Recently, the meme coin market has been quite interesting.
$PIPPIN and
$ACT have been swinging back and forth this week, with sharp rises and falls, and many people have been left behind. In contrast,
$BANANA has been much more aggressive, pushing higher and higher, resulting in the short interest rate soaring to 4300%. This number is quite rare in the market.
The cost of shorting on that side is too outrageous; basically, short sellers have to pay to hold their positions. Under these circumstances, those continuing to short need to think twice. The entire meme track is like this now—hotspots