Recently, FOLKS's performance has been quite aggressive, with the price breaking above 100U and continuing to gain popularity. The overall manipulation logic is somewhat similar to the previous COAI pattern—initially accumulating consensus through spot trading to lift the price, followed by futures market follow-up, creating a magnified effect.

It is worth noting that the FOLKS futures contract funding rate is charged every hour, a high-frequency fee model that is quite common in the current market. For short sellers, this is equivalent to continuous cost consumption—yes, short selling is essentially fueling the longs. Retail investors who are not good at timing may easily become victims.

From the market performance, this round of manipulation shows obvious signs of spot-futures linkage. After the longs lock in their positions on the spot side, the leverage effect in the futures market further amplifies the upward momentum. How sustainable this pattern is will depend on the subsequent strength of spot support and changes in market participation.