After delisting the spot, someone (I guess a market maker) has tested the possibility of rate manipulation
At that time, maintaining a negative fee rate in a rising market (forcing shorts to close their positions), and then maintaining a positive fee rate in a falling market (forcing longs to close their positions)
This means he can manipulate prices, manipulate rates at the same time, and then harvest traders
Now, he is manipulating the interest rate to harvest long positions, and the price continues to fall, while maintaining a terrifying long interest rate with a daily interest of 0.5%.
When the long position is stopped, the fee rate miraculously decreases rapidly
If XMR is trading sideways but no one is manipulating the market horribly, I can trade to provide liquidity for it
If XMR goes up and down, I can accept being manipulated because I can make money
But XMR has no money-making effect, so who will enter this market?
I have also lost confidence in holding XMR long term, XMR could be a good cryptocurrency
But cryptocurrency’s value comes from liquidity
If someone can manipulate the market, he should be careful not to let anyone know, otherwise others may quit
Let me quit, XMR also let me learn how to trade MEME
MEME has no value and is difficult to manipulate. Good MEME has good liquidity and a strong money-making effect.
