Listing Fee

GFT shorting opportunities, it is likely to continue to fall. In addition, are you curious why the Binance Observation section has always risen sharply recently?

First, we need to refer to the trend of high. After the big rise in early June, it immediately began to fall sharply. The trading institutions made profits by shorting again after buying.

In the past few days, I have published two articles about the trading institutions behind the rise of GFT. This decline is also a team manipulating the price of GFT, which is similar to the trend of high.

After the big drop in the afternoon of the day before yesterday, the institutions are likely to complete their exit, and there are not many retail investors who buy and sell GFT, resulting in less and less trading volume at present. In this case, the most likely scenario is a slow decline, at least to the previous low price of $0.025.

So you can short GFT at the current price.

Binance has no contracts, and can only short through leveraged lending. However, there is too much demand for GFT lending at present, and Binance’s capital pool is running out. You can refresh more to see if there is any lending quota. However, the second exchange OKX has GFT contracts, which can be shorted.

Let's talk about why the observation sector has been rising recently?

Take the newly launched banana as an example. The project owner paid about 60 million USDT for the listing fee, while many tokens in the observation sector have a market value of only 20 to 30 million.

For example, the market value of GFT is about 28 million US dollars, and it may only take 10 to 20 million US dollars to pull the market once. On the other hand, it cost 60 million US dollars to list banana on Binance. If GFT's performance has been mediocre and it has been delisted, then does it mean a loss of 60 million US dollars?

The project owner and the team behind it know how to spend less money. Instead of being delisted, it is better to use 10 to 20 million US dollars to manipulate the price to fluctuate sharply, which can also make a profit. So, retail investors should be careful.