On Binance, most newly listed currencies follow an obvious trend pattern: they will fall for a few days at the beginning of the launch, then quickly rise, but then they will soon enter a sustained downward trend. This is actually a typical strategy for shipping new coins.

The first step of this strategy is to allow retail investors who have obtained airdrops through $BNB pledges to ship out first in the first week of the new coin's launch. Usually, within a week, those who only want to earn staking income and do not intend to hold for a long time will basically ship out at this stage. At this stage, market makers usually do not carry out market protection operations.

The second step is that when preparing to ship, the price will usually suddenly rise by half or double within two days, but the price will usually not exceed the previous high, and even if it exceeds it, it will not be too much, so as not to give the first batch of people who bought at the opening a chance to leave.

The third step, as a retail investor, the only thing you can do is to short with the market maker in the second step (split warehouse and use low multiples), because at other times, your short position may be hit by a sudden one-day rise at any time, and choosing to go long may directly become the exit liquidity of the project party. It takes relatively keen judgment to seize this opportunity, because the market maker will not maintain a high price for more than two days.

So, next time when you see a newly launched currency suddenly rise for one or two days, the first thing you should think of is that the market maker may start to ship, instead of thinking about whether the dealer is going to pull the market and whether you should go all in.