2025-12-28 03:26:01

Starting from midnight on November 24th, PIPPIN launched a high-fee mechanism. At that time, the token price was 0.2429. Even if the price remained unchanged, the fees alone would have directly consumed 93.191714% of the principal. Now, the price has surged to 0.46548, nearly a 20-fold increase. Ironically, if someone had shorted during this period, their principal would have been wiped out under this fee structure. What about the long side? Not only is the principal still alive, but they have also eaten several times the amount of the short side's principal. This is the truth of the leveraged trading market—under such a high-fee mechanism, retail investors are simply being harvested while lying down, and the ones making money are always those with sufficient leverage and capital.

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FreeRider

· 9h ago

Oh my, this fee mechanism is simply a harvesting machine for leek farmers. How can retail investors play this? --- PIPPIN's operation is really ruthless, 93% is gone directly. What's the point of playing? --- The short sellers are losing money badly, and the longs are not doing well either. The only ones making money are the platform. --- That's why I always say leverage trading is a casino. Once the fees come out, everything is over. --- So what if it rises 20 times? It's the fees that really lead to despair. --- Retail investors entering just become a cash machine for the platform. Truly speechless. --- Those with enough capital have already withdrawn. Small retail investors like us are just being set up to die. --- Therefore, under a high-fee mechanism, there is simply no survival space for retail investors.

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GateUser-e51e87c7

· 9h ago

This fee structure is really incredible, 93% is gone instantly, retail investors are bleeding while lying down. It's even worse for short sellers, they originally misjudged the direction and still get drained, while the longs are making a killing. Leverage trading, in simple terms, is a game of harvesting retail investors. Those with large capital are always the winners; people like us don't stand a chance. PIPPIN's recent move was truly ruthless; the game rules are written for the big players.

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GasFeeGazer

· 9h ago

93% fee rate? That's outright robbery, retail investors are just giving away money --- Shorts go straight to zero, longs eat the profits. This game rule is inherently one-sided --- With this fee structure, whether the coin goes up or down doesn't matter. The key is that the platform is eating your principal --- The truth about the contract market is like this: a playground for the wealthy, an ATM for retail investors --- A fee rate that can eat up 93% says everything --- Even a 20x increase can't beat this fee rate, it's truly outrageous --- The essence of leveraged trading is zero-sum, the winners are always the market makers and big players --- Under high fee mechanisms, you're bleeding while lying down. I've seen this trick many times --- PIPPIN's setup is definitely playing with people

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GweiWatcher

· 10h ago

Oh my, 93% of the fees are directly stripped away. This is the real way to cut leeks. --- The short sellers go completely broke, while the longs make a fortune. This is just outrageous. --- Just want to ask, do retail investors really can't survive without leverage? --- Such bloodsucking fee mechanism, if I had known earlier, I wouldn't have played this crappy trading pair. --- Even with a 20x increase, I still lose money. This logic just doesn't add up. --- Lying down every day and getting eaten a big chunk, and still have the nerve to call it trading.

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