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After looking at CHIP for a long time, I always felt like this project was pretty good. But after checking the on-chain data, my heart completely turned cold.
On the Solana chain, there’s only one spot holder: Token Millionaire, holding 200,000 tokens, worth only $14,000, accounting for 2%. The way holdings were increased is basically the same as not increasing at all.
The worst part is the largest long—Bridge User—on Hyperliquid. He entered at 0.0945 and is now at 0.071, with an unrealized loss of 1.1 million. His account is left with only 39.95K.
Among the top 21 whales, 15 are shorting, and the short Yield Farmer is up 340,000, laughing all the way. Only this one big brother on the long side is holding it up—he’s almost about to get hammered out of existence.
The “air force” isn’t giving anyone any way to survive.
When will a bunch of whales come and blow up these short positions? …It feels like it’ll never happen.
#CHIP #多头绝望 #空头压盘 #师父！救救我 $CHIP