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Recently, the meme coin market has been quite interesting. $PIPPIN and $ACT have been swinging back and forth this week, with sharp rises and falls, and many people have been left behind. In contrast, $BANANA has been much more aggressive, pushing higher and higher, resulting in the short interest rate soaring to 4300%. This number is quite rare in the market.
The cost of shorting on that side is too outrageous; basically, short sellers have to pay to hold their positions. Under these circumstances, those continuing to short need to think twice. The entire meme track is like this now—hotspots rotate quickly, capital groups form and disband fast, and if you're not careful, you'll get caught off guard.