Today @DeAgentAI pumped 3x again! Noticed that the total number of positions is gradually decreasing (slowly getting liquidated), but the total value of positions is steadily increasing (liquidations driving the price up). Overall, this behavior is somewhat similar to MMT, but the fee rate indicators are completely different. It's pretty clear that whether it's positive fee rate-driven pumps or negative fee rate-driven pumps, fee rates can no longer be used as a reference indicator because they always use a counterintuitive strategy that catches you off guard. Those who stubbornly stick to the negative fee rate peak might be in trouble...