Momentum price

$MMT crashed 35% mindshare as kols turned brutal after the airdrop controversy. @cryptoteluguO and @sjdedic led the charge calling out the project for distributing only 1% of allocations. @meta8mate detailed how they kept delaying claims while price pumped 20x then dumped. classic case of mindshare following the kol sentiment shift, not price action.

Little Dinosaur News | @irys_xyz Mainnet Launch Progress Update 🦕 Last night I went to the Lantern Festival and was amazed. When I got back, I saw $GIGGLE skyrocketing, $eth also bounced back, and I don't know when the $MMT NFTs and mouth-licking airdrop will be released? Irys recently announced that the mainnet launch progress has reached 60%. Today, I invited my colleague @fan128168 to appear on TV. IRYS is positioned as a cross-chain data layer (Datachain), aiming to provide reliable data storage and retrieval capabilities for a multi-chain ecosystem. Irys achieves cross-chain verification through the Data Availability Layer and currently supports data interaction for major public chains like Ethereum, Solana, Base, etc. After the mainnet is completed, economic incentives and a validation node mechanism will be introduced to ensure stable network operation. The team stated that the core contracts and validation node network are undergoing security testing, with remaining phases including consensus module optimization and ecological application integration. @cn_irys_xyz

206/1000 "MMT Tenfold Explosion and Hedging Reflection: Earning Less is Fine, but Losing Big is Not" 1️⃣ MMT Tenfold Explosion: Market Malice and Doing the Right Thing Just yesterday, I mentioned that the market has entered a "difficult mode," and when I woke up, many people had their MMT positions blown up. MMT actually surged tenfold, which is completely a tactic to target hedging positions— the project team first deliberately prevented coin distribution to force out the hedging positions, then flipped the market up. This behavior is truly disgusting, indicating that the project team's bottom line is getting lower and lower. When it's hard to make money, they can only earn from the "hedgers." Today, I discussed this with a friend, and the conclusion is: Hedging should not be done. Even if you must hedge, it must start from "doing things right" and setting stop-losses. Looking back at the past: Whether it was Sui in 2023 or Plasma this year, both experienced very risky hedging situations. Fortunately, there were no major issues; but if this continues long-term, there will eventually be a time when the market "clears everything in one go." Conclusion: Accept earning less, but avoid big losses; Try not to use contracts for hedging; If you can exit the market, do so; There may be new hedging methods in the future—hedging through market predictions. 2️⃣ EdgeX: Running Ahead of Lighter, May Release b Early Today, EdgeX announced that there are only four weeks left for points. It seems like they are trying to run ahead of Lighter, wanting to release earlier than the competition. The first-mover advantage is too significant, and many people are likely to be overwhelmed.