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Sisyphus: Short selling publicly unlocked tokens on a large scale is not a good time

2024-09-24 01:19

BlockBeats news, on September 24th, crypto KOL Sisyphus posted that "the problem is shorting those large-scale, already publicly available token unlocks, and the team can decide at the last minute to relock the token (I remember this happened on dydx). It is not recommended to do so. Although the price will fall in the long run, in the short term, the team has many ways to manipulate the price through the cryptocurrency market. I don't think public large-scale unlocking is a good time to short cryptocurrency, because market manipulation is legal in this industry Top trader Eugene Ng Ah Sio replied, "The conclusion is that if you are bearish on unlocking, don't touch it; but if you are bullish on unlocking, there are multiple ways to operate

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