That makes sense, but all the tokens launched on this platform are pegged to high-market-cap projects like Bitcoin, Ethereum, Dogecoin, Pepe, or even U.S. stocks. Essentially, it’s about going long or short on the projects behind these tokens. For example, ALT is pegged to HYPE with 5x leverage long. If ALT’s price stays the same but HYPE drops, selling at that point would result in a big loss. On the other hand, if HYPE’s price rises, you’d make a lot of profit. Even if ALT drops but HYPE rises, you’d still make money. The key is to look at which project the token is pegged to and whether it’s leveraged long or short. Simply put, the rise or fall of the token itself doesn’t really matter; what matters is the price movement of the pegged project. I’m not sure if my explanation is correct—can any experts here provide more guidance?
