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Why did PIPP surge? This short squeeze battle is unbelievable
PIPP was in long-term silence early on
Widely regarded by the market as a 【dead coin】 and became a popular short-selling target
A large number of shorts placed bets on the price falling
Whales concentrated their funds to violently push the price up
Directly triggering a chain of forced liquidations of shorts
The passive buying caused by forced liquidations further drove up the price
Creating a short squeeze cycle of 【rising → short squeeze → passive buying → rise again】
Resulting in a vertical price surge