Recently, there has been a shocking rumor in the circle - an insider from a leading CEX directly fed the core secrets such as large investors' margin level and liquidation price to the market maker Amber Group of $MMT.

The next script is very "textbook":
Suddenly a violent pump in the middle of the night.
Short positions are like dominoes, falling one after another.
$127 million, just like that, it's gone.

What’s even more outrageous is that the project team has teamed up with God to delay the airdrop again and again, keeping the circulation at a strict 2%. This short squeeze operation is simply a meat grinder prepared for the bears. Do you think this is market play? No, this is called a 'scripted kill'.

The community is filled with cries:
Someone chased from 0.3 dollars to 10 dollars, still losing with 1x leverage.
A trader showed their account, which evaporated a million overnight.
The spread on a certain exchange is outrageous, and if you want to check the logs afterwards? Ha, no chance.

Let's take a look at the data recorded by Coinglass on November 5th:
The total liquidation amount is 127 million USD, of which short positions account for 114 million (90%), while long positions only account for 13 million (10%). This ratio clearly indicates a targeted precision strike against the bears.

The market capitalization of $MMT once surged to 4 billion USD, but has now fallen back to 1.8 billion - a direct halving after a 1500% spike. Ironically, after several large exchanges listed it, the liquidity trap has become even deeper.

This isn't the first time this has happened. In 2023, Spartan Group publicly clashed with a certain mainstream CEX, accusing them of leaking their short position to "industry acquaintances," which angered them and led to a complete severance of cooperation.

History always repeats itself, it's just that the retail investors change one after another.