I just noticed that the price difference for the MMT coin is quite ridiculous among several mainstream platforms. The Spot price is 3.6, while the contract skyrocketed to 6, and another platform is even more exaggerated, reaching 10. This situation lasted for a full 5 minutes.

Such a large positive premium for contracts has basically become extinct on major platforms after 2021, except for extreme situations like black swan events.

I was pondering that this is most likely related to the institutional liquidation wave on October 11th. After that bloodbath, the risk control of the players who held on has been pushed to the limit. In the face of such a new coin, with an unclear distribution of chips, arbitrage institutions do not dare to act lightly.

At the beginning of 2025, various magical operations in the market emerge one after another.

It seems I need to be more alert and not fall into a ditch.