$IP is the most ridiculous price action in all of crypto.
-no real builders
-no real users
-<$700 in daily revenue
-$10B+ FDV ($3B Mkt Cap)
-Chart that looks like prime market manipulation
This reminds me of the $OM or $LAYER setup. Pure crime.
Right now at $10B FDV, it is getting too big for another quick 2x pump. Valuation is already too irrational.
Yes, maybe it is the chosen L1 of the Koreans and we shall not fade this or whatever.
But man... I cannot stop looking at this chart thinking it is about to get destroyed.
I usually never go short except for a few rare cases.
And this might be it. Just looking for a better TA setup.
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