ME (Magic Eden) – The Harvest is Coming

​The Reality Check: $ME is currently pulling the classic "Chives Trap." Despite a 98% drop from its peak, it’s still lugging around a massive $1.4B+ FDV because the vast majority of tokens are still locked. This +35% pump isn't a recovery—it's exit liquidity.

​Strategy: High-Conviction Short (Fading the Pump)

​Entry: Around 0.1799 (Current overextended level)

​Target: Back to the baseline (0.12 - 0.13 zone)

​Risk: Set a disciplined Stop Loss above the local blow-off top.

​Why the "House" wins on this Short:

​Unlocks Pending: The supply overhang is a ticking time bomb. This pump is a gift for early investors to exit at a higher price.

​The "Dog Coin" Pattern: It’s acting like a chain-specific meme coin but with the valuation of a top-tier infrastructure project. The math doesn't add up.

​NFT Narrative Fatigue: Trying to pivot or revive NFT hype in this market rarely sticks. Every pump has historically led to a "lower low."