It is said that someone is planning to report this token to the SEC, and things might escalate...

I suspect that person is a whale short seller who suffered huge losses.
Do you think the market maker will hit a brick wall this time...
Looking at the data, in the past 24 hours, POWER has accumulated over 15 million USD in short positions.
This is simply an astronomical number; many altcoins' entire contract funds are not even this large.
The longs are not doing much better. Although the market seems to be overwhelmingly bearish, at the same time, there have been over 1 million USD in long positions liquidated.
This amount and the scale of the short liquidations naturally cannot be compared directly, but when compared to other cryptocurrencies, it is definitely not a small figure.
All we can say is that the longs are slightly luckier than the shorts. While the market maker is pushing the price up, they are also taking both sides😂#power
$POWER