Dirty Game (Keep Your Eyes Open)

A no-KYC perp, launches token and allows traders (and themselves) 50x leverage directly from launch.

Peddles binary options and their own stablecoin

Let's not assume they abuse level 3 orderbook data (stops/liquidations/entry) to churn endless volume/'clearance fees'

And surely, hopefully, they don't build up unbacked debt in their system (god mode positions, FTX style)

It will likely play out okay, but this is one of those 'could explode' plays.

This one has a heavy duty handler.
Very experienced, very ruthless.

I see it playing out similarly to HYPE, but a lot more shameless.
There is no intention of playing fair.
They are not trying to convince you they are a long-term play like HYPE.

This is not just a harvest on gamblers/leverage traders, it is also a harvest on market makers.
Smart market makers will not touch this, most will play it double safe and lose, some will lose big.

ASTER PLAYBOOK:
Run price up hard and fast using, heavily leveraged seed money, while being immune to liquidations > ENTICE
Paint a cute chart > BUILD CONFIDENCE
Abuse level 3 data and god mode to harvest liquidations > ACCUMULATE STABILITY FUND
(run lows, tap highs, repeat)
Use stability funds to further run up price.

With HYPE;
the game slowed down when their risks got highlighted.
built up vultures who actively try to eat off their plate, limiting upside
has a 3x/10x max, where as this goes 50x
transparency makes it hard to be as shameless, but also attracted more capital that way

How high will it go?
It all depends on how much capital they fool into their game.
My guess, they will run it to some nice number while volatility is high (5$/10$), before slamming it 70-90% down.
Then low volatility churn for a year and try again.

None of this is financial advice.