# 空头压盘

After looking at CHIP for a long time, I always felt like this project was pretty good. But after checking the on-chain data, my heart completely turned cold.
On the Solana chain, there’s only one spot holder: Token Millionaire, holding 200,000 tokens, worth only $14,000, accounting for 2%. The way holdings were increased is basically the same as not increasing at all.
The worst part is the largest long—Bridge User—on Hyperliquid. He entered at 0.0945 and is now at 0.071, with an unrealized loss of 1.1 million. His account is left with only 39.95K.
Among the top 21 whales, 15 are shorting, and