Recently, BEAT's holdings situation is worth paying attention to. From the data, high holdings accompanied by continuous capital inflow often conceal risks. The market maker's protective capital pool is limited, and once they cannot maintain the upward momentum, retail investors are easily left holding the bag. What is even more alarming is the fee rate mechanism—once you enter, the fee rate will adjust immediately, which is extremely unfavorable for short-term traders.

Similar tactics have been seen in other projects, such as the operation style of PIPP. Although the two projects seem different, their operational logic is surprisingly similar. High-position holdings, continuous accumulation, fee rate leverage—these are all old tricks.

It is recommended that beginners approach such targets cautiously and do not easily become fuel for the protective capital chain. Observe the trend over several cycles to see if the market maker's ability to protect the market can truly sustain the upward trend. Only then can more rational decisions be made.