[Making Money Using FOMO? JINQIAN LP on Uniswap Hits Peak APR of 83,832%] BlockBeats News, September 2 — Tonight, the narrative surrounding the 'short squeeze equity' of JINQIAN/FAMI on Robinhood's blockchain has been denied by the involved parties, marking the end of the on-chain speculation. However, reviewing the entire event, the biggest winners were not just the top on-chain traders. Smart money also profited significantly by creating JINQIAN trading pair LPs on Uniswap. According to data from Uniswap's official page, during JINQIAN's first surge from a $7 million market cap to $60 million, the peak APR for the main trading pair JINQIAN/ETH reached as high as 83,832%, though it has since dropped to 79,708%. As of the time of publication, the JINQIAN/USDG trading pair still has a transaction fee rate set at 6%, with an annualized APR of 126,440%. This means that if traders bought JINQIAN tokens during the price surge and subsequently formed a single-sided liquidity pool at higher price levels, then promptly claimed LP fees and sold part of their JINQIAN holdings, their return/risk ratio would likely be much higher than simply holding JINQIAN tokens. However, the current market trading sentiment has become excessively FOMO-driven, and on-chain scams are increasingly prevalent. Even forming LPs for certain popular meme tokens cannot fully mitigate the risks associated with price fluctuations of the related tokens. Users should be mindful of investment risks. [Original Link]