$PLAY token experienced a dramatic 300% surge within an hour, driven by aggressive buying that pushed the funding rate to 0.2917%. This indicates that the rise was fueled by contract buy orders rather than a fierce long-short battle. The high funding rate suggests that long positions may struggle to maintain momentum, potentially leading to a "long squeeze" scenario where early sellers profit at the expense of latecomers. Unlike $MYX, which successfully attracted retail investors through marketing and maintained a controlled funding rate, $PLAY lacks the same foundational support. Additionally, $PLAY differs from $MEMEFI, which has the potential for automatic settlement by the 11th. The rapid rise of $PLAY appears to be a result of speculative trading, and investors are advised to exercise caution.