The market maker woke up at 5 am ET and started minting new AMC. The AMC price re-pegged as a result, CINEMA dumped, and people started rebuying CINEMA. A 3x unpeg happened again as a result but the market maker is continuing to mint - ideally they can keep up as people get back into CINEMA.
If you buy while AMC is depegged, it’s a psychology game imo - how much of an AMC price discrepancy do you think people are willing to accept to get in, knowing the market maker is dumping on you.
It’s been a movie already.
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