The past couple of days have been quite interesting——WAL suddenly pumped, and then immediately started a steady decline with distribution. What's amusing is that all the so-called KOLs on the plaza appeared like robots in batch, talking bullish while having zero positions on their holdings lists.
If you observe carefully, you can spot the tells. These people seem to be mainly playing for creator rewards, and once the rewards hit their accounts, they vanish instantly. The plaza is full of bullish voices, yet you can barely find a few who actually put real money into it. Opposing opinions? Nearly nonexistent. Call it market divergence if you're being nice, or say it's waiting for retail investors to take the bait and exit bags if you're being blunt.
I've seen this routine of pumping and rapid dumping many times. Who's going to catch this falling knife? Spoiler alert: there's usually not much suspense about the answer.
The past couple of days have been quite interesting——WAL suddenly pumped, and then immediately started a steady decline with distribution. What's amusing is that all the so-called KOLs on the plaza appeared like robots in batch, talking bullish while having zero positions on their holdings lists.
If you observe carefully, you can spot the tells. These people seem to be mainly playing for creator rewards, and once the rewards hit their accounts, they vanish instantly. The plaza is full of bullish voices, yet you can barely find a few who actually put real money into it. Opposing opinions? Nearly nonexistent. Call it market divergence if you're being nice, or say it's waiting for retail investors to take the bait and exit bags if you're being blunt.
I've seen this routine of pumping and rapid dumping many times. Who's going to catch this falling knife? Spoiler alert: there's usually not much suspense about the answer.