Old Yi's wealth came from the primary market.
Hua Zi lost nearly 800 million in this wave, not only wiping out all the profits from the previous rise from 1500 to 4000, but also losing 450 million in principal.
At that level, success depends on resources, vision, information advantage, and pricing power. In simple terms, the trajectory of many projects after launch is, to some extent, controlled by the "insiders."
$$But the secondary market is a chaotic system. Here, the Federal Reserve, on-chain whales, MEV bots, and even a sudden black swan can instantly dismantle your logic.
Old Yi's bigges
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