#数字资产生态回暖 $PIPPINThis coin has quite a few people who have fallen into traps. I need to speak out about what I’ve seen so that more people don’t suffer losses.

Many people believe in the so-called smart money sector, thinking that the on-chain data they see is the whole truth. In reality, this is the first step towards being cut for profit. You can check the publicly available account information, but the unseen parts determine the market’s direction. Take the total contract volume across the network, for example—it’s only around 200 million USD, which is just the surface figure. The actual position size is far more complex.

The manipulators have many tricks. A common approach is to frequently switch account attributes—changing real trading accounts to hidden accounts, or simply closing public accounts. Retail investors see the smart money withdraws from the data and panic, thinking the main players have run away, and then follow suit by dumping. Many get caught like this, their funds go down the drain, and they still can’t understand how they lost.

Want the price to plummet rapidly? That’s basically impossible. On-chain spot holdings have already exceeded 1 billion RMB, with an average entry cost around 0.06. Even if the manipulators make huge profits through contracts, they won’t give up the spot market. As long as they hold so many chips, liquidation won’t happen. In other words, the price of this coin won’t go up to a few yuan unless they all start selling off.

But don’t expect it to keep rising in a straight line either. During the upward process, the manipulators will inevitably take profits back and forth—they make some profit on the long side, and the short side also makes a wave, stuffing both sides’ money into their pockets. As long as they still hold the tokens, there’s no absolute logic to the price fluctuations; it all depends on how the market operates. Wake up, everyone, and don’t keep getting caught unawares again.