RTFKT's NFTs surged 10 times when Nike acquired them, with many controversies surrounding insider trading behind the scenes. After Nike sold related assets this time, the price jumped another 3 times—on the surface, it seems to be driven by token expectations. Moonbirds and Meebits have also experienced similar situations.
But from a trading perspective? I don't think it's necessary to chase. These rebounds are often driven by emotions, and once expectations are fulfilled or fall short, the correction can be fierce. Such phenomena are common in market cycles, and the cost of chasing highs is usually quite high.
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MeaninglessApe
· 01-07 17:55
Ha, it's the same old story again. Nike makes a move and it soars? That's so cliché, the insider vibe is so strong.
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BlockchainBouncer
· 01-07 17:49
Basically, it's just a rhythm of cutting leeks, with a bunch of people taking the bait at high prices, and by then, it's too late to even cry.
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LiquidationAlert
· 01-07 17:45
To be honest, this is a typical market maker's shakeout, and those following the trend are all just leeks.
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LazyDevMiner
· 01-07 17:27
Haha, it's the same old trick again. Those who chase the high are all newbies.
RTFKT's NFTs surged 10 times when Nike acquired them, with many controversies surrounding insider trading behind the scenes. After Nike sold related assets this time, the price jumped another 3 times—on the surface, it seems to be driven by token expectations. Moonbirds and Meebits have also experienced similar situations.
But from a trading perspective? I don't think it's necessary to chase. These rebounds are often driven by emotions, and once expectations are fulfilled or fall short, the correction can be fierce. Such phenomena are common in market cycles, and the cost of chasing highs is usually quite high.