Participating in meme projects on public chains like BSC involves observing the first wave of sentiment and the second wave of counter-sentiment—this is almost an unchanging rule.

The relationship between retail investors and whales is essentially a fish-to-knife relationship. The nature of the fish doesn't change; only the person holding the knife changes.

Whether the second wave can push the price up depends on one core logic: has the main force in the first phase already exited? If the previous whales are still around, where do new entrants get their low-cost chips? The higher the participation and the louder the calls, the greater the pressure the market can bear, and the less room and probability there is for later entrants to take over. This is purely a supply and demand relationship.

For those who want to intervene in the second wave, without a retracement of about 50-80% as a signal, don't even think about it. This number isn't my saying; it's the market's. If the retracement isn't deep enough, it indicates that the exit isn't thorough, and the game isn't over yet.