0xSun: Major Crypto Whales Are "Retiring" Main Wallets Due to Copy-Trading Pressure and Conspiracy Theories Affecting Their Strategies
According to Odaily Planet Daily, trader 0xSun analyzed in a post that an increasing number of major traders, both domestically and internationally, are choosing to "retire" their main wallets and switch to secondary or new wallets. There are two main reasons for this:
First, the pressure from copy trading is too great. Once a main wallet makes a purchase, various copy trading bots drive up the price, causing the price to reach the expected increase instantly, leaving no room for further operations. Selling is easily criticized by public opinion, while holding exposes them to selling pressure.
Second, it is to avoid being targeted by conspiracy theories, such as accusations of "insider information," "collusion," or "dumping through secondary wallets," which bring emotional stress due to unfounded speculation.
0xSun believes that while this trend can reduce trading pressure, it also weakens on-chain transparency, creating more opportunities for market manipulation and potentially having a negative impact on the overall environment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
