On July 9th, Smart Money, crypto KOL 0xsun.sol (@0xSunNFT) posted an article stating that more and more large domestic and foreign players are choosing to "retire" their main wallets and switch to smaller or new wallets. It is speculated that there are two main reasons for this: First, the pressure to follow orders is too great. Once the main wallet buys in, the price is raised by various copy trading Bots, causing the expected increase to be reached the moment of purchase, leaving no room for subsequent operations. Selling is easily criticized by public opinion, while holding faces selling pressure; second, to avoid being attacked by conspiracy theories, such as the emotional burden brought about by false speculations such as "insider information," "joint harvesting," and "small account shipments."

0xSun believes that although this trend can reduce the pressure of trading, it also weakens on-chain transparency, bringing more opportunities for muddying the waters to the market, which may have a negative impact on the overall environment.