0xSun: Key opinion leaders are "retiring" their main wallets due to the pressure of copy trading and the influence of conspiracy theories in public opinion.
On July 9 (UTC+8), trader 0xSun published an article analyzing the increasing number of major domestic and international traders choosing to "retire" their main wallets and switch to smaller or new wallets. There are two main reasons for this: First, the pressure from copy trading is too great. Once the main wallet buys in, the price is driven up 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 like "insider information," "joint harvesting," and "small account selling." 0xSun believes that although this trend can reduce the pressure of trading, it also weakens on-chain transparency, giving the market more room for muddying the waters, which may have a negative impact on the overall environment. (Source: Odaily) [MetaEra]
0xSun: Key opinion leaders are "retiring" their main wallets due to the pressure of copy trading and the influence of conspiracy theories in public opinion.
On July 9 (UTC+8), trader 0xSun published an article analyzing the increasing number of major domestic and international traders choosing to "retire" their main wallets and switch to smaller or new wallets. There are two main reasons for this: First, the pressure from copy trading is too great. Once the main wallet buys in, the price is driven up 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 like "insider information," "joint harvesting," and "small account selling." 0xSun believes that although this trend can reduce the pressure of trading, it also weakens on-chain transparency, giving the market more room for muddying the waters, which may have a negative impact on the overall environment. (Source: Odaily) [MetaEra]
