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Recently, the performance of this coin has indeed been frustrating. After the surge last Friday, there has been no significant movement, trading volume has been sluggish, and the price has been oscillating at high levels, like boiling a frog in warm water, which is torturous. Is it the whales exhausting the bullish traders above, or are they performing a weakening act to attract retail investors to chase short positions? This question is worth pondering.
From on-chain data, large funds do not show obvious signs of withdrawal; the main players still seem to be in the game. The problem lies elsewhere—the market enthusiasm has clearly declined. Whether retail investors or institutions, everyone's interest in this coin has waned, resulting in no new funds willing to take over, and the market naturally continues to weaken helplessly.
But don’t let your guard down. The biggest risk for such volatile coins is a sudden surge; a moment of carelessness can easily lead to a panic sell-off. It’s advisable to stay away for now and consider participating only when the signals are clearer.