Participated in a trading competition and finally managed to grab tokens from two projects. Filled with joy waiting for the competition to end, who knew that as soon as it concluded, the price started to plunge. Thud, thud, it kept dropping, making people feel exhausted. KGEN, ZKPU, RAVE—these tokens were quite popular during the competition, but it turned out they became a cash cow—specifically targeting retail investors.

I've seen this kind of trick many times before. The competition rules look attractive, and the rewards are tempting, drawing a large number of people to join. Once the competition period ends, the big players cash out, and the price drops accordingly. Participants either cut their losses or hold on stubbornly, suffering passive losses. It all feels like a carefully designed trap, with the competition itself serving as a tool for harvesting.

Now, whenever I see these kinds of activities, I have to think several steps ahead—are they really about discovering quality projects, or just about harvesting the little guys? It's hard to tell. These days are indeed tough, but we can only be more cautious in choosing what to participate in.