The recent $BREV market movement reveals some of the manipulative tactics used by the whales.

First, the -2% fee rate setting clearly aims to fail in climbing the rankings on a major exchange, then attract retail investors with low fees to boost expectations. Once the ranking climb fails and long investors are trapped, their mentality worsens—cutting losses requires courage, and dragging it out makes it easier for others to take over the position.

The real rhythm is like this: positive news pushes the price higher → high gains attract traffic → simultaneously, the fee advantage entices new funds to enter. From the market perspective, whales mainly manipulate a major exchange by offloading tokens, while other platforms' fee pressures are relatively insignificant because liquidity is limited.

In terms of trading strategy, this logical chain is quite methodical—using the ranking mechanism, fee differences, and emotional expectations to form a closed loop. But in execution, it still appears fairly routine, with no particularly innovative methods. Essentially, it’s exploiting a loophole within the exchange ecosystem and repeatedly using it.