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0xSun: Big players have retired their main wallets due to the pressure of following orders and conspiracy theories affecting their operations
Odaily News Trader 0xSun published an article analyzing that more and more major domestic and foreign wallets choose to retire their main wallets and switch to small or new wallets. There are two main reasons:
First, the pressure of following orders is too great. Once the main wallet buys, the price will be raised by various copy trading bots, resulting in the expected increase in the instant of purchase. There is no room for subsequent operations. Selling is easy to be criticized by public opinion, and holding will face selling pressure;
Second, it is to avoid being attacked by conspiracy theories, such as the emotional burden caused by false speculations such as insider information, joint harvesting, and small-scale shipments.
0xSun believes that although this trend can reduce the pressure of trading, it also weakens the transparency on the chain, creating more room for market manipulation and may have a negative impact on the overall environment.
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