0xSun: The "Whale" is exiting en masse from the primary wallet, possibly due to following the market trend pressure and the influence of public opinion conspiracy theories.

By: theblockbeats.news|2025/07/09 14:26:55
0
Share
copy

BlockBeats News, July 9th, Smart Money, and crypto KOL 0xsun.sol (@0xSunNFT) stated that more and more domestic and foreign whales are choosing to "retire" their main wallets and switch to smaller wallets or new wallets. It is speculated that there are two main reasons for this: first, due to significant pressure from copy-trading, once the main wallet makes a purchase, various copy-trading bots will quickly drive up the price, causing the purchase to reach the expected price increase instantly. Subsequently, there is no room for further action. Selling will easily attract public criticism, and holding will face selling pressure. Second, to avoid being attacked by conspiracy theories, such as emotional burdens brought by unfounded speculations such as "insider information," "rug pull," and "dumping from a smaller wallet."

0xSun believes that although this trend can reduce manipulation pressure, it also weakens on-chain transparency, providing more room for market manipulation, which may have a negative impact on the overall environment.

-- Price

--

You may also like

CZ Washington Dialogue: Crypto Entrepreneurs are Accelerating Their Return to the United States

CZ connects with the DC Blockchain Summit: The prison memoir is about to be published, harshly criticizing the inaccuracies of traditional media reports, and pointing out that if the U.S. wants to become the "global crypto capital," it urgently needs to introduce more sufficient market competition t...

Morning Report | Strategy increased its holdings by 1,031 bitcoins last week; Katana Blockchain acquires IDEX; NYSE completes rule change to eliminate trading limits on crypto ETF options

Overview of Important Market Events on March 23

Electric Capital: Tracking 501 types of yield-generating RWA assets, we discovered these patterns

From private credit to GPU leasing, from catastrophe bonds to music royalties, the range of tokenizable assets is much richer than the market perceives. However, the biggest challenge is not technology, but distribution—existing RWAs heavily rely on a few large deployers, and the concentration of ri...

Those who are cut off by AI will not disappear; they will become the creators of the next round of the economy

AI is not eliminating people, but rather the superstition of "stable careers": those who break the shackles of organizations and understand how to rewrite themselves are ushering in the ultimate revenge.

Stablecoins reshaping cross-border payments in Asia? Strategic panorama and investment opportunity analysis

With the popularity of local payment channels, the costs of traditional transfers have been significantly reduced, and the fees are now mainly concentrated in the domestic settlement phase, which is precisely what stablecoins cannot bypass.

Zuckerberg is building an AI agent to help him as CEO

Zuckerberg is reported to be personally developing a "CEO proxy" to accelerate information acquisition and reduce management layers.

Popular coins

Latest Crypto News

Read more