Just saw that PIPPIN's market value instantly rushed to 330 million and smashed back to 250 million, and rose 45.87% in 24 hours. Is this trend really healthy?
After flipping through the on-chain data overnight, I found a problem: most of the pull-ups were caused by a small number of whales inverting positions, creating the illusion of liquidity. Retail investors follow the trend? It is already obviously weak. The Solana ecosystem has indeed been popular during this period, but meme coins - with no practical use cases and purely driven by emotions, what does it often mean to suddenly explode? A signal of a phased peak.
Let's look at the macro side: the Fed's interest rate cut expectations have been delayed, and market liquidity has not really improved. To put it bluntly, this wave of hype is just a wave of stock funds spinning in several popular narratives, beating drums and spreading flowers.
The real opportunity is not chasing highs. At this position, it is recommended to gradually reduce your holdings of high-risk Meme positions and turn to projects with fundamentals and actual ecological progress - such as mainstream Layer1 or RWA sectors.
The market can be frenzied, but we have to stay awake. The essence of a bull market is not to rise every day, but to live for a long time. If you're still chasing the skyrocketing meme coins, it's too late to adjust your strategy.
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BrokenDAO
· 12-10 05:32
I've heard this saying too many times. The whale is inverted, retail investors are weak, and the drumming is passed on - the mechanism design itself encourages this. The governance inertia of meme coins is zero, as long as the incentive is distorted, the funds will follow the trend, and there is no balance of rights and interests at all. The question is, who can live longer on the emotional wave?
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GasGuzzler
· 12-10 05:30
I'm tired of seeing the giant whale reversing the position, and retail investors are taking over again, a typical drumming and passing flowers.
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A 45% increase sounds cool, but isn't it really guilty to smash so much?
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Meme coins are like this, there are no fundamentals purely based on emotions, and sooner or later they will have to pull back.
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Interest rate cuts have not come, liquidity is like this, and I have no brains to dare to chase higher.
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For those who are still chasing PIPPIN, it is recommended to take a look at RWA and Layer1, and don't always bet on doubling Meme coins.
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It can be seen from the on-chain data overnight, large investors are running, retail investors are still in their dreams, I don't play this game.
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The market value is 3.3 to 2.5, this kind of roller coaster really can't stand it, or find something with real application.
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The bull market lives for a long time to win, not chasing the daily limit, this wave I choose to retreat.
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UncleWhale
· 12-10 05:29
The giant whale collapsed to create an illusion, and retail investors still followed the trend? Laugh to death, this is the end of drumming and passing flowers.
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SolidityNewbie
· 12-10 05:24
It's the drama of the giant whale dumping goods again, and retail investors are still stupidly waiting to take over
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CryptoTherapist
· 12-10 05:16
ngl the whale rotation thesis here is giving classic market anxiety syndrome energy... let me ask you—when did you first feel the urge to chase this pump? that's your emotional volatility index talking, fr fr
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GateUser-4dfcc0f1
· 12-10 05:14
Stay strong and HODL💎
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just_another_fish
· 12-10 05:08
This wave is indeed like beating drums and passing flowers, and the whale takes over after the retail investors dump the goods, which is too familiar.
The giant whale is playing, and we are accompanying it. Instead of chasing these emotional coins, it is better to lay out something with fundamentals.
Meme coins are like this, it's time to run after the climax, don't wait for the market to smash.
The macro has not improved, liquidity is still the same, why is it still rising, and we will not know until the main force withdraws.
I also reduced my holdings a little, it's better to be safe, explosive gains are often traps.
Just saw that PIPPIN's market value instantly rushed to 330 million and smashed back to 250 million, and rose 45.87% in 24 hours. Is this trend really healthy?
After flipping through the on-chain data overnight, I found a problem: most of the pull-ups were caused by a small number of whales inverting positions, creating the illusion of liquidity. Retail investors follow the trend? It is already obviously weak. The Solana ecosystem has indeed been popular during this period, but meme coins - with no practical use cases and purely driven by emotions, what does it often mean to suddenly explode? A signal of a phased peak.
Let's look at the macro side: the Fed's interest rate cut expectations have been delayed, and market liquidity has not really improved. To put it bluntly, this wave of hype is just a wave of stock funds spinning in several popular narratives, beating drums and spreading flowers.
The real opportunity is not chasing highs. At this position, it is recommended to gradually reduce your holdings of high-risk Meme positions and turn to projects with fundamentals and actual ecological progress - such as mainstream Layer1 or RWA sectors.
The market can be frenzied, but we have to stay awake. The essence of a bull market is not to rise every day, but to live for a long time. If you're still chasing the skyrocketing meme coins, it's too late to adjust your strategy.
Steady and don't be led by emotions.