I stared at the on-chain hot search data and found that the price of $BASED was still oscillating around 0.1152, $BTC surged to $67769, and even $PENGU skyrocketed to 0.00651. These three coins were all pushed to the hot search by the brainless FOMO emotions of retail investors, but when I saw this momentum, I felt chills down my spine.
Especially $BASED and $PENGU, as these projects were frantically pursued by retail investors, I flipped through the on-chain large holder address funding distribution paths and found that many of the really sharp smart money had quietly completed profit locking, their holding costs were far lower than the current price. This is not a new round of explosion at all; it is a typical situation where high popularity is used to feed retail investors, smart money sells at high positions, using the enthusiasm of retail investors as their liquidity exit. At such times, jumping in is simply being proactive in becoming a bag holder, with a high probability of losing everything. Although $BTC has a large market cap, don't be blind; when the whole market is shouting to jump in, it is often a prelude to a wash or slight correction. At this moment of universal FOMO, the best thing to do is to remain calm and observe, rather than diving in headfirst to lift others up. Don't enter!
