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 14:26:56
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.

You may also like

Morning Report | Strategy sold 32 BTC and over 800,000 shares of MSTR last week; Binance officially announced its U.S. stock trading portal; Polymarket reached an exclusive partnership with OneFootball

Overview of Important Market Events on June 1st

Zhou Hang: How much is SpaceX really worth?

Great companies do not equal good stocks: A deep analysis of why SpaceX's $1.75 trillion IPO valuation may contain a $1.25 trillion bubble, and retail investors should avoid blindly chasing "story premiums."

IOSG: From Coinbase to Upbit: How a Token Completes a 28-Day Journey of Taking Over

The IOSG report indicates that by 2026, the listing of tokens on first-tier exchanges has formed a highly structured path where Coinbase and ByBit are responsible for initial discovery, Binance quickly verifies and confirms, and Korean exchanges provide liquidity at the end.

Exclusive Interview with Alpaca CEO: What is the background of the US stock underlying service provider behind Binance and Bitget?

Binance and Bitget's underlying service provider in the US stock market, Alpaca, has entered the unicorn club with its "AWS of Finance" model, currently holding 94% of the tokenized US stock market share and is accelerating the transformation of global on-chain financial infrastructure.

Variant: Three types of L1 assets are highly likely to become the main means of value storage

The basic judgment factors include: technical durability, resistance to censorship, scarcity, economic productivity, etc.

Does the performance on Perp DEX become an "invisible threshold" and "amplifier" for new coins to go live on CEX?

The liquidity migration of the new currency in 2026 from the perspective of open interest (OI) and asset labels.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com