$LA has really blown me away.

Recently, I don’t know why, it feels like I’ve found magic? The more money I lose, the more I want to take a big risk. Last time I shorted at 0.7, $WCT , it rose to 1.36. During this time, I kept adding margin and increasing my position, feeling anxious, tossing and turning, unable to sleep all night. With my liquidation price at 1.7 still a little distance away, I finally couldn’t hold back and cut my losses at the high point. This trade cost me half of my spare money.

Then I started looking for opportunities to get back what I lost, so I set my sights on $LA. This project seems very sketchy (literally speaking), previously doing ZK, then doing AI, feeling like an influencer jumping on trends everywhere, raising 17.2 million is not much; plus it’s only listed on Binance Alpha, which indicates a lack of strength.

So, after making a small profit before, I felt more confident after reading the project introduction, and I decided to put all my remaining spare money into shorting $LA, especially with the pre-market price of 0.1 making me feel like victory was assured.

When Binance Alpha's latest issue offered 160 $LA, I admit I started to panic. How could the pre-market price be 0.1? Did they really expect the price to go to 0.625 based on a budget of 100u?

At that time, the whales market had a buy order at 0.18 that could have allowed me to stop loss, but I didn’t believe the price could go that high. Besides, LayerEdge only issued 30u before, right? This indicates that the price on Binance Alpha can sometimes be off.

But this time I was wrong. I didn’t buy in to stop loss at the low of 0.17; I was still hoping for it to drop even lower. I didn’t expect that this volatile coin $LA had already started its upward journey without looking back, and I lost all my trading principal.

So, perhaps for the current market, the pricing power of Binance Alpha has already surpassed that of the pre-market pricing.

The pre-market price, under the official guidance of Binance Alpha, no longer has reference significance; it’s like the FTSE China Index relative to A-shares, where the rise and fall of A-shares won’t be decided by an index that trades only a few billion every day in Singapore.