In these situations, if it were me, I probably would have run away too!
However, when I was deeply involved with popular tokens and couldn't make any money, I left.
But I guess the following is the mindset of the harvesters:
1) Created a pool with a massive amount of $ZKJ and $KOGE;
2) The efficiency of the automatic pool creation script is particularly high, and during high trading volumes, it can still make money even if it frequently goes out of range;
3) However, recently public opinion has been saying that creating pools is just contributing liquidity;
4) Alpha's trading volume has declined for seven consecutive days, dropping over 50% compared to its peak (overall);
5) On June 19, 1.55% of ZKJ's tokens were unlocked;
Logically speaking, besides the capable technical personnel/scientists, there aren't many people left who will be harvested this time (there should still be some earlier participants who just laid flat after going out of range).
Because, for creating pools on ZKJ and KOGE, ordinary users have long lost profit and have no need to create pools at all.
Buying spot and adding liquidity are essentially both bullish; one holds tokens without returns, while the other holds tokens with returns; both will lose money if they fall.
Adding liquidity is not a neutral strategy; it is an expected game of chance. If you are optimistic about the project, then buy spot and create a pool. If you are not optimistic about the project, then short, buy spot, and create a pool.
It was very popular before: as long as you buy enough, the project will give it to you.
Now it is very popular: as long as you add enough liquidity, the project will give it to you.
So, public opinion is also quite scary; everyone is saying it's going to collapse, it's going to collapse; it's better to leave, or it might really collapse.
DeFi Enthusiast: BitHappy