As time enters 2025, there are only two types of KOLs still active in the crypto market: one type earns profits or incurs losses through contract trading in a volatile market; the other type flexibly adjusts their positions based on the ever-changing market trends, engaging in whatever is hot. Crypto KOL Chuan Mu previously demonstrated his contract trading ability through activities like the 500U real account challenge, and in recent months, he has attracted considerable market attention again with waves of trading operations in crypto concept stocks.

Despite some market skepticism about his 'using fans as exit liquidity', the timing of his entries and exits in publicly available crypto concept stock operations still holds certain reference value. Odaily Planet Daily will briefly analyze the three major investment targets mentioned and traded by Chuan Mu in recent months: Circle (CRCL), Guotai Junan International, and SBET as case studies for readers' reference.

Chuan Mu's SBET operation review: from refusing entry to profit exit.

On May 27, Sharplink Gaming officially announced financing for ETH reserve establishment, subsequently, SBET once surged over $100. As a keen trader, Chuan Mu immediately paid attention to this stock and thus experienced a rather tumultuous trading journey.

The ups and downs of 'four advances': from missing the opportunity to profiting over $1 million.

On May 28, Chuan Mu posted: 'This SBET cannot be bought, it has a private placement of 69.1 million shares, the market value will change from 30 million to over 3 billion dollars on the 29th.... Many people are confused.' In his words, he seemed quite wary of 'Sharplink Gaming raising its market value through a stock issuance', but soon, he changed his mind and decisively entered the 'ETH version of Strategy' and other crypto concept stock markets.

On June 11, around 10 PM, as Sharplink completed a $425 million financing and gradually purchased ETH, SBET's stock price gradually stabilized, and Chuan Mu no longer hesitated, buying 10,000 shares of SBET that day at an average price of around $39.5. Notably, he also bought 20,000 shares of dfdv at an average price of $27.3 and 20,000 shares of qubt at an average price of $19.1; additionally, he sold 15,000 shares of CRCL at an average price of $113.


My published buy records.

Just an hour and a half later, he quickly sold part of his position: selling 9,000 shares of SBET at an average price of $44.5, making a profit of $45,540 on that single transaction.

Chuan Mu's sell record.

On June 13, SBET fell over 60% after hours, and Chuan Mu, somewhat exasperated, posted: 'There are really not many good people in the coin circle project parties, the more pure the coin circle project, the more TN danger there is. SBET fell 60% directly after hours. These scum are doing xx with ETH's micro strategy. Also, NM ETH's co-founder, what a mess, pulling a bunch of crypto institutional investors. They're all scum.'

On June 17, Chuan Mu commented in a certain blogger's comment area that SBET might be participated in by Primitive Capital's founder Dovey (Wan Hui), and he dared not touch it again.

However, soon after, as Sharplink continued to buy ETH, it once soared to become the listed company with the largest ETH holdings, and the market responded promptly —

On July 9, as the price of SBET recovered to around $15.35, with a 24-hour increase of over 21%, Chuan Mu posted: 'Today I thought of something interesting, I was too prejudiced before. ETH's micro strategy may have financing advantages over BTC because the ETH obtained from staking can pay interest. Continuous financing that can support higher interest rates is not afraid of paying interest. SBET could have a huge imagination, I was prejudiced before.' He then stated that he entered SBET again at an average price of $15.3; subsequently, he again bought 40,000 shares of SBET at an average price of $17.1.

On July 10, he posted that he had sold 50,000 shares of SBET at an average price of $18.6, retaining 100,000 shares, and declared, 'I plan to hold the rest, if SBET drops, I will buy back 50,000 shares.' On July 11, he posted again expressing optimism about SBET, stating, 'If ETH breaks $3000, SBET could very likely rise to $28 all at once.'

According to the tweet information from around 1 PM on July 11, Chuan Mu held about 154,000 shares of SBET, with an unrealized profit of about $232,000; that evening, he posted stating he had cleared out SBET at an average price of $21.5, and if calculated based on 154,000 shares, his single transaction profit was about $465,000.

Chuan Mu's holdings information on July 11.

Chuan Mu's second clearing SBET screenshot.

However, the continuously rising prices soon validated the speculation that Chuan Mu had missed the opportunity, as he bought 100,000 shares of SBET again at an average price of $23.8 on July 14. On July 15, this transaction had an unrealized profit of about $100,000, and ultimately, he cleared out SBET for the third time at an average price of $25.75, making a profit of approximately $195,000.

However, he soon faced another 'regret moment' — on July 16, he once again bought 130,000 shares of SBET at around $28.3. Soon, on July 17, SBET pre-market rose close to $44, Chuan Mu posted that it was 'crazy', and at the same time, perhaps began his own repositioning — shifting from SBET to BTCS.

Of course, after Sharplink Gaming released the news of planned financing of $5 billion to continue increasing its ETH holdings, SBET remains one of the market's focal points. Chuan Mu's most recent analysis of SBET was a tweet on July 20, where he suggested, 'The most conservative estimate for SBET is that after the $5 billion issuance, its market value aligns with its ETH holdings 1/1, (which would make its stock price) approximately $13. If better, give it a 1.5x, which means it could drop to $19.4. Optimistically, give it a 2x, which means it drops to $25; then, due to continuous buying of ETH, it will rise again.'

Thus, based solely on public information, conservatively estimated, Chuan Mu's earnings from a single stock of SBET are above $800,000 to $1 million.

Chuan Mu's Guotai Junan operation review: bought 4 million shares, made 3 million Hong Kong dollars in 2 days.

On June 24, Guotai Junan International was approved for a license upgrade to provide trading services for virtual assets, and the next day, Chuan Mu bravely made a move, executing a textbook 'top escape' operation. It must be said that in this case, Chuan Mu accurately grasped the 'market sentiment trading rules', even though it does not have much regularity or reproducible value, it can still serve as a trading case study.

Quick battle and quick decision in Hong Kong stock trading: took only 2 days.

On June 25, Chuan Mu bought 4 million shares of Guotai Junan International (01788.HK) in two batches, at an average price of HKD 2.45.

Chuan Mu's post screenshot.

Driven by market sentiment, Guotai Junan International (01788.HK) saw its price rise, and Chuan Mu sold 3 million shares at HKD 3, retaining 1 million shares. According to his post, this single transaction alone made a profit of approximately HKD 2.5 million.

Chuan Mu's sell screenshot record.

Additionally, it is worth mentioning that as early as June 25, based on the logic of coin stock brokerage, Chuan Mu bought 40,000 shares of Robinhood (HOOD) at $84.4. Although that night the stock price dropped to around $82.1, incurring a small loss, later, as Robinhood introduced the feature of tokenized trading for US stocks, the stock price once broke $100 to reach a new high. It is unknown whether Chuan Mu still held this stock at that time.

In the end, according to his post, the profit from Guotai Junan International's single stock was approximately 3 million Hong Kong dollars.

Chuan Mu's CRCL operation review: 6 trades net over a million dollars.

In early June, Circle (CRCL), carrying the concept of the 'first stablecoin stock', made a strong debut in the US stock market, completing a terrifying surge from around $30 to nearly $300 in just over a dozen days. During this process, Chuan Mu also navigated the US stock market with his bold and meticulous operations, earning millions of dollars in profits.

First trade: Profited nearly $800,000.

On June 6, Chuan Mu tearfully chased high, buying 30,000 shares of CRCL at an average price of $98; eventually, on the early morning of June 7, he successfully sold 27,000 shares at $119, making a profit of about $700,000.

Chuan Mu's sell record screenshot.

Just 2 hours later, Chuan Mu bought back 20,000 shares of CRCL at an average price of $113.6, and sold 18,000 shares at an average price of $118 on June 9, making a profit of about $80,000, while still holding about 10,000 shares of CRCL. On that day, CRCL surged nearly 30%, with its stock price soaring to around $128.

Second trade: 30,000 shares of CRCL, profit exceeding $160,000.

On June 9, Chuan Mu once again bought 30,000 shares of CRCL at an average price of $111.

On June 10, in the morning, he sold 14,000 shares at an average price of $118; in the afternoon, as the CRCL price broke through to $119, he sold another 10,000 shares at $118, leaving about 6,000 shares.

Chuan Mu's second sell transaction screenshot.

Thus, from the second trade, Chuan Mu's cumulative profit was about $168,000.

Third trade: Profit of nearly $350,000.

At 9 PM on June 10, Chuan Mu bought another 30,000 shares of CRCL at an average price of $108. On June 11, he reduced his holdings by 15,000 shares of CRCL at $113 (as mentioned earlier), making a single profit of about $75,000.

On June 11, he posted that he still held 25,000 shares of CRCL, calculating that at the then price of $118, his cumulative unrealized profit was about $405,000.

Chuan Mu's unrealized profit screenshot.

On June 16, Chuan Mu's holdings of CRCL increased again to 30,000 shares, and his average holding price also rose to around $133.5, at which point his unrealized profit was about $208,000.

Chuan Mu's unrealized profit screenshot.

On that day, he sold 20,000 shares at an average price of $142, initially estimating a profit of nearly $170,000; the last 10,000 shares were sold at an average price of $143.5, yielding a profit of about $100,000.

Fourth trade: Profit of about $90,000.

On June 18, Chuan Mu posted again, stating that the wave fluctuations in CRCL were decreasing, with his holdings reducing from 40,000 shares to 18,000 shares. At that time, the price of CRCL had soared from around $140 to about $172, and Chuan Mu's position had an unrealized profit of approximately $70,000. On that day, he sold all 18,000 shares of CRCL at an average price of $173, estimating a profit of about $90,000.

Chuan Mu's sell screenshot.

Fifth trade: Due to the impact of Cathy Wood's sell-off, incurred a loss of about $15,000.

On June 25, Chuan Mu again bought 15,000 shares of CRCL at an average price of $226.5, but soon, due to the news that Cathy Wood sold $100 million worth of Circle stock, Chuan Mu cleared out at $225.5.

The intention was to bet on a market rebound, but unfortunately, due to the 'big shots dumping', he could only cut losses. In this regard, Chuan Mu's situation is remarkably similar to ours.

Chuan Mu's clearing tweet screenshot.

Sixth trade: Again profited about $270,000.

On July 15, nearly 20 days later, Chuan Mu returned, again buying 15,000 shares of CRCL at an average price of $202.

Buy screenshot.

The next day, CRCL immediately flash crashed to around $191, leaving Chuan Mu once again helplessly crying: 'Buried alive.'

However, CRCL quickly rose again to $209, and Chuan Mu came back to life. Subsequently, the price of CRCL surged over 10%, reaching around $218.

Ultimately, Chuan Mu chose to offload the last 5,000 shares of CRCL at the $220 level. This transaction is estimated to have yielded a cumulative profit of about $270,000.

Thus, after 6 transactions, with only the CRCL stock, Chuan Mu's total profit was around $1.65 million.

Conclusion: If you lack insight, you have to follow, and more importantly, you need to know when to run.

Overall, Chuan Mu's timing for buying and selling crypto concept stocks is relatively accurate. If one has a certain foundation in stock trading investment, they can also use this as a reference coordinate. As the saying goes, 'If you lack insight, you have to follow.'

However, it is worth noting that these trading KOLs sharing information and opinions face two issues: 1. Sometimes constrained by the speed of information dissemination or the lag in market sentiment response, their buying after building positions can easily turn their fans into 'receivers', especially in markets with poor liquidity; cautious participation is advised; 2. They often are also part of the 'following the crowd', such as Cathy Wood and well-known institutions, and sometimes at the end of the information flow, it is easy to lead to chasing highs and selling lows, so it is recommended to enhance one's information discernment and investment judgment capabilities, and not to blindly believe everything.

After all, most of the time, investment is a game of 'running fast'.

#山寨季來了？ #Strategy增持比特币 #币安HODLer空投ERA

$SOL $XRP $BTC