🔥🔥Why did Hao Ge tell fans to wait and see when the new coin just launched? The core reason is two words: selling pressure.
On one hand, the airdrop tokens from new launches and profit-seeking activities are being cashed out, and the market doesn’t have enough funds to take over, making it hard to support the current market capitalization. Compared to the overall level of recent new coins, without backing from major institutions, a market cap exceeding 100 million is basically considered overvalued, and a drop is very likely.
On the other hand, private equity and early investors have already made a significant profit, and they are thinking about cashing out as soon as it launches, even the project parties themselves may take their share — referring to past cases, many new coins just had a pump, and the project parties took the money and left, leaving retail investors facing panic from a crash, forced to sell at a loss.
At such times, rushing in is likely to make you a bag holder. It’s much more reliable to first clearly see the flow of funds and the situation of selling pressure digestion than to blindly enter the market.
