The process of gaming can be tortuous, but the result must be a win-win.

Early in the morning, I saw everyone talking about the 1800B pledge, and the blogger mentioned more about opportunity costs. It is speculated that the pledge sharing was likely breached, but it didn't lead to a rug pull of the principal.

"The money of the gentry is returned in full, while the common people get a 30/70 split."

That's right, it's the same on-chain. Many projects initially agree/sign certain agreements with large holders to guarantee their TVL, such as the $merlin mentioned in the blogger's comment section. The blogger described it with the phrase "merlin is an unattainable dream; there are no better projects for retail investors than him," which is self-evident.

As mentioned at the beginning, the process can be tortuous, but the result must be a win-win. The blogger pointed out that if the project party does not respond within a day, they will expose more information and more stakeholders. This tactic harms both sides, as it's likely a last resort; otherwise, they wouldn't resort to such a strategy.

What if the project party compromises? Then all the retail investors who are currently waving flags for it will have to pick up their noses that fell to the ground (clowns). On the contrary, if the project party does not compromise and insists on holding out, exposing more related parties and information will inevitably affect the project's next steps and listing. In other words, no matter how the situation is ultimately resolved, the party that suffers the most is the project party.

If the project party resolves this issue, then retail investors will face another giant whale dumping, becoming the next buyer. If it is not resolved, the project party loses credibility, which means there is a bigger scandal behind it, exposing more related parties. The project's progress will certainly be hindered, but in this case, the probability of retail investors getting hurt decreases.

At this point, the project party is successfully caught in the fire~ Here, I quote a saying from Dong Qing: "When the gun fires, there are no winners." But this is only for the project party and large holders; at least now, when the gun fires, the industry and retail investors are winning. #比特币生态 #比特币走势分析