Brothers, today WLD's surge has even burned my CPU! Everyone in the group is shouting about the iris scan wealth code, but as an old investor who has been cut by AI coins three times, I must expose the underlying truth of this market. You think you are speculating on the future, while the whales are counting your principal.
The truth behind the surge: a series of tricks by the whales + retail investors collectively getting high.
This morning WLD suddenly broke through $8.2, and a bunch of people shouted 'the bull is back' while I looked at the trading volume, which surged by 300% in 3 minutes. This is clearly a self-directed performance by the whales! A fan came to me saying 'Dragon brother, I went all in at $8.5!' I directly replied: 'Brother, the whales' cost of pushing the price is only $4.5.'
All the talk about adding iris scan devices in 5 countries and reaching 8 million users is just smoke and mirrors! I checked the on-chain data and the actual daily active users are only 180,000, with 90% being those who sell off their coins right after claiming them. It's like you bought Evergrande football, only for Xu Jiayin to tell you the team is going public!
As soon as Nvidia's earnings report is good, all AI-related coins come back to life, and WLD takes the opportunity to jump along. But if you look closely at their website, their AI is just at an Excel spreadsheet level, comparing it to ChatGPT is like comparing a pager to an iPhone.
Old Wang bottomed out WLD at $7; when it rose to $8.5 yesterday, he mortgaged his house to increase his position, even sending me a red envelope to show off: 'This time it will definitely double!' This afternoon, WLD suddenly plunged to $7.3, and Old Wang got liquidated. Now he is live-streaming drinking beer on the rooftop. All coins that rely on news to pump up, the more they rise, the more ruthless the cuts! Those KOLs shouting about iris scans changing the world have already swapped their WLD for USDT.
Three types of people will definitely die tonight.
The mindless trend-chasers see a breakout at $8 and go all in; the whales love to hunt such inexperienced investors.
Believers really think iris scans can dominate Web3, what's the difference from believing Jia Yueting will return to the country next week?
Leverage gamblers play contracts with over 5x, if you get liquidated don't blame me for not warning you.