The "Whale Game" in the Crypto Market: Some are betting millions shorting PEPE, are you following the trend?
Recently, the crypto circle has once again staged a scene of "big fish eating small fish." On May 29, a giant whale dumped 3.37 million USD of the stablecoin USDC onto the trading platform and added 3x leverage to short PEPE. This move is like betting all chips on a "decline"; if they win, they can earn three times, but if they lose, they might lose everything.
It is worth mentioning that this big player has a history—having just made 760,000 USD on Bitcoin, they turned around to short PEPE. More dramatically, not long ago, Trump posted an image featuring PEPE on his platform, which surprisingly spiked the coin's price, only to be followed by a large sell-off. Doesn't this scene resemble the saying in the stock market, "Good news is often followed by bad news"?
This situation reveals three key points: First, the crypto market has long been a hunting ground for institutions and large players; retail investors chasing hot trends are like swimming in a crocodile pool; Second, leveraged trading is a double-edged sword; 3x leverage means a fluctuation of over 33% could lead to liquidation; Third, meme coins and similar air coins rely entirely on emotional speculation; even a picture from Trump can send prices on a roller coaster, which ordinary investors simply cannot afford.
Ultimately, the crypto market has never been an ATM but a battleground where large funds hunt retail investors. Upon seeing such news, what we small retail investors should do is not follow the trend blindly but weigh whether we have the capability to be a whale. After all, in the financial world, surviving longer is more important than earning fiercely.
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