Yesterday, many people were emotionally charged, saying they received little from the airdrop and were 'cursed by the witch.' I completely understand everyone's feelings. But there is a core logic that everyone must clarify: Witch airdrop ≠ No hope for secondary market rally
What we often refer to as 'fur pulling,' Meme, secondary market trends, and fair launches are actually different narrative paths and different funding logics.
If a fur pulling airdrop has been 'cursed by the witch,' it will naturally lead many people to short as soon as the market opens, not having high hopes for the project. At this point, the project team may actually be motivated to rally, because the market's expectations have already been downgraded. Once there is a significant drop, they have the opportunity to create a rebound.
But please note the key point: The secondary market rally looks at the chip structure and the project team's capital mobilization ability, rather than how much each person has pulled.
This airdrop itself was not large, and it is clear that the project team still has ammunition. Therefore, the trend of the secondary market is actually not much related to whether there is a witch or not.
Some major fur pullers I know sell as soon as the market opens and never participate in the secondary market. What can run in the secondary market is a different set of strategies, governed by a different group of capital.