A whale sees everyone else's account as retail investors to exploit.
Retail investors see everyone else's account as competition. You got lucky riding a 100x with some coin. The limit is probably buying in with 1,000U. Then you happened to catch an ultimate rug pull scheme. 1,000U turned into 100,000U. Around 700,000 CNY. What's next? Keep gambling on these 1-to-100 shots? Odds are you'll give back that 700K and end up with just a few thousand left. Day after day, year after year, like a monkey at a gambling table.
A whale sees everyone else's account as retail investors to exploit.
Retail investors see everyone else's account as competition.
You got lucky riding a 100x with some coin.
The limit is probably buying in with 1,000U.
Then you happened to catch an ultimate rug pull scheme.
1,000U turned into 100,000U.
Around 700,000 CNY.
What's next?
Keep gambling on these 1-to-100 shots?
Odds are you'll give back that 700K and end up with just a few thousand left.
Day after day, year after year, like a monkey at a gambling table.