On-Chain Reproduction of the "Violent Profit Myth" 📊: A trader bought about 1.12 million SPIKE tokens with 10k USDC four hours ago, but the market's focus is on—his nearly legendary operations on MOODENG beforehand.

Review of this MOODENG trade:
He only used 8.1 SOL (about $1,072) to ambush early, buying 33.4 million tokens when the project’s market cap was only about $320k. Later, he sold in batches on a decentralized exchange and “exchange,” ultimately earning at least $3.8 million, a return of over 3,500 times 🔥.

This time, again, entering SPIKE caused the market to blow up instantly:
Some believe this is “smart money re-entering,” while others are beginning to be cautious—this seems more like a continuation of high-level liquidity games.

💡My view is very straightforward:

The positive side 👇
Such extreme success stories will continue to attract new funds to focus on on-chain early opportunities, making market liquidity more active, and smaller projects easier to “ignite.”

The risk side 👇
The same pattern also means:
👉 Early entrants take most of the profits
👉 Later follow-on funds are easily “picking up liquidity”
👉 Sentiment-driven far more than fundamentals

Especially for meme or narrative tokens, they are essentially more like “emotion accelerators,” not value investment targets, but a game of time + emotion + liquidity ⚠️

📌In one sentence:
Some are copying wealth myths on-chain, while others are providing exit liquidity for those myths.

In such a market, the key is not “seeing opportunities,” but distinguishing—are you an early participant or the last to pick up the bag.