The day it dropped to one dollar, I saw a post on Moments.

A crypto blogger posted a nine-grid chart, all RAVE candlestick screenshots. From $28 to $1, each chart had words on it. The one at $28 said "Web3 music revolution, starting with a billion-dollar market cap," the $10 chart said "Shakeout completed, main upward wave imminent," the $3 chart said "Whale's cost line, an iron bottom without doubt," and the $1 chart only had two words: "Ran."

I clicked in to see his posts from a few days ago. When it was at $10, he was calling the shots, saying this was the next hundred-bagger coin, and he went all in. The comments below were full of admiration—some called him a teacher, some said they followed him. When it hit $3, he said to add to his position, buy more as it fell, spread out the cost, and when it rebounded, he’d break even. When it reached $1, he said nothing, only posted that Moments update, just two words.

I scrolled back to look at that "Ran," liked the post. Not out of mockery, but because I really felt those two words carried weight. Admitting he was wrong, admitting that line wouldn’t turn back, admitting all his previous analysis, confidence, and all-in bets were just self-deception. Then he typed those two words, sent it out, and let everyone see. That’s much harder than holding a position.

In his comment section, some people scolded him, saying, "What do we do if you ran?" They said he was a pump-and-dump operator, a shill for the whales, a chopper of retail investors’ gains. He didn’t reply. I guess he uninstalled the app.