Just saw a bunch of “whales bought/sold,” and then someone rushed in to copy their trades—I’ve been tempted too… But honestly, you don’t even know whether they’re building a position, or on the other side opening a short to hedge and mess around. What looks like buying on-chain might just be moving positions around, and using it to lure you so you’ll pass the baton and keep going.



My current rough method: first check whether there are reverse positions before and after, whether they’ve exchanged back into stablecoins in large amounts, and preferably wait for one or two more transactions to confirm—otherwise you’re just getting led by their “movement.” Especially recently with that testnet points setup: everyone’s gambling on whether the mainnet will issue tokens, and the whales also love to come and go to show up. Anyway, my position is like a cat—I’ll sniff in for a bite and then leave… Yeah, save the screenshot first.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned