I don’t know whether he genuinely doesn’t understand or is just pretending not to understand on-chain. I more tend to think he’s only finding it interesting, because from that coin’s holdings you can tell the increase is completely driven by emotions, and the bottom chips have been continuously selling. Back then, at the previous high, I also said that coin was basically done—while the bottom kept selling. In fact, you should be asking more about why someone is buying at such a crazy high while staying calm.