Trader 0xSun: "Big players" are retiring their main wallets, possibly due to the pressure of following trades and the influence of conspiracy theories in public opinion

ChainCatcher message, trader 0xSun posted an analysis, stating that an increasing number of domestic and foreign big players are choosing to "retire" their main wallets and switch to secondary accounts or new wallets. There are two main reasons for this: first, the pressure from copy trading is too high; once the main wallet buys in, various copy trading bots drive up the price, causing the expected price increase to be reached instantly, leaving no room for further operations. Selling can easily attract public criticism, and holding faces the risk of selling pressure. Second, to avoid being attacked by conspiracy theories, such as "insider information," "joint harvesting," and "secondary accounts dumping," which bring emotional burdens.

0xSun believes that while this trend can reduce trading pressure, it also weakens on-chain transparency, creating more opportunities for opportunists in the market, which may have a negative impact on the overall environment.