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0xSun: The "Whale" is exiting en masse from the primary wallet, possibly due to following the market trend pressure and the influence of public opinion conspiracy theories.
BlockBeats News, July 9th, Smart Money, and crypto KOL 0xsun.sol (@0xSunNFT) stated that more and more domestic and foreign whales are choosing to "retire" their main wallets and switch to smaller wallets or new wallets. It is speculated that there are two main reasons for this: first, due to significant pressure from copy-trading, once the main wallet makes a purchase, various copy-trading bots will quickly drive up the price, causing the purchase to reach the expected price increase instantly. Subsequently, there is no room for further action. Selling will easily attract public criticism, and holding will face selling pressure. Second, to avoid being attacked by conspiracy theories, such as emotional burdens brought by unfounded speculations such as "insider information," "rug pull," and "dumping from a smaller wallet."
0xSun believes that although this trend can reduce manipulation pressure, it also weakens on-chain transparency, providing more room for market manipulation, which may have a negative impact on the overall environment.
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