Six years in the crypto world, I’ve seen too many schemes to cut the leeks. The most basic rule of the game is: large funds never reveal their cards, and core positions are never exposed. But recently, I saw a trader claiming 8 years of experience operating in a highly liquidity-concentrated meme coin, and he actually defied common sense—publicly showing a position of over ten million dollars, and after losing 5 million, still adding margin? This move, not only incomprehensible to veteran players, is even more absurd to newcomers.

The rules for altcoins are completely different from mainstream coins. $100,000 is already considered a heavy position, and exceeding a million dollars requires concealed positioning and phased entry and exit. But this guy not only openly displays his holdings but also stubbornly holds onto his losses. Logically, this either creates hype to attract follow-on investors or serves some other purpose—it's definitely not normal investment behavior.

Looking at the structure of this meme coin itself—26 wallets control 44% of the circulating supply. What does such an extremely uneven distribution imply? Liquidity can be fully manipulated, and the market is essentially a battlefield among whales. The coin’s monthly high has reached 1240%, and in such an environment of extreme volatility, ordinary retail investors participating is no different from walking into a slaughterhouse.

The truth in the crypto world is always "making big money quietly." Those brazen large transactions and flaunting of positions are often carefully designed traps for retail investors. Derivatives trading is even more dangerous—both long and short positions are easily wiped out. If you insist on participating in such projects, cautious small-scale testing in spot trading is the bottom line. Don’t go all-in just because of short-term gains. Protect your principal a thousand times more than chasing quick riches.