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.
You may also like

Coin Ownership or Equity Ownership? The Real Question Is Being Asked Wrong

Dissecting Polymarket's Top 10 Whales' 27,000 Transactions: The Smart Money Mirage and the Law of Survival

Hong Kong Virtual Asset Trading Platform New Regulations (Part 2): New Circular Issued, Has the Boundary of Virtual Asset Business Been Redefined?

Hong Kong Sets Sights on 2026 Legislation for Virtual Asset Regulation
Key Takeaways Hong Kong is poised to introduce legislation in 2026 targeting virtual asset dealers and custodians. The…

Hong Kong Moves Forward with Licensing Regimes for Virtual Asset Dealers and Custodians
Key Takeaways Hong Kong’s FSTB and SFC are implementing new licensing requirements for virtual asset dealers and custodians…

Japan’s new crypto tax could wake ‘sleeping giant’ of retail investors
Key Takeaways Japan’s planned reduction in taxes on cryptocurrencies could trigger significant growth in retail investor participation within…

Crypto Whale Eyeing Acquisition of Juventus: The Battle Between European New Money and Old Money

Huobi HTX Officially Approved for Exchange Platform License Registration

Japan’s New Crypto Tax: A Potential Catalyst for Retail Investment Boom
Key Takeaways: Japan’s proposed tax reduction on crypto assets from 55% to 20% is expected to drive a…

US-Japan Policy Divergence: Japan's 80% Interest Rate Hike Implemented, Global Market Fund Flows Shifted?

Deep Dive into HashKey's IPO Prospectus: Why Thinking Outside the Box is the Key to Understanding the Strategic Value Behind

Mike Selig’s Pathway to Leading the U.S. Commodity Futures Trading Commission
Key Takeaways Mike Selig, previously a key figure at the SEC, is nearing confirmation as the next chairman…

Navigating Financial Bubbles: From Wealth Disparities to Economic Consequences
Key Takeaways Financial bubbles are fostered by the expanded wealth-gaps and are further propelled by excessive credit. The…

Binance Co-Founder CZ Denies Allegations of “Pay-to-Play” Trump Pardon
Key Takeaways: An attorney for Binance co-founder CZ, Teresa Goody Guillén, denies allegations of a “pay-to-play” process for…

US Crypto Regulation Shake-Up: CFTC to Potentially Take Over Spot Market

Coinbase Anti-Money Laundering Reform Proposal: Balancing Innovation and Compliance

Emotional Rollercoaster Phase: Cryptocurrency Market Gold Rush Guide

Republican Senator Sounds Alarm on Impending Deadline for US Crypto Legislation
Key Takeaways Senator Thom Tillis highlights a narrow window for Congress to pass crypto bills before the 2026…
Coin Ownership or Equity Ownership? The Real Question Is Being Asked Wrong
Dissecting Polymarket's Top 10 Whales' 27,000 Transactions: The Smart Money Mirage and the Law of Survival
Hong Kong Virtual Asset Trading Platform New Regulations (Part 2): New Circular Issued, Has the Boundary of Virtual Asset Business Been Redefined?
Hong Kong Sets Sights on 2026 Legislation for Virtual Asset Regulation
Key Takeaways Hong Kong is poised to introduce legislation in 2026 targeting virtual asset dealers and custodians. The…
Hong Kong Moves Forward with Licensing Regimes for Virtual Asset Dealers and Custodians
Key Takeaways Hong Kong’s FSTB and SFC are implementing new licensing requirements for virtual asset dealers and custodians…
Japan’s new crypto tax could wake ‘sleeping giant’ of retail investors
Key Takeaways Japan’s planned reduction in taxes on cryptocurrencies could trigger significant growth in retail investor participation within…