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I heard that the old guy made some big moves in futures trading, and as a result, the transactions related to the Pippin project directly lost over 20 million U. Looking at the trends of mainstream cryptocurrencies like BTC, ETH, and BNB, it's easy to get the impulse to gamble.
But this also highlights a problem—large capital does not mean stable trading. Especially when project teams participate in trading, they are more likely to fall into the vicious cycle of chasing gains and selling at losses. The scale of a 20 million U loss clearly shows the ruthlessness of the market. Sometimes, what looks like a fierce order can turn into a deep pit in an instant.
That said, such situations are not uncommon in the crypto world. Many follow big players' operations and end up getting caught. It's important to maintain respect for the market and not be led by short-term fluctuations.