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Looking at the recent decline of $KAITO, the rebound strength is limited, and it's mostly a game of short sellers stopping losses behind the scenes.
Honestly, I really can't understand the fundamental logic of this project right now. The market previously gave it an unreasonable overvaluation, and the current adjustment process is just moving towards a "reasonable range." Whether from the perspective of chip distribution or the project's attitude, there is no obvious intention to pump the price—everyone knows well that continuing to sell off is the main theme at the moment.
The pressure from external market chips is indeed significant, and the project team seems to have no interest in giving retail investors a "ride." Under this situation, all we can do is sigh. The harsh reality of the market is that overvaluation ultimately comes at a cost.
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The project team doesn't even want to save it, why should we hold on
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Another high-valuation crash scene, it's hard to watch
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With such heavy chip pressure, still expecting a rise, it's a pipe dream
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Basically, it's just the market makers dumping, nothing new
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Coins with unclear fundamentals, I'm really scared now
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Reasonable range? I'm afraid it might drop again
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Projects with no one to support the price, better to exit early
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Retail investors can't catch the train, so let's just watch the show
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Is there still someone buying at this price? Truly brave
I really can't understand why anyone would buy in; there's no fundamentals to speak of.
The project team has already given up, so what are you still waiting for? Just accept the loss, everyone.
How come I just can't understand? Honestly, it's just the whales dumping their holdings.
High valuation should be dumped. Now it's our retail investors' turn to take the bait.
This rebound is really pointless. Keep falling; I'm waiting to buy the dip.
$KAITO is no longer wanted; all the chips are being sold off. What fundamentals are there to talk about?
High-valuation assets will have to settle their debts sooner or later, it's just annoying to watch.
Project teams don't even want to rescue the market anymore, what are retail investors still hoping for?
Keep throwing money in, anyway, we're all used to it.
If you don't understand the logic of this thing, to put it simply, it's a game for bagholders.
The project team never intended to attract investors, and retail investors are still dreaming.
To put it simply, high valuation means getting hammered; that's the game rules.