Trader 0xSun: "Big Shots" are retiring their main wallets, possibly due to copy trading pressure and public opinion conspiracy theories affecting operations

Trader 0xSun published an analysis stating that more and more major domestic and international traders are choosing to "retire" their main wallets and switch to smaller or new wallets, mainly for two reasons: First, the pressure from copy trading is too great. Once the main wallet buys in, the price is driven up by various copy trading bots, causing the expected increase to be reached the moment of purchase, leaving no room for subsequent operations. Selling is easily criticized by public opinion, while holding faces selling pressure. Second, to avoid being attacked by conspiracy theories, such as the emotional burden brought about by false speculations such as "insider information," "joint harvesting," and "small account selling." 0xSun believes that although this trend can reduce the pressure of trading, it also weakens on-chain transparency, bringing more opportunities for muddying the waters to the market, which may have a negative impact on the overall environment. [ChainCatcher]