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In this round of the market, the performance of FIL and ASTER, which were once highly anticipated, indeed disappointed many people. Both tokens kept hitting new lows, especially ASTER, which suffered a lot. I heard that many big V's had heavy positions, but the price just wouldn't cooperate, stubbornly showing no signs of recovery.
Thinking about it, it makes sense. The more people are optimistic about a coin, the harder it is to see a rise. Why? Simply put, once the price really starts to go up, how much would the early big players have to invest to push it higher? So rather than being genuinely optimistic, it's more like mutual testing. The loudest calls are often the most dangerous times—just as how aggressively FIL was promoted initially, its decline was equally fierce. This has become a common script in the market.
Now, it's very difficult for everyone to unite and see a tenfold or more increase in a single wave. Information transparency has increased, participants are more rational (or more cautious), and the cost for market manipulators to pump the coin is getting higher and higher. Instead of chasing after coins that are loudly hyped, it's better to observe the actual fundamentals.