The Craze of Public Fundraising on the SOL Chain

The public fundraising on the SOL chain is very crazy. Yesterday POGAI raised 20,000 SOL in 2 hours, triggering other local dog projects to imitate. People from all walks of life are out to harvest leeks again. The crazier the situation, the more calm you have to be.

Often when the market for copycats/local dogs is crazy, it usually announces that the market is coming to an end. The simplest logic is that retail investors give their precious chips to the project team in exchange for piles of garbage, and PVP inside, and the project team gets these high-quality chips. Do you think they will continue to buy? Not to mention selling, the best situation is to hold on. These projects are here to start a business, not to mention - some local dog projects themselves have no cost. When there is money to be made, Definitely putting money in your own pocket.

So when you exchange high-quality chips for some junk, these entrepreneurial projects will sell your high-quality chips for real money. This not only does not increase new buying funds for the secondary market, but also increases There was a lot of selling pressure.

Therefore, often when the market enters this stage, the market trend may come to an end. It won't necessarily happen in the short term, but caution is necessary here.

热点： CHAIN SOL THE