<Entering the On-Chain Whales: A Seller's Perspective> Part Four Why do some people always lose in the market, while others always win? ✄ Dark operations/wash trading/flush out strategy You are keeping up with the times, and so are the whales Want to see through this strategy? Today, I will take you through each step Let's dive in 🧵

The difference between traditional stocks and on-chain meme speculative funds (regular army vs. unconventional methods) ✄ Going out to hunt only because of hunger, it depends on strength and luck. Even with strength, if you don't encounter prey, you'll still be hungry; with luck, if you can't catch prey, you'll also be hungry. "Shaking out" is an authentic Chinese financial term, generally referred to in English as shake out or flush out the weak, which means clearing out the weak hands. Although the expressions differ, the general meaning is the same. In the traditional stock market, there are quite a few official channels to obtain "chips," such as early investment/IPO purchase/secondary market purchase/various mergers and acquisitions/cross-shareholding, etc. These chips have fixed costs, with costs revolving around the project's valuation at different stages or actual value. The means of manipulating the market are nothing more than these few: 1. Pump and dump 拉/砸 2. Whale manipulation (whale control/high chip speculative funds) 3. Wash trading (creating fake trading volume)

Through repeated large fluctuations, flush out the weak, wash out the weak hands, and then create patterns that align with the interests of the market makers (the chart above was actually outdated long ago) Initial supply + market sentiment is pulled to a position deemed suitable by market makers/speculators, start reducing holdings, begin reducing within the framework, create shake out gaps, while raising support and using grid trading to offload the goods, and at the right time, dump it onto retail investors.

Another scenario is when the channel rises or fluctuates upwards, the resistance level breaks through and then suddenly drops. You might think it's a head and shoulders pattern, but it immediately morphs into a channel rise, which is a variant of the flush out pattern. Many people advocate for technical analysis (TA). For large cycles and high market cap targets, the buying and selling of these chips are extremely intense, which means no single entity can control the market. Therefore, TA's technical analysis (i.e., candlestick charts) is the ultimate summary of all capital games. So, your daily TA analysis is effective for BTC, but it does not apply to high control rate/solo speculative markets.

✄ Let me give a few examples of 'rough' trading techniques $1 is a few pure meme coins that emerged after the AI agent hype. This trader's technique is very simple and crude, involving a leader + caller + large multiple purchases.

The main pump time for the first segment is at 4 AM on November 26, 2024. The specific method involves a foreign mid-tier caller + coordinating with several addresses for massive buying + bots pushing top KOLs Here, the focus is on his bot operations.

Starting on the 27th, mid-tier meme influencers began to notice this asset and started bringing people in spontaneously. At that time, the market cap (MC) was already over 50M, with a top potential of 100M. This process only took 3 hours. Meanwhile, a KOL on Twitter also posted around the same time when the MC was about 60M. On the evening of the 27th, at 9 PM, a sell-off began at $1. By the 28th, Dayu tweeted about entering, and by noon, the price had already corrected to 30M. Dayu's tweet pushed the price up to 55M, and he probably made an 80% profit if he cashed out directly at that time.

The $1 market movement in the second paragraph occurred from January 19th to 20th, with a total pump cycle of 8 hours. Since the cycle is quite distant, analyzing the chips is a bit tricky, so let's simply analyze it from the perspective of sentiment and FOMO call. The background for this takeoff was right after $trump was just released, with the direct cause being the top gainer on the moonshot list. The strategy remains the same. Conspiracy pumping group + mid-tier influencers + trapped retail investors + Twitter bots (the bots all added 💵 after their names) This wave of support within my summarized timeline is all from Chinese KOLs, most of whom were FOMO called by $trump, the rest won't be analyzed. Summary: The usual tactic of this sentiment-driven speculative capital = mid-tier influencers + Twitter bots + some TG group's alpha FOMO call to complete the early price pump. The timing chosen is very good, usually one to two days after a major hot market starts, when the market's FOMO level is very high, and hot money can easily follow.

✄ Let's look at the second case $IMG This platform was launched 5 days ago, and it's relatively easier to judge with transparent and meticulous operation methods. All intermediary funds are received and sent from the address ChGA1Wbh9WN8MDiQ4ggA5PzBspS2Z6QheyaxdVo3XdW6. -> So let's start from the perspective of retail investors!

The funds of the pull plate are sent to 100+ trumpets through the secondary school address ChGA1Wbh9WN8MDiQ4ggA5PzBspS2Z6QheyaxdVo3XdW6, and the amount of the pull plate is all small (it should be the script to run) As you can see from the bubblemap, ChGA1Wbh9WN8MDiQ4ggA5PzBspS2Z6QheyaxdVo3XdW6 has a stack close to 50 (it used to be higher) Since I don't know the banker's initial stack ratio, I'll take a look at how much money he's making so far

If you pull out all SOL inflow transfer records greater than > 1 from Solscan, you can see that the actual inflow is about 960K It seems to be transferred from an address, a reasonable guess may be a program, you can also do a survey to see (7dENTXoCuroeDTVhPnHLErnkvUVxydeShcz7oqE6r3uD)

Outflow: I also created a table, and the filter selection only includes amounts greater than 1 SOL. The outflow here is approximately 339K. Roughly estimating, the net profit is around 621K. This trader still has nearly 50% of the tokens left.

Then I continued to delve into the initial SOL balance of this whale. Five days ago, his address had a balance of nearly 182 SOL. The balance of this address has been fluctuating, likely due to several reasons: 1) The intermediary address balance changes — indicating the initial SOL was distributed. 2) The intermediary address balance changes +, some smaller addresses have started cashing out and then transferring back to the intermediary address. 3) The intermediary address balance changes +, the smaller accounts didn't have enough tokens, so more tokens were transferred from elsewhere to buy in. From the retail investors' perspective, the analysis basically stops here.

✄ So what is the perspective of the market maker? My initial funds graduated from pumpfun, here I can choose to instantly sell 60-70% and let retail investors push the rest from the internal market to the external market, or I can choose to directly sell to the external market. At this point, my expenditure (could be 70% initial buy, spending 70-90 SOL, plus the 30% sold through small accounts, this part of the cost is unpredictable, depending on whether there are retail investors/robots following in the same block) can be controlled within 200 SOL. This means your chips are controlled within 200 SOL. According to what we discussed in the second part, the pull-up funds are proportional to the market cap (MC), and with 400,000-600,000 USD, achieving a 10-30x MC in a good market is easily doable. If the market is bad, then the market is bad! So according to expectations, we do a cost analysis, controlling 70% of the chips within 150 SOL, with a positive angle + good market, 300,000 USD pull-up funds + 150 SOL = nearly 10 million - 30 million market cap MC. Does the market maker need to wash/absorb chips? On-chain, it's completely unnecessary. Trapping people is key, absorbing chips doesn't exist, once this game is over, move on to the next one! Feeling a bit tired writing this, let's pause the fourth part here for now. Hope everyone can manage the market well by 2025, manage it well, and Pepper bless you all.