Good Games Guild (GGG)

I just asked around among Giggle's previous super holders; on average, they bought over 1M and then left after significant losses. Almost none of them are on board for this current pump.

Loyal believers sold their tokens during the downturn, and now, seeing it pump, they're afraid to buy back. They can only watch it go higher and higher. Their previous bullish logic is still being spread by current holders, but they themselves are no longer in the game.

It's truly regrettable, a counter-intuitive trade that only cuts out the smart money. If these smart people don't get off, Giggle cannot pump.

Chatting with a friend yesterday, we suddenly touched upon a topic that made me realize something: 'The wealth effect in a bear market is the best, and the easiest to capture.'

During phases of liquidity exhaustion, the market's attention is most focused on the very few individuals/institutions that are still making money.
For example, I've noticed that whenever I buy any token now, it can lead to several 15-minute candlestick rallies, possibly due to information dissemination causing others to follow suit.

Including CZ's call to action for GGG, why could GGG still rally so much even in such a bearish market? Looking back at 'Daidao Laoshi's' (Teacher Daidao's) remarks, it was because at that time, GGG spot had a premium of over 2% compared to futures. This means there were a lot of short orders pressing down futures between 65-72, causing the futures price to be significantly lower than the spot price. The market collectively squeezed the shorts, and a correction only occurred after most major short sellers were liquidated.
If it weren't a bear market, there wouldn't be so many pessimistic large funds shorting, and GGG wouldn't have risen so much with just two sentences from CZ.

Therefore, at this time, one must embrace attention-grabbing figures or even become one, to better survive and even profit in a bear market. Especially in a bear market, when the market revolves around a certain sector or an attention-grabbing figure, the token effect they discuss will only get better and better.

Finally, in a bear market, don't go against market decision-makers. You might not make huge profits, but you'll certainly lose much less.