Recently, some leading exchanges' trading competitions have come to an end, and many participants are starting to take stock. From the data, it can be seen that many Large Investors had already withdrawn before the trading competition ended, which is quite understandable—declining volume means that the opportunities for capital competition are shrinking.

Interestingly, some project teams seem to be playing very big. In the early stages, they distribute airdrops to gain attention, and during the trading competition, they continue to push up prices. This rhythm definitely has its tricks. But if you look closely at the timeline, the actual window for capital entry is quite narrow — those who should have exited had already done so before the event started.

The issue facing participants now is the cost problem. A trading wear of 0.3 to 1 USDT per order is common, and if one continues to participate, the wear may reach 5 to 6 USDT, which directly affects the final profit. Speaking with real data: in a competition with 20,000 slots, the reward received may only be 0.06 to 0.1 coins each, and the total reward calculated is just over 100 USDT. It looks good, but after deducting the wear cost, the actual profit is problematic.

What’s even more heartbreaking is that after the event ends, the volume will plummet sharply, and the price fluctuations may become even more unstable. Sometimes participants feel caught in the middle, feeling that after grinding for so long, they still end up losing money. This situation is particularly likely to occur in events with a large number of spots and high participation.

In summary, the trading competition seems like an opportunity, but actual participation requires careful budgeting; one cannot just look at the reward numbers, as costs and risks are the key factors determining returns.