The constant influx and outflow of participants, the unwavering greed.
To put it simply—no matter how large the TVL locked in the protocol is, it ultimately flows into the accounts of a few people. Founders cashing out, venture capitalists harvesting profits, market makers doing wash trades... You see the numbers on the chart skyrocketing, but little do you know, behind the scenes, another group is quietly siphoning money out.
New projects launch rapidly, old projects quietly fade to zero. There are always new retail investors entering, and there are always people planning where the next bubble will blow. The market is like this—cycle after cycle, participants change over and over, but the logic of bloodsucking remains unchanged.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
9
Repost
Share
Comment
0/400
CounterIndicator
· 3h ago
Damn, isn't this the reality I see every day? It hits too close to home.
I knew something was going to happen the day TVL hit a new record.
Another new coin is about to launch, I bet five bucks that in two months no one will remember it.
This trick has been played for so many years, how come people still rush into it?
Honestly, it's just a game of hot potato; it depends on whether you're sitting or standing.
The founders already cashed out and ran, and we're still studying K-line charts.
What's funny is that even VC firms get cut, no one can escape.
I really didn't expect the market makers' double-spreading tactics to be so blatant.
View OriginalReply0
TestnetNomad
· 01-07 17:32
Really, those who are still playing this game after seeing through the tricks should reflect on themselves.
View OriginalReply0
TeaTimeTrader
· 01-07 08:52
Wake up everyone, this is the current state of Web3
I don't even look at TVL anymore, it just makes me angry
That really hits home, it's always the same faces making money
View OriginalReply0
IfIWereOnChain
· 01-07 08:52
Really, once you see through it, that's all there is to it. Just change the vest and keep cutting.
View OriginalReply0
LeekCutter
· 01-07 08:45
To be honest, once you see through it, it's just this cycle, always the same routine.
View OriginalReply0
GasFeeCrier
· 01-07 08:43
Oh no, it's the same old trick again, I'm fed up
People come and go, and the money just disappears like that, honestly
The schemes are the same every year, but this year they're especially many
The chart shows a sharp rise, but who the hell actually made a profit?
New coins are coming to be cut again, who is the sucker this round?
There are always people waiting for the next fool to enter
I don't understand why some still truly believe this can make you rich, really
View OriginalReply0
TokenRationEater
· 01-07 08:41
That's right, every bull market is just a harvesting show; change the shell and people will believe it.
View OriginalReply0
BlockchainFries
· 01-07 08:24
It's just a shell game, and the newbies are never absent.
View OriginalReply0
SquidTeacher
· 01-07 08:24
This is just a cycle of cutting leeks, no one can escape.
The constant influx and outflow of participants, the unwavering greed.
To put it simply—no matter how large the TVL locked in the protocol is, it ultimately flows into the accounts of a few people. Founders cashing out, venture capitalists harvesting profits, market makers doing wash trades... You see the numbers on the chart skyrocketing, but little do you know, behind the scenes, another group is quietly siphoning money out.
New projects launch rapidly, old projects quietly fade to zero. There are always new retail investors entering, and there are always people planning where the next bubble will blow. The market is like this—cycle after cycle, participants change over and over, but the logic of bloodsucking remains unchanged.