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I just saw on the leaderboard that the major holder with 2.5% has completely cleared their position within just 3 hours. Interestingly, the buying pressure after the sell-off did not cool down; instead, there was a large amount of absorption. This phenomenon is quite worth pondering.
You should know that if this were a purely PVP project, such a situation would be impossible. When big players run away, it usually triggers panic and a stampede, but this time the situation is completely the opposite—people are still buying aggressively. Essentially, this reflects the market's recognition of the project's fundamentals. Regardless, there is confidence.
The changes over these three hours actually reveal some things: some are cashing out, but more are building positions. The balance of power between buyers and sellers remains quite clear. Continuing to observe, this should be a good signal.