Many investors are confused: BTC and ETH take turns rising, but the coins they hold remain stagnant. On-chain activity is also increasing, yet token prices show no reaction. The coins that skyrocketed during the last bull market are now barely even mentioned.

You might think it's due to market cooling or project technical issues? Actually, that's not necessarily the case. Often, the truth is much simpler: the main players just don't want to push.

**What is the essence of shitcoins?**

Simply put, for many coins, their mission was set from the moment they were born. Pump → attract followers → drain liquidity → go to zero. After completing this cycle, the project team and main players have achieved their goal. Want to pump again? Then they have to give back the profits, and no one is willing to do that.

**Why are the whales holding back now?**

Think about it—if they could harvest profits with a sudden surge once, they might try again with a "story" and hope. But the third time? That would really only be about deceiving fools. Many old coins can't even tell a compelling "story" anymore; only a few loyal fans' obsessions keep them afloat.

In this situation, why do the main players still bother? They can't attract new users, and instead, they risk liquidity and market pressure. It's not worth it.

**There's an even more ruthless tactic**

Some main players' patience and psychological tactics are far more sophisticated than you think. Their goal in not pumping the coin is actually to wear down your willpower. Long-term sideways movement, increasing unrealized losses in accounts, and seeing no hope—these psychological pressures pile up. Eventually, you'll choose to cut your position and exit.

And when you do, the main players are already prepared. They quietly build positions at very low prices, waiting for BTC and ETH to reach their ideal levels. Then they concentrate on pushing up those bottom-positioned chips, attracting new retail investors. Delay → shakeout → build positions → a new round of harvesting. The entire logic is perfectly coherent.

**What are the truly smart main players doing now?**

They have already shifted their focus. Major coins like BTC and ETH are still the main players, supported by continuous inflows from spot ETFs. Meanwhile, they are also deploying in sectors like Layer 2, RWA, and AI—areas that are policy-friendly and have real application scenarios.

As for those obscure grassroots shitcoins? The main players are very clear in their minds: the costs involved, the risks taken, and the profits they can harvest—when calculated, it’s simply not worth it.

**Are you still hoping it’s your turn?**

Don’t wait any longer. Main players aren’t holding back your coins because they haven't seen the holders—they simply don’t care. You belong to the "old users" category—nothing new, hard to profit from again, and still holding chips. The more firmly you hold, the less they will move. Conversely, once you exit, they can come in and build positions.

This is the cruel reality of the market. Recognizing this is much more rational than stubbornly holding onto a coin with no hope.