On-chain Reproduction of the “Violent Profit Myth”📊: A trader bought about 1.12 million SPIKE tokens with 10,000 USDC four hours ago, while the market was more focused on — his previous operations on MOODENG are almost legendary.

Review of this MOODENG trade:
He only used 8.1 SOL (about $1072) to ambush early, buying 33.4 million tokens when the project’s market cap was only about $320,000. Later, he sold in batches on a decentralized exchange and “exchange,” ultimately earning at least $3.8 million, with a return of over 3,500 times🔥

This time, again, he entered SPIKE, causing the market to explode instantly:
Some believe this is “smart money re-entering,” while others are beginning to be cautious — this seems more like a continuation of high-position liquidity games.

💡My view is very straightforward:

The positive side👇
Such extreme success stories will continue to attract new funds to focus on early on-chain opportunities, making market liquidity more active, and smaller market cap projects easier to “ignite.”

The risk side👇
The same pattern also means:
👉 Early entrants take most of the profits
👉 Later follow-up funds are easily “picking up liquidity”
👉 Sentiment-driven far more than fundamentals

Especially for meme or narrative tokens, they are essentially “emotion accelerators,” not value investment targets, but a game of time + emotion + liquidity⚠️

📌One sentence summary:
Some are copying wealth myths on-chain, while others are providing exit liquidity for these myths.

In this kind of market, the key is not “seeing opportunities,” but to distinguish — are you an early participant or the final bag-holder.