Market News: The project has reached the 9K price level, and the current liquidity situation is concerning. It is worth noting that a single large holder has accumulated nearly 4% of the token supply, and there are several other holders with similar holdings. From a fundamental perspective, the project's popularity clearly exceeds what the current market cap should support, indicating ample theoretical room for growth. However, reality is quite stark— as long as these whales are holding positions on the exchange, there is uncontrollable risk in the price trend. Community enthusiasm is one thing, but participants must be aware of their own risk tolerance before engaging. The movements of large holders often determine the short-term market ceiling.