It seems that the $FOLKS Alpha event is basically coming to an end. The enthusiasm for earning points has clearly cooled down, and the daily Airdrop quota is shrinking—this transition from being hot to quiet is quite normal in the crypto market.

The problem arises: Although the celebration of Alpha has ended, the subsequent risks have just begun to unfold. Those whales are now targeting low market cap assets that are simultaneously involved in contract trading, pulling them up to consume the retail fees, and then causing friction back and forth to create volatility. Bulls are getting crushed, and bears are being squeezed—this is a typical scenario of double killing for both sides.

What is the most ironic? Most of the coins that skyrocketed in the early stages end up going to zero. No matter how frightening the increase looks, those are illusions created by the manipulators.

So I advise my brothers: never chase the highs. Chasing coins on the gain leaderboard in contracts is basically suicide. Protecting your principal is more important than anything else.