Lately, there’s a pretty obvious trend: shitcoin projects are popping up everywhere, with all sorts of language and numerical versions flooding the market. The result? Funds are getting heavily diluted, and no one’s making much.

Let me share a real example. There was this project with a user base of 300 million—I held on to it the whole time and now I'm stuck deep in the red. There’s an even more ridiculous case: the community was very active, over 300 people pushing forward together, and it was just 0.4 away from breaking out, but the whale just stayed put. As soon as I saw the double top pattern forming, I knew something was off—it was clearly a setup to trap investors.

I quickly sent out a warning for the guys to cash out some positions, and sure enough, today I saw the project was basically abandoned. I’ve seen this kind of manipulation plenty of times: whales hype up retail sentiment, then dump at key levels.

In this market, there are so many meme coin projects you can’t even count them. Everyone’s looking for quick in-and-out plays, which means nobody has the patience to really build up a project. Retail funds are limited to begin with, and with so many projects splitting the attention, it’s even harder for a single one to take off. Just a reminder: if you spot abnormal technical patterns, it’s better to get out—don’t gamble with the whales.