The operation at address 0xccb on $MON with #美SEC促进加密创新监管体系 is a textbook-level timing.

When the mainnet was just launched, I went in with three times leverage, building a position at an average price of $0.028. In a short period, the principal doubled, and the paper profit soared to $2.6 million. What was the situation like during the initial phase of a new coin launch? The liquidity is thin, prices are volatile, and the market hasn't figured out the rules yet. At this time, players with a large capital base have the most advantage, as they can take advantage of their scale during the price discovery phase.

Interestingly, this guy didn’t withdraw all his profits after making money; instead, he moved part of the profits to go long on $ZEC. This is not an isolated action—if you look at the on-chain data, you will find that the same group of whales is moving back and forth between multiple assets. For example, address 0x96e once opened a five-times leveraged position on ZEC, with unrealized profits exceeding $7 million in a single week, but later endured significant drawdowns and was ultimately forced to stop-loss and exit. So don't mythologize the whales; they can also step into traps, but they have enough capital and can adjust their positions quickly, allowing them to manage risks through rolling positions, adding to their stakes, or switching assets.

Looking deeper, these actions reveal the popularity of derivative platforms like Hyperliquid. Leverage and perpetual contracts naturally attract speculative funds, and the position changes of whales often become a barometer of market sentiment. Take MON for example, the largest short position was built at $0.032, confronting the long position's average price of $0.028 — this indicates that the market has not yet reached a consensus on valuation, and the long-short competition may push short-term volatility to the extreme.

Now on-chain monitoring tools like HyperInsight and CoinBob are becoming increasingly popular, and the actions of whales are being scrutinized thoroughly. This is a double-edged sword for retail investors: you can see the profits and losses of large holders in real time, but blindly following the trend may lead to pitfalls, and reverse harvesting has also occurred before.

In the end, the high returns in the crypto market have always been linked to high volatility. Leverage is an amplifier that can make you rich overnight, but it can also lead to instant liquidation. The actions of whales can serve as case studies, but don't just copy their homework—ultimately, you need to assess the fundamentals of the assets and where the market cycle stands.

$MON $ZEC