0xSun: Major Crypto Whales Are "Retiring" Main Wallets Due to Copy-Trading Pressure and Conspiracy Theories Affecting Their Strategies

According to Odaily Planet Daily, trader 0xSun analyzed in a post that an increasing number of major traders, both domestically and internationally, are choosing to "retire" their main wallets and switch to secondary or new wallets. There are two main reasons for this:
First, the pressure from copy trading is too great. Once a main wallet makes a purchase, various copy trading bots drive up the price, causing the price to reach the expected increase instantly, leaving no room for further operations. Selling is easily criticized by public opinion, while holding exposes them to selling pressure.
Second, it is to avoid being targeted by conspiracy theories, such as accusations of "insider information," "collusion," or "dumping through secondary wallets," which bring emotional stress due to unfounded speculation.
0xSun believes that while this trend can reduce trading pressure, it also weakens on-chain transparency, creating more opportunities for market manipulation and potentially having a negative impact on the overall environment.