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Project teams need to recognize the psychology behind whitelist allocation checkers.
When you launch a WL checker, you're basically unlocking three market signals:
1. **Wallet gets selected** – Community goes full optimism mode, bullish vibes ripple through. People feel validated, they're in, momentum builds.
2. **Wallet gets rejected** – Counterintuitively bullish. FOMO kicks in hard. Those left out push harder to get in the next round. Competition feels real.
3. **All 10 wallets accepted** – Red flag territory. Suddenly everyone questions eligibility criteria, legitimacy concerns surface. Bearish energy takes over.
The veterans in any Web3 community already know this game. It's not just about mechanics—it's about managing expectations and market psychology through every checkpoint.