Recently observed two phenomena to share.

**The contrast of the new coin launch**

Three new cryptocurrencies $IR, $GUA, and $zkp have been added to the contract market today. Interestingly, after the positive news was announced, the prices dropped, which is an old routine. There are basically two logics behind this: either the main players are taking advantage of the situation to sell off, or they are intentionally crashing the prices to accumulate more, waiting for retail investors to sell before pushing the prices back up. Looking at the market performance, there may indeed be a chance for a rebound among these coins; the key is whether it can be seized.

**The old players are active again**

$pippin has recently begun to stir again. There's an interesting phenomenon—recently, several well-known traders have frequently been going against the movements of this stock, and after looking through discussions from the past half month, it has been pointed out that this stock is difficult to deal with and should be avoided.

Complaints about the fee mechanism have also surfaced—some are calling for major reforms, but from the perspective of market reality, such changes would have far-reaching implications and are difficult to achieve in the short term. This topic is indeed worth deep analysis, but it seems that not many people have the patience to read this kind of substantive articles at the moment.