According to Ki Young Ju, during the current altcoin season, only a few cryptocurrencies are experiencing price increases. The absence of new liquidity in the market has turned trading into a player versus player (PvP) scenario over a limited pool of resources. The increasing trading volumes indicate that competition among traders is intensifying as they vie for profits within these constraints.

According to @EmberCN, pump.fun transferred 65,000 SOL (worth $11.01 million) to Kraken 5 hours ago. This move comes as PvP trading on pump.fun has decreased due to capital and attention shifts to BSC and the influence of the LIBRA token release. Consequently, pump.fun's transaction fees have decreased by approximately 40%, resulting in a reduced volume of SOL being sold.

According to Ai 姨 (@ai_9684xtpa), experiencing a rug pull is considered an essential learning curve in PVP cryptocurrency trading. A rug pull is a type of scam in decentralized finance (DeFi) where developers abandon a project and run away with investors' funds. This highlights the importance of due diligence and risk management for traders in volatile markets. Source: Ai 姨 (@ai_9684xtpa)