BlockBeats published an opinion article stating that recent high-market-cap projects have sparked widespread discussion, and investors are worried about becoming cash machines for institutions and project parties in the bull market. Institutional investment has high valuations, attracting investors with excellent data, and then listing them, harvesting with high FDV and low circulation. The emergence of this phenomenon is mainly due to the excessive certainty of this round of bull market, which has led to a large influx of funds and a serious bubble in the primary market. However, due to the long feedback cycle of the primary market, it takes several years from investment to the final unlocking and realization, so it is difficult to see changes in this round of bull market. Therefore, investors need to stay away from projects with high FDV and do not take over. Only when those institutions lose money will they dare not make such a big move in the next round of the market. If there is a project that you are really optimistic about and really want to buy, at least consider a few factors: 1) Buy at the bottom of a trend rather than at the top, 2) The entire sector has favorable conditions in the near future, and 3) There are large unlockings in the near future.