BTC: The whales create panic by crashing the market through Grayscale, taking the opportunity to collect chips at low prices, gradually reclaiming the chips from retail investors.

ETH: The whales continue to press down prices, using market sentiment to collect more chips, patiently waiting.

SOL: The whales attract retail investors through stories of wealth and gimmicks like PVP (Player Versus Player), further collecting chips.

In the end, the whales will exchange the valuable coins held by retail investors for worthless coins or low-value coins. Once the market accumulates enough chips, a single operation can launch the prices up, leading to significant increases.