$PNUT and $BOME are both retail trader traps?

$PNUT announced its launch on Coinbase a couple of days ago, quickly rising over 20 points in the short term, but without follow-up, it started to decline. Since its launch on Binance spot, apart from the quick surge in the first two days, it has mainly been declining.

Why do I say that PNUT and BOME are both retail trader traps? Their paths are quite similar, launching briefly on Binance, becoming the market focus, and then weakening after the initial surge.

The main reason for not continuing to strengthen is, I believe, that there are too many retail investors in the market, and the main players lack enough chips and reasons to drive the price up. Meanwhile, the retail investors themselves are very disunited, making it difficult to provide additional funds for a follow-up rally, resulting in a continuously weak price, even leading to mutual liquidation among retail investors causing a decline.

It is precisely because they became the market focus early on, attracting a lot of attention, that often when entering the correction phase, retail investors think this is a chance to buy the dip, and they rush in, only for the market to actually turn downwards.

Of course, I believe that the excessive presence of retail investors in these two assets is my subjective judgment. In the live broadcasts over the past year, the most frequently mentioned coin by fans in the first half of the year was BOME, asking if there would still be opportunities for a surge, or if it could trend unilaterally. Recently, in the last month, the most asked question has been about the continuation of the PNUT trend and how high it can go.

Although my fan base is very small, it represents a highly typical group of "small retail investors" in the market.

Therefore, I believe that for these types of assets to establish a strong trend, there must be a thorough washout, allowing retail investors to give up their chips, or through a long period of sideways movement that causes retail investors to lose confidence and be forced to sell their chips. Only when the main players have enough chips can they drive a rally, and during the rally, they are also less likely to be disturbed by retail selling pressure, allowing the trend to emerge.