How to Determine Whether the Operator is Washing the Market or Running Away:

Judging from the Perspective of Chip Operations

Both market washing and dumping by operators can affect token prices, but there are clear differences. During market washing, the dumped chips are bought back through another batch of addresses, which is commonly referred to as 'matched trades'; the operator will not easily abandon these chips. In contrast, dumping and running away does not involve any subsequent buyback of chips, which is the key difference between the two.

Observing Active Addresses and KOL Situations

Pay attention to those addresses or KOLs that are frequently active and at the forefront of trending tokens; under normal circumstances, at least one can be seen among the top 50 in a trending token. Focus on changes in the holding rankings, for example, if a certain address was originally ranked 40th and gradually moves up to 35th, it indicates that the addresses ahead (if the multiples are very high, they are likely early target addresses of the operator) have left, and caution should be exercised.

Judging by the Flow of Funds

When you notice an address's ranking rising, check the ranking of fund outflows, recording the time and amount. Then check the fund inflows; if the purchase time is a few minutes after the outflow and the amounts match, it is likely a matched trade wash. If the judgment is lagging, you can refer to 'Dragon Capture Technique 1' for running away.