They can't manipulate big L1s anymore. That's the real alpha here.

The whales and market makers who used to move smaller caps at will? They're hitting a wall with established Layer 1s. Liquidity is too deep, holder distribution too wide.

This is why you see:
• More focus on low-cap L2s and new chains
• Narrative pumps instead of pure price control
• Coordinated FUD campaigns when they can't move price

Major L1s like $ETH, $SOL, $AVAX have matured past the point of easy manipulation. The game shifted.

If you're trading, this matters. Big L1s move on actual adoption and macro now. The degen plays are elsewhere.