Livermore said the market is never new: ZIL saw massive wallet thefts, ONE exposed a loophole that enabled seemingly arbitrary token minting, and the RVN controversy sparked market panic in succession. What never changes is the game between human nature and capital.
Jesse Livermore left behind a timeless quote: “There’s nothing new on Wall Street. Speculation is as old as the hills. The stories playing out in the market today have been continuously repeated and recycled for years.”
Looking at the crypto market, everything happening right now once again confirms this saying. ZIL experienced large-scale wallet drain incidents; ONE revealed a vulnerability that led to tokens being minted out of thin air; RVN triggered market fear due to a consensus loophole. All kinds of negative news came one after another, and behind many controversies there is often capital maneuvering.
But the essence of each crisis is fundamentally different: ONE’s minting directly causes permanent dilution of all holders’ positions; ZIL’s theft is merely the transfer of chips; and RVN is only a short-term consensus shock—its hard-capped total supply rules were not broken.
Countless builders and “uncle” types who face a major drop choose to lie down and hold on, but they often overlook the token’s underlying mechanisms. The market keeps inventing brand-new narratives, using panic to complete a “chip cleanup.” Human greed and fear have never changed.
Tides rise and fall in endless cycles, and the chaos is merely a disguise. To ride out market volatility, you can’t rely solely on belief and stubbornly hold. Identifying token supply rules and distinguishing risk levels is the key to avoiding traps.
Jesse Livermore left behind a timeless quote: “There’s nothing new on Wall Street. Speculation is as old as the hills. The stories playing out in the market today have been continuously repeated and recycled for years.”
Looking at the crypto market, everything happening right now once again confirms this saying. ZIL experienced large-scale wallet drain incidents; ONE revealed a vulnerability that led to tokens being minted out of thin air; RVN triggered market fear due to a consensus loophole. All kinds of negative news came one after another, and behind many controversies there is often capital maneuvering.
But the essence of each crisis is fundamentally different: ONE’s minting directly causes permanent dilution of all holders’ positions; ZIL’s theft is merely the transfer of chips; and RVN is only a short-term consensus shock—its hard-capped total supply rules were not broken.
Countless builders and “uncle” types who face a major drop choose to lie down and hold on, but they often overlook the token’s underlying mechanisms. The market keeps inventing brand-new narratives, using panic to complete a “chip cleanup.” Human greed and fear have never changed.
Tides rise and fall in endless cycles, and the chaos is merely a disguise. To ride out market volatility, you can’t rely solely on belief and stubbornly hold. Identifying token supply rules and distinguishing risk levels is the key to avoiding traps.