#美联储回购协议计划 $AAVE's recent market situation is quite dramatic. The founder Stani himself has unrealized losses of 2 million dollars, what does this indicate?

Let's first take a look at what happened recently: A large holder on Hyperliquid was directly liquidated due to a price plunge, losing 1.19 million. Shortly after, the founder decided to buy the dip themselves, but the results weren't much better, with unrealized losses of 2 million. Even more amusingly, just before the community vote, the second largest holder suddenly dumped 230,000 AAVE, causing a drop of over 12% in the price.

It seems that seemingly independent events are actually telling the same story – a struggle between project governance and market confidence. Whales dumping, founders propping up, and retail investors getting liquidated, this combination can make even the highest quality projects unable to withstand in the short term. But on the other hand, if the founders have been buying with real money, it shows that in the long term, there are still people who believe in this.

There are a few points that retail investors need to ponder:

First, don't just follow the actions of the big players. Even if it's the founder, their cost is far from yours, and the price they bought at may not be the price you should enter the market.

Second, spend time researching the project itself. Governance progress, fundamentals, community attitude—these factors are much more reliable than short-term market trends. A truly good project can withstand these fluctuations.

Thirdly, positions must be managed well. Leverage is a double-edged sword; high returns come with high risks. That large account that was optimistic ended up being liquidated despite their positive outlook.

The market fluctuates every day. Some people panic and sell, while others quietly position themselves. The key is to stay calm - stick to your principles, avoid greed, and do not panic. Only then can you find the rhythm in this kind of market.