Reviewing the decision to short HOLO just now Today's HOLO and OPEN scripts are different because the news from the Korean exchange was already out before Binance's listing. From my observations over the past period, a lot of the buying power for projects seems to come from China and Korea. Koreans aren't clueless either—they can't always be expected to be the ones holding the bag, right? So after @YeruiZhang tweeted concerns early today, I also expressed my worries. KOLs hyping it up + early announcement of the Korean exchange listing = full Buff stack, instant peak hype. But who’s going to be the last bag holder? What’s even more interesting: Later, friends told me that Koreans were pre-buying on Alpha ahead of the Upbit listing, and even retail investors were following cross-chain tutorials to jump in. By the time Binance was about to open, they were still sweeping on-chain, pushing it all the way to 0.8. It was obvious they were in full FOMO mode, completely irrational. When even retail investors can pre-Price In and wait for a dump opportunity, there’s likely not much room left—especially when the Korean retail investors everyone was counting on to hold the last bag had already exhausted their buying power early. Previously, OPEN had better pacing, which pushed its market cap to around $1.5 billion. HOLO, in the 0.56-0.6 range, already corresponds to an FDV of around $1.5 billion. Honestly, no matter how hyped it is, it’s not worth that price. After shorting, the drop was smooth as silk. Took profit on most at around 0.45, and now waiting for a rebound to short again.