The current level of fragmentation in BSC is such that almost all retail investors are crying losses, but those few P small players are still earning hundreds of thousands of U and millions of U every month, making a fortune. The situation is quite fragmented.

BSC's preference for PVP has directly caused this situation.

When battling on the chain front, it’s clear that there are a few P small players who don’t care about narrative aesthetics at all. They just buy at the bottom regardless of the angle, and then sell in seconds, cutting losses on the follow-up trades. With this kind of play, I could make money too.

Yet, there are still a large number of retail investors following P small players, contributing liquidity and assisting in their wrongdoing. It’s really hard to understand.

Now the situation has turned into a scenario where only when P small players are involved does a project have liquidity. P small players directly determine whether a project can be played, driving out worse currencies. They know they can decide market liquidity, so they are unrestrained, filling the bottom and taking 10%. Once P small players enter, the liquidity of the project is taken away, and the ceiling is directly locked.

The more PVP there is, the more retail investors lose, and the faster P small players earn.

When will retail investors have their own aesthetics and stop following P small players to provide them with liquidity? Only then can this market develop healthily.