The market sentiment has been on edge lately.

Take CAKE for example—even after posting impressive financial reports in a bull market, the price hasn’t moved, which is making some people nervous: if it’s like this in a bull market, won’t it be even worse in a bear market? But if you look closely at the on-chain data, you’ll see tokens are being rapidly consolidated into a few addresses. What does that indicate? The major players don’t have much left; who would they pump the price for? Are they really going to let retail investors ride the wave and pocket the profits for free?

Check the financial statements, and you’ll see it’s clearly undervalued. But what happens? The main holders fake a dip, and you end up handing over your tokens. At this point, it’s not the project you need to review, but your own resolve.

If you want to make real gains, you have to hold on and wait until the big players get anxious. With CAKE, it’s all about who can outlast the rest.