In the crypto assets market, we are witnessing a perplexing phenomenon. The delisting Token BAKE, which has risen seven times from its bottom price, still enjoys high popularity among long positions investors. This situation is indeed puzzling.

Typically, Tokens that are delisted by exchanges often only experience a brief surge in price. Even during the delisting of contracts, a second wave of slight increases may occur, but they are often short-lived. Take HIFI coin as an example; although it experienced several times of increase, it soon hit a ceiling.

However, BAKE seems to break this convention. The enthusiasm of long positions investors for it seems to be increasing, as if they are expecting some institution to push it up tenfold again like a philanthropist. This mindset raises the question: how exactly are they thinking?

This phenomenon may reflect the prevalent speculative mentality in the crypto market. Investors may be overly optimistic, hoping to replicate past successes. However, we need to recognize that each Token is unique, and past performance does not guarantee future results.

For this phenomenon, we should remain rational and vigilant. Although the crypto market is full of opportunities, it also hides huge risks. Investors should pay more attention to the fundamentals of the projects when making decisions, rather than blindly following market sentiment. After all, in this rapidly changing market, staying clear-headed and thinking independently is more important than ever.