Jameee888(@Square-Creator-b12047ddff0c3)'s insights

#pixel $PIXEL 4 In early April, Pixels' official data went

Jameee888 · 2026-04-15T22:41:19.000Z

#pixel $PIXEL 4 In early April, Pixels' official data went viral: the number of lifetime wallets on the Ronin chain surpassed 2 million, with 625,000 daily active independent wallets, setting a historical high. It seems like a strong signal of ecological explosion, but in reality, it has exposed the latest contradiction of the project: "user inflation and token deflation." @Pixels Among these 2 million wallets, over 70% are zombie addresses, mostly from early airdrops, task volume manipulation, and mass registrations by bots, with real active players being less than 30%; among the 625,000 daily active users, more than half are short-term users exploiting rewards, with a retention rate of less than 15%, which cannot be converted into token consensus. More critically, while the number of wallets surged, the price of $PIXEL continued to decline, with a quote of only $0.008 on April 15, a nearly 8% drop in 24 hours, and a market value shrunk to over 6 million dollars. The core issue is that the project relies on "zero threshold + task rewards" to crazily attract new users, but has not simultaneously built token consumption scenarios. Users come quickly and leave quickly, only taking rewards without holding assets, leading to continuous selling pressure greater than buying pressure; the prosperity of 2 million wallets is essentially a false bubble of "low-quality users + inflationary tokens," which will burst anytime once rewards are reduced. #BTC $BTC