Looking back today, all the trades I made based on "insider information" and "potential good news" ended up losing money; not a single one was profitable. Most of this information was obtained directly from friends related to the project or the exchange. On the other hand, the information that has a bit of insider knowledge but isn't too much, which can be gathered through some inquiries, is the most valuable. For example, "how the allocation is controlled, whether there are active market makers, when the airdrop will happen, the last round's valuation, whether the core team understands the crypto playbook"—the accuracy of market-making strategies based on this information is usually very high. A couple of days ago, I was chatting with a friend from a project team. He told me that they are about to release some good news. I said, "Okay, I’ll short it hard when the time comes." My friend looked a bit confused. I asked, "What do you mean? When the good news comes out, won't you guys dump it?" He awkwardly smiled.