24.11.13 Today's Reflection on $PAAL and $FET Merger Announcement

On November 13, 2024, I saw the announcement of the $PAAL and $FET merger and felt like I’d been blindsided once again. Apparently, there had been talks of this before $PAAL’s recent price surge, but I failed to catch it. The reaction on Twitter (X) shows that most people were caught off guard, although I’m sure the promoting KOLs and team members must have known about it.

To mitigate risks like this, I’ve been diversifying my portfolio. However, the AI alliance seems risky for mid- and micro-cap stocks. Over the past few days, some assets have surged, but others have seen declines of over 50%, which has been painful. I’m struggling to keep my emotions in check. Although I haven’t hit the sell button yet, I can feel the PTSD from the LUNA incident creeping back, and it’s driving me crazy. I’m still undecided on what to do next.

Even if this proposal had been planned, it feels like another potential failure waiting to happen, much like the UST and Anchor Protocol disasters. Despite $PAAL’s low market cap, the reaction has been intense, and I imagine the team and founder are probably taken aback by the backlash—though they should’ve known better. I know this from my own experience in marketing.

Logically, I realize I should cut my losses at -50%, but knowing that would mean locking in a 5% loss on my total funds makes it particularly painful. I haven’t made a final decision yet and plan to monitor the upcoming announcements closely.