Yes ，You are obsolutely right ，Eric!
First, based on my research on the platform's data, the data it publishes should only be used as a reference and should never be relied upon as investment advice or a basis for investments. Even the platform publishers often lack understanding or clarity as to whether the data they publish is authentic, accurate, and professional.
Furthermore, certain signs indicate that there are undoubtedly promoters and manipulators behind this. Their fundamental goal is to create a false market boom.
While the platform is merely a marketing tool and information distribution channel for these manipulators. Furthermore, to a large extent, the platform receives promotional fees and is also a participant. In other words, the platform uses data to attract more domainers in.
Because, after continuous fake propaganda, the market has gradually become more active, with new entrants and new transactions constantly appearing. It's possible that, after being bombarded with news from domain media platforms, many domain holders, unaware of the underlying operations, were attracted and joined, leading to the possibility of real transactions.
However, actual transactions are not too many. Nevertheless, the manipulators' marketing tactics have been effective, and their goal has been achieved.
The underlying macroeconomic dynamics behind these large transactions require a closer look. Domains are used to build websites, not as collectibles. The current global economy is in a period of uncertainty and instability. Massive corporates layoffs ，and layoffs means the closure of thousands of small and startup businesses each and every single day, further exacerbating the decline in demand for domain names. ，on the other hand，I've personally experienced this, exemplified by the current challenges facing China, the world's second-largest market.
In essence, many large domain name transactions are like buying stocks. They are backed by major shareholders, or capitalists.
The story of prosperity stems from these major shareholders, attracting more participants. These capitalists can control and manipulate stock prices. Ultimately, when prices peak, major shareholders gradually sell off their holdings and exit the market, transferring market risk to participants with weaker risk tolerance.
Domains speculation are very similar to stocks, art, and other similar activities. The only difference is that the stock market is vast, and art has collectible value, while the value of a domain name lies in its use. Without use, it's just a string of letters, lacking market value. Having experienced cases of price manipulation in the past, I'm very sensitive to these manipulations.
