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Solana (SOL) is the native token of the high-performance public chain Solana, emphasizing technical advantages of high throughput and low transaction fees. It once surged into the top ten of cryptocurrency market capitalization due to the explosion of DeFi and NFT ecosystems, but frequent network outages became a core trigger for retail investors' losses.
Solana's consensus mechanism imposes very high hardware and network requirements on network nodes, making it prone to complete network paralysis during peak transaction periods. According to publicly available data, from 2021 to 2023, the Solana chain experienced dozens of outage incidents due to issues like traffic overload and node failures, with the longest single outage lasting over 7 hours. During outages, users are unable to perform key operations such as closing positions, transferring funds, or canceling orders, and can only passively endure market volatility risks.
A typical case occurred in the early 2022 bear market when Solana was paralyzed due to network congestion caused by a popular NFT minting. At this time, the market suddenly plummeted, leading to a halving of the price of SOL and on-chain tokens held by numerous retail investors, but due to the outages, they were unable to stop losses in time and were ultimately forced into deep losses. Additionally, the Solana ecosystem has been exposed to multiple incidents of project contract vulnerabilities and theft from liquidity pools, with some project teams taking advantage of the chaos during network outages to run away with funds, further exacerbating user asset losses.
Unlike actively harvesting retail investors like some air coins, the losses from SOL stem from technical architecture flaws and ecological management loopholes, but the damage caused to retail investors is equally severe, raising market awareness of the technical stability risks behind 'high performance'.
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In the world of second K-lines, my time is divided into individual second K-lines.
In the world of Binance contracts, a second is not just a second. It is a sudden stop or burst of price like a heartbeat, a clear tremor of my account balance. The candlestick chart on the screen flickers; every brief birth and death is directly etched onto my net worth curve.
They say this is trading, but I feel it is more like balancing on the edge of a knife. When the trend aligns with my judgment, the rush of feeling as if I control everything is unparalleled; but just one long needle piercing in the opposite direction, and all illusions collapse, leaving only the emptiness of being precisely educated by the market. Here, patience is not a tranquil wait, but a cheetah-like tense stillness, waiting for that fatal opportunity that may only exist for a second or two.
This world has no background noise. Every tiny fluctuation is amplified by the senses: the sound of the keyboard, the sound of breathing, even my own heartbeat. The cold light of the screen reflects on my face, illuminating every clash of greed and fear deep within.
Over time, you feel a disconnect from the normal flow of time, yet find it difficult to detach from this extreme pressure and stimulation. You acquire a cold instinct for decision-making in the blink of an eye, along with a loneliness that no one can fully understand.
Someone asks, is it worth it?
I look at the screen once again experiencing a violent fluctuation without warning, and there is no answer. Perhaps we are immersed in this not entirely for that certain endpoint. Maybe it’s just for that 'one second'—to intensely feel how we are 'alive' in the gap between wealth and destruction. The K-lines continue to flicker in existence and extinction, like the unceasingly bouncing numbers of our account. #ZRC #合约爆仓
U.S. CPI surprised to the downside, with headline inflation at 2.7% YoY (vs. 3% expected) and Core CPI at 2.6%, its lowest level since March 2021.
Bitcoin jumped from $86K to $88K and now and all the crytpto market gained more than did loose on the 4 hours levels but according to my simple analysis, I think that between all altcoins, #Solana will be the one to bet on to surf the wave before other.
$SOL Blockchain still the leader on the DEX levels ahead of ethereum and Bnb chain both on the 24hr & 30 day levels.
If we take the ETFs, the #SOL ETF still recording positive net inflows despite the price volatility with a net inflow of $10.99M on Dec 17.
Third most important is the integration of solana on the coinbase app. #Altcoin Season#
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Matic (MATIC) is the native token of Polygon, an Ethereum scaling solution. It became a popular asset in the cryptocurrency market due to its narrative of low cost and high speed, resulting in a typical "pump and dump" scenario.
In the early stages of the project, the team heavily promoted Polygon's ability to solve Ethereum's congestion issues, attracting significant attention from institutions and retail investors. With the market's enthusiasm for Layer 2 solutions, the price of MATIC surged several times in a short period, driven by FOMO emotions, leading many retail investors to enter the market at high prices. However, the token's price surge was not based on substantial progress but rather on capital speculation and emotional drives.
As market enthusiasm faded, issues like the slowdown in the project's technical rollout and the lower-than-expected activity of ecological applications began to surface. At this point, early investors and institutions started to quietly cash out at high prices, leading to a massive sell-off that triggered a sharp price correction. Within just a few days, the price of MATIC plummeted over 50%, leaving latecomers among retail investors unable to stop their losses, deeply trapped in their positions.
The core of this harvest lies in narrative speculation + emotional harvesting, utilizing industry hotspots to create profit effects, attracting retail investors to take over, and ultimately achieving exit through high-price sell-offs, leaving retail investors to bear the losses from the price collapse, becoming a typical case of the cryptocurrency market's pump and dump model.
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