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The Stellar coin (XLM) of case 56 not only experienced a sharp decline due to team-related selling scandals but has also been exploited multiple times by criminals for pyramid schemes, resulting in significant losses for many ordinary investors.
In the early stages, Stellar coin relied on airdrop promotions, allowing users to receive 6,800 coins by linking their social media accounts, which attracted a number of early investors. However, during the project's development, there were multiple reports in the market about large private sales of tokens by its team and foundation. A large number of tokens flooding into the market disrupted the supply-demand balance, and every time related news broke, it led to significant price drops, causing substantial losses for retail investors who bought at high prices. This is also a core reason why it has been listed as a case of 'cutting leeks'.
In addition to the selling issues of the project itself, XLM has also become a 'packaging tool' for pyramid schemes. For example, between 2017 and 2018, a group used the name of Stellar coin to hold promotional meetings, manipulating coin prices through self-built platforms to create false prosperity, with the amount involved reaching 500 million yuan; another group falsely claimed that buying their 'mining machines' could yield annual profits of up to 3.65 million dollars, developing 160,000 members through a referral rebate model, with the amount involved exceeding 200 million yuan. Ultimately, after these scams collapsed, most of the funds invested by the investors could not be recovered.
The price of Stellar coin is also affected by the overall fluctuations in the cryptocurrency market, lacking stable value support, and ordinary investors may encounter losses if they are not careful.
【Cryptocurrency Journey】💗💗 The bear market is not the end It's your time to enter at a lower cost The bull market is not the peak, but the ultimate realization of your understanding, patience, and determination. #美国非农数据超预期
On December 17, PIPPIN coin is in a corrective trend, currently priced at approximately $0.357, with a 24-hour decline of 8.43%, volatility reaching 70.10%, a high of 4.12 HKD, and a low of 2.42 HKD. The 24-hour trading volume exceeded $49 million, with a turnover rate of 13.79%, and selling pressure has increased. Various technical indicators still lean towards buying, but short-term bearish forces are strong, and attention should be paid to the defense of support levels, remaining vigilant about volatility risks.
【Warning Signal! The initial value of the US December PMI is weak, and the momentum of economic growth has slowed for two consecutive months】
S&P Global Market Intelligence Chief Business Economist Chris Williamson recently pointed out that the initial value of the US December PMI data shows that the momentum of economic growth has slowed for two consecutive months, and economic activity may further decelerate after 2026.
📉 Key Data: Signs of Weak Growth Spread
New orders in the service sector are almost stagnant, with December's sales growth being one of the slowest months since 2023;
Factory new orders have seen their first decline in nearly a year. Although production is still growing, weak sales suggest that the current production level is unsustainable;
New sales growth sharply slowed before the holiday season, reflecting insufficient demand-side momentum.
📊 Economic Forecast: Q4 GDP Growth May Fall to 2.5%
Although survey data still shows that the annualized GDP growth rate for the fourth quarter is about 2.5%, the momentum of growth has clearly weakened. If demand does not recover in the new year, the manufacturing sector may be forced to cut production, and the service sector will continue to face pressure.
⚠️ Macroeconomic Impact: The Soft Landing Narrative Faces Tests
As a leading indicator, the weak performance of the PMI may affect the market's expectations for an "economic soft landing". If the trend of slowing growth continues, the Federal Reserve's interest rate path in 2026 may further tilt towards easing.
When consumption is weak and orders are slowing, the narrative of the US economy as the "golden girl" is facing a real test. $BTC $ETH $BNB #Ripple拟建10亿美元XRP储备
ASTER liquidation amount ranks first in the entire network at 12.66 million USD, short liquidation pressures the price, trading volume remains high
On December 17, Aster (ASTER) became the focus of liquidation in the cryptocurrency market. According to RootData and Coinglass data, the total liquidation amount of ASTER contracts in the past 24 hours reached 12.66 million USD, ranking first among all cryptocurrency assets. Among them, long liquidations amounted to 5.05 million USD, while short liquidations reached 7.61 million USD, with a higher proportion of shorts, reflecting that bears profited substantially during the price adjustment. Major platforms such as Binance, OKX, and Bybit have been active in liquidations, with large single clearances frequently occurring, triggering a chain reaction.
The price of ASTER is approximately 0.79-0.82 USD, with a 24-hour decline of about 11%-14%, reaching a low of around 0.78 USD. Despite the impact of token unlocks and whale sell-offs, trading volume surged over 200%, reaching 360-650 million USD, with strong liquidity and a market cap of about 1.9 billion USD, ranked in the top 50. The correction stems from the third phase of airdrop unlocks without a lock-up period, with large holders quickly cashing out, combined with the broader market Bitcoin dipping, leading to excessive liquidation of long leveraged positions.
Although the wave of liquidations intensifies short-term panic, short traders accurately capture the downturn, with significant profits from high-leverage short positions. The community believes this cleanup of overheated leverage may pave the way for a healthy adjustment. Aster, as a multi-chain perpetual DEX, recently launched Shield Mode, a privacy trading feature, attracting institutional attention, with strong fundamentals and unchanged long-term potential.
Users on Binance Square are actively discussing the risks of liquidation and the timing of rebounds, with many posts reminding to control leverage and set stop-losses. Opportunities may lie under extreme fear; if the support at 0.78 USD holds, a rebound testing 0.90 USD can be expected. The mainnet upgrade in 2026 may inject vitality; it is recommended to maintain rational positions and pay attention to market correlations. #巨鲸动向
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The five elements of assets, the way of balance Metal, Wood, Water, Fire, and Earth, the five elements mutually generate and restrain each other, which is actually an ancient philosophy of asset allocation. Metal represents liquidity and defensive assets; Wood symbolizes growth investments, such as innovative enterprises; Water is cash flow and flexible reserves; Fire corresponds to high-risk, high-return opportunities; Earth is stable physical assets. Finance is not about placing a single bet but about the balance and cyclical symbiosis of the five elements. Binance ecosystem strives to build such a system: allowing resources to flow without losing balance, helping enterprises take root and grow, and ensuring the stability of people's wealth. #美国非农数据超预期 #文化金融 #BinanceABCs