$HYPE once again bursts! Precision demolition, HLP lost 4.9 million overnight!
Big crash, big collapse?
Big players used 19 wallets, 3 million principal with 20-30 times leverage to build a massive long position in POPCAT, suddenly withdrawing orders triggered a flash crash. Their own margin went to zero, but the liquidity pool bore 4.9 million bad debts!
Three fatal problems:
1. Low liquidity coins + high leverage = slaughterhouse for retail investors
2. Only 4 nodes control, the so-called "decentralization" is pure nonsense
3. HLP risk mismatch, earning small money while taking big risks
Impact on HYPE:
· Short-term rebound above 43 can open shorts, stop loss at 46, target 36-38
· Medium-term observation whether the platform fills bad debts, otherwise it will trigger a stake exodus
· Long-term competition in the Perp DEX track is fierce, without reform it will be eliminated
Blood and tears lesson: Don't believe "code is law", the reality is "nodes are law"! Stay away from low liquidity altcoin contracts, don't leverage over 5 times!
Even if you can no longer find me, I wish you: Good morning🌠, good afternoon🌞, good night❤️.
$HYPE
$POPCAT
