Explosive Viewpoint: The issue of Hyperliquid draining liquidity through liquidation has completely exposed the fatal flaw of DEX perpetual contracts!
This is not an accident; it is a textbook-level "draining" strategy: infinitely going long on DEX, withdrawing the principal after profits exceed it, causing the protocol to be liquidated. Then, short the protocol token (such as $POPCAT
) or the platform itself, making profits regardless of whether the price goes up or down.
If this kind of thing happens a few more times, the on-chain contract can be declared dead, and no one will dare to play.
What’s even more ridiculous is that there are still people blindly supporting $ASTER. Wake up! CAKE is its tomorrow; in a bear market, it's hard to even maintain 0.2U. Those buying $ASTER above 1.5U will never see a way out in this lifetime.
Why did CZ personally support it? There’s no smoke without fire; I don’t believe this project is not involved with him. Just look at ARB, APT; the large amount of unlocked tokens is like a knife hanging over retail investors' heads! If you really want to make long-term investments, $CAKE
is a thousand times more reliable than $ASTER .
