I didn't expect that today @MerlinLayer2 was also maliciously squeezed.

This is the second time $MERL has encountered a malicious event after a year.

Cause: In the past few days, someone/institution has been ambushing 60 million short positions, continuously smashing the market (because of screenshots from core members of Merlin) @JeffBTC said: I don't know the specific reason yet, we are checking.

Moreover, it is a very serious matter; if the boss falls asleep, it might really lead to a burst, fortunately, the boss has unlimited backup~~~; then at noon, there was a KOL cooperating to speak out to smash the market.

Isn't this scene something @RiverdotInc @River4fun just experienced?

It's the 'malicious short-squeeze group' + 'KOL matrix' + 'unbiased rights protection bloggers' + 'a bunch of short-squeeze group sub-accounts' + 'retail investors forced to sell at a loss due to not understanding the truth' + 'gawkers who love to stir up trouble.'

A precise strike against a project that has no malicious intent and is seriously doing its work. The dire thing is, if the project party does not retaliate in time, it could lead to huge losses, and some projects may even declare death directly.

Merlin's response is to infinitely hold back the market, while 4River's response is to close the exchange channel; the short-squeeze group has clearly made a large amount of funds, most of which are paid by retail investors. The fate of retail investors is seen as 'cheap' in the eyes of the short-squeeze group, and if utilized well, it can even help the short-squeeze group.

I have personally experienced such things twice in one month, how lucky am I?

@RiverdotInc's situation will gradually get back on track in the upcoming exchange channel; while @MerlinLayer2 is still investigating and reviewing the incidents.

According to Boss Jeff:

1. The project party's dumping doesn't look like this; just look at the data to know it’s not spot dumping, but rather 60 million in contract shorts appeared.

2. Will the project party's dumping incur their own payment rate? Will the project party's dumping cause their own bottom line to collapse? Aren't they all going to zero?

3. I placed a buy order of 4 million at 0.2166 and 0.2133, but it was all eaten up.

The true Web3 is a dark forest, where the short-squeeze group + silly KOLs go, nothing grows. Of course, one thing worth noting about these people is that they have genuinely done their homework for this moment, the market conditions are indeed very poor, and they target those projects that are performing relatively well.