Folks, what happened? I haven't paid attention for two days and it's almost reached 50. As expected, strong institutions still need to look at DeFi!

The on-chain Alpha 24H trading volume has surpassed many tokens on various exchanges, but the on-chain holders reported for Alpha is only 1357. I don't know if there was a statistical error or if it hasn't been updated. How can there be such a high trading volume and turnover rate with so few holders?

The 24H number of trades has reached 84,000. Additionally, trading on perpetuals and futures on platforms like b n has been profitable. Those who bought at the bottom during the accumulation phase have already made some profits. Currently, aside from Alpha and a few smaller exchanges that can trade spot, major ones haven't launched spot trading yet. The selling and restructuring by strong institutions is also a relatively slow process.

Moreover, the fees remain high. This wave of strong institutions is really taking advantage! It's really too risky; this kind of high control trading should ideally be avoided. The market manipulation is too severe. A small mistake could lead to losses, and if you're liquidated, you lose everything. If you want to take advantage of strong institutions, they will try to take advantage of you! $folks