As expected, the coin lives up to its name, ZAMA, smash it? Smash!
The community has suffered from ZAMA for a long time, finally unable to endure ZAMA's manipulation, they have started a collective strike. In fact, I always wanted to wait for ZAMA to make a big surge before running away, but unfortunately, no opportunity was given.
ZAMA went from launching at $0.11 to $0.022, a drop of 80%. Look at the adjacent project, ZAMA looks like the project team is running away, but in fact, it is the market killing the valuation.
I thought there would be a large token unlock, but it just launched. A careful analysis of this drop shows that it is purely a structural collapse of high FDV and low circulation. The circulating supply is only 20%, with a fully diluted valuation propped up at tens of billions. As early holders slightly loosened their grip, the long positions in the contract became fuel.
In 24 hours, around 440,000 long positions exploded, with the funding rate dropping to -1.89%, and the short army was truly crowded to the extreme, causing a stampede among the longs that triggered a chain liquidation.
Moreover, the RSI is only 19 now, and the lower Bollinger Band has also been breached, a typical panic sell-off. With a trading volume of $430 million, all the chips are bloody in turnover.
This is already extremely oversold. Do you think it hasn't dropped enough and continue to watch, or are you ready to enter the market to bet on a rebound?
"Having accurately identified the trend, yet losing all the money is a bitter lesson I'm truly fed up with.
I used to think that a certain narrative would become popular, and I had to grit my teeth and jump into the fray, only to find that while the traffic did indeed come, the pool was withdrawn, or the speculator had already run away.
Polymarket and Kaito are set to launch an attention market yesterday, which essentially separates the attention from the coin price and sells it independently. This means Polymarket provides the market, and Kaito's AI acts as the referee, quantifying all network discussion data.
As long as you believe this matter can get hot and the topic can explode, just go long on its public opinion index. This might be the true literal meaning of traffic monetization.
However, I'm also wondering, since AI has become the only settlement standard, is it time for the top offensive and defensive battle between traffic-boosting studios and anti-traffic manipulation algorithms?
Do people feel this method is fairer, or does it leave scientists with a new backdoor?
The Fabric project team surprisingly provided a refund window, but this is actually something that big investors who are dealing with tens of thousands or even hundreds of thousands of US dollars need to consider. After all, the market has indeed been quite unstable recently, and we small investors who only put in a few thousand US dollars are just along for the ride; we really can't lose much.
However, I think @FabricFND's project team has a great vision and is quite confident in themselves. There is an old saying in China: 'Sincerity brings results,' and it truly makes me feel their sincerity.
I really hope they can lower the FDV a bit; perhaps that would yield better results. Moreover, there aren’t many angles from which to participate in the project, and I will not withdraw; let’s wait and see!
$KAITO
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. @FabricFNd New users can check their limits on kaito, and if all goes well, the first round should be at full limit. I only placed a small bet, hoping not to find excuses like zama after the break!
I just saw Bloomberg and Bianco Research disclose a set of data indicating that the average purchase cost for Bitcoin ETF holders has reached $90,000, while the average cost for Ethereum ETF holders is around $3,500. These institutions have already incurred massive losses of 20% to 40%.
The market may inadvertently drop again, and seeking certainty in panic is often safer than looking for an exit in a frenzy.
The Alpha blind box released by Binance Wallet this time is somewhat similar to a 'Dutch auction' on the blockchain.
The core rules test the mindset of competition very well. It starts on February 11, with the points threshold automatically reduced by 5 points every 5 minutes, first come, first served, and it ends when the supply runs out.
This is quite interesting: are you willing to enter with a high score to ensure you get the goods, or are you willing to take a gamble and wait for the lower score range to snag a deal? Because the prize pool not only includes new projects but also mixes in previous airdrop projects, which clearly aims to maximize the value extracted from Alpha points. Under this mechanism, hesitating for a second could mean missing out; it’s all a psychological battle.
Let’s see how it goes tomorrow. Generally, profits from newly launched activities are not too low!
Binance Announcement
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Binance Wallet launches the Alpha blind box airdrop, enjoy multiple project airdrops in one box
This is a general announcement, and the products and services mentioned here may not be available in your region. Please refer to the terms and conditions for specifics. Dear users: Binance Wallet launches Alpha blind box airdrop — a new way to aggregate multiple projects together. Based on the popular Binance [Alpha空投](https://www.%suffixOrigin%/%locale%/support/faq/detail/21b5053085824c2a82473a86ea55e922), you have the chance to receive tokens from one of the collaborative projects through the Alpha blind box. About the Alpha blind box: The Alpha blind box is a brand new airdrop model pioneered by Binance, where multiple projects pool their tokens into a single event. When users redeem Alpha blind box airdrops with Binance Alpha points, they will randomly receive tokens equivalent to one of the selected projects in the blind box. Additionally, the Alpha blind box may also include projects that have previously launched airdrops on Binance Alpha, giving users another opportunity to participate in these early projects.
Do you have family members who enjoy playing games? The Abstract penguin chain has many fun games, and the game to play this time is onchain, which is a pixel turn-based dungeon game. The game is very interesting, and you can also share the bounty every week by making the leaderboard.
Onchain has collaborated with Abs officially for weekly badges, so it's a great opportunity to play a few more games while obtaining the badge this time.
① The new badge needs to be found and picked up in the 5th level of the Onchain maze to obtain this badge. Exploring the dungeon requires purchasing a key first, and the price of a key is 0.001ETH.
② The game is turn-based, and each step will consume energy points, totaling 100. If you run out, you will die and need to repurchase to start over, so you must find the fastest path.
Top whales are liquidating, precious metals are violently rebounding: this is the market's most cruel bottom signal, bar none.
This is an extremely bloody weekend. On one hand, Yi Lihua's institution Trend Research had a $700 million ETH position on Aave that was forcibly liquidated; on the other hand, gold has reached $5000, and silver has recovered to $80. This is probably the market's most cruel 'bottom signal'. The elderly Yi Lihua, who has gone through several rounds of bull and bear markets, ultimately perished due to overly confident cyclical borrowing. His liquidation does not signify the end of the market, but rather the extreme release of panic emotions. Although the most stubborn bulls ultimately couldn't hold out and were forced to cut their losses, this does not mean that the short-selling momentum has completely exhausted. The cryptocurrency market has entered a bear phase, and price fluctuations will be very intense. During this phase, it's essential to minimize observation and increase activity to protect the principal.
In a bear market, you must persist in earning rewards. I wonder how many people followed the interactive tutorial I wrote about o1exchange a while ago.
What is earning rewards? The recent USD1 activity from the exchange is also a form of earning rewards.
Below is the third week's review of o1exchange 📝
I just took a look at the latest data, and the trading volume has fallen back to 14M.
Compared to the first week's 25.2M and the second week's 20.7M, this continuous decline is actually the rhythm I want to see the most. Everyone knows that projects that are too competitive usually have low returns.
My plan is very simple: as long as the market maintains this lukewarm state, I will continue to wait. When there are fewer people, that is the best time to hold chips.
$BTC $ETH $BNB
Friends who haven't participated yet can enter from this link: o1.exchange/@mulight
Mulight
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Partners in the crypto world should not miss this project
Last week was really intense on o1exchange; I will continue to follow up. I suggest everyone definitely invite in a tiered manner, with 5 accounts per group. They are a big account, 1, 2, 4, and 5. The big account invites 2, 3 invites 3, 3 invites 4, and 4 invites 5. The focus is on the big account and 5, while the smaller accounts can still earn commission points.
And there's no need to worry about witches.
This week has just started, so it's not too intense yet; many are probably still waiting for last week's points to come out and are observing. I casually brushed a few hundred U, and I've already got a few thousand points.
Don't run Clawdbot naked on your computer unless you want to give hackers your private key.
Lately, everyone's been talking about Clawdbot deployment tutorials, and it seems like you'll be left behind if you don't participate. So, I'll jump on the bandwagon! Since deploying Clawbot requires a platform API key, some of you might not know how to obtain it. I'll give you a guide to calling the Gemini API and its specific costs. Furthermore, using a server is highly recommended, as these devices have very poor security; if your wallet's private key is stolen, it could be disastrous. Alternatively, prepare a device without any important files. Fortunately, Tencent Cloud is currently running a promotion: new users can get their first annual lightweight server subscription for just a few tens of yuan.
This week BTC plummeted by $15,000, yet on-chain data shows complete silence, making it impossible to find the source of large-scale selling?
After looking at yesterday's news, this week's Bitcoin crash may be related to Hong Kong hedge funds? Traditional finance took advantage of the yen carry trade, establishing massive BlackRock IBIT option positions off-exchange, betting on a price rebound.
However, the rebound did not come, and the yen financing cost instead soared, combined with the chain reaction of silver market volatility, leading to a broken funding chain and forced large-scale liquidations.
The most ironic thing is that because these people are dealing with ETFs and over-the-counter options, they are completely detached from the traditional crypto ecosystem. Therefore, on-chain, there are no records of large whale sell-offs; the real selling pressure actually comes from the settlement slips of the traditional financial market.
Does this mean that in the era of ETFs, the pricing power of Bitcoin has shifted?
In the past, when the market was volatile, everyone was accustomed to checking on-chain data to see which whale transferred coins to exchanges, with a clear and visible logic. But now, the most deadly selling pressure may come from places we cannot see.
Hong Kong funds are using yen arbitrage to gamble on ETF options, and this way of playing is completely detached from the transparent mechanism of blockchain. After Bitcoin was securitized, it naturally inherited all the drawbacks of traditional finance.
This cross-market dimensional harvesting may only increase in the future.
Does this logic explain this week's extreme market conditions? Feel free to discuss in the comments.
Serious creators should not be let down by traffic, and should not lack money for the New Year.
I didn't expect it, really didn't expect it, I actually received a tip of 1BNB from Binance Square. Last year, quite early, I posted a few pieces of content on Binance Square. At that time, I was feeling anxious; after posting, I felt there was no traffic and no feedback, and after sticking to it for a few days, I stopped updating. Until last month, watching the market fluctuate, the urge to express myself came back, forcing myself to sit back in front of the computer and start restoring stable updates. Many people may not know about Binance's incentive event this time, because the last round of 100 BNB was not enough to distribute, so this time it was directly increased to 200 BNB. This is the current attitude of Binance Square, directly using real money to pay tribute to quality content. However, there are only 6 days left until it ends, so family members who want to participate should hurry up.
We all know that new public chains and L2 solutions are indeed too rampant. After issuing tokens, the actual users on the chain are few and far between. Initially, this kind of monotonous infrastructure narrative has become difficult to evoke interest, but I want to say that Abstract is truly different. The core difference of Abstract lies in the fact that its operator is Igloo Inc., which is the team behind the Fat Penguin Pudgy Penguins. These people really understand how to sell Web3 products to ordinary people in Web2. They have exploded toy sales at Walmart, right? This means that as soon as Abstract goes live, it can immediately import a vast number of real users through existing consumer channels. It uses ZK Stack to ensure the technical lower limit, but the upper limit completely depends on the landing ability of consumer-level applications. In this industry, the ability to package complex technology into fun products is more scarce than pure technology.
Bithumb actually mistakenly issued 620,000 bitcoins, not 2,000?
According to the latest news, the South Korean cryptocurrency exchange Bithumb actually mistakenly issued 620,000 bitcoins, rather than the previously speculated 2,000. However, the officials quickly froze the related accounts after the incident, and have now recovered 99.7% of the bitcoins, with 93% of the 1,788 bitcoins that were already sold recovered.
User: I almost got rich!
$BTC $ETH $BNB
Mulight
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Finally know the real reason for the drop in Bitcoin?
A serious operational accident occurred at the South Korean cryptocurrency exchange Bithumb. A staff member originally planned to issue a reward of 2,000 Korean won but mistakenly entered 2,000 Bitcoin, resulting in hundreds of users unexpectedly receiving huge amounts of cryptocurrency😅
Finally know the real reason for the drop in Bitcoin?
A serious operational accident occurred at the South Korean cryptocurrency exchange Bithumb. A staff member originally planned to issue a reward of 2,000 Korean won but mistakenly entered 2,000 Bitcoin, resulting in hundreds of users unexpectedly receiving huge amounts of cryptocurrency😅
Isn't Binance's $1 billion market rescue fund actually just buying the dip? With Binance around, why fear buying the dip?
Since 8 AM this morning, Bitcoin has already broken through $69,000, rebounding nearly 15% from the low.
This clearly shows the strength of support at this level.
$BTC $ETH
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Brothers, we've hit the bottom, I have a strong feeling that the knockoff season is truly coming, an invincible bull market is on the way. $BTC {spot}(BTCUSDT) $ETH {spot}(ETHUSDT) $BNB {spot}(BNBUSDT)
The biggest problem with on-chain contracts, has someone finally solved it?
There are two main reasons why people do not engage in on-chain contracts: · Gas is expensive (now resolved by L2) · Can't play on the phone, lost connection when going out.
I just tried the StandX mobile version, and I was a bit surprised. It actually makes the Perp DEX as smooth as the Binance APP. Specific steps 1. Log in to the website: https://standx.com/referral?code=mulight 2. First select the perpetual contract, then click the small phone icon. The globe icon next to the phone icon on the Chinese interface can be switched.
3. Click to generate the QR code, scan it directly with your phone camera, and it will redirect to the browser. 4. Click on the mobile connection option, and the verification option will appear on the computer web version of Standx. Authorizing the device wallet signature allows for smooth order placement on the phone.
Just saw Trend Research deposit another 30,000 ETH into Binance. Everyone, don't panic; this is just pure deleveraging, simply to survive. Previously, the lending exposure was too large, and if they don't cut losses to repay debts now, waiting for on-chain liquidation is a dead end.
Let's do some calculations: To unload all leverage, a total of 320,000 needs to be sold, and 216,000 has already been processed. In other words, the most dangerous moment has passed, the progress bar is over halfway, and there are 146,000 left to offload.
This is actually good news for those in the market. When the whales give up and exit, it is often the most genuine signal that the market has reached a bottom. When this 146,000 is sold out, perhaps that's when the market can truly shed its burdens.
ZAMA: "If you lose money, it's the market's fault, and you should be grateful we took your money instead of just airdropping it."
The auction clearing price on the ZAMA chain is 0.05, but the launch price of ZAMA directly fell below par, and it has been continuously declining. The team has completely given up, causing significant dissatisfaction among community members. Should they cut their losses and exit? Or should they average down and wait for a rebound? For the ZAMA team, they don’t care about the survival of retail investors, and this group is the most shameless I've ever seen. Just a couple of days ago, the ZAMA team posted a long and foul message denying this price drop. Let me translate for everyone!
The introduction first shifts blame to the broader environment, even bringing up the largest collapse of precious metals since the 1970s as a grand narrative to explain TGE's dismal performance. Timing is part of the project's capability; if it rises, it's due to excellent operation, but if it falls, it's just that this market isn't good enough? This logic of 'only winning and never losing' is rather childish. If you're bold enough to issue tokens, don't complain when the road is slippery in the rain.