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The coins on the gainers list! Many people saw it drop all the way to 0.0995 and suddenly started to rebound.
Most people excitedly thought a V-shaped reversal was coming and prepared to buy in.
Wake up early, brothers, and let Mr. Fang tell you straight!
This rebound is not a strong rebound at all, but rather hackers cutting off the main artery, with the main players just dressing up a corpse!
It's already been fully confirmed—the THE token has become a hacker’s super withdrawal machine.
Hackers manipulated the market through the Venus lending protocol, first forcibly pushing the price up, then using THE as collateral to疯狂借出上千万美金的资产.
After pulling the money out, they directly dumped大量代币 into the market, all handed over to unsuspecting retail investors.
Now, the entire protocol is filled with bad debts that can’t be repaid, and the project’s trust has completely collapsed.
Don’t be fooled by the official announcements still stubbornly denying it; the small rebound on the chart is just a desperate struggle.
Above, there are huge amounts of trapped orders left by hackers and whale manipulations, and below, no real big funds dare to buy these blood-stained chips.
Once the pathetic buy orders at the bottom are exhausted, what awaits is a bottomless chain reaction of zeroing out!
So it’s best to wait for a high position to short and position yourself, rather than chasing rallies or panic selling! The upside potential is very limited…