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Ruthless people don't talk much! The exchange took action directly—run on these 5 coins immediately!
Just now, Galle dropped an announcement: the perpetual contracts for RNBW, TAI, AIOZ, BGSC, and OWL will all be delisted on March 20th! No negotiation, just cutting them off directly!
As soon as the news broke, AIOZ already pissed itself, dropping 0.66%. Don't underestimate this decimal point movement—this is the market voting with its feet! The other few are still showing 0% on the surface, but that's just the eerie calm before the storm.
My personal take: This is the exchange literally telling you in plain sight—these coins have no liquidity, or straight up the projects are done. Once perpetual contracts stop, market makers bail immediately, and the remaining spot market becomes a dead zone where whales can slash and burn however they want. You're still holding with no closed positions? You're the sucker buying at the end!
What's the market impact? This is basically a prelude to a small-scale liquidation storm. For those with open contracts, between 07:30 and 08:00 that half-hour window, prices will be ground into the dirt, and liquidations could happen in a flash. Don't expect the settlement price to be a pleasant surprise—that half-hour average price will almost certainly trend lower.
What should players do? One sentence: move fast—now, immediately, close your positions! Don't wait until the morning of the 20th to see how that half-hour's "average index price" wipes out your underwear. If you're holding spot, dump it on those clueless bag holders ASAP. Don't wade into these murky waters.
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