rugpul

✖️ Essence Finance's #StableCoin CHI value dropped by over 90%

➡️ This happened after rumors of collateral withdrawals exceeding $20 million.

📉 According to #Geckoterminal , the price dropped by almost 98% to $0.01338 in less than a day.

😡 This has led to accusations of “ #rugpul ” against the developers, although Essence Finance has yet to comment.

There is something strange with the milania token, every day the price continues to fall to the lowest price and the change to the lowest price is the first time I have seen such an extreme and drastic price change, similar to Luna before which was Rugpul, but Luna's price drop was faster and there were more of them, while Millenia was slower and there were fewer of them, but the scheme was almost the same, both the interval and the period, and until when the lowest price was, was it up to $ 1 or even to a price of $ 0.1 - $ 0.01, it's a shame to buy at a low price, no matter how much, tomorrow and so on, it will be cheaper, it's really unfortunate, Millenia investors #rugpul #DeepSeekImpact $SPELL $AIXBT $D

🚨Crypto market in chaos: $760M liquidated in 24 hours🚨

🗣 The cryptocurrency market is being hit by a new wave of turmoil. In a span of 24 hours, nearly 760 million dollars have been liquidated, with 200 million in just one hour.

This sharp movement, a symptom of an ever-bubbling market, reflects the vulnerability of leveraged positions to sudden price fluctuations.

At the same time, this situation highlights the significant challenges investors must face, balancing risk management and heightened volatility. In the last 24 hours, the cryptocurrency market has been shaken by a series of massive liquidations, plunging trading platforms into unprecedented chaos.

According to data published by Cointelegraph on December 9, 2024, on social media platform X (formerly Twitter), "nearly 760 million dollars have been liquidated during this period, with a peak of 200 million dollars in a single hour." These figures, revealing the brutality of the events, indicate a deep imbalance caused by a rapid drop in prices across several major assets.

The most affected assets include Bitcoin and Ethereum, often considered the pillars of the crypto ecosystem. Thus, traders who had taken positions with high leverage were unable to cover their margin calls, triggering a cascade of forced selling.

This mechanism, already well-known in such volatile markets, amplified the price drop. Furthermore, this price decline creates a domino effect that has intensified volatility and reinforced a climate of panic among investors.

For investors, these losses underscore the urgency to develop more robust risk management strategies capable of cushioning the impacts of sudden market fluctuations.

#bearish #bearstime #rugpul #BTC☀️

$BTC $ETH $XRP