This round of harvesting is too ruthless! The delisting announcement directly turned into a $3 billion slaughter feast, and those who saw through the tricks are laughing in anger——
At first, Binance said it would delist ALPACA, a worthless token that nobody wanted, and everyone thought it was doomed. As a result, this token skyrocketed by 150% and doubled in just a few hours! The short sellers were dumbfounded: who would be buying it if it was going to be delisted? Isn’t that just asking for death?
On April 25, things got even crazier, ALPACA surged again by 175% and then plummeted in an instant. At this point, Binance secretly changed the funding rate algorithm, collecting fees every 2 hours instead of 4, and finally once an hour. The short sellers were thrilled, thinking this was a classic "dead cat bounce" scenario, and quickly increased their short positions. What happened next? This was clearly bait set by the market makers!
By the 29th, the funding rate skyrocketed to 4% per hour! How outrageous is that? Short sellers had to pay a 4% fee every hour; if they didn’t get liquidated, they would be bled dry. On the 30th, ALPACA surged to its all-time high, with the 4-hour liquidation volume overwhelming the entire market! Behind the $3 billion trading volume in 24 hours, $110 million in gambler chips was wiped out in one go.
The most incredible part is that the project team had already liquidated and fled! Those market makers dumped their tokens the moment the delisting announcement was made, and now 90% of the tokens are in the hands of a mysterious large holder—some say it's a big player, but it could very well be a disguised market maker! They don’t even need to sell the tokens; as long as they push the price up, the shorts will get liquidated and pay up.
This operation is simply brilliant: using the delisting announcement to create panic, triggering a pump to entice short sellers, and using funding rates as a noose, waiting for the liquidation feast. Originally, cleaning up junk tokens by the exchange is a good thing, but it was turned into a precise harvesting machine by the market makers. Worthless tokens turn into cash machines, relying not on any fundamentals, but purely on tricks!
Remember the bloody lesson: shorting is never picking up money! Bulls can at most lose their principal, but shorts risk losing everything down to their underwear. When the rules are arbitrarily altered by the market makers, even the most seasoned traders can be pressed down. This is not a surge; it’s clearly a meticulously designed slaughterhouse!
Want to recover? Want to feast? Layout potential tokens, publicly available for everyone, leading you to position in the major bullish wave!
