The delisting of ULTIMATE contracts by OK caused panic selling in the market, leading to a direct crash.
This is the risk of trading contracts with small cryptocurrencies—poor liquidity and a sudden drop with any market movement; once the platform takes action, there's no time to react.
If the big players don't leave, the coins won't die; if the platform moves, no one can be saved.
For hot coins like ULTIMATE, there are many short-term opportunities, but it's crucial to set stop losses, especially with contracts; otherwise, it’s easy to return to square one overnight. For a more stable approach, it’s better to gradually buy spot assets.