Liangxi is not the first time, nor will it be the last: A retrospective on the liquidation history of cryptocurrency KOLs
We should not only discuss Liangxi, but also look back at the history of liquidations among cryptocurrency KOLs. Once known as 'Hundred Times Brother', 'Investment King' before the fall of FTX, and 'Valuation Big V' during the NFT bull market... They were glorified during good market conditions and abandoned during bad ones. Essentially, they never built a stable system; they were just betting on the popularity gains during a bull market. As long as the persona is built on speculation, leverage, and emotion, such liquidation events will continue to happen again and again.
