Not a liquidation, but a disillusionment: The structural collapse behind the Liangxi incident
The liquidation of Liangxi is not just the end of a KOL, but the collapse of a systemic story. What is this structure? Gathering funds through trust → Building a myth around heavily invested KOLs → Relying on market trends to maintain the illusion → Utilizing emotions to create traffic → Collectively collapsing when the system can no longer be self-consistent. This is a faith-based economy of managing funds without regulation, risk control, or an exit mechanism. What has truly been liquidated is not the assets, but your imagination of how this system can continue to operate.
