LA Harmony's needle, whether in the square or the community, spreads quite widely.

From my own perspective, although this wave looks exaggerated, the logic is actually quite clear.

The Alpha sector has already formed a path dependency, and the market has internalized the expectation of "dumping after the airdrop."

Everyone is directly shorting at the opening, hedging to eat the fees, with a unified direction and clustered emotions. In plain terms, this has become the most standard and collective operational mode at present.

At such times, as long as the market depth is a bit thin, a manipulative trader can act in the opposite direction, and with not much capital, can break through the price range and sweep up all the short positions in one go.

I won't conclude whether there are issues with the platform mechanism, but the more consistent the market expectations are, the weaker the liquidity becomes. With a cunning manipulative trader, such incidents can easily happen.

Even a strong general has to curse after losing: damn those manipulative traders going up and down, damn it.

Harmony must still be cautious; it's not easy for everyone to make some money. In the end, let's also observe the details of the situation and wait for the final outcome from Gate.