You thought Binance was giving you benefits, but actually, the wool comes from the sheep #币安HODLer空投RESOLV
ZKJ and KOGE have entered harvesting mode, the two coins most liked for brushing points have plummeted, initiating a hell-level harvest. ZKJ's price dropped from $2 to $0.5; who can still hold on? KOGE's price fell from $63 to $8.5, it's simply devastating.
Just a single ZKJ contract has liquidated $93 million, not counting those who brushed points and got buried from selling spot. Are those users brushing points still not waking up?
This kind of airdrop is inherently an unhealthy model; continuously airdropping is just killing the goose that lays the golden eggs. Imagine to retain users, you need to constantly brush points—the exchange takes the transaction fees, but who will pay for the airdropped coins? Continuously releasing new bloodsuckers, all are garbage altcoins, definitely won't last long.
The liquidity in this market is constantly being extracted; altcoins won’t rise anytime soon. Let the leeks learn from their mistakes; there won’t be free lunch in the sky.
Facts have proven that in this round of market conditions, very few altcoins have risen more than Bitcoin. Altcoins lack liquidity, making it difficult for significant market movements to occur. If short-term interest rate cuts don’t come, altcoins will still struggle to have a seasonal rise.
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