China Rare Earth Group's bombshell statement blows through the coin world!
The official unequivocally denies participation in any 'rare earth RMB stablecoin', which is tantamount to declaring that all digital currency projects claiming to be 'national team rare earth' are scams, air coins, and pump-and-dump schemes!
Rare earth is a national strategic resource; how can shoddy funds easily interfere? The authority of the central bank digital currency (digital RMB) is even less to be challenged!
A bloody storm is upon us! As soon as the news broke, all the shoddy coins and air coins that rode the 'rare earth' and 'CNY stablecoin' hype plummeted! X project coin (fictional code) halved in 10 minutes, and Y platform (fictional) related 'stablecoin' pool saw a massive run of tens of millions of dollars! Under strict regulation, these 'pseudo-stablecoins' lacking real national credit backing are on the verge of liquidity crises, with a skyrocketing risk of going to zero!
Retail investors' emergency response strategy:
Quickly cut losses! Any coin that includes terms like 'rare earth' or 'CNY Stable' must be sold off immediately! Don't fantasize about a rebound; under strict policies, only knives will fly!
Withdraw funds to hedge! Quickly transfer funds back to compliant exchanges or cold wallets, stay away from platforms crowded with small dog projects, and beware of scams!
Keep a close eye on the real leaders! The national digital currency (digital RMB) is the only legitimate one; any grassroots 'RMB stablecoin' is a high-risk trap! Wait for official actions from the central bank, don’t become cannon fodder!
Mig warning:
This heavy blow is just the beginning! The country is launching a comprehensive cleanup against 'impersonating' pseudo-stablecoins and pseudo-resource coins!
The market is a mixed bag; we need to enhance our discernment!
Tired of struggling alone? The Mig team empowers strongly! Non-ambitious madmen, please take a detour!