The counterfeit has fallen too hard, blood is flowing like a river.

Entering the scene for 17 years, I remember this is the first time I've seen some tokens drop 99.9% within a day, or even go directly to zero.

According to crypto KOL and Primitive Ventures co-founder Dovey, this plunge is speculated to be caused by a certain large institution (possibly a traditional trading company using cross-margin) experiencing liquidation on the Binance platform.

I wonder if any friends have been liquidated because of this incident; let's patiently wait for Binance to provide the latest official announcement.