#BNX A manipulation project. The handshake between MM and the Exchange:

_ As we know, this is a project that has increased in price more than 10 times in the past month. However, the way it moves is very strange and full of surprises. It does not follow any market rules.

_ When the price of BTC rises, it can increase or decrease at will, depending on the volatility that MM wants as long as they can kill as many longs/shorts as possible. When BTC falls, it remains the same.

_ The interesting thing here is that even though the price has increased more than 10 times, the funding rate of this project always remains stable at 0.005-0.038%. It's absurd. Even when the price drops excessively or rises too high, this rate does not change. It's a blatant collusion from the exchange to help MM manipulate the price easily!

_ In 3 days when both the stock market and the entire crypto world were in turmoil, this one only had bots trading back and forth to maintain the price, and the insignificant retail trades. It's quite funny that it didn't even bother to drop in price despite the entire market being in blood red.

_ Then, in just one short night, it shot up, then down, and then up again even though the open futures volume of about 68M tokens only changed slightly. Millions $ were liquidated whether long or short. At this point, whether up or down, all liquidation orders were cleared.

And then on 18/03 they changed the name. The exchange automatically closed all of your orders. My only advice:

_ If you are still stuck with orders, continuously monitor and set a reasonable number for yourself to cut the order whether you are in profit or loss.

_ If you are still uncertain whether to go long or short, stop immediately! Whether you long or short, you are only providing liquidity for MM and the exchange. Stay away from it!

This is the final warning!