Use OM's latest events to expose the biggest lie in the crypto world: market rescue!
This article can be of great or little value; for newcomers, it can save a part of your total position; the term 'market rescue' really needs personal experience from many projects to understand, to be precise, it is the exit strategy of the manipulators.
1. A few hours ago, the CEO of the OM project proposed to burn his own OM tokens to regain investor trust, and I knew what he was going to do next.
2. Two days ago, at the first moment of the OM incident, I conducted an analysis, at that time the OM screenshot was 1.158, and now it's 0.77; the manipulator kept shouting 'market rescue', 'buyback', 'burn', but didn’t expect it to drop by half again.
3. With my many years of industry experience, I have witnessed countless projects shouting buyback and market rescue, most of them eventually running away; but there is only one exception that survived, and that is Curve!
The 'incident' of Curve Finance founder Michael Egorov erupted in the second half of 2023, involving smart contract vulnerabilities, platform attacks, high leverage debt, potential liquidation crises, community intervention, and 'market rescue' actions, which can be regarded as a classic crisis case in the DeFi world.
At that time, this project had the right conditions to come back to life:
(1) The project's utility, innovation, and industry position had excellent fundamentals, and DeFi is the cornerstone of the crypto world.
(2) The overall environment was still good, with countless big players stepping in to rescue for their own interests and the industry.
(3) It was profitable; when CRV was at a market price of 0.65, it sold to you at 0.4, needing only to lock it up for a period. Big players rescue the market and gain fame and traffic!
4. Advising those who are suffering losses to cut their losses will not yield gratitude, but rather they will bear the blame; however, objectively speaking, in the current environment, no project can hold on. Brother, I’m sorry, I hope you can face reality!
