SEC Takes Action + Hong Kong Cracks Down! #PEPE‏ Liquidity Exhausted, Is It the Next to Go to Zero?

The top 10 addresses control 42%, large holders sold 1.27 million coins, breaking through buy orders, trading depth dropped by 50%, triggering a "long liquidation".

Relying solely on "memes + internet celebrities", with no technology, staking, or applications, Bitcoin was first abandoned during its blood-sucking phase, with a 9% drop in trading volume over 7 days.

The SEC is investigating the ZK-Rollup sector, Hong Kong is cracking down on unlicensed token sales, high-risk funds are withdrawing, and liquidity is exhausted.

The price has dropped below $0.000011, 125x leverage contracts are liquidating, daily liquidations increased by 370%, forming a death spiral.

Current market cap is 5.7 billion, needing 57 billion for a 10x return, but without technology or ecosystem, pure sentiment cannot support it.

Total supply is 420.69 trillion coins, with 6.9% burned failing to offset circulating supply, after historical surges, a drop of 60%+ is inevitable.

Google searches down 28%, Telegram users down 37%, funds are shifting to new meme coins, PEPE is outdated.

#加密市场回调 #Strategy增持比特币 #ETH质押退出动态观察

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