To be honest, the situation with OKX is quite disgusting. Locking users' funds during the lockdown, Not resolving the issue for half a month, As things escalated, they got anxious; where were they earlier?
1. They require users to submit work, salary, social security, fund transaction records... all sorts of information, and users are being pushed around just to get back their hard-earned money. Doesn't Star think this is an insult to the users?
2. They do not support users in taking out loans, So are your contracts not of a loan nature? Isn't a contract just a loan? What are you pretending to be, a pure white lotus?
3. Because users on your platform cannot close their positions during the lockdown, they end up watching their funds get liquidated; how will this be handled?
My suggestions: (1) Do not require users to submit complicated and lengthy information to prove their identity. Because this is a blatant insult to the users. (2) If the issue is not resolved within 30 minutes after the user submits their information for the first time, allow them to withdraw their funds and leave. (3) If you believe users need to provide various complex proofs, if users are unwilling to provide them, please allow them to withdraw their funds and leave. Many international banks and exchanges operate this way. (4) Clearly state how users whose positions cannot be closed due to your platform's risk control, resulting in liquidation, will be handled.
I hope for a wave of deep corrections, lasting until October, followed by a bull market at the end of the year, and a bear market starting in 2026 📉. This kind of trend would be perfect.
The token that was first added to the position at the opening of #加密市场回调 , the reason being that ECHO provides liquidity to XBTC, this coin will definitely rise.
The sharp decline in this trading competition has likely left many participants trapped in a loss. The market operates according to established economic principles, and there must be someone to take on the risks brought about by the decline; otherwise, the so-called 'welfare frenzy' is just a source-less stream. The ideal market ecology should be a virtuous cycle where all parties win — project parties stabilize market confidence in a timely manner, retail investors participate rationally to create value resonance, and capital circulates orderly within a reasonable price range, thus achieving sustainable and healthy development.
The total supply of Sahara AI tokens is 10 billion, with only 5.77% circulating on the market. It has been listed on all top exchanges at once, including Korean exchanges, with a public offering cost of $0.06 (6 billion FDV), which is just over twice that. The price is $0.15, with a 14 billion FDV. Many might consider shorting upon seeing this.
However, this popular project is different from small projects with a market cap of only a few million that are mindlessly shorted. The chip structure determines that it is easier to control the market. Regardless of whether the project is good or bad, the chip structure must be considered first. It is not just because the market cap seems high that one should short it; in fact, many coins with a particularly good reputation experience significant selling pressure due to the large amount given by the community.
From a fundamental perspective, no project in the crypto space is worth a high market cap, but funds can inflate the market cap.