That TRUMP token incident, to be honest, is a rare case of massive liquidity sweep in the crypto space. At its peak, the valuation was close to $68 billion, and now? It has dropped by nearly 98%.

What’s even more heartbreaking is that there’s nothing—no project roadmap, no one taking responsibility, just complete silence. The most discussed topics in the market are numbers and price fluctuations, but what truly deserves reflection are the retail investors who got caught on the other end. This kind of incident has caused a trauma to the trust in retail investors in the entire crypto circle, possibly more severe than any technical issue. One after another, such events—do newcomers still dare to enter?

No matter how deep the liquidity of mainstream assets like Bitcoin and Ethereum, it cannot change the fact that market confidence has been exhausted. This is a problem that needs to be faced.