2026-01-08 02:28:17

Recently, a certain chain's abstract stablecoin protocol has gained popularity. Gaining the favor of well-known investment institutions, launching new products, and market expectations stacking up, the token price soared to $26, with a weekly increase of over 830%. The protocol's locked assets surpassed $300 million, and its stablecoin circulation reached $270 million, with aggressive ecosystem expansion.

However, behind this surge is extremely polarized market sentiment. Funding costs once spiked to an absurd high of -2%/hour, with short positions frequently liquidated, and daily trading volume easily exceeding $1.5 billion. Although holdings are pulling back, bullish voices within the community and ordinary users' complaints about high fees and rule changes are intertwined, leading to fierce battles between bulls and bears.

If you want to short-term trade, you need to have the courage. Keep a close eye on the $18 level; once it stabilizes with sufficient volume, consider following in. But if it slips to $16, you should decisively exit and not hold on stubbornly. The cost of this round of market movement is too high, and any turbulence will eat into profit margins.

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DeepRabbitHole

· 01-09 10:06

830% this increase is really outrageous, but I'm still a bit scared. What kind of devilish operation is it to have a funding cost negative to -2%... With such high fees, what's the point of playing? This is just to cut leeks. I remember the key price level at 18, but to be honest, I'm still scared in this kind of market. Making money isn't easy, everyone. Wait, just locking 300 million can cause such a crazy rise? How many retail investors are going all-in... Short-term trading can easily wipe out your entire bottom line, I think it's better to just watch. The bullish and bearish sides are so divided, it feels like it could collapse at any time... Below 16, you really need to run. Don't ask why, lessons learned the hard way.

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BlockBargainHunter

· 01-08 23:05

An 830% increase sounds great, but after calculating the -2%/hour financing rate, I realize this is simply unplayable... Wait, from 26 to 18 to 16, is this wave of market really just a leek meat grinder?

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ApeWithNoChain

· 01-08 10:17

830% increase? That's a joke... Normalized liquidation of shorts, ridiculously high transaction fees, who can handle this? --- That 18-dollar threshold is really important to hold. If it slips to 16, I’ll just run, no need to gamble on this. --- -2%/hour? That's way off. This leverage fee rate is unsustainable. --- The ecosystem expansion is aggressive, but so many people are complaining about rule changes... I have a vague feeling there’s a trap behind this. --- Playing short-term with such high costs? You're asking for death. --- A trading volume of 1.5 billion sounds fierce, but with so many longs and shorts fighting each other, retail investors are really just being fed to the wolves.

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LiquidatedDreams

· 01-08 02:58

830% increase sounds great, but -2%/hour funding fees are really outrageous... This market trend is just a routine of cutting leeks. --- 18 is a hurdle; if you can't break through, don't be greedy. Last time I stubbornly held onto 16, I got wiped out. --- Locking 300 million sounds impressive, but looking at the normal liquidation of shorts, you can see how deep the protocol's water is. --- High transaction fees + frequent rule changes, who can withstand that? --- Instead of fixating on 18, ask yourself if you have the courage to cut losses... --- Another story of "gaining favor" leading to a surge; avoid it before the cycle completes. --- 150 million daily trading volume is really liquid, but those fees... eat up half the profit, no discussion. --- A circulating scale of 270 million, it just feels like accumulating risk. --- This market trend requires courage to make money; I’ll pass.

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MEV_Whisperer

· 01-08 02:54

It's the same old trick again: the more it surges, the faster it dies — -2%/hour? I just won't dare to touch it. Don't even think about the 18 mark, I'll just watch. Shorts getting liquidated doesn't matter; sooner or later, it'll be the longs' turn.

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HodlTheDoor

· 01-08 02:49

An outrageous 830% increase, but a -2%/hour fee is even more ridiculous. If this isn't gambling, what is? It's another round of harvesting the little guys. Early adopters make a huge profit, while those who join later all lose money. Is $18 a reliable level? It feels like it could break below $16 at any time. In this market trend, short-term trading is just giving away money; transaction fees eat up all the profits. Why is it always the same pattern? When prices rise, they hype it up wildly; when it falls, retail investors are crying and shouting.

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SandwichDetector

· 01-08 02:46

An 830% increase sounds great, but the funding cost is -2%/hour. How much can you really tinker with that? Once again, a short squeeze liquidation drama, and the community's complaints are drowned out by the bullish voices. This critical level at 18 must be held, or else 16 becomes the out-of-the-game line, no discussion. This round's cost is too extreme; even a slight bump results in heavy losses. I'm a bit afraid to touch it. From 26 to 18, the drop can also wipe people out in seconds. As a cautious person, I'll just watch the show.

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ZKProofster

· 01-08 02:32

ngl, the -2%/hour funding rates are unhinged... that's literally printing money for shorts until the liquidation cascade hits. seen this movie before, doesn't end well for late entries.

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