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Last night, @48ClubIan also came to find me, saying it wasn't their doing. Although he has always had a bad temper, he still acts quite straightforwardly, and I believe him.
After waking up, @ai_9684xtpa, the little princess, indeed sorted out the specific details of $Zkj and $Koge's drop last night, not disappointing me. Sometimes, it's good to be lazy because you know you have reliable partners, haha.
It seems that $Koge didn't make the first move. Instead, large investors first withdrew liquidity and crashed $Zkj, then crashed $Koge. Given the close relationship between these two coins in Alpha points farming and both being major users of the Alpha farming bug, their coin prices are highly correlated.
Personally, I think the risk warning from @48Club_Official's Official Twitter was likely one of the factors that prompted large investors to withdraw liquidity and crash the market. Aren't liquidity providers just trying to ride along with the market and enjoy the Alpha farming bonus for a while? To put it bluntly, it's like making a deal with a tiger - when the knife falls, you'll be buried. So they are very sensitive and try to avoid risks in advance.
I may have wrongly blamed @48Club_Official, but it was a good opportunity to popularize the risks of liquidity providing. I sincerely do not recommend small retail investors use their limited capital to gamble on these small gains, because whether your capital stays in your pocket depends on whether the market makers are kind and when they will close the net.

土澳大狮兄BroLeon
@BroLeonAus
06-14
一周前我已经提醒了,头铁贪图三瓜两枣LP收益的估计吃了个满手 $KOGE 了吧,难得获得那么好的流动性,不出货你真当项目方是菩萨呢?
说实话4小时前 @48Club_Official 官推已经提醒过要出货了,难得看到这种推,算不算有点良心?😂😂😂
@PolyhedraZK 的 $ZKJ 也出了一根大红柱子,不清楚是 $KOGE x.com/BroLeonAus/sta…





Hahaha, thanks to Brother Dashi, I’m back to being a little princess🤪
Nanny little princess nb🤪
Big Brother was backstabbed

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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