Probably one of the most severe flushes I’ve ever seen on alts, I didn’t even imagine alts had this much leverage in them. It feels like someone got hit very hard and will see a large body float to the surface soon, reminds me a little of summer 2021.
Good reminder to myself to own things that I am actually bullish on, and not things I am trying to shift on momentum. Some charts look like they’ll never recover, whereas some things look buyable for the first time in a while.
When everyone is making hilarious amounts of money I am always tempted to start using leverage again. It is almost impossible to fight the feeling that you’re not making enough, or everyone else is outpacing you. Good reminder that fighting that feeling and avoid the wipeouts is worth it in the end.
Check on your friends, likely a bad day for many.
Personally, am concentrating my bags into the things I am happy to own for the next few years, and shedding the fat. Realised I own some assets based on not wanting to miss out, rather than on some actual thesis. Days like today are much easier for me if I think my bags will bounce back, and much worse if I’m losing money owning things I don’t even believe in.
Don’t let a leverage blowup dictate your long-term views. The future is bright, good things to come, patience is rewarded.
嵐の後
I used to think crypto was the fastest horse and the most asymmetric asset class you could allocate to. After five years of trading through narrative rotations, blow-ups, hacks, and endless cycles of manufactured exit liquidity, I don’t believe that anymore. If you have cash on the sidelines, I wouldn’t recommend allocating the majority of it to crypto.
There are maybe <10 actually investable tokens in this entire industry. The rest are zero-sum, overvalued, extractive hype machines with no staying power. Everyone knows they have no staying power, but they still join the crowd and meme things up so they can sell to a greater fool.
99% of crypto twitter's sentiment volatility comes from people not understanding what they own and to be fair, with most tokens (especially L1s), nobody even knows how to value them. Right now for me, the only real reason to trade crypto is to capitalize on short emotional dislocations like when Plasma got shilled as Tether beta. This was picking off desperate, less sophisticated participants.
For the last few years, everything in crypto traded at a premium to fair value simply because it was crypto. That premium is gone. Without real structural change or equity like protections, I think the pendulum swings the other way and tokens start trading at a discount purely because of the association with crypto.
Retail will still chase the “fastest horse” to escape the rat race. I just don’t think crypto is that vehicle anymore. The last few months in equities proved stocks can behave like alts too… except their “alts” are backed by actual businesses.
The AI x crypto meta is the perfect example: not one project had staying power. Meanwhile, AI equities have been melting faces. Even memecoin traders migrated to perps, got blown out on 10/10, and now with equity perps emerging, they’ll probably move there next. At least the underlying company is legit.
It feels like almost everyone in crypto is a speculator, not an investor. That’s the sad part. The underlying tech has the potential to create real, lasting change, but the space has mostly attracted the most extractive, short-term actors. The only way forward is a full reset where the dead weight gets cleared out and only the teams building real, durable applications survive.
participants coming to the realization that they're better off in equities. onchain/crypto is not dead by any means but it is foolish to solely focused on crypto given how equities have been and will keep performing
Alright, it’s time to clean this up and set things straight.
We understand there have been many concerns about MEXC’s current risk control mechanism and our communication after actions were taken.
We didn’t respond directly or quickly enough before.
Starting now, we’re making the following meaningful changes:
1. Shorter lock periods: The fastest review will now take 24 hours, most cases will last 2–30 days, and even the most severe will be capped at 180 days instead of 365.
2. Earlier intervention: When suspicious activity is detected (e.g., multiple accounts), we’ll act immediately, rather than waiting until after trading activity occurs.
3. Greater transparency: Users will be clearly informed of the reason for any restriction — no more vague or canned “violation of trading rules” messages.
4. Daily review and correction: Our team will conduct daily audits to unfreeze any mistakenly flagged accounts and offer trading bonus compensation for the inconvenience caused.
This is only the first step in improving how we handle risk control. Your feedback matters, and we appreciate everyone who continues to push us to build a fair, transparent, and trustworthy trading environment at MEXC.