In my nearly 20-year career as a trader, I've had so many failures that you can't even imagine! For the first 5-7 years, I was there trying and failing, getting depressed, and then feeling like a hero! A wheel spinning between successes and failures! It takes time and a lot of effort! Do you know why so few of us manage to do it? Because 99% of the new kids out there lack the will to try for years and years! Never give up! And achieve your goals!๐
Why Did $VRA Crash From $36M+ Mkt Cap Earlier Today To $21M, Within 2 Hours?
And got its margin trading pair
delisted from a major CEX (OKX)
This was not a PoV sell, or any secret dump off from the team.
Let's Break Down What Exactly Happened!
Recall that $VRA was one of the biggest gainers of today, as a result, leveraged short positions were triggered leading to liquidations
Once this happened, spot holders panicked and started selling, this heavy sellings immediately led to a massive dump.
Since Market Cap โ liquidity
The tens of "millions" of change might have just been a 500k sell in a low volume moment triggering stop losses and so on.
Just like $OM's crash nothing close to billions ever moved in the market
Despite the $5B mkt cap loss, the liquidity in that whole drop was roughly $50M - 100M in total, dyg?
Like i mentioned earlier, this was not a POV sell off as confirmed on Etherscan.
$VRA has started recovering nicely and is now sitting at $22M MC.
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There aren't enough good teachers.
Many teachers are not passionate about teaching.
The few good teachers don't get paid enough.