Amidst this brutal harvest, who is anticipating the next COAI?

Author:zhou, ChainCatcher

Since  September, the cryptocurrency market has witnessed a series of brutal exploits, from MYX, AIA to COAI. The market manipulators and project teams colluded to use sophisticated control and manipulation techniques to wipe out retail investors' funds. Despite the obvious signs of this exploitation, a large number of users in the market are still hoping for the next "100x coin," fearing they might miss out on a chance to get rich quick. The evolution of the "harvesting template" from MYX to COAI.Finance. The decentralized derivatives exchange MYX, whose token was listed on Binance Alpha in early September, had an initial market capitalization of approximately $100 million, but trading volume was relatively low. In early September, MYX suddenly surged, its market capitalization rapidly climbing to over $3 billion. It then entered a period of high-level fluctuation, accompanied by intraday "needle-shaped" rallies and pullbacks, resulting in negative funding rates. The top ten addresses held over 95% of the shares. According to data, 9 months18On MYXa single-day rise298.18%, with an intraday amplitude as high as317.11%, among which short positions were liquidated

Alpha Narrative amplification and harvesting effect?Are you referring to the narrative amplification and harvesting effect?Are you referring to the narrative amplification and harvesting effect?