cryptocollapse

The most controversial figure in crypto has just taken a $128 million loss.
If you’re unfamiliar with him, here’s a brief backstory on Garrett Jin.
Jin was the operator behind BitForex—the same crypto exchange that abruptly disappeared in 2024 with nearly $57 million in user funds, despite fraud warnings issued by Hong Kong regulators. To this day, affected users have not recovered their assets.
Fast forward to October 11, 2025.
Garrett opened an enormous $1.1 billion short position on $BTC and $ETH via Hyperliquid. Just one minute later, former U.S. President Donald Trump announced 100% tariffs on China. Markets reacted violently.
Within 24 hours, over $19 billion in positions were liquidated across crypto markets. Garrett’s trade surged into profit, with his PnL reportedly touching $200 million in a single day.
The timing raised eyebrows across Crypto Twitter. CZ reposted an on-chain investigation, and Arkham Intelligence labeled the wallet as a “Trump Insider Whale.” Speculation exploded.
Garrett denied all allegations, stating the trade was based purely on macro analysis, not insider information.
After the massive win, sentiment shifted.
He flipped bullish and opened large long positions on BTC and ETH, reportedly worth hundreds of millions. The same aggressive conviction that made him famous soon worked against him.
ETF outflows increased, tariff concerns lingered, and Bitcoin began to slide. With BTC now trading around $77,000, Garrett’s positions unraveled. He was liquidated, locking in a $128 million loss.
The market, as always, had the final word.
Even those who seem to anticipate the future can’t win every trade.
#CryptoCollapse

The Collapse of $LUNC: A Crypto Disaster That Shook the Market! 🚨💥
Once a beacon of hope in the cryptocurrency world with an all-time high of $119, $LUNC’s rapid freefall to $0.00001 in a single day remains one of the most devastating moments in crypto history. Here’s a closer analysis of the events that led to this unparalleled collapse:
What Caused LUNC’s Downfall?
1. The UST Peg Breaks:
Terra’s algorithmic stablecoin, UST, lost its $1 peg, triggering an uncontrollable chain reaction. This instability sent shockwaves through the Terra ecosystem, leading to relentless sell-offs for both UST and LUNC.
2. Liquidity Dry-Up:
As panic spread, the Terra network experienced a severe liquidity crisis. Investors attempting to exit found themselves trapped as liquidity evaporated, intensifying the downward spiral.
3. Massive Panic Selling:
Fear engulfed the market as holders rushed to dump their tokens at any available price. The sell-off pressure annihilated LUNC’s value within hours, creating an unstoppable avalanche of losses.
4. Flawed Algorithm:
Terra’s algorithmic design, which was meant to stabilize its ecosystem, completely unraveled under the stress. Instead of controlling the collapse, the system amplified the damage, exposing its fatal vulnerabilities.
5. Trust Shattered Overnight:
Confidence in Terra’s ecosystem and algorithmic stablecoins evaporated almost instantaneously. This loss of trust drove investors to abandon LUNC, leaving it in a chasm of uncertainty.
Can LUNC Recover?
Despite the devastating collapse, there’s still a faint glimmer of hope for LUNC’s revival, but the challenges ahead are monumental:
Potential Upside: If LUNC can stabilize above $0.00015, a potential rally toward $0.00318 or even $0.0520 might be achievable. Such a recovery would depend heavily on renewed interest and restored confidence among investors.
Further Downside Risks: However, if the price dips below $0.00012, LUNC could face further declines with no definitive bottom in sight. A prolonged downturn could spell even more trouble for this beleaguered token.
Will LUNC Rise Again or Fade Into History?
LUNC’s story is far from over. Its unprecedented crash serves as a harsh lesson about the inherent risks of algorithmic systems in crypto. While recovery is not impossible, it will require substantial efforts to rebuild trust, redesign its infrastructure, and restore investor faith.
For now, the path forward remains uncertain. Stay informed, monitor key levels, and keep a close eye on market sentiment—LUNC’s next chapter is still being written, and it’s one the crypto world won’t forget anytime soon.
#LUNCRecovery #CryptoCollapse #Debate2024 #BinanceUpdates #XRPtoTheMoon #Share1BNBDaily