DASH, originally named Darkcoin, focuses on anonymous payment features and was once highly regarded for concepts like master node networks and instant transactions, with its price soaring to the thousand-dollar level. However, the coin's anonymity attribute has gradually been exploited by manipulators, turning it into a tool for harvesting profits.
The computing power of DASH has long been highly centralized, with a few large nodes controlling over half of the power, giving them the ability to manipulate block transactions and influence coin prices. In the bull markets of 2017 and 2021, manipulators first promoted the leading anonymous payment track and institutional heavy investment through community hype to attract retail investors to buy at high prices. Once the coin price reached a temporary peak, the manipulators concentrated their sell-off of chips while using their power advantage to create transaction congestion, making it difficult for retail investors to sell in time.
Additionally, the decision-making transparency of the DASH team is extremely low, with the master node profit distribution rules being modified multiple times without being disclosed to the community, resulting in the rights and interests of small and medium investors being harmed. Later, as regulations tightened on anonymous coins and technologies like the Bitcoin Lightning Network matured, DASH's core advantages gradually diminished. Manipulators took the opportunity to completely withdraw, and the coin price plummeted over 90% from its peak, leaving countless retail investors trapped and turning into bag holders.
This case also exposes the fatal flaws of centralized computing power and high regulatory risks associated with anonymous coins, becoming a typical case of concept speculation + manipulation in the cryptocurrency circle.
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24-hour cryptocurrency market volatility intensifies: trading volume exceeds $210 billion, liquidation of $258 million sparks discussion
On December 17, the cryptocurrency market continued to fluctuate. According to data from Coinglass, the total trading volume of derivatives across the network reached $211.3 billion in the past 24 hours, a decrease of 16.48% from the previous day, but still maintaining a high level. The total amount of liquidations reached $25.8 million, a significant decline of 58.10% from yesterday, involving hundreds of thousands of traders. Among them, Ethereum had the highest liquidation amount at $10.39 million, followed by Bitcoin at $6.162 million, with Solana, XRP, and other altcoins also contributing significant shares. The long-short ratio is close to 49:51, indicating intense market divergence.
Bitcoin's dominance rose to 58.74%, and the fear and greed index fell to 15 (extreme fear zone), reflecting a low investor sentiment. The total open interest amount is $127.78 billion, down 3.10%. The funding rates for major assets remain positive, indicating that bulls have not completely exited the market. Among popular cryptocurrencies, some Layer 1 projects like HIVE saw an increase of over 11%, becoming short-term highlights, but the overall market is primarily in a correction phase.
The Binance Square community's hot topic focuses on liquidation risks and leverage control, with users sharing stop-loss strategies and discussing institutional trends. Many posts remind that while high leverage can amplify profits, it also easily triggers a chain liquidation. The current extreme fear may signal a bottom-fishing opportunity, with institutional ETF fund inflows stabilizing, and a long-term positive outlook for a rebound in 2026.
Investors need to be cautious of volatility, and it is recommended to diversify assets and control positions. Macroeconomic uncertainties remain at the end of 2025, with rational investment as a priority. The market may welcome new opportunities after clearing leverage, closely monitoring Bitcoin's $90,000 support level.
Sequoias that survive forest fires often grow even more vigorously—investors who have endured bear markets usually possess a stronger awareness of risks. True investment wisdom is reflected in the tolerance of uncertainty, rather than the pursuit of precise predictions. The market trough is the best time to build cognitive advantages, and calm research often reveals the key signals for the next cycle.
Scammers' tricks are endless, wake up, retail investors! Brothers, the cryptocurrency market is fraught with danger, do you know?
Ponzi scheme projects are simply the invention of the devil; there is nothing they cannot do if you can think of it!
Previously, I exposed the infamous EOS Cube exit scam incident — "Is another blockchain wallet pyramid scheme collapsing? The EOS Cube trick revealed."
This thing masquerades under the EOS banner, tricking people into locking their funds for high interest, and what happens? The operator absconds with the money, leaving a mess behind! In fact, the EOS Cube is not an isolated incident.
Long before it, similar farces had occurred in the EOS ecosystem. The model is old but vicious: first, using "high returns from locked funds" as bait, promising easy money; then relying on recruiting others for dividends, giving retail investors a taste of small profits to stimulate their greed. Once the pot gets big and the coins pile up, the operator leaves, and retail investors can't even find a place to cry!
Such a cash-strapped Ponzi scheme, relying solely on new money to fill old holes, is bound to collapse sooner or later. Wherever there are people, there are undercurrents; wherever there is greed, there are scammers.
Recently, a project called "ADA Node" has emerged, and it's obviously fake! It claims to be the "only officially authorized community of ADA"—which legitimate project would foolishly authorize just one community?
Isn't blockchain about allowing a hundred flowers to bloom? This is clearly building a car behind closed doors, cheating fools! Even more suspicious is, ADA is a foreign project; why is there no foreign login portal? Nine times out of ten, it's a Ponzi scheme fabricated by locals, borrowing a shell to lay eggs.
Registration even requires filling in an ID number? The core of blockchain is decentralization; Baidu and WeChat registrations don’t require an ID! Alright, I filled it in, and I casually made up a name and phone number and succeeded.
This dubious community will probably make the ADA officials furious — even their "100-square-meter toilet" must be crying! The funniest part is, they even set up a mall! Using Alipay and WeChat Pay?
Promoting projects and spreading updates is the real business; when did they start stealing Jack Ma's business? The ADA officials authorized you as the "only community"; your brains must be waterlogged! Full of loopholes, yet some people believe it?
The truly foolish may be the novices who don’t understand the tricks, while the pretenders have a gambler's mentality — "I can snatch food from the tiger's mouth!" Like a pyramid scheme, a few people make a fortune, while the majority lose everything, with some even jumping off buildings. #加密市场观察
On December 17, Solana (SOL) showed remarkable resilience amidst overall adjustments in the cryptocurrency market. According to CoinMarketCap data, the SOL price was approximately $127 in the past 24 hours, with a decline of 3.81%, reaching a low of around $124 and a high of $134. The 24-hour trading volume exceeded $5 billion, with a market cap of about $71.5 billion, firmly holding the seventh position globally. The adjustment was mainly influenced by major cryptocurrencies like Bitcoin, but SOL's dominance slightly increased, indicating relative investor preference.
Hot Events: The Solana network experienced the fourth largest DDoS attack in history, peaking at 6Tbps, second only to Google Cloud and Cloudflare incidents. However, the network remained stable, with no interruptions or delays, highlighting strong resilience after upgrades. Co-founder Raj Gokal personally confirmed, and the community praised, "Solana is hardcore." Although the attack triggered short-term emotional fluctuations, the derivatives market's SOL futures open interest dropped to around $7 billion, with moderate liquidation levels.
On the ecological front, Solana DeFi is active, leading in DEX trading volume, with fee income nearing $590,000. Institutional interest continues, with stable inflows into SOL ETFs, and analysts predict that by the end of 2025, the price could reach the $180-$200 range. Binance Square users are actively discussing: under extreme fear index, it may be an accumulation opportunity; maintaining support at $125, a rebound testing $140 is expected.
With current volatility high, it's advised to pay attention to network dynamics and overall market interactions, controlling leverage and setting stop-losses. Solana's fundamentals are strong, with clear advantages in high performance and low fees, and the 2026 upgrade may push new highs. #美联储降息
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