Market manipulation incident happens again! The PENDLE PT market experiences abnormal price fluctuations, with long positions worth $36 million being liquidated in bulk, reigniting industry concerns about the risks in DeFi derivatives markets.
This incident exposes the fragility of low-liquidity derivatives markets—large capital can easily manipulate price movements, triggering massive cascading liquidations. For ordinary traders, when participating in such niche markets, it’s crucial to pay extra attention to risk management and avoid high-leverage strategies.
$PENDLE At present, the project team has already issued a risk warning; the market’s subsequent direction remains full of uncertainty. Remind everyone to stay cautious and manage positions well in the current environment of heightened volatility.
#DeFi #加密货币 #Pendle
This incident exposes the fragility of low-liquidity derivatives markets—large capital can easily manipulate price movements, triggering massive cascading liquidations. For ordinary traders, when participating in such niche markets, it’s crucial to pay extra attention to risk management and avoid high-leverage strategies.
$PENDLE At present, the project team has already issued a risk warning; the market’s subsequent direction remains full of uncertainty. Remind everyone to stay cautious and manage positions well in the current environment of heightened volatility.
#DeFi #加密货币 #Pendle