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$KAVA CRASHED -51% IN 1 DAY! DON'T BUY THE DIP BLINDLY!
What happened? Easy in 3 lines 👇
1. WHAT HAPPENED?
$KAVA was $0.068 yesterday.
Today KAVA is $0.033 - Low $0.030 - All Time Low!
-51% in 24 hours.
2. WHY DID IT CRASH?
Kava Lend got hacked / abnormal activity.
48.36 Million KAVA = $3.3 Million moved to BNB Chain and SOLD for $BNB.
Wallet STILL holds ~47.9 Million KAVA - more selling can come!
3. EXCHANGES REACTED:
Binance, Upbit, Bithumb, Coinone SUSPENDED KAVA Deposits + Withdrawals.
Kava paused Axelar Bridge.
Team says: "No infinite mint, only Kava Lend affected" - Full report still pending.
❌ REMEMBER MY MISTAKES - DON'T DO THIS:
1. Don't BUY because "it's cheap now -51%"
Cheap can go -90% in hack. Remember $AGT? Pump +209% then dump -40%. Same trap.
2. Don't use LEVERAGE on
$KAVA Long liquidations already $1.77M, 87% longs wiped. Funding NEGATIVE.
3. Don't PANIC SELL BTC because of
$KAVA BTC is $66,730, -4% today. KAVA hack is NOT BTC crash. Separate them.
✅ WHAT I AM DOING:
KAVA = I am just WATCHING. No Buy, No Long, No Short. Wait for official incident report.
$BTC SPOT = HOLD. Same plan - If weekly close above $68K, DCA more. If below, wait for $63K.
This is the difference between TRADER and GAMBLER.
Trader waits for proof. Gambler buys the red candle.
Question for you - Are you BUYING KAVA dip, or WATCHING like me?
Comment: BUY or WATCH 👇
#KAVA #Hack #CryptoNews #bitcoin #KavaLend