CEXs are still best to stick with big platforms like Binance.
Recently, a neighboring “small-time” exchange—m*x—was trending.
Everyone should have seen it on X.
It claims to be the “first” to launch
an RWA on-chain platform for trading U.S. stocks.
And that insane trading volume: 8.7 million trillion dollars.
Why not write 118.8 million trillion instead?
You might as well directly benchmark it against the total world GDP.
Even Nasdaq doesn’t have as much trading volume as you.
But then what happened?
In the last 24 hours, the trading volume of its own platform token was only $175,000.
It listed and immediately fell below the issue price—
there basically weren’t any users able to sell at the open.
It was like someone pulled the plug.
The community’s cost is only 0.3.
I was fooled too—I lost half of my trading fees.
Back then, a really bizarre thing happened:
Because at the end of August, a batch of tokens would unlock.
Many people saw “0.3” on the contracts,
so they went short to hedge—then got liquidated.
Yes, you read that right.
It was pumped straight to 500,
blowing up all the hedges.
So I had some hope that they might try to support the market.
I opened a long position around 0.0265.
Then it turned out—shown in the screenshot—that it didn’t even get filled.
If you think I’m lying, you can go check.
It dropped as low as 0.02.
And my order was opened at 19:04.
Sure enough, it proves that saying true:
If it were possible for people to make money, the market makers wouldn’t even let you place orders.
It’s probably the promo KOLs that got orders filled.
In the end, here’s my advice to everyone on this platform:
Move the money out and transfer it to Binance.
Binance also has U.S. stock trading now,
with better liquidity and smoother trading.
#美股超话 $NVDAB $MSFTB $SPCXB #msx