0.005 USDT: the final qualitative verdict on a CEX platform token.
CoinEx wasn’t shut down by regulators. It was Yang Haipo who admitted defeat and closed it himself. His exact words were: “Assuming unlimited risk for only limited returns is no longer a rational choice.” That sentence is heavier than the shutdown itself—it means the bookkeeping for the CEX platform-token business can no longer add up.
Revenue may decline, but the responsibilities for safety and compliance won’t. In the past, platform tokens could still be propped up by expectations. Now even the founder is willing to repurchase CET at the initial listing price—effectively ending the platform token story himself.
At a price of 0.005: if the market price is higher than that, holders won’t sell back; if it’s far lower, the losses for that batch have already been locked in. Either way, this price is setting up a final liquidation.
Who will be the next one to voluntarily shut down? It depends on who’s still using platform tokens to keep running a ledger that can’t be balanced.
CoinEx wasn’t shut down by regulators. It was Yang Haipo who admitted defeat and closed it himself. His exact words were: “Assuming unlimited risk for only limited returns is no longer a rational choice.” That sentence is heavier than the shutdown itself—it means the bookkeeping for the CEX platform-token business can no longer add up.
Revenue may decline, but the responsibilities for safety and compliance won’t. In the past, platform tokens could still be propped up by expectations. Now even the founder is willing to repurchase CET at the initial listing price—effectively ending the platform token story himself.
At a price of 0.005: if the market price is higher than that, holders won’t sell back; if it’s far lower, the losses for that batch have already been locked in. Either way, this price is setting up a final liquidation.
Who will be the next one to voluntarily shut down? It depends on who’s still using platform tokens to keep running a ledger that can’t be balanced.