$ZIL Short it straight away—Vermilion Bird is going short first! Will this move be like $ACT on the 7th?
Hey everyone, this ZIL rally is just the final emotional outburst.
News:
Zilliqa has admitted that its independent Layer 1, which it has been running for 9 years, failed.
With insufficient usage, depleted funds, and security costs it can’t sustain, it is officially abandoning its own chain and shifting to an institution-focused L2 on Ethereum (which will also require identity verification and permissioned access).
Put simply, this is an old project admitting defeat and switching tracks to survive. For retail traders, the narrative is shifting from a public chain to an institution-only offering, making this bearish in the short term. The spike after the news broke is a classic case of selling after the good news has been priced in.
Asset: ZIL
Direction: Short
Current price—around 0.0020; enter directly, no adding to the position
Stop-loss: TBD
Target: around 0.0016–0.0014
Manage your position size. When a project admits defeat like this, a rally is an opportunity to go short. What happens next? See you at “Vermilion Bird Fort”: #zil #AI芯片股重挫纳指周跌3.4%
Hey everyone, this ZIL rally is just the final emotional outburst.
News:
Zilliqa has admitted that its independent Layer 1, which it has been running for 9 years, failed.
With insufficient usage, depleted funds, and security costs it can’t sustain, it is officially abandoning its own chain and shifting to an institution-focused L2 on Ethereum (which will also require identity verification and permissioned access).
Put simply, this is an old project admitting defeat and switching tracks to survive. For retail traders, the narrative is shifting from a public chain to an institution-only offering, making this bearish in the short term. The spike after the news broke is a classic case of selling after the good news has been priced in.
Asset: ZIL
Direction: Short
Current price—around 0.0020; enter directly, no adding to the position
Stop-loss: TBD
Target: around 0.0016–0.0014
Manage your position size. When a project admits defeat like this, a rally is an opportunity to go short. What happens next? See you at “Vermilion Bird Fort”: #zil #AI芯片股重挫纳指周跌3.4%
