Recently, it has been observed that some tokens experience a decline of over 60% within 3 hours. What kind of chain reaction would this trigger in the stock market? Projects face liquidation pressure, and exchanges could also be pushed to the forefront of scrutiny.

Compared to the circuit breaker mechanisms and risk control systems in traditional financial markets, the volatility in the crypto market indeed exists on a different level. Participants have gone through multiple cycles, gradually forming a mindset of "getting used to it"—big drops, being trapped, waiting for rebounds—this cycle has repeated countless times.

The trends of mainstream coins like FLOW also reflect this point. Market participants seem to have accepted this high-risk trading environment, even treating it as routine. But behind this lies a question: Are these extreme fluctuations a sign of market maturity, or a warning signal of systemic risk? Perhaps both.