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$CORE Things have collapsed ❗
A continuous crash overnight, nearly 50% drop in 24 hours, from 0.06 directly down to 0.029, hitting a new low for the phase.
24-hour trading volume reached 130 million, with an extremely high turnover rate, purely driven by frantic capital dumping.
Official statement: Large sell orders triggered a series of liquidations due to borrowing, the protocol is fine, this is not a project accident. Small-cap tokens with high leverage, when liquidity collapses, lead to a waterfall decline.
Liquidation is almost complete, there may be a brief rebound, but the risk remains. Remember: small tokens should not add leverage recklessly, as they can't withstand the volatility ⚠️
Follow the Quanquan homepage for contract and spot trading discussions.
#CORE #CryptoCommunity#Gate金手指