Simon BrookeOct 18

"Wintermute reported that the median crypto token price drop was around 54%, and more than 90% of tokens lost more than 10% of their value"

#Crypto is and always was a hungry scam that eats suckers. Don't be a sucker. Don't touch crypto.

https://www.citationneeded.news/anatomy-of-a-crypto-meltdown/

Anatomy of a crypto meltdown

October 2025 brought the most dramatic crypto flash crash of all time, but it was only a dress rehearsal for the systemic crisis the industry is building toward.

Citation Needed
Show threadQybatOct 18
@simon_brooke And the crash happens so fast, there isn't even enough time for the government to arrange a bailout for the well-connected investors.
Show threadSimon Brooke

@Qybat The government -- or rather, the dictator -- tells the well connected investors before he triggers the crash, so they can sell short. If he doesn't tell them, they aren't well (enough) connected.

#NoKings
#NoCrypto

Oct 18 at 10:52pmWeb