Most crypto assets go up and down together, with only minor % variations. What impacts one affects us all. In-fighting i | Hanami
Most crypto assets go up and down together, with only minor % variations. What impacts one affects us all. In-fighting in this industry makes zero sense.
We need to be: decentralized but united.
Reply to @MetaFinancialAI: When an exchange breaks, its token breaks first.
FTX, 2022: FTT down 95% in ten days.
WazirX hack, 2024: WRX down 28% in a week.
Bitget hack, September: $388M stolen, BGB down up to 10%.
Binance, October 29: $6.3 billion stolen. The largest hack in crypto history, 16 times Bitget's.
The last 30 days, hack included:
SOL: down 18.3%
XRP: down 16.0%
ETH: down 9.7%
BTC: down 7.4%
BNB: down 5.7%
The hacked exchange's own token fell the least of all five.