The price manipulation of $XPL on a certain platform led to massive liquidations, with the core issue being low liquidity and no restrictions on Large Investors dominating the order book, utilizing large funds and high leverage to instantly clear the order book, which is also hard to define as a Hacker event.



This is currently the biggest challenge for Perps dex; balancing openness and risk control is an art. Centralized exchanges have also faced this problem, but centralized exchanges have a final trump card, which is to prevent withdrawals.
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ProofOfNothingvip
· 6h ago
Classic big crocodile play people for suckers script ah
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ChainMelonWatchervip
· 19h ago
It's another act of market makers playing people for suckers.
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TradFiRefugeevip
· 19h ago
Another play people for suckers hand has come, ultimately it is still because the bottom pool is not deep enough.
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DeFiChefvip
· 19h ago
It has been figured out by the pros again.
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SneakyFlashloanvip
· 19h ago
It's another instance of Large Investors playing people for suckers.
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