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$LAB Imagine a scenario: you put 1w into this project in the KOL round.
It goes up by 10x—your account balance becomes 10w.
But the project team keeps delaying the unlock, and you’re afraid that once it’s unlocked, the coin price will drop and you’ll lose everything.
So you want to hedge and lock in part of the profit—you short a 10w position.
Then the market maker pumps it another 5x; the market maker keeps pulling the price up and it rises another 5x again.
Your contract loss has already reached 500,000, and you can only grit your teeth and top up margin.
The bad market maker keeps pumping—the higher the price goes, the bigger your floating loss becomes.
In the end, it liquidates you with a 99% drop in a single day, and your hedged position gets blown up.
The coin price also falls back to the original price 🤣🤣🤣