Source: C Labs Crypto Observation

There are many troubles in altcoins recently. I wonder if the market feels a little cold. The dealer feels that if he doesn't feel bad, he will lose his waist~

First of all, it was April 1st. The $ACT, known as the leader of AI meme, collapsed with a bunch of counterfeit memes, and started various performances of April altcoins:

The project party attributed the reason for this avalanche to the leverage reduction of Binance contracts and the sale of market makers.

In the past half month of this incident, the price of $ACT coin is still in a flat state, with no sign of a rise, and it is estimated that it will fall again soon.

It didn't take long for the silence. On April 13, the dealer pulled $OM for a year and returned to the liberation day, and performed a high-level diving to everyone.

Mantra ($OM) once ranked 30th in the entire network before its plunge. It claims to be the hot RWALayer-1 blockchain, which has attracted much attention for its cooperation between Google Cloud and Dubai DAMAC Group.

But the most widely recognized aspect of this project is Ni Da, who is currently popular in the Chinese currency circle, an early builder of $OM.

The direct cause of the $OM collapse is said to be triggered by the "reckless forced liquidation" of a centralized exchange.

But the actual reason is said to be due to the infighting between the project party and the market makers.

As more melons have recently emerged, the final fact is probably that the project party’s energy is basically not on projects, but mainly CX and market value maintenance~

I feel that market makers often lose their chains recently, and I don’t know if it was intentional.

The $IP, which claims to be not short of money, collapsed 1/3 in the middle of the night and quickly pulled it back. Some traders believe that this flash crash may be the project party "deliberately smashing the market and luring short", because the trend of the $IP token is also a strong market control type.

On April 14, the $Kilo exchange fell by about 30% due to the platform hacking (Vault vulnerability was exploited), and its market value shrank from $11 million to about $7.5 million.

According to the research of technical tycoon Chaofan, anyone can change the price of the Kilo platform oracle, which is obviously a low-level vulnerability.

The current platform lost funds higher than the project's market value, and the onlookers were curious about what the project would do.Compensate users for losses~

If Kilo is still a trading platform, its technical strength may be a little worse, and the melons exposed by $Zk are even more chilling.

Zksync issued an additional $ZK token of 110 million on-chain and sold more than 66 million on-chain tokens, which the team explained that the token lockdown was hacked.

In other words, the project manager can actually issue coins at will, but it is not issued normally...

Zksync is known as the leader in zero-knowledge proof and can ensure the security of blockchain.

But in the end, even the security of my tokens is not well protected~

Is there so many troubles, isn't it a bit like a bear market in previous years?