$ONE ZEROING OUT is the only final outcome. Its price movement is a complete harvesting assembly line: the project first explodes, then the platform delists it, followed by a short squeeze as a target, and finally accelerates to zero.
Step one, the project itself explodes. In August this year, hackers exploited a cross-shard vulnerability to arbitrarily mint 4 billion tokens, instantly inflating the circulating supply. Three security incidents in eight years, the fixed total supply repeatedly broken, the team directly announced shutting down the mainnet and migrating to Ethereum to pivot to AI video. Even the public chain was abandoned; the project is already dead.
Step two, platforms delist one after another. Due to the explosion, run, and liquidity drying up, major platforms successively delisted ONE perpetual contracts. Once the news broke, everyone assumed it would zero out, so a large amount of capital frantically shorted, with short positions extremely crowded.
Step three, a short squeeze pump before delisting. With order book liquidity dried up, the manipulator used a small amount of funds to frantically pump the price, forcing shorts to cover, turning their chips into fuel, forcibly pumping it up. The same tactic as LAB and BEAT, but with a delisting countdown, making it even crazier.
Step four, accelerate to zero. After the pump ends and delisting approaches, underlying credit zeros out, even the manipulators are withdrawing. The market shows no decent rebound, liquidity is drained.
Compared to LAB and BEAT, those two at least still have running chains and manipulators still playing. ONE is a public chain abandoned, a graveyard even manipulators want to flee. Don’t bottom-fish, don’t go all-in short, beware the last wave of volatility before zeroing that specifically crushes short-term traders. $LAB$BEAT#40亿ONE异常铸造,Harmony考虑回滚@OKX星球
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