SAHARA's active market maker was liquidated, which is the same market maker for $MMT. According to reports, the price of $SAHARA plummeted abnormally last night due to the recent liquidation of the active market maker. Insiders analyze that this active market maker was involved in several well-known projects, including $MMT and $SAHARA. Subsequently, this market maker was discovered by the exchange due to abnormal market making in a certain project, and all associated addresses/accounts were investigated, leading to a restriction on their positions. Ultimately, the positions were risk-controlled, resulting in last night's crash. The specific names of the market maker and the owner will not be disclosed for now.

Suspected OKX Xiaohongshu account has been banned According to group member @MysticXBT, the suspected OKX Xiaohongshu account can no longer be searched, and the OKX Xiaohongshu group has also been banned. When searching for the keyword "OKX" on Xiaohongshu, the account indeed cannot be found. Previously, the official OKX Xiaohongshu account @okx passed company verification, and the operating IP is in Beijing. Platforms like Xiaohongshu, Douyin, and Video Accounts have always strictly adhered to policies regarding Web3 content, with a high probability of account bans for cryptocurrency-related content, and an even higher probability of being reported and banned by peers/users. This is also a challenge for many Web3 teams operating on Xiaohongshu.

Hyperliquid shatters/negates the narrative logic of high-performance L1/L2 public chains represented by Monad. Monad: I come from Jump, a top high-frequency market maker, and I understand trading very well. The infrastructure in the crypto space is insufficient to support the trading of future finance, so I want to build a high-performance public chain born for trading. Hyperliquid: I have already delivered. Monad: Trading is the crown jewel of high-concurrency scenarios, and I can handle that. Naturally, I can also manage scenarios like gaming, NFTs, payments, and DeFi with ease. So I am still the financial infrastructure of the future world. Hyperliquid: I have already mapped this out. Monad: With so many scenarios achievable, this chain will generate huge capital opportunities and various revenues in the future. My tokens will also have scenarios for application and consumption, making them very valuable. Hyperliquid: I have already taken the lead. #Monad $MON's price drop is merely a reflection of market results. PPT projects that rely on flashy resumes and backgrounds have dragged on for over two years without breakthrough deliveries, while #Hyperliquid has delivered directly. Thus, the market naturally assigns the valuation price of VC token PPT projects.