Why did Changpeng lead the FTX bank run?
Trust Wallet Coin (TWT), which is being pushed directly by Binance
If you look at it, it's been cut several times compared to other sports
The drop rate compared to the high point is very low even in the 21st to 22nd years.
And it had been converging for nearly two years before the FTX crisis broke out.
Let's just keep that in mind and look at the recent situation
As you all know, Jjangpeng sent FTX
It's not enough, too. It induces bank run meta by poking into various exchanges
Of course, the exchanges that suffer from this process are definitely at fault,
Honestly, while collecting quantitative easing, everything is falling apart except for prices
Savings banks in the 2nd and 3rd financial sectors are currently in trouble, with 1st financial sector-level CEOs or high-level officials out of the blue.
If they say that they are poor, won't savings banks burst out like FTX?
What percentage of the organization will hold out when customers withdraw money at once...?
Especially if it's an overwhelmingly accessible coin board compared to the existing financial market,
Customers' withdrawal will take place very quickly, so the aftermath will be greater
Although FTX had a lot of problems,
Jjangpeng publicly pointed it out and encouraged it and induced bank run
If FTX bank runs due to its own problems without such encouragement,
In which of the two circumstances did customers lose more money?
But the one who led the exchange's Bank Run Meta,
He posted something like that on Twitter
Unlike the exchange, Twitter emphasizes the safety of Trust Wallet
If you look at the process before Twitter came up,
Chart picture while converging TWT coins for almost 2 years
Send FTX to the top of convergence
In addition to this, he encourages bank runs by poking around other exchanges
As the atmosphere becomes chaotic, 'Trust Wallet (TWT)' is safe. Remarks...
In fact, he threatened Crypto market participants to live with knives
And when there's a bank run meta like FTX,
TWT, one of the most profitable coins, is closely related to Binance
Is it a coincidence that Changfeng sent FTX by the time the coin completed triangulation?
I thought it wouldn't be me.
If you look at the BNB chart in the past, you can see that BNB also shot up after convergence over a long period of time.
One of the reasons BNB was able to rise significantly at that time was because of the exchange coin, which was previously used for commission
It has increased the price ridiculously compared to the low point while giving various usability such as lunch pads and depi.
Same for TWT coins.
After creating convergence for quite a long time, I'm going to use this Twitter account to shoot up
But one funny thing is that TWT Coin also has no clear use at the moment
And you might not think the charts are similar, but how about looking at it like this?
Personally, if I distort the TWT chart in a curved shape, it's not like before the BNB rises
I think we can say that the flow is the same.
Of course, I'm not asking you to buy it right away because it's already 70 percent higher than before
But based on the situation before and after TWT,
I suspect that Jjangpeng sent FTX with a clear intention
And the intention is to have a clear advantage in the exchange share pie fight
It makes it difficult for other exchanges to operate continuously
Isn't he trying to hand over users to DEX while triggering a bank run?
In the process, TWT can benefit naturally.
I will introduce why Jjangpeng wants to induce DEX in the next article.
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