The APT project team drew a bloody fork on the $15 pump plan. Within three hours of this fork falling, I saw over $1.1 billion in funds performing the same action on the monitoring dashboard—converting altcoins into over-collateralized stablecoins.

At 2 a.m., 17 on-chain orders were executed, totaling over $400 million. The market maker's emergency communication group started flooding with "Margin Call" alerts. But what hit me harder was what my monitoring panel showed: among these liquidated positions, 73% of the collateral was still other altcoins. They used bubbles to cushion bubbles, and a single needle pricked right through.

The chilling moment came 72 hours before the black swan attack. I noticed a strange data pattern: an APT market maker address had converted 85% of its BTC reserves into APT to gamble on a rally. But that wasn't the deadliest part. They also opened short hedge positions worth $32 million on stablecoin platforms. Even more dangerously— their borrowing collateralization ratio had already hit the 125% warning line.

I immediately took three actions:

First, liquidate all altcoins and convert them into stablecoins via cross-chain swaps.

Second, transfer 60% of the stablecoins to a multi-signature yield contract on the Tron chain, with an annualized yield of 11.2%.

Third, set up a "death ladder" bottom-fishing condition for the remaining funds—if BTC drops below 68,000, activate 10% of the funds; if mainstream altcoins fall more than 45%, activate 20% of the funds.

The story on the chain never lies. It’s just that some are willing to listen, and some are not.