This time Ethereum was stolen 1.4 billion US dollars. Many people think that it is not worth mentioning compared to Ethereum's market cap of 300 billion US dollars, mistakenly believing that 1.4 billion US dollars can only lower the price of Ethereum by 14/3000 (which is less than 1%). In fact, this 1.4 billion US dollars, without considering the situation where large institutions happen to buy in and market makers support the market, can crash Ethereum to zero about 14 times in 20 seconds. There are approximately 500 million cryptocurrency traders worldwide, with approximately 50 million active users per day. About 5 million habitually place orders, with about 1 million placing orders for Ethereum. Assuming an average of $100 per order, the total amount of Ethereum orders is $100 million, and 1.4 billion US dollars can reset Ethereum 14 times.

Although I haven't been in the currency circle for a long time, less than 1% of the people know this secret. Even many well-known anchors or influencers do not understand these things because only those who have traded by themselves can truly understand. However, in reality, in order to prevent market panic selling, the big players will definitely hold emergency meetings to increase the liquidity of Ethereum. They will not allow Black Swan events to happen, even if they have to spend money to take down this $1.4 billion order.
How did I know all this? Because in 21, a netizen took me to play the primary market of Bo Coin. At that time, I bought 40WU of PC Coin, and I single-handedly raised the Market Cap from hundreds of thousands of dollars to millions of dollars in an instant. It was then that I understood that Market Cap is all fake. The key is liquidity. The worse the liquidity, the more fake the Market Cap. Apart from the big cake Ether, which needs hundreds of millions of dollars to suppress the market, other altcoins including Sol can be crushed to zero (without considering market manipulation) with only 10 million dollars or even less. So, I spent 3 million to learn this knowledge, which is a bit costly, but I am sharing it with everyone for free.
Of course, this pitfall, my friends and I are undoubtedly on the road to prison. My friend has already reported him to the police because he cheated me again for 23 years, investing in a project of 2 million RMB without getting any money back. He is probably still secretly following me. In addition, someone in Beijing defrauded me of 3 million RMB 21 years ago. Last year, he was arrested by the Chaoyang District Procuratorate in Beijing and sentenced to a heavy penalty for fraud, estimated to be around ten years.
Because I have never cheated anyone out of a penny in my life, so the thing I hate the most is scammers. I even especially dislike liars, which goes against my values. As long as it's a scammer, I think there will never be a good outcome in the end. Every move of the person who cheats me is under my control.