Filecoin (FIL) was once a star project in the cryptocurrency field, focusing on decentralized storage, igniting the market with its grand technological narrative and high fundraising, but ultimately became a typical case of a pump-and-dump due to delays in implementation and a plummeting coin price.
The project raised over $257 million through an ICO in 2017, setting a fundraising record in the blockchain industry at the time, and investors were full of expectations for its vision to "reconstruct the global data storage system." However, the project team repeatedly postponed the launch time under the guise of "technical optimization," delaying it from the original 2019 to October 2020. During the three-year waiting period, market enthusiasm was repeatedly consumed, laying the groundwork for market manipulation.
In the early days of its launch, the price of FIL briefly surged to $237, attracting a large number of retail investors to chase the price high. However, the actual progress of the project was far from expectations: the deployment efficiency of decentralized storage nodes was low, and there were very few real commercial application scenarios, with the so-called "technological breakthroughs" remaining largely at the white paper level. At the same time, a large number of tokens unlocked by the project team were secretly sold off, triggering a catastrophic price collapse, which fell to around $2, a drop of over 99%.
More critically, FIL's mining mechanism design has flaws, with early entrants being major miners who hold a power advantage. Retail miners not only face high costs for mining machines and staking but also have to bear the dual losses caused by falling prices. This hype, driven by capital and wrapped in technological gimmicks, ultimately left countless retail investors with nothing to show for their investments and exposed the essence of the cryptocurrency market's "narrative over technology."
December 18 news, according to on-chain analyst Yu Jin's monitoring, "2.3 billion USD funds opened long positions for the giant whale (i.e., '1011 insider giant whale')" has not continued to add positions in the past two days, still holding this nearly 700 million USD long position.
However, as the market continues to decline, his long positions currently have an unrealized loss of 73.18 million USD.
191,000 ETH (540 million USD) long, opening price 3167 USD, unrealized loss 64.28 million USD, liquidation price 2083 USD; 1000 BTC (86.15 million USD) long, opening price 91506 USD, unrealized loss 5.35 million USD; 250,000 SOL (30.83 million USD) long, opening price 137.5 USD, unrealized loss 3.55 million USD.
Many people think crypto is only about buying and selling tokens, but in reality it’s about systems working together. Bitcoin provides security, DeFi provides functionality, AI adds automation, and oracles provide data. If even one of these pieces fails, the entire system breaks.
This is why understanding basics like how yield is generated, how AI decisions are verified, and how data reaches smart contracts matters more than chasing trends. Education turns confusion into confidence and fear into strategy.
The more you understand the system, the less you rely on luck.
Many people think crypto is only about buying and selling tokens, but in reality it’s about systems working together. Bitcoin provides security, DeFi provides functionality, AI adds automation, and oracles provide data. If even one of these pieces fails, the entire system breaks.
This is why understanding basics like how yield is generated, how AI decisions are verified, and how data reaches smart contracts matters more than chasing trends. Education turns confusion into confidence and fear into strategy.
The more you understand the system, the less you rely on luck.
EXPECT VOLATILITY TONIGHT. Donald Trump is scheduled to make a "huge" announcement at 9 p.m. ET today. Markets dislike uncertainty, and they respond quickly to political headlines. High volatility is expected throughout cryptocurrency and risk assets. Position sizing and risk management are more important than projections right now.
Please give me a hand! Let's aim for 30,000 followers! Thanks for your support, guys. If you need anything, just let me know and I'll do my best to help you out! 111 gogogo
The chat room has the password to wealth!
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Please everyone, support me! Let's go for 30k followers! Thank you brothers for your support, if you need anything, please let me know and I'll do my best to help you! 111 gogogo #美国非农数据超预期 #加密市场观察 #ETH走势分析 #比特币VS代币化黄金 #代币化热潮 $DOGE {future}(DOGEUSDT) $PIPPIN {future}(PIPPINUSDT) $ETH {future}(ETHUSDT)
《2025 Latest Web3 Job Channels Collection! Don't Get Lost Finding Jobs in the Bear Market》
Hello everyone, I am CC. The on-chain bear market is still dragging on, and the off-chain environment doesn't have any good news. Don't you feel that the coins in your hand are no longer appealing? Don't rush! While working on the chain, we can also make money! So today CC has thoughtfully organized the **2025 Must-Bookmark Web3 Job Channels Guide** for you! From global remote dollar positions to high-paying domestic projects, I’ll arrange everything clearly for you! Are you ready? Quickly click to bookmark, and let's dive right in! Next, I will clarify the categories from three dimensions: **comprehensiveness, job quality, and remote-friendliness**!
Good vibes only! 🧧✨$SOL We’re sharing a Red Packet Giveaway for the community simple rules, fair chance for everyone. $SOL 👉 How to join: • Follow the page • Like this post ❤️ • Share it with your friends 🔁 • Comment “🧧” or tag a friend below $SOL
{future}(SOLUSDT) Winners will be selected soon, so don’t miss out. Thank you for the support let’s grow together 🚀#sol
Early fundraising and rapid positioning of Hong Kong stock theme new funds seizing adjustment opportunities
Recently, the Hong Kong stock market has experienced continuous adjustments, and the public fundraising market has welcomed a wave of shortened sale periods and counter-cyclical buying. Reporters found that since entering December, multiple Hong Kong stock theme new funds, which were originally expected to enter the market at the end of the month or even planned for cross-year issuance, have announced the early end of fundraising, no longer waiting until next year to position, and some products quickly achieved high positions after establishment. The "lightning" fundraising and rapid positioning operations show that new funds hope to seize the opportunity of the Hong Kong stock correction. Many public fund personnel believe that combining fundamentals, valuations, liquidity, and other dimensions, Hong Kong stocks have high allocation value, and the current market correction provides a good window period for new funds to position. #美SEC推动加密创新监管 $ACT
Early fundraising and rapid positioning of Hong Kong stock theme new funds seizing adjustment opportunities
Recently, the Hong Kong stock market has experienced continuous adjustments, and the public fundraising market has welcomed a wave of shortened sale periods and counter-cyclical buying. Reporters found that since entering December, multiple Hong Kong stock theme new funds, which were originally expected to enter the market at the end of the month or even planned for cross-year issuance, have announced the early end of fundraising, no longer waiting until next year to position, and some products quickly achieved high positions after establishment. The "lightning" fundraising and rapid positioning operations show that new funds hope to seize the opportunity of the Hong Kong stock correction. Many public fund personnel believe that combining fundamentals, valuations, liquidity, and other dimensions, Hong Kong stocks have high allocation value, and the current market correction provides a good window period for new funds to position. #美SEC推动加密创新监管 $ACT
Shocking! $BTC #纳斯达克 The US stock market and the cryptocurrency market have finally plummeted simultaneously, waiting for the end of Japan's interest rate hike. After that is Christmas. The market is expected to have little fluctuation, just waiting for the flowers to bloom!
🧧🧧 According to ChainCatcher, Arkham data shows that at 06:33, 155.6 BTC was transferred from multiple anonymous addresses to one anonymous address (starting with 1FPGw...). $BTC {spot}(BTCUSDT)
Sun Yuchen and Zhao Changpeng appeared in Pakistan! Local time on December 11, TRON founder Sun Yuchen and Binance founder Zhao Changpeng appeared in Pakistan #BTC #ETH
On December 11, the Pakistan Virtual Assets Regulatory Authority (PVARA) officially issued local compliance licenses to Binance and HTX, or more precisely, 'No Objection Certificates' (NOC). This means that these two largest cryptocurrency exchanges in the world have obtained a legal 'birth certificate' in this country with a population of 240 million.
According to the latest data from 2025, Pakistan is already one of the top 35 countries in the world by TRON user count. I was also wondering, in a developing country, where does so much cryptocurrency trading come from? Later, when I looked at the data, I was stunned: in Pakistan alone, the monthly settlement volume of stablecoins on the TRON blockchain (that is, USDT) actually exceeded $600 billion.
What does $600 billion mean? This is higher than the GDP of many countries. Pakistan, Nigeria, Argentina, these countries may sound like they have backward financial infrastructure, but precisely because they are backward, and due to the collapse of fiat currency trust, the acceptance of cryptocurrency among the public is much higher than in Europe and America. This is the real incremental market.