A few days ago, I witnessed an epic plunge in numbers. The sudden crash of the stablecoin $LISA became the trigger — no project could directly drop by 88% — those who bought the dip in the morning indeed made a profit, but I also suffered significant losses.

My original goal was to reach the 2+15 level, but after hitting 33,000 on the second attempt, things started to get a bit out of control. To reach 66,000, I continued adding positions. When I hit 54,000, it was my second entry, with a 1017u order sliding from 0.165 down to 0.164. My initial thought was simple: just a slight pullback, it would rebound sooner or later. But the market didn’t give that chance — 0.164→0.14→0.13, then a direct plunge to 0.1. By the time I finally acted, it had already dropped to 0.061.

The situation kept worsening. In the afternoon, $Sight suddenly crashed from tens of dollars to around 8u. Stablecoins lost their stability, airdrop rewards shrank, and people's confidence started to waver. The last real dividend period was in September, and after entering October, the volatility surged, lasting stubbornly for four months before the number of participants gradually declined.

There are only a few projects left to consider now — $TIMI can still be pushed, and the trading competitions are ongoing, but the competition is no longer attractive.

Can the number of users be kept under 80,000 by the end of the month? Honestly, it’s hard to say. The era of 500,000 people fighting for 20,000 airdrops seems to be truly over. If multiple accounts and studios gradually step in, at least they can restore a genuine user experience for those who actually need this ecosystem.