Maybe I can help explain liquidity to help support understanding of what happened the past 48 hrs

1) the creation of coin is not creation of value based money
2) valuable money requires support from liquid marketplaces
3) liquid marketplaces are created when people with vast capital join in and agree “this is money and I accept it as an active merchant in this marketplace… I’m willing to accept it at ANY time as a unit of trade”
4) those merchants are only meaningful so long as they are capital abundant
5) this requires labor as labor is the most potent form of capital

This is why unemployed KOL ho’s cannot “create” meaningful markets that survive a liquidity crunch

When a deeply liquid market like BTC dumps and the market responds the crunch creates conditions where merchants say no, no… and rush to the most liquid safe havens (usually btc, tether, or USD… and VERY few altcoins)

When everyone leaves your “project” to rush to a safe haven you’re left with no one to trade with and the true market value of your shitcoin experiencing price discovery… which is $0 bc you don’t have a job and you created it out of thin air

Friday was a sign of healthy markets, not its opposite

Cope harder