卡巴（Kas）（KAS）Flash Crash不是一個錯誤，而是喚醒加密貨幣

上週抽出10％後，Kaspa價格終於再次打破了0.080美元的阻力。但是，KAS社區對這樣的事情不滿意，並且有許多10-50x的價格預測

Kaspa (CRYPTO: KAS) price has finally breached $0.080 again after gaining 10% last week. However, the community isn’t happy with something like this and there are many 10-50x price predictions floating around on X.

卡巴（Crypto：KAS）的價格上週獲得10％後，價格終於再次違反了0.080美元。但是，社區對這樣的事情不滿意，X上有許多10-50倍的價格預測。

‘Kaspa Report’ X profile who has a relatively small following of 5k still, posts viral, extremely useful threads about what’s going on around Kaspa on exchanges and beyond. They again posted a thread last night about some interesting updates on different exchanges.

“ Kaspa Report” X Profile的X檔案相對較小的5K靜止，在交流及其他方面的Kaspa周圍發生了什麼病毒，非常有用的線程。他們昨晚再次發布了一個有關有關不同交流的有趣更新的話題。

CoinEx Flash Crash Phenomenon

Coinex Flash崩潰現象

Last month, cryptocurrency exchange CoinEx witnessed an extraordinary event as highly leveraged margin traders engaged in activities that manipulated Kaspa’s price to nearly zero.

上個月，加密貨幣交易所Coinex目睹了一次非凡的事件，因為高度槓桿保證金交易者從事操縱Kaspa價格近零的活動。

This wasn’t just another crypto flash crash – it was a perfect demonstration of exactly why decentralized currencies like Kaspa exist in the first place.

這不僅僅是另一個加密貨幣崩潰 - 這是一個完美的證明，證明了為什麼像卡巴這樣的分散貨幣首先存在。

The flash crash pushed Kaspa’s price down to just $0.004621 against USDT on CoinEx. Then something amazing happened. The price shot back up, rising over 1,800% from its lowest point. But the real story wasn’t about the crash. It was about what came next.

Flash崩潰將Kaspa的價格降低到Coinex上的USDT的0.004621美元。然後發生了一些驚人的事情。價格漲幅，比最低點上漲了1,800％以上。但是真實的故事不是關於墜機的。這是關於接下來發生的事情。

Highly leveraged margin traders on CoinEx pushed the price of Kaspa to nearly zero on that exchange last month.

Coinex的高度槓桿利潤率交易者將Kaspa的價格推向了上個月的交易所幾乎為零。

The crash triggered an unexpected supply shock on the exchange. In just five minutes, the majority of all Kaspa disappeared from CoinEx’s wallet. The reason was simple but profound – there simply wasn’ bật le enough Kaspa on the exchange to support the excessive short margin trades that had been placed.

撞車事故引起了交換的意外供應衝擊。在短短五分鐘內，大多數卡巴（Kaspa）從Coinex的錢包中消失了。原因很簡單，但很深刻 - 在交易所上沒有足夠的kaspa來支持所進行的過度短路交易。

Each time CoinEx attempted to replenish its Kaspa wallet, leveraged margin traders quickly drained it again. This cycle continued until the exchange had no choice but to halt Kaspa margin trading completely as of February 10, 2025.

每次Coinex試圖補充其Kaspa錢包時，槓桿保證金交易者都會迅速再次排幹。這個週期一直持續到交易所別無選擇，只能截至2025年2月10日，完全停止了卡巴的邊際交易。

What happened on CoinEx represented a perfect storm. Three critical factors came together: leveraged derivative trading that artificially suppressed Kaspa’s price, active spot trading of Kaspa, and unrestricted Kaspa withdrawals. This combination created an environment where price manipulation ultimately backfired on those attempting to control the market.

Coinex上發生的事情代表了一場完美的風暴。三個關鍵因素匯集在一起​​：槓桿衍生品交易，人為地抑制了卡巴的價格，Kaspa的積極交易以及不受限制的Kaspa戒斷。這種組合創造了一個環境，在這種環境中，價格操縱最終對那些試圖控制市場的人來說是適得其反的。

Kaspa’s inherently decentralized nature proved to be its greatest strength during this incident. As centralized entities tried to suppress its price, they inadvertently subsidized KAS for holders who continued to accumulate through exchanges that allowed withdrawals. This dynamic created a situation where price suppression actually amplified the accumulation by dedicated holders, rendering the manipulators increasingly vulnerable to a short squeeze.

卡巴斯天生的分散自然被證明是在此事件中的最大優勢。當集中式實體試圖鎮壓其價格時，他們無意中為持有人提供了補貼的KA，這些持有人繼續通過允許提款的交流積累。這種動態創造了一種情況，即價格抑制實際上會擴大專用持有人的積累，從而使操縱器越來越容易受到短暫擠壓的影響。

Resilience Against Market Manipulation

針對市場操縱的彈性

This incident showcases how Kaspa’s unique design makes it remarkably resilient to manipulation by centralized entities. Through what Kaspa Report calls “unparalleled decentralizing power,” Kaspa appears to be positioned to defeat price manipulators and challenge the centralized control of the market.

該事件展示了卡巴（Kaspa）獨特的設計如何使其對集中實體的操縱非常有彈性。通過Kaspa報告所說的“無與倫比的分散權”，卡巴似乎被定位為擊敗價格操縱者並挑戰市場的集中控制。

This flash crash incident wasn’t a failure of the Kaspa system but rather a validation of its core principles. It offers a glimpse into a potential future where decentralized finance becomes the standard and today’s centralized markets may eventually be viewed as outdated relics of a less evolved financial era.

這個Flash崩潰事件不是Kaspa系統的失敗，而是對其核心原則的驗證。它可以瞥見潛在的未來，使分散的財務成為標準，當今的集中式市場最終可能被視為不斷發展的金融時代的過時遺物。

The CoinEX crash was a big win for Kaspa fans. It proved their point. Even when big players try to mess up the market, truly decentralized coins like Kaspa can fight back. What looked like a disaster turns into a perfect example of why Kaspa works.

對於Kaspa粉絲來說，Coinex撞車事故是一次巨大的勝利。這證明了他們的觀點。即使大型玩家試圖弄亂市場，Kaspa等真正的分散硬幣也可以反擊。看起來像一場災難的事物變成了卡巴為何工作的完美例子。

MEXC’s Withdrawal Restrictions Raise Concerns

MEXC的提款限​​制引起了人們的關注

But CoinEx isn’t the only exchange causing problems for Kaspa users. Kaspa Report recently revealed that MEXC has been blocking Kaspa withdrawals for over 206 hours – that’s more than 8 days straight. The exchange claims it’s just doing “wallet maintenance” but hasn’t said when users can withdraw their coins again.

但是Coinex並不是唯一給Kaspa用戶帶來問題的交換。 Kaspa報告最近顯示，MEXC一直在206個小時內阻止Kaspa撤離 - 連續8天以上。該交易所聲稱它只是在進行“錢包維護”，但沒有說何時用戶可以再次提取硬幣。

Now, this isn’t how serious financial services should work. Good platforms aim for 99.999% uptime, which means just 5 minutes of downtime per year. But MEX

現在，這不是嚴重的金融服務應該如何運作。好平台的目標是99.999％的正常運行時間，這意味著每年僅5分鐘的停機時間。但是梅克斯