卡巴（Kas）（KAS）Flash Crash不是一个错误，而是唤醒加密货币

上周抽出10％后，Kaspa价格终于再次打破了0.080美元的阻力。但是，KAS社区对这样的事情不满意，并且有许多10-50x的价格预测

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）的价格上周获得10％后，价格终于再次违反了0.080美元。但是，社区对这样的事情不满意，X上有许多10-50倍的价格预测。

‘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档案相对较小的5K静止，在交流及其他方面的Kaspa周围发生了什么病毒，非常有用的线程。他们昨晚再次发布了一个有关有关不同交流的有趣更新的话题。

CoinEx Flash Crash Phenomenon

Coinex Flash崩溃现象

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.

上个月，加密货币交易所Coinex目睹了一次非凡的事件，因为高度杠杆保证金交易者从事操纵Kaspa价格近零的活动。

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.

这不仅仅是另一个加密货币崩溃 - 这是一个完美的证明，证明了为什么像卡巴这样的分散货币首先存在。

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崩溃将Kaspa的价格降低到Coinex上的USDT的0.004621美元。然后发生了一些惊人的事情。价格涨幅，比最低点上涨了1,800％以上。但是真实的故事不是关于坠机的。这是关于接下来发生的事情。

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

Coinex的高度杠杆利润率交易者将Kaspa的价格推向了上个月的交易所几乎为零。

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.

撞车事故引起了交换的意外供应冲击。在短短五分钟内，大多数卡巴（Kaspa）从Coinex的钱包中消失了。原因很简单，但很深刻 - 在交易所上没有足够的kaspa来支持所进行的过度短路交易。

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试图补充其Kaspa钱包时，杠杆保证金交易者都会迅速再次排干。这个周期一直持续到交易所别无选择，只能截至2025年2月10日，完全停止了卡巴的边际交易。

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上发生的事情代表了一场完美的风暴。三个关键因素汇集在一起​​：杠杆衍生品交易，人为地抑制了卡巴的价格，Kaspa的积极交易以及不受限制的Kaspa戒断。这种组合创造了一个环境，在这种环境中，价格操纵最终对那些试图控制市场的人来说是适得其反的。

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证明是在此事件中的最大优势。当集中式实体试图镇压其价格时，他们无意中为持有人提供了补贴的KA，这些持有人继续通过允许提款的交流积累。这种动态创造了一种情况，即价格抑制实际上会扩大专用持有人的积累，从而使操纵器越来越容易受到短暂挤压的影响。

Resilience Against Market Manipulation

针对市场操纵的弹性

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.

该事件展示了卡巴（Kaspa）独特的设计如何使其对集中实体的操纵非常有弹性。通过Kaspa报告所说的“无与伦比的分散权”，卡巴似乎被定位为击败价格操纵者并挑战市场的集中控制。

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.

这个Flash崩溃事件不是Kaspa系统的失败，而是对其核心原则的验证。它可以瞥见潜在的未来，使分散的财务成为标准，当今的集中式市场最终可能被视为不断发展的金融时代的过时遗物。

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.

对于Kaspa粉丝来说，Coinex撞车事故是一次巨大的胜利。这证明了他们的观点。即使大型玩家试图弄乱市场，Kaspa等真正的分散硬币也可以反击。看起来像一场灾难的事物变成了卡巴为何工作的完美例子。

MEXC’s Withdrawal Restrictions Raise Concerns

MEXC的提款限​​制引起了人们的关注

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并不是唯一给Kaspa用户带来问题的交换。 Kaspa报告最近显示，MEXC一直在206个小时内阻止Kaspa撤离 - 连续8天以上。该交易所声称它只是在进行“钱包维护”，但没有说何时用户可以再次提取硬币。

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

现在，这不是严重的金融服务应该如何运作。好平台的目标是99.999％的正常运行时间，这意味着每年仅5分钟的停机时间。但是梅克斯