Market panic sentiment remains strong, with frequent risk warnings on multiple projects and actions by major investors

【Crypto World】Recent volatility in the crypto market has intensified, with several key pieces of information worth noting.

The fear index has dropped to 21, indicating some relief but still remaining in the “extreme fear” zone, reflecting a fragile market sentiment. Meanwhile, multiple projects have reported issues. Crypto KOLs have exposed cluster manipulation phenomena at Cysic TGE, with on-chain data alleged to be falsified; economic media reports indicate that virtual asset projects related to YuZhi Financial are experiencing withdrawal difficulties, and risk alerts have been issued in several regions.

Whale movements are also noteworthy. A leading institutional investor fully closed their 7x leveraged ETH long position, incurring a single-loss of over $3.34 million, signaling clear risk aversion. Additionally, suspected ZORA team members transferred approximately 52,525,000 tokens to three addresses, worth over $2.6 million, sparking market speculation about the token’s flow.

At the institutional level, Paradigm’s first employee, Charlie Noyes, announced his departure from the role of general partner, and top industry venture capital firms are undergoing personnel adjustments. Meanwhile, crypto fund founder Tom Lee stated that Bitmine will never sell its ETH holdings, demonstrating a long-term optimistic outlook.

On the macroeconomic front, policy uncertainty persists, and the digital asset policy framework continues to evolve. Investors should remain vigilant of market risks and exercise caution.