Called it years ago. Enjoy the exit liquidity, guys.
The drop looks more like panic capitulation than a clean exit, real exit liquidity plays out slowly, not in a $160M flush that leaves everyone underwater at once.
The supply concentration in HEX was always the real story, and whoever held those large positions just demonstrated exactly why that matters.
Called it years ago. Enjoy the exit liquidity, guys.
The drop looks more like panic capitulation than a clean exit, real exit liquidity plays out slowly, not in a $160M flush that leaves everyone underwater at once.