When I first entered the crypto world, I couldn't understand why figures like 3AC, SBF, and AC, who had been exposed for market manipulation, insider trading, and exploiting investors before their scandals, were still so popular. Now I understand: the crypto world needs "volatility." If you can create a wave, whether it's by blowing up a dam (UST Luna) or artificially creating a wave (Binance's artificial market movements are like Binance Life), there will always be people willing to pay. Because chaos is the ladder. Only with waves can there be large-scale wealth transfer. Still water is more terrifying than prices remaining high.
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