# DeFi — X 热门讨论 (2026-09-15 10:02 UTC)
## @Kamelkadah99 (Muhammad Kamel Qadah) · 09-15 09:13 · ♥109 ↻17 💬6 **Community Reminder**
Today, Protocol v27 is being upgraded. The upgrade will first go live on Testnet 2 today. Then, on Thursday or Friday, it is expected to move to Mainnet.
As usual, it typically takes about 72 hours after stability is confirmed before it is fully deployed on Mainnet.
We are currently going through this upgrade to see the new features and developments.
But the question that keeps coming to my mind is: Could Pi rise after this — now that it has become fully decentralized?
That’s what makes this moment the most exciting. #PiNetwork #PiDEX #PiRC #Protocol27 #Mainnet #Web3#PiNetwork #PiPioneers #PiMainnet #PiCoreTeam #PiCrypto #PiCommunity #PiDEX #PiLaunchpad #PiNode #PiAI #Protocol27 #Protocol28 #DeFi #Web3 #Decentralization #CryptoNews #DigitalEconomy #FinancialFreedom#DeFi #Web3 #Decentralization #CryptoNews #DigitalEconomy #FinancialFreedom#PiDEX #PiLaunchpad #PiNode #PiAI #Protocol27 #Protocol28 https://x.com/Kamelkadah99/status/2099788659423604991
## @CryptoPatel (Crypto Patel) · 09-15 08:30 · ♥110 ↻3 💬10 🌚➡️💀 MOON TO DEAD COIN | Project Review 66: $FEI / $TRIBE (Fei Protocol)
Do you know? $FEI (Fei Protocol) was THE biggest launch in DeFi history, it raised $1.3 BILLION in 3 days, backed by a16z & Coinbase. Its "stable" coin was supposed to hold $1. It broke its peg within HOURS… and an anti-sell mechanism TRAPPED everyone. Governance token $TRIBE: down ~99.8%. 😳
The Raise: ▶️ "Genesis" (Mar 31–Apr 3, 2021): raised ~$1.3B (639,000 ETH) from 17,000+ contributors, the LARGEST DeFi launch ever ▶️ Backed by a16z, Coinbase Ventures, Framework, ParaFi ▶️ The ETH was LOCKED into "Protocol Controlled Value", NOT redeemable by users ▶️ FEI = the $1 stablecoin | TRIBE = the governance token
Here's the wild part 👇 it failed on DAY ONE: → Whales "pre-swapped" FEI → TRIBE and dumped → selling pressure everywhere → FEI — the "stablecoin", DEPEGGED instantly, $1.26 → ~$0.88 in 20 hours (as low as ~$0.70) → THE TRAP: "direct incentives" PENALIZED selling below peg, try to sell your "$1" FEI, get ~$0.50 → So participants irreversibly committed $1.3B in ETH, got FEI worth <$1, couldn't sell without a brutal penalty → A code bug forced them to shut off rewards. It took 3+ MONTHS to regain the peg.
The end: → Merged with Rari (Dec 2021) → Rari's Fuse HACKED (~$80M, 2022) → After the hack + UST collapse, the DAO voted to DISSOLVE (Aug 2022) → TRIBE: ~$2 → ~$0.003 (down ~99.8%)
Lesson for my CryptoPatel Family: 👉 THE BIGGEST RAISE ON EARTH DOESN'T PREVENT DAY-ONE FAILURE. $1.3B, a16z-backed, "biggest ever", broke within HOURS. Raise size ≠ stability. 👉 ANY MECHANISM THAT PENALIZES SELLING IS A TRAP. Easy in, painful out. If exit is costly, don't enter. (See $SAFEMOON, $HEX.) 👉 "IRREVERSIBLE COMMITMENT" = NO EXIT. Never commit funds you can't withdraw. Liquidity is your only protection. 👉 NOVEL, UNTESTED TOKENOMICS ARE EXPERIMENTS WITH YOUR MONEY. Let others beta-test, not your capital.
When something is hyped as the "biggest ever," that's the moment to be MOST careful. And if a token punishes you for selling, the exit door was locked before you walked in.
Educational Only. Not Financial Advice. ALWAYS DYOR.
@feiprotocol > 引用 @CryptoPatel: MOON TO DEAD COIN | Project Review 65: $MOVE (Movement Labs)
Do you know? #MOVE (Movement Labs) raised $41.4M from Polychain & top angels, hit a $3 BILLION valuation, listed on Binance. But a SECRET market-maker deal handed a shady firm ~66M MOVE that got DUMPED for $38M on listing day. The co-founder was fired, exchanges delisted it, and in July 2026 the company filed for BANKRUPTCY. From $3B to broke. 😳
The Raise: ▶️ Total raised: $41.4M → Series A $38M (Polychain-led) + Pre-Seed $3.4M + YZi Labs (ex-Binance Labs) ▶️ A-list angels: Sandeep Nailwal (Polygon), Stani Kulechov (Aave) + OKX Ventures, Hack VC ▶️ Gate Launchpool (Dec 2024); ATH ~$1.12 | 10B supply ▶️ Behind the scenes: a co-founder brokered a market-maker deal (via shady intermediary "Rentech") with Chinese MM Web3Port
Here's the Wild Part 👇 MOVE/USDT ATH: $1.41 (Dec 2024). Then, on LISTING DAY: → Web3Port had secretly received ~66M MOVE (~5% of supply) → It DUMPED them for ~$38M, aggressive selling, minimal buys, crashing the price → A firm meant to PROVIDE liquidity instead used hidden tokens to exit on retail
The collapse: → Mar 2025: Binance BANNED the market maker & froze the $38M → Apr–May 2025: CoinDesk exposé → Coinbase DELISTED → co-founder Rushi Manche TERMINATED → July 2026: Movement Labs filed CHAPTER 11 BANKRUPTCY, ~$3B to under $500K in assets → MOVE: $1.41 → ~$0.008 (down ~99%)
Lesson for my CryptoPatel Family: 👉 HIDDEN MARKET-MAKER DEALS = THE INVISIBLE INSIDER DUMP. An MM secretly got ~5% of supply and dumped it on you at listing. Ask: who are the MMs, and what did they get? 👉 LISTING DAY IS OFTEN THE DUMP, NOT THE MOON. New-token listings are frequently the EXIT for insiders/MMs. Don't FOMO the listing candle. 👉 TIER-1 VCs + A-LIST ANGELS GUARANTEE NOTHING. Polychain, YZi Labs, Nailwal, Kulechov, all in, still went BANKRUPT. 👉 ACCOUNTABILITY ≠ RECOVERY. MM banned, funds frozen, founder fired, MOVE still went to ~$0.008.
The scariest dumps aren't the ones you see coming, they're the SECRET deals handing insiders your future exit liquidity.
Educational Only. Not Financial Advice. ALWAYS DYOR.
@movement_xyz https://x.com/CryptoPatel/status/2099777741960986948
## @Defi_Warhol (DeFi Warhol) · 09-15 06:19 · ♥72 ↻12 💬18 Btw, @ponsdotfamily is only ~2 months old.
And it's already the biggest competitor to @Pumpfun.
Higher. https://t.co/6Zm17xX5Uz https://x.com/Defi_Warhol/status/2099744780007899205