链上格格巫
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Co-founder of BitKoi｜币安原生博主｜热门资讯｜新手教程｜项目投研｜坚定持有BNB｜蓝鸟会核心成员🔮
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260 points is Alpha's ultimate conspiracy! The era of retail investors is coming (with retail investor operation guide)
Behind the soaring threshold, there is actually a new balance in the three-way game between platforms, studios, and retail investors.
"Binance Alpha's threshold has been raised to 260 points!" This news made countless players feel a tightness in their hearts. The first reaction is: retail investors are going to be in trouble, this game can't be played anymore.
But the truth may actually be the opposite.
When we see through the logic behind the 260 points, we will find that this is not only a rule adjustment by the platform, but also a dividend beneficial to retail investors. Next, I will analyze it from four aspects 🧐
01 Digital scams, cognitive traps under high thresholds
On the surface, the requirement of 260 points is quite harsh. An account needs to average over 17 points a day for 15 consecutive days to meet the standard. This seems insurmountable for players accustomed to mindlessly grinding.
"Binance Alpha's threshold has been raised to 260 points!" This news made countless players feel a tightness in their hearts. The first reaction is: retail investors are going to be in trouble, this game can't be played anymore.
But the truth may actually be the opposite.
When we see through the logic behind the 260 points, we will find that this is not only a rule adjustment by the platform, but also a dividend beneficial to retail investors. Next, I will analyze it from four aspects 🧐
01 Digital scams, cognitive traps under high thresholds
On the surface, the requirement of 260 points is quite harsh. An account needs to average over 17 points a day for 15 consecutive days to meet the standard. This seems insurmountable for players accustomed to mindlessly grinding.
An Old Classmate's 'Digital Death' at Midnight Last Night: We Are Writing a 'Will' with Vanar Chain
Last night, I received a WeChat message from an old classmate, with no context, just a screenshot. It was an announcement from their company's internal system, stating his employee ID and a line saying, 'Production line optimization, related access permissions will be terminated at midnight tomorrow.' He is the production line supervisor at that smart home appliance company, having worked there for seven years, involved in everything from setup to debugging; he has touched every 'nerve' in the system. The announcement means that starting tomorrow, that system will no longer recognize his face, his account, and all the debugging logs, fault solutions, and process improvement records he created with this identity over the past seven years. He said, 'It feels like being thrown out of the house by a child I raised myself.'
Starting from the payment troubles of colleagues: How far are we from the Plasma world of 'invoice on the chain, instant payment'? @GeGeWu
Old Zhang from the finance department is the most meticulous person I have ever met. He has different colored labels on his desk, categorizing various documents. However, every month towards the end, he falls into a periodic anxiety. A part of the company's business involves suppliers and freelancers from Southeast Asia, and payment has become his biggest headache.
"Look at this transaction," he said to me, pointing at the bill on the screen, "Software service fee from Malaysia, five thousand dollars. Wire transfer through the bank, the fee deducted 85 dollars, and they said it would take a week to receive it. This is still considered smooth. The trouble is with those small design fees, sometimes just a few hundred dollars, the fee ratio is ridiculously high. Using a third-party platform is faster and saves money, but when reconciling with the bank statement at the end of the month, there's an extra step, and the invoices and payment vouchers often don't match."
"Look at this transaction," he said to me, pointing at the bill on the screen, "Software service fee from Malaysia, five thousand dollars. Wire transfer through the bank, the fee deducted 85 dollars, and they said it would take a week to receive it. This is still considered smooth. The trouble is with those small design fees, sometimes just a few hundred dollars, the fee ratio is ridiculously high. Using a third-party platform is faster and saves money, but when reconciling with the bank statement at the end of the month, there's an extra step, and the invoices and payment vouchers often don't match."
#vanar $VANRY Current price 0.006182, the highest of the day is only 0.006221, with a fluctuation of less than 0.7%. Yes, from a purely price trajectory perspective, this is a textbook example of sideways movement (or range oscillation).
But beneath this calm surface, the position of the undercurrents is worth pondering. This sideways movement is not happening halfway up the mountain, but rather right next to historical lows. The market has paused here, indicating that some funds believe this position is low enough and are willing to try buying; at the same time, there is a lack of sufficient strength to push the price away from this "depression". Both bulls and bears have reached a temporary, fragile balance at this sensitive position.
Looking at a larger cycle, this is not the first time of sideways movement. Reviewing recent historical data, after the price broke below 0.008 USD in late January 2026, it entered this ongoing low-level oscillation pattern, and trading volume also shows a trend of decline. This indicates that the overall market attention and active funds are decreasing, entering a stage of exhaustion and wait-and-see.
Behind the sideways movement, there is often a buildup of market direction. According to common logic in the derivatives market, during periods of price stagnation, if the open interest of contracts continues to increase, it may mean that both bulls and bears are secretly increasing their bets, accumulating energy for the next wave of market movement. Although real-time open interest data cannot be obtained currently, this is a signal to watch. The longer the sideways movement lasts, the more intense the fluctuations may be when the final direction is chosen. @Vanarchain
But beneath this calm surface, the position of the undercurrents is worth pondering. This sideways movement is not happening halfway up the mountain, but rather right next to historical lows. The market has paused here, indicating that some funds believe this position is low enough and are willing to try buying; at the same time, there is a lack of sufficient strength to push the price away from this "depression". Both bulls and bears have reached a temporary, fragile balance at this sensitive position.
Looking at a larger cycle, this is not the first time of sideways movement. Reviewing recent historical data, after the price broke below 0.008 USD in late January 2026, it entered this ongoing low-level oscillation pattern, and trading volume also shows a trend of decline. This indicates that the overall market attention and active funds are decreasing, entering a stage of exhaustion and wait-and-see.
Behind the sideways movement, there is often a buildup of market direction. According to common logic in the derivatives market, during periods of price stagnation, if the open interest of contracts continues to increase, it may mean that both bulls and bears are secretly increasing their bets, accumulating energy for the next wave of market movement. Although real-time open interest data cannot be obtained currently, this is a signal to watch. The longer the sideways movement lasts, the more intense the fluctuations may be when the final direction is chosen. @Vanarchain
When Data Becomes a 'Locked Diamond': Dusk Network and the Breakthrough Path of Verifiable Privacy @ Gege Wu
Last year, a friend of mine, Xiaowei, who works as a data analyst at a multinational trading company, completed one of the most insightful reports of her career. After months of cleaning and modeling, she accurately analyzed the supply chain optimization path for the company in a new emerging market in Europe, with a potential value of millions of euros.
However, the 'journey' of this report was exceptionally bumpy. To persuade the head of another department to adopt her recommendations, she needed to share some key data to support her conclusions, but directly providing the raw data involved business secrets. She could only work overtime to create a 'dehydrated version' of the PPT, but the other side questioned whether the data had been selectively edited. Ultimately, in order to advance a cross-company collaboration project, the legal and risk control teams from both sides were locked in a tug-of-war for several weeks: how to prove the company's performance capability and the authenticity of historical transactions to partners without leaking core procurement costs and supplier information?
However, the 'journey' of this report was exceptionally bumpy. To persuade the head of another department to adopt her recommendations, she needed to share some key data to support her conclusions, but directly providing the raw data involved business secrets. She could only work overtime to create a 'dehydrated version' of the PPT, but the other side questioned whether the data had been selectively edited. Ultimately, in order to advance a cross-company collaboration project, the legal and risk control teams from both sides were locked in a tug-of-war for several weeks: how to prove the company's performance capability and the authenticity of historical transactions to partners without leaking core procurement costs and supplier information?
#plasma $XPL Current price 0.083, 24-hour high 0.086, I am too familiar with this trend: a typical "death consolidation", or rather, both bulls and bears have temporarily exhausted themselves at a certain price point, entering a suffocating stalemate.
From the market perspective, the narrow range of 0.08-0.09 USD has turned from a mere number into a temporary "ceasefire zone". The price struggles to go up or down here, indicating that the number of people willing to sell at this position has temporarily decreased (either due to being deeply trapped or believing that there is limited room for further decline), but at the same time, those willing to buy in large amounts are even fewer. The market is waiting for an external force to break the balance.
This consolidation position is very delicate. It occurs after the price has plummeted more than 90% from its high, which itself indicates that the strength of the bears has been fully released. However, consolidation does not mean bottoming out; it is more like a "continuation of the decline". Everyone, including myself, is waiting for that big event: the massive unlocking of tokens around July 2026. This expectation weighs heavily on the hearts of all participants, making any rebound seem hesitant and powerless. No funds dare to launch an offensive that requires real money before the massive potential selling pressure arrives.
This type of consolidation has taught me patience. It forces you to detach from the anxiety of watching daily fluctuations and to focus on more essential things: whether this project itself is getting better over time or rotting in silence. Prices can consolidate, but the lifeline of the project cannot. @Plasma
From the market perspective, the narrow range of 0.08-0.09 USD has turned from a mere number into a temporary "ceasefire zone". The price struggles to go up or down here, indicating that the number of people willing to sell at this position has temporarily decreased (either due to being deeply trapped or believing that there is limited room for further decline), but at the same time, those willing to buy in large amounts are even fewer. The market is waiting for an external force to break the balance.
This consolidation position is very delicate. It occurs after the price has plummeted more than 90% from its high, which itself indicates that the strength of the bears has been fully released. However, consolidation does not mean bottoming out; it is more like a "continuation of the decline". Everyone, including myself, is waiting for that big event: the massive unlocking of tokens around July 2026. This expectation weighs heavily on the hearts of all participants, making any rebound seem hesitant and powerless. No funds dare to launch an offensive that requires real money before the massive potential selling pressure arrives.
This type of consolidation has taught me patience. It forces you to detach from the anxiety of watching daily fluctuations and to focus on more essential things: whether this project itself is getting better over time or rotting in silence. Prices can consolidate, but the lifeline of the project cannot. @Plasma
Today I chose $WMTX again
30k trading volume, 15 minutes
Loss of 1.7 dollars, for everyone's reference
What are you guys brushing today? How's the loss? 🤔🤔
30k trading volume, 15 minutes
Loss of 1.7 dollars, for everyone's reference
What are you guys brushing today? How's the loss? 🤔🤔
#dusk $DUSK Watching DUSK slowly climb from 0.081 to 0.096, my mood remains a bit complicated 😖😖😖
This slight increase is almost just an inconspicuous small segment on the K-line chart, and it is still far from my cost price of 0.29 — it needs to double to reach that point. But to be honest, this touch of green at least makes the screen no longer a suffocating silence.
I know clearly that this fluctuation of over ten percent is nothing in the world of cryptocurrency, where daily fluctuations can often reach dozens of percent. It might just be the market taking an unconscious “breath,” and it may drop back down tomorrow. I cannot, nor should I, place such heavy expectations of “breaking even” on such weak fluctuations. Otherwise, my mood will only become a puppet of the market, swinging violently between hope and disappointment every day.
However, this small upward trend still gives me a chance to calm down and reflect. I ask myself: what did I see in Dusk when I bought in at 0.29? It was its narrative of “providing a privacy layer for compliant finance” and its promise to tokenize hundreds of millions of euros in real assets through cooperation with the Dutch NPEX exchange. These fundamental aspects have not deteriorated over the past few weeks; in fact, they are gradually moving from blueprint to trial operation with the mainnet launch.
So, why is the price here? The market may still be questioning and observing whether those “promises” can be fulfilled. The current rise may indicate that some funds are beginning to bet on “possibilities.” I realize that I need to differentiate between “price noise” and “project signals.” My attention should shift from minute charts to the project's quarterly progress reports, collaboration news, and on-chain data. The true opportunity for breaking even will inevitably come from significant breakthroughs in the latter, not from the random fluctuations of the former. @Dusk
This slight increase is almost just an inconspicuous small segment on the K-line chart, and it is still far from my cost price of 0.29 — it needs to double to reach that point. But to be honest, this touch of green at least makes the screen no longer a suffocating silence.
I know clearly that this fluctuation of over ten percent is nothing in the world of cryptocurrency, where daily fluctuations can often reach dozens of percent. It might just be the market taking an unconscious “breath,” and it may drop back down tomorrow. I cannot, nor should I, place such heavy expectations of “breaking even” on such weak fluctuations. Otherwise, my mood will only become a puppet of the market, swinging violently between hope and disappointment every day.
However, this small upward trend still gives me a chance to calm down and reflect. I ask myself: what did I see in Dusk when I bought in at 0.29? It was its narrative of “providing a privacy layer for compliant finance” and its promise to tokenize hundreds of millions of euros in real assets through cooperation with the Dutch NPEX exchange. These fundamental aspects have not deteriorated over the past few weeks; in fact, they are gradually moving from blueprint to trial operation with the mainnet launch.
So, why is the price here? The market may still be questioning and observing whether those “promises” can be fulfilled. The current rise may indicate that some funds are beginning to bet on “possibilities.” I realize that I need to differentiate between “price noise” and “project signals.” My attention should shift from minute charts to the project's quarterly progress reports, collaboration news, and on-chain data. The true opportunity for breaking even will inevitably come from significant breakthroughs in the latter, not from the random fluctuations of the former. @Dusk
B
DUSK/USDT
Price
0.2935
My colleague's hard drive died, containing three years of memories. Vanar Chain says: it wants to be a digital tombstone @Gege Wu
At two in the morning, I sent the last message to my colleague Old Zhang. His motherboard burned out, and the data recovery quote was enough to buy a new one. What was lost was not just the plans, but also three years' worth of client contact records, which weren't backed up. 'It feels like a concussion, a piece of memory has been dug out.' His words made me stare at the K-line of VANRY on the screen for a long time. That line was weak, struggling around $0.006, just like the -35% floating loss in my account, exuding a kind of silence forgotten by the system.
Old Zhang's hard drive, and this chain called Vanar, essentially discuss the same thing: how unreliable the carriers of our memories are.
Old Zhang's hard drive, and this chain called Vanar, essentially discuss the same thing: how unreliable the carriers of our memories are.
My programmer friend and his unfinished 'Life DApp': How Dusk Network is reshaping the rules of financial infrastructure? @Gege Wu
My good friend Ajie is a typical programmer. Recently at a gathering, he excitedly showed us a 'DApp' he has secretly been developing for half a year—an application he wants to use to record important moments in life, store private memories, and selectively share with close friends and family.
"Look," he pointed at the prototype on his phone and said, "here, the diary is locked with encryption technology, and only my own key can unlock the full text. But I can generate a 'sharing key' for my parents, and they can only see the parts I allow them to see, such as only seeing my happy travel photos and not my complaints about working late into the night."
"Look," he pointed at the prototype on his phone and said, "here, the diary is locked with encryption technology, and only my own key can unlock the full text. But I can generate a 'sharing key' for my parents, and they can only see the parts I allow them to see, such as only seeing my happy travel photos and not my complaints about working late into the night."
#vanar $VANRY Facing the price of VANRY, my mood is hard to calm down. The current price is $0.006043, which is about 35% lower than my cost price of $0.0093. To determine whether and how to break free from this situation, we need to calmly look at the current situation and potential future possibilities.
First, let's look at some key data comparisons:
· Cost price: $0.0093
· Current price: approximately $0.006043
· Holding floating loss: approximately -35%
In my opinion, breaking free is more likely to be achieved through the following paths, but all require time or my proactive actions: 🤔🤔
1. Overall market recovery: If Bitcoin leads the cryptocurrency market into a bull market, most altcoins will rise as well. This is the path that relies most on external conditions.
2. Project breakthrough milestones: If Vanar Chain announces significant progress in AI or gaming collaborations, and truly brings a surge in on-chain users and transaction volume, it may drive an independent market trend. However, current data shows its market "attention" is very low.
3. Actively managing positions: This is the path I can control the most. The core idea is to lower the average holding cost, so that in the future, it won't need to rise back to the original price to break free. @Vanarchain
First, let's look at some key data comparisons:
· Cost price: $0.0093
· Current price: approximately $0.006043
· Holding floating loss: approximately -35%
In my opinion, breaking free is more likely to be achieved through the following paths, but all require time or my proactive actions: 🤔🤔
1. Overall market recovery: If Bitcoin leads the cryptocurrency market into a bull market, most altcoins will rise as well. This is the path that relies most on external conditions.
2. Project breakthrough milestones: If Vanar Chain announces significant progress in AI or gaming collaborations, and truly brings a surge in on-chain users and transaction volume, it may drive an independent market trend. However, current data shows its market "attention" is very low.
3. Actively managing positions: This is the path I can control the most. The core idea is to lower the average holding cost, so that in the future, it won't need to rise back to the original price to break free. @Vanarchain
B
VANRY/USDT
Price
0.0093
#dusk $DUSK Looking at the current price of $0.0854, reflecting on my cost price of $0.295, my feelings are truly complex... 😭😭
This is not just a simple numerical gap, but the reality of asset depreciation exceeding 70%. Is the fundamental value of DUSK worth my time cost to wait for a possible future? 🤔🤔
My cost price is roughly positioned between the historical peak and the recent rebound high. This means I bought in at a high point in the previous market cycle. To return to my cost line, DUSK needs to rise about 245% from the current price. This is undoubtedly a huge challenge, one that cannot be achieved by short-term fluctuations.
DUSK does not provide a clear date for "when to break even," but rather a logic for "why it might break even." The cost of this opportunity is the potential risk and the time and funds I have invested that may continue to lie dormant.
Its future heavily relies on the narrative of "compliant privacy finance" and whether it can truly transition from the white paper and testnet to the trading floor of major exchanges. In my view, 2026 will be a key year for this story to be tested. @Dusk
This is not just a simple numerical gap, but the reality of asset depreciation exceeding 70%. Is the fundamental value of DUSK worth my time cost to wait for a possible future? 🤔🤔
My cost price is roughly positioned between the historical peak and the recent rebound high. This means I bought in at a high point in the previous market cycle. To return to my cost line, DUSK needs to rise about 245% from the current price. This is undoubtedly a huge challenge, one that cannot be achieved by short-term fluctuations.
DUSK does not provide a clear date for "when to break even," but rather a logic for "why it might break even." The cost of this opportunity is the potential risk and the time and funds I have invested that may continue to lie dormant.
Its future heavily relies on the narrative of "compliant privacy finance" and whether it can truly transition from the white paper and testnet to the trading floor of major exchanges. In my view, 2026 will be a key year for this story to be tested. @Dusk
B
DUSK/USDT
Price
0.29528
The financially anxious manager waiting for Plasma to 'pave the way' @格格巫
Every month on the 15th in the afternoon, the anxiety of my colleague Old Wang is visibly apparent. He is the department head, managing a small team of over ten people, including two colleagues working remotely from other provinces. As soon as it is past three o'clock in the afternoon, he starts refreshing the online banking page frequently, and he can only relax and slump in his chair to sip cold tea when all employees' salaries show 'Payment Successful.'
"You have no idea the trouble involved," he once complained to me, "local employees go through the bank, while remote ones use third-party payment platforms; the fees and processing times are different. What I fear the most is encountering system delays or holidays, where one or two employees might not receive their payments on time, and my phone will be bombarded with calls. They think I have been negligent, but I am actually stuck between the bank and the payment platform, just waiting helplessly." For him, payday is not a moment to showcase the company's strength, but rather a monthly pressure test of the process. What he needs is not complicated financial tools, but a unified, instant, and cost-effective payment endpoint.
"You have no idea the trouble involved," he once complained to me, "local employees go through the bank, while remote ones use third-party payment platforms; the fees and processing times are different. What I fear the most is encountering system delays or holidays, where one or two employees might not receive their payments on time, and my phone will be bombarded with calls. They think I have been negligent, but I am actually stuck between the bank and the payment platform, just waiting helplessly." For him, payday is not a moment to showcase the company's strength, but rather a monthly pressure test of the process. What he needs is not complicated financial tools, but a unified, instant, and cost-effective payment endpoint.
#plasma $XPL Today's trend finally looks a bit better. Watching the account where XPL has pulled back from 0.07 to the current price of 0.0837, an increase of 8 points during the day stands out in the green list 😪😪😪
But shifting my gaze to the right, I see that glaring cost price of 0.1475, and the little spark that just emerged in my heart is extinguished. This slight increase feels like a drop of rain in a long drought; it makes noise, but it's still far from quenching my thirst.
I understand that being trapped is the norm in this market, especially for those rushing ahead of the narrative. At this price, the market is no longer trading on Plasma's technical vision, but on something more stark: liquidity, selling pressure expectations, and that patience which has been repeatedly worn down. The well-known token unlocking issue hanging over our heads is like the elephant in the room, making any rebound not driven by massive capital feel somewhat lacking in confidence. This 8 points is a technical correction after an oversell, a probe by short-term funds, but it doesn't seem like the sound of a trend reversal.
So, I no longer look at the anxious number of "how much percentage until breaking even." I treat it as an observational experiment; my position is just a ticket to enter. What I need to verify is whether, under such depressed prices and heavy macro pressure, the things promised by the Plasma team—those payment collaborations, ecological applications, and technical upgrades—are still being solidly advanced or have already stagnated? Prices can deceive you, but on-chain data and the developers' commit records are usually more honest. @Plasma
But shifting my gaze to the right, I see that glaring cost price of 0.1475, and the little spark that just emerged in my heart is extinguished. This slight increase feels like a drop of rain in a long drought; it makes noise, but it's still far from quenching my thirst.
I understand that being trapped is the norm in this market, especially for those rushing ahead of the narrative. At this price, the market is no longer trading on Plasma's technical vision, but on something more stark: liquidity, selling pressure expectations, and that patience which has been repeatedly worn down. The well-known token unlocking issue hanging over our heads is like the elephant in the room, making any rebound not driven by massive capital feel somewhat lacking in confidence. This 8 points is a technical correction after an oversell, a probe by short-term funds, but it doesn't seem like the sound of a trend reversal.
So, I no longer look at the anxious number of "how much percentage until breaking even." I treat it as an observational experiment; my position is just a ticket to enter. What I need to verify is whether, under such depressed prices and heavy macro pressure, the things promised by the Plasma team—those payment collaborations, ecological applications, and technical upgrades—are still being solidly advanced or have already stagnated? Prices can deceive you, but on-chain data and the developers' commit records are usually more honest. @Plasma
B
XPL/USDT
Price
0.1475
Today I still chose $WMTX
The first half lost 4 knives💔💔
The second half made up for it
The 30k transaction loss was less than 1 knife
I guess it's just lucky🤔🤔🤔
The first half lost 4 knives💔💔
The second half made up for it
The 30k transaction loss was less than 1 knife
I guess it's just lucky🤔🤔🤔
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