Six Major Black Swan Events in the Cryptocurrency World

1. February 2014 Mentougou Incident

In February 2014, the Mentougou incident shocked the entire cryptocurrency community. At that time, the world's largest Bitcoin exchange, MTGOX, was attacked by hackers, losing nearly 850,000 Bitcoins, accounting for about 7% of the global total. This heavy blow caused Bitcoin's price to plummet by 80%, triggering a crisis of trust in the cryptocurrency market. This event is considered one of the most severe incidents in history.

2. September 4, 2017 Incident

In 2017, the cryptocurrency market experienced significant volatility. The market value evaporated by 80% in just a few days, causing substantial losses for investors. However, this experience also led people to gain a deeper understanding of the complexity of the market.

3. March 12, 2020 Incident

On March 12, 2020, the price of Ethereum plummeted to below $80. This incident exposed the volatility and uncertainty of the cryptocurrency market, yet investors remained steadfast in their faith in cryptocurrencies.

4. May 19, 2021 Incident

On May 19, 2021, 600,000 contract investors faced liquidation overnight, with countless investors suffering massive losses. This event once again warned us: the cryptocurrency market is fraught with risks and uncertainties.

5. 2022 Luna Black Swan Incident

The Luna black swan incident became a major turning point in the cryptocurrency market. It triggered a crisis in the decentralized finance (DeFi) sector, bringing far-reaching impacts to the market.

6. 2022 FTX Crash Incident

The FTX crash incident plunged the entire cryptocurrency market into a crisis of trust, severely impacting the market. Although the market has been relatively friendly this year, these events still serve as a wake-up call, reminding us to remain vigilant at all times.

In this ever-changing industry, we look forward to the opening of a new chapter. After every crash, a fresh start and new heights await. This year, Bitcoin has already broken through the $100,000 barrier, and everything is gradually returning to normal.

Recently, the concept of Musk's puppies on the Ethereum chain has become the strongest concept, with the potential to become the next SHIB, and there are great opportunities for explosive growth in the future. $ETH # puppies $XRP