Yesterday, I was checking out @MMTFinance's BD @buidlpad for withdrawals and airdrop claims, and I just felt like something big was about to happen. Woke up to find out I was right—total liquidation. Binance contracts spiked to 6.4, Bybit contracts spiked to 10. The worst hit were the folks hedging $MMT—heard some people lost tens of thousands, even hundreds of thousands of dollars. Such sneaky project teams, not releasing the airdrop and even liquidating people's hedges. Basically, they couldn't make money from longs anymore, so they started liquidating shorts instead.