MX Token (MX)

When I pressed that button, my portfolio disappeared. Has anyone experienced this before? https://t.co/4oRKVH3v2h

Layoffs at centralized crypto exchanges are not uncommon

Earlier there was MEXC (Milk Tea) $MX, then JU (Aggregation Coin) $JU, and more exchange layoffs are expected.

The false prosperity brought by a bull market leads to short-term staff expansion, and both hiring and layoffs are severe in token listings and contract business development.

These roles are essentially sales; during a market downturn, poor performance of exchanges leads to layoffs, which have little impact on the core business of the exchange.

If exchanges start mass layoffs of product managers, developers, etc., it raises concerns about the platform's operation, potential bankruptcy risks, and the safety of users' funds on the exchange.

On-chain decentralized exchanges (DEX) such as Hyperliquid $HYPE and ASTER $ASTER deliver a dimensionality reduction strike against centralized exchanges (CEX), with productivity per person dozens to hundreds of times higher.

Currently, leading DEX teams have fewer than 100 people, whereas CEXs often have thousands or even several thousand staff; for example, Hyperliquid's contract business already accounts for 10% of Binance's volume, highlighting the productivity gap.

A real-life story: a friend used a JU token giveaway to cover a flight and hotel in a Southeast Asian country, then went all-in with $70,000 worth of JU, and now only has about $5,000–$7,000 left.