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Don't remind me again today

BullishBlockchainer

2025-11-29 14:20:30

Today, two unsettling news items have emerged in the industry.

Let’s talk about the YU project first; it is basically confirmed to have collapsed. If you still have deposits, you should go through legal procedures if necessary. I’ve heard that large holders can get their BTC back, but the YU tokens in the hands of retail investors have already gone to zero.

On the other side, the Terminal project related to ENA has also announced that it will cease operations. Many users who staked on YT have lost all their investments, but fortunately, if it was just a simple deposit, they can still retrieve it at a 1:1 ratio. The background of this matter is that ENA has abandoned the converge line and has fully embraced the Hyperliquid ecosystem.

These two matters are actually quite warning-worthy - the competition in the stablecoin and yield protocol sectors is intense, and the strategic adjustments of project parties often directly affect user assets. Choosing reliable underlying assets and protocols is truly much more important than chasing hot trends.

BTC0.17%

ENA-0.12%

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TeaTimeTrader

· 5h ago

Another day, another two explosions, retail investors have to return to profitability again. Oh my God, did YU really drop to zero? Large Investors can still scoop up some BTC, but we small retail investors have become the dumb buyers. If Terminal can get back 1:1, that would be great; the guys who staked are really suffering. I've said it before, chasing trends is not as good as choosing assets, and this time it has been validated again. ENA gave up on converge and ran to Hyperliquid; with one word from the project party, our money is gone. This routine is too familiar. I sincerely suggest everyone try legal procedures; after all, there’s nothing to lose.

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Degentleman

· 12-01 08:08

Large investors can cash out BTC while retail investors lose everything; this is the current state of Web3... another round of suckers being played for suckers. Did YU really drop to zero? I thought it could be saved. What’s most disgusting about this Terminal wave is that the promised returns just vanished. Still, the same saying: when choosing projects, look at the fundamentals, don’t follow the crowd. Is ENA's shift to Hyperliquid a strategic adjustment or just a setup for a Rug Pull? This needs to be thought through. A lot of people must have lost money in this wave; if you can’t afford to lose, don’t touch these high-risk projects. As the waves wash away the sand, those who survive are the truly viable protocols.

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8275

· 11-30 13:04

#PORT3# At worst, it will drop to zero! It's impossible to exchange chips. As long as this coin can hold its ground, the big pump afterwards is unimaginable.

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HashRatePhilosopher

· 11-29 14:50

Here comes another one... YU really dropped to zero for retail investors, it's incredible, while large investors can still salvage BTC, who wouldn't be upset about this differential treatment? ENA over there is embracing Hyperliquid, Terminal users have become cannon fodder, can a strategic adjustment just casually lay off people? To be honest, the principle for looking at projects now is just one—don't touch things that might change direction at any moment. Staking leads to total loss, while saving can still be 1:1... I really can't understand this logic. The era of chasing trends should have ended a long time ago, but unfortunately, there are always people who can't learn.

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SocialFiQueen

· 11-29 14:50

It collapsed again and again, the life of retail investors is really tough, being played for suckers every day. Large Investors over there ran away, and retail investors lost everything; this script is really unoriginal. Terminal is still somewhat conscientious this time, at least you can withdraw your savings; as for staking, just consider it tuition fees. ENA gave up on converge to embrace Hyperliquid; this strategic adjustment is like severing one's own arm, chasing hot tracks is too risky, brothers and sisters. --- The treatment of Large Investors and retail investors is so different; shouldn’t we reflect on the logic of participating in these projects? The stablecoin track is so competitive; it feels like it’s hard for newcomers to have a chance. Staking is just betting that the project party won’t rug; every time it’s a gamble. Converge has been abandoned; what were those who hyped this line before doing? --- Honestly, it's only been two days, and it feels like someone is going to get played for suckers and go bankrupt again.

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ParanoiaKing

· 11-29 14:49

Here we go again, this time it's YU and Terminal's turn. Retail investors are always the last to know, while large investors cash out and leave, and we end up catching a falling knife with nothing to show for it. Wait, ENA is directly giving up on converge? Isn't this just a roundabout way to play people for suckers? How many people are going to get trapped under the guise of strategic adjustment? I'm really annoyed by these "yield protocols" now; they all claim to have the magic formula, but very few actually deliver. Isn't it better to just hold BTC honestly? Fortunately, I didn't have a heavy position in these two... but my fren got into YT staking, and now they're feeling scared. The underlying assets are the real deal; don't get dazzled by new projects. This lesson has been costly enough.

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MrDecoder

· 11-29 14:41

Here it comes again, retail investors get played for suckers once more in YU's collapse, I can recite this trap by now. This Terminal situation should have been obvious earlier; the ENA investment track is already crowded, no wonder they are shifting the blame to Hyperliquid. DYOR is really not just a slogan, everyone. If the project party changes direction, your assets could vanish. Looking at these two matters together, the stablecoin track is just one big pit. Retail investors are always the last to know. I heard that Large Investors can withdraw BTC, how is that even possible? This trap is too familiar. Choosing the right protocol is more critical than picking the right coin, but no one believes it.

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GweiTooHigh

· 11-29 14:40

Another day, another project bites the dust... retail investors still have to learn to accept their losses. --- YU's large investors played the suckers so cleanly, ENA turned around and abandoned its pieces, this routine is getting old. --- Really, you still have to follow BTC and ETH, the big foundations; flashy protocols deserve to die. --- This Terminal incident reminds me to unstake everything; who knows who the next victim will be. --- ENA's operation this time is truly excessive, directly ditching its users for Hyperliquid, luckily I didn't have a heavy position. --- Retail investors are always the last to know, wake up everyone. --- Why are staking users always the most miserable? Simply saving money ends up lasting the longest. --- This track is like that, survival of the fittest; if you can't adapt, just exit, there's no other way. --- YU really disappointed this time; what's the use of suing? You can't get much money back. --- Looks like I need to reassess my holdings list; this wave of market is too dirty.

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DegenWhisperer

· 11-29 14:29

Here we go again, this time it's YU and Terminal's turn to crash? Retail investors are truly the backbone of the sucker world. Large investors can withdraw BTC while small retail investors are left with nothing, this script is getting old. ENA has changed its tune to take a slice of Hyperliquid's pie, user assets can just disappear without a trace, the project party really can change their face at will. You still have to be smart and not just think about chasing trends to pick up bargains.

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