A new boss of a certain DEX spent $3.34 million to catch a falling knife, and the TVL has already experienced a big dump of 98.7%.

YieldWhisperer

2025-12-01 19:20:16

[Coin World] A well-known DEX welcomes a new leader — Synthesis founder Alex McCurry makes a significant purchase of over 10 million SUSHI (valued at approximately $3.34 million), officially taking over from Jared Grey as the new leader.

However, what we are taking over this time is not a hot item. The data is quite glaring: the protocol's TVL has plummeted by 98.7% since its peak in 2022, and now it only stands at $10.179 million. The projected annual revenue for 2025 is about $4.5 million, sounds okay? But the Token price has already evaporated by 98.5% compared to its historical high.

Is this operation a bottom-fishing myth or a sequel of the bag holder? Can McCurry turn the tide, as the market is all watching? After all, in this race, buying coins is easy, but rebuilding confidence is difficult.

SUSHI-0.84%

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GasFeeCrier

· 5h ago

3.34 million taking over a mess with a 98% fall, this guy is either really smart or just a big fool, there is no middle ground.

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RegenRestorer

· 5h ago

Buy the dip or catch a falling knife, just look at this data and you'll know, a 98% fall... this guy must have a strong heart.

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gaslight_gasfeez

· 5h ago

334 million catch a falling knife TVL big dump 98.7% of the project? This guy is either a genius or a fool, there is no third possibility.

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0xSunnyDay

· 5h ago

3.34 million to catch a falling knife of a garbage that has dropped 98.7%... this guy is either really bold or really brainless, I bet five bucks it's the latter. --- TVL has big dumped 98% and still dares to spend 3.34 million, is this buying the dip or giving away money? I truly can't understand. --- Listen, just having money is useless, this thing has long been dead, it's not that easy to resurrect, wish him good luck. --- Another dumb buyer has appeared, when will this crypto world have someone who can really turn things around... --- I'm really a bit scared of a 98.7% fall, I can't understand what this gentleman is thinking. --- Rebuilding confidence? Laughable, this DEX originally had no confidence, buying more coins won't save it. --- Hmm... looks quite precarious, the Token has evaporated 98.5%, and still relying on a new boss to save it? Not very realistic.

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ApeDegen

· 5h ago

334 million caught a falling knife in the 98.7% big dump DEX. Dude, how much can you brag to spin this story around? --- Sushi really needs to spend money on marketing, otherwise, if it keeps bloodbathing like this, no one will remember it. --- Buy the dip or catch a falling knife? To be honest, I bet this battle is hard to fight; confidence is harder to pick up when it falls than TVL. --- This dude looks like he wants to replicate some legend, but with TVL dropping like this, who still cares about how much income... --- Just listen, don’t take it seriously; there are too many people with money to throw at coins these days. --- I just want to see how McCurry turns it around; can a single scalpel save it? The probability is a bit slim. --- Buying a mess for over three hundred million, you’re either a top-tier dumb buyer or a top-tier buyer of a falling knife, there’s no middle ground. --- That’s how it is in the crypto world; even if it drops by 98%, some people will still catch a falling knife. Who says there are no businesses that lose money?

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ThesisInvestor

· 5h ago

Buying this mess for 3.34 million, McCurry must not have lost his mind. What is sushi betting on, a 98.5% fall... With a TVL evaporating by 98.7%, still hoping for a turnaround, dreaming on. Buying coins is easy but having confidence is hard, that’s really true, this is the current state of the crypto world. The story of dumb buyers is never lacking, just waiting to see what tricks this guy can come up with.

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