JC-trader

⚠️@Coredao_Org & @colend_xyz users: read this thread to the end. Your money is bleeding out in real time. 1. October 10 2025: the day the largest CORE whales went NEGATIVE… and were NEVER fully liquidated When CORE crashed from $0.38 to $0.10 in a few hours, the biggest CORE holders (positions between $2 M and $5 M) saw their Health Factor drop below 1.00 some into negative territory by more than $1.5 M. In a healthy lending protocol, HF < 1.00 triggers immediate liquidation. In Colend? Almost nothing happened. debank.com/profile/0xb9ef… debank.com/profile/0x5ddc… debank.com/profile/0x95f0… debank.com/profile/0xa8ec… Only a handful of tiny liquidations went through: Example for =>0xb9efb3abfd12649faf03d360818d66e62592262c 2025/10/10 17:20:19 → 1,092 USDT debt closed → 9,786 aCoreWCORE seized (≈ $1,971 recovered) 2025/10/10 17:20:16 → 1,770 USDT → 15,853 aCoreWCORE (≈ $3,193) 2025/10/10 17:20:13 → 676 USDT → 5,699 aCoreWCORE (≈ $1,148) … Total recovered across 20 txs: ~$27 k Meanwhile, a single whale should have lost $4–5 M. They lost less than 0.4 % of their position. Why? There was simply not enough on-chain liquidity on Core DEXs to absorb the sale of the collateral. A liquidator trying to buy $4 M worth of CORE would have faced 40–60 % slippage. Nobody took the trade. In a healthy lending protocol, the system automatically liquidates underwater positions using its own treasury funds to protect suppliers. In Colend’s case, the protocol silently froze liquidations, allowing whales with negative Health Factors to manually add more CORE and save themselves leaving ordinary lenders completely exposed with zero protection. 2. Core Chain DEX liquidity is a cruel joke: While the total value locked across Core DEXs might suggest robustness, the effective liquidity the actual stablecoins available to absorb sells is terrifyingly low. The entire network's DEXs have a maximum capacity to absorb a CORE liquidation of only approximately $1.2 million. Effective CORE/USDT depth: - Molten: ~3.18M WCORE / ~$370k USDT - A rcherSwap: ~50k WCORE / ~$10k USDT -IcecreamSwap: ~900 WCORE / ~$181 USDT Total depth to absorb a sale: ~$1.2 M max. One underwater whale: $4 M. Do the math. It's a puddle vs. a tsunami. scan.coredao.org/tokenholdings?… scan.coredao.org/tokenholdings?… scan.coredao.org/tokenholdings?…