🐋 A major whale known as Maji is underwater by 2.1 million USD this week alone. They are currently holding heavy long positions, with a 32 million USD ETH long opened at 2,330 and an 8.2 million USD BTC long opened at 80,224. The liquidation price for ETH sits at 2,234, which is less than 100 USD away from a total account wipeout. The pressure is immense. 🚨 Meanwhile, the project Avant has officially postponed its TGE to September, citing that current market conditions are simply not favorable for a token launch. This is a clear signal of extreme caution from within the industry. 🛑 In an even more stark development, Legend has announced it is shutting down entirely. The stated reason is insufficient growth and an inability to sustain operations in the present environment. 📉 The picture is clear: a top-tier whale is clinging to their positions, a promising project is delaying its debut, and another is closing its doors for good. This is not a market of opportunity for the faint of heart. It is a market of brutal, cold reality.