Targeting CEX, the Withdrawal Movement Exposed Whose Weaknesses?
The world has long suffered from centralized exchanges. A sudden "withdrawal movement" in September shocked the entire crypto community. This was not only an emotional catharsis after prolonged oppression by exchanges, but also a "populist war" launched against exchanges' "data dumping" of DeFi tokens. Retail investors at the bottom of the food chain began to resist exchanges, trying to pressure the exchanges at the top of the crypto pyramid through DeFi. However, the withdrawal movement didn't last long, and its momentum quickly dissipated amid frequent new developments in the crypto community, with slogans exceeding actions.