Garrett Jin: The trading platform that establishes a stable fund first will attract capital inflow and promote industry development.

On October 13, Garrett Jin, a Whale who previously made a high-profile dump of over $4.23 billion in BTC to switch to ETH, stated, "The deeper issue in the encryption industry is that trading platforms provide high leverage on assets that lack intrinsic value to meet user demand and increase profits. This high leverage has traditionally only existed in the forex market, where the underlying assets have value support, lower volatility, and liquidity is provided by banks. If trading platforms continue to offer extremely high leverage, they should at least establish mechanisms similar to stabilization funds, like in the US stock market, to provide liquidity support during crises. Only in this way can trust be rebuilt, capital be attracted back, and promote healthy market development. The big dump on October 11 once again proved that, under extreme fluctuations, the market is in dire need of liquidity support. Trading platforms that take the lead in establishing stabilization funds will not only attract capital inflow but also drive the entire industry forward."