$PENDLE
Cooling DownSnapshot Window: 2026-07-28 13:20 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 8, Retweets: 1, Likes: 28, Impressions: 889
Verbatim Community Citations & Social Evidence 1 source posts analyzed
The key point to note during these exchange collapses is this: In the previous three cycles, the market crashed because the dex//wallet duo wasn't used. This time, however, exchanges are collapsing because people are using dex//wallet. In the Mt.Gox collapse, the cause was a
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AI visual note: A Turkish infographic titled "CEX'LERİ KİM BATIRDI?" (Who sank the CEXs?) contrasts past exchange collapses (Mt.Gox, Bitgrail, FTX) caused by hacks and mismanagement with the current downturn, where users are moving funds to DEX wallets and self-custody solutions like hardware wallets, shifting liquidity away from centralized exchanges like BitMEX and BitMart. The accompanying post highlights how the cause of exchange failures has shifted from external hacks to user-driven migration toward decentralized finance.