The performance of the Plume project is a textbook example of a cautionary tale. Before mid-October, it was still bleeding investors, but then it suddenly plummeted—this wasn't a slow decline but a true avalanche—completely bottomless, with no decent defensive position.

The worst affected are the contract participants. 2x, 3x leverage can't withstand it, as the drops often start at 33% or more. Every rebound turns into a slaughterhouse for the bears, and the bulls are just sending themselves to death.

Even more frightening is that this decline doesn't seem to be over. An 80% drop? It's not impossible. No one knows where it will end up. With such a trend, any long position will come at a bloody price.