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AIA TOKEN BLOODBATH: Major Exchange Pulls Plug on Futures, Triggers Liquidation Avalanche
AIA just hemorrhaged another 2.4% as cascading effects continue from a devastating delisting move. A major trading platform wiped out all AIA perpetual contracts and margin trading pairs without warning, sparking a forced liquidation firestorm.
The damage? A brutal 53% nosedive over the past 30 days, and the bleeding hasn't stopped. When the exchange axed those futures, traders got caught in an instant squeeze—positions forcibly closed, stop losses obliterated, panic selling amplified.
Technical breakdown paints an uglier picture. Price crashed through every single moving average support level. No floor in sight. The delisting essentially pulled liquidity out from under the token, leaving holders scrambling.
This whole mess highlights how exchange policy shifts can nuke a token's stability overnight. One platform decision, thousands of forced exits, and a price structure that collapsed like a house of cards. Classic crypto volatility on steroids.