What Makes Already-Fragile Speculative Tokens Even More Vulnerable?

Speculative tokens carry four interconnected structural weaknesses that make long positions far easier to liquidate than similar positions in BTC, even at the same leverage and volatility. These weaknesses are a higher maintenance margin ratio, funding fees that steadily erode trader capital, thin order books, and a mark price that loses support when spot markets collapse. Humanity Protocol ($H) fell from $0.865 to $0.052 in just over ten minutes, a 93.9% collapse. Many traders blamed a market maker, hackers, or the exchange, but the text says these fragilities turned the wick into an avalanche.