According to @Pumpitfren, there is a sentiment of uncertainty surrounding investments in Phantom, as traders speculate on the potential for significant losses. This highlights the importance for traders to conduct thorough market analysis and risk assessment when dealing with volatile assets like Phantom.

According to @intotheblock, Aave V3 experienced $10 million in liquidations in a single day this month, the highest amount since April. As asset prices decline, the selling pressure from these liquidations contributes to a downward spiral. The liquidated assets belonged to users who had borrowed volatile assets.