ONE at $0.0016, do you dare to bet?
First, look at the surface: bad news exploded, but the price didn’t fall, it rose instead.
In the past 7 days, it rose 130%-160%, doubled in 30 days, and the 24-hour trading volume relative to market cap is exaggerated at 200%-700%. The bottom box ranged 0.00063-0.00070 sideways for a month, doubled in one day on September 16, rose another 80% on the 17th, now retesting 0.0016.
First thing: this is not a revival, it’s a gamble on a “dead chain moving house.”
On September 6, Harmony officially announced shutting down Layer1, migrating ONE to Ethereum as ERC-20, and the project pivoting to AI video “Remix Economy.”
The old chain is abandoned, validators can shut down nodes starting September 10.
Tokens in contracts, LP, and multisig can’t migrate automatically; you must act in advance yourself.
No new issuance to validators, instead funding new business.
Second thing: the supply has been tainted by hackers.
In August, attackers illegally minted about 4 billion ONE, equivalent to 26% of the supply at that time, dumping heavily on exchanges, causing the price to drop to 0.00077.
Later, reconciliation gaps at six exchanges once exceeded 10 billion tokens, now narrowed but still about 6.58 billion tokens unmatched. OKEx’s own gap remains close to 974 million tokens.
Third thing: OKEx planned to delist the contract but postponed today.
OKEx originally scheduled to delist ONEUSDT perpetual on September 18 at 16:00 (UTC+8).
Today they issued a postponement notice; new time to be announced.
Understand? “Delisting time may be announced anytime” itself is a risk premium. Before delisting, there are usually spikes, funding rate chaos, and liquidity thinning.
Long vs short, judge for yourself.
On one side:
The narrative of migrating to ETH remains, funds willing to bet “going on ETH means survival.”
Tripled from 0.00064 to 0.00229, sentiment not completely dead.
7-day rise of 160%, momentum funds still present.
On the other side:
2022 bridge hack lost $100 million, 2026 illegal minting again—security history is terrible.
Mainnet sunset, old ecosystem cut off directly, new story “AI video” is currently just air.
Market cap only 23-26 million, liquidity extremely poor, can double or halve in one day.
Reconciliation gap of 6.58 billion tokens distorts pricing.
Fed just raised rates by 25bp, interest 3.75%-4%, alt liquidity keeps draining.
Key level 0.0016, this is halfway up after a violent spike.
Operation strategy:
For those with no position: wait.
Longs below 0.0012 cost: reduce to light position, remove risk.
Longs above 0.0015 cost: prioritize deleveraging, stop loss below 0.00145.
High-risk longs:
Wait for pullback to 0.00127-0.00146, or better 0.00100-0.00120. Entry condition: 4-hour candle with lower shadow + volume surge stopping the fall, and BTC not breaking recent lows. Stop loss 3%-5% below observation zone. Target T1 0.00180, T2 0.00205.
Short on rebound:
Trigger: rebound stalls at 0.00180-0.00192, or hits 0.00205-0.00220 with long upper shadow. Stop loss no more than 0.00235. Targets T1 0.00160, T2 0.00146, T3 0.00127. If daily close holds above 0.00230 with volume expansion, close shorts immediately.
ONE fell from 0.38 to 0.0016, down 99.5%. Four years, bottom buyers changed batch after batch, the grave grass is three meters high.
This violent spike now is not the project coming back to life, it’s dead chain chips being taken out and speculated again.
The old chain has given up self-rescue, are you still fantasizing it can bring you back?
This is not investing, it’s gambling on whether something dead can resurrect.
It may spike again, but the odds have worsened. It may dump again, and dumping has no fundamental support.
Reduce your position to “won’t hurt if wrong,” that’s the only thing you should do now.
At 0.0016, do you dare to bet?
$BTC$ETH$ONE
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