Today I want to tell you how I began on
@MEXC_Official
— my journey filled with hopes, pain, liquidations, and lost funds.
I registered
@MEXC_Official
on May 23, 2024.
The very first thing I did was pass the basic KYC.
My first deposit was 30,000 USDT. Following my friend’s advice, I opened long positions on PEPE and DOGE with 50x leverage.
I was thrilled watching the balance grow.
Then I decided to open five more long positions, which later turned out to be my biggest mistake.
A few days later, on May 30, my open positions were liquidated, even though I had added additional deposits trying to avoid liquidation.
I wanted to make up for the losses. My friend reassured me that the market was bullish and that I could easily recover everything with long orders and come out ahead.
So I deposited again. But the same scenario repeated — profit burned along with the deposit. Another liquidation came on June 11.
The next liquidation happened on July 4.
By August 3, my positions were almost closed at take profit — when suddenly, during the Asian session, a massive dump happened. Nearly 300,000 USDT turned into zero within hours. Liquidation.
For some reason, I decided the market would start recovering quickly and that I had to “buy the dip.” I rushed to make new deposits and open more trades — but ended up with several liquidations in a row…
I took a break. My strategy was unprofitable for me, and the market was too volatile.
Experts and analysts promised growth by winter. Loud headlines like “Bitcoin to $100,000” were everywhere.
In November, a real bull run happened on expectations of Trump’s victory. I decided it was time to trade again and recover all the deposits I had lost earlier.
I deposited 20,000, and the next day added another 10,000. Everything went well for quite a while. The 30,000 deposit grew into more than 900,000. Once again, I was very close to closing my positions at take profit.
But then all my positions were liquidated. The dump on December 19 was too strong, and I had too many open trades. My balance wasn’t enough because I was trading cross-margin with maximum leverage.
I made yet another deposit, opened positions at what seemed like good prices, and started to recover the losses — but got liquidated again. It was only a rebound; the dump wasn’t over yet. The bottom hadn’t been reached. I rushed in too early…
During this entire period (May 23 – December 20) I was only making deposits — I never even got to the point of requesting a withdrawal.
In short, I reached the point of no return, if you can call it that.
Too much effort, time, and money had been poured into this exchange, MEXC.
In total, a little under 1 million USDT was deposited — calculated against BTC, ETH, and BNB rates on December 20 (~950,000 USDT).
And yet, when I was losing money on futures trades and facing liquidation after liquidation, MEXC never blocked my account. According to their own risk control system, there were no anomalies whatsoever.
My
@MEXC_Official
UID 63218153
#MEXCFreeze #MEXCRiskControl #MEXCUserFundsFrozen
9:09 PM · Aug 29, 2025
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