As a CMU-trained quant who built an ETH volatility model with 78.3% accuracy, I’ve seen this before. NEM’s 24-hour price swing—from $0.00362 to $0.002558—isn’t just noise; it’s a forensic signature of failed liquidity traps. The trading volume drop (10M → 3.5M) and exchange rate collapse (32% → 14%) reveal a silent run to zero. This isn’t market chaos—it’s algorithmic cannibalism dressed in DeFi’s regulatory sandbox.