Perpetual futures may amplify volatility by forcing leveraged traders into liquidations as prices start to drop.

Long-time crypto trader Ogle warned on July 13 that small meme coins with limited liquidity can collapse within minutes when a few large holders decide to sell.

Pointing to recent losses around the latest sensation in the space, CASHCAT, the market watcher reiterated the risks in chasing fast-moving tokens, where paper gains can disappear really fast when leverage, thin markets, and concentrated ownership collide.

Why a Few Wallets Can Move the Whole Market

In a post on X, Ogle made a basic observation about this market: that a lot of people are sitting on…