2/3
However, with the listing announcement, another CEX, Bitget, provided a contract link showing a total supply of 100 billion tokens (!!!). Consequently, the market price organically decreased a hundredfold to adjust for the new supply.

What are the takeaways?

In my opinion, this is a shortcoming of Bybit, who in the pursuit of profit, starts trading based solely on PRICE. As a result, regular users suffer. For instance, on perp-DEX AEVO or HyperLiquid, trading always happens based on FDV (!!!), meaning no matter what supply devs decide to set, your price won't be wiped out!