F2Pool co-founder Wang Chun mentions the warning of "Silver Thursday": If CZ copies similar rules, curious about the market reaction

SmartContractAuditor · 2026-02-06T08:16:14+00:00

F2Pool co-founder Wang Chun mentioned the "Silver Thursday" of 1980 on the X platform, when COMEX implemented regulatory rules restricting silver purchases, causing a sharp drop in silver prices. He questioned how the market would react if CZ adopted similar measures. This event was triggered by the failed manipulation of the silver market by the Hunt brothers, leading to panic and liquidations.

SmartContractAuditor

2026-02-06 08:16:14

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Odaily Planet Daily News: F2Pool co-founder Wang Chun posted on the X platform that during the “Silver Thursday” in 1980, COMEX implemented a series of regulatory rules that effectively banned new silver purchases, allowing only liquidation and selling. Curious to see how the market would react if CZ were to implement similar measures and those spreading FUD sentiments.

It is reported that Silver Thursday was a major event in the silver commodity market on March 27, 1980. The Hunt brothers in Texas, USA, failed in their attempt to manipulate the silver market, causing silver prices to plummet. The New York Mercantile Exchange introduced “Silver Rule No. 7” to counter the brothers’ hoarding behavior. This new regulation was specifically designed to target financial leverage, significantly restricting the practice of buying commodities on margin. As a result, silver prices dropped over 50% within just four days. Since the Hunt brothers financed their silver purchases through大量借贷, they were unable to repay their debts at this point, leading to market panic.

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