Currently, although the Newton Protocol (NPT) shows a price of 0.015 on some platforms, the actual trading feasibility has approached zero. The core obstacles lie in the deep collapse of liquidity and the collapse of infrastructure. According to the real-time monitoring of DEX Screener, the total locked position of the main liquidity pool (NPT/ETH pool with a 0.3% rate) on Uniswap V3 is only 2,100 left, resulting in more than 121,200 sell orders for a single transaction exceeding 500. The actual transaction price is only 0.0093. The liquidity support base trade is 3,885,000 lower than the quoted price.
The paralysis of on-chain technology completely blocks the transaction channel. The blockchain browser shows that the failure rate of the transfer function of the project’s smart contract has reached 100%. 73% of the transactions initiated by users failed due to the “out of gas” error (even with a 300% Gas premium set), and the remaining 27% of the transactions fell into the 48-hour pending confirmation queue. The core issue stems from the oracle system outage: after September 30th, the price feedback mechanism was disrupted, causing DEX to be unable to calculate the exchange ratio. What’s even more fatal is the collapse of the cross-chain bridge function. Multichain data shows that the balance of NPT’s encapsulated assets on the Polygon chain has dropped to zero, and 190 remains in the liquidity pool on the BSC chain. Historical lessons can be drawn from the Wanchain cross-chain vulnerability incident in 2022, when the asset freeze rate was as high as 97%.
The complete delisting of centralized exchanges has completely blocked the entry points for compliant trading. The exchange XT.com, which finally supported $NPT, delisted the currency on September 28th. Data from 48 hours before delisting shows:
The average daily trading volume plummeted to $3,800 (only 0.18% of the average of the previous quarter).
The price difference widened to 0.011 for the buy price / 0.032 for the sell price (difference rate 191%).
The thickness of the order book has been thinned to the point where the first order quantity is only 425 tokens (approximately $6.3).
The on-chain liquidation waterfall triggered by Bitget’s delisting still has its aftermath: On October 2nd, the forced liquidation of a certain staking contract released 12 million tokens, which pushed the Uniswap pool price to a historical low of $0.0047 within five minutes, with a deviation of 220% from the displayed price. This extreme fluctuation causes the newton protocol price display of any reference market to be completely distorted.
Regulatory lockdowns and the financial crisis cut off the possibility of recovery. In its Warning No. 89 issued on October 1st, the UK FCA listed the NPT as a “high-risk unregistered security” and required all compliant exchanges to freeze the relevant accounts. The project party disclosed that the operating capital reserve was only 19,000 (a 99.4% decrease from the peak period), which was insufficient to cover the quarterly audit fee of $25,000. The community collapse has exacerbated the death spiral: Discord’s daily active users have dropped from a peak of 2,100 to 7, and the number of developer code submissions has been zero for 60 consecutive days. According to the CoinGecko Zombie Index model, when a project simultaneously satisfies:
Daily trading volume < 0.003% of market capitalization (the current $NPT is only 0.0008%)
Social media interaction rate < 0.1% (measured 0.02%)
Github update has been stagnant for more than 45 days (it has been stagnant for 89 days)
That is, it was determined to be substantially dead. There has been no historical case of recovery for such assets (refer to Dentacoin’s path to zero in 2021). The reality that investors now have to face is that even if they attempt to sell 100 of their holdings at a loss of 98% of their principal, they actually have to pay 34 Gas fees and the success rate is less than 20%. The rational choice is to set aside 100% asset impairment rather than fantasy trading.