Transparent Portfolio Update:

I took losses of about $200k overnight over WLFI, ENA and PENGU. I was betting on a big repricing that failed to materialise after the most dovish Jackson Hole in years occurred and we retraced over the weekend.

I am currently…

I'll just be the guy that says it because no one else will.

Airdrops in today's format exist because no one gives a crap about new projects coming out because they are largely all the same repackaged product that we've all seen before.

Even if the technology…

Stablecoin farms update 👨‍🌾

Between points and real yield, I'm making about $500k per month, which is pretty crazy.

This is what I'm farming 👇

(1/5) $HYPE -- the path to $1,000 🧵

I've written a lot about $HYPE's value today, but what about its value in 5-years?

I'll try to make this quick & cover what assumptions are required to achieve $1,000 per $HYPE by 2030. Honestly, it doesn't seem so crazy…

Update: MEXC Attempts To Lure The White Whale To Meet In Person...For Potentially Sinister Reasons??

I received an email from MEXC (with my anti-phishing code and from their official domain). I triple-verified - it was authentic.

The email claimed:

“Our…

The odds of being profitable trading new pairs is depleting by the day, so I don't think we get a new 'superstar' of the trenches.

Before, the attractive part about trading on-chain is that you had better odds on there vs the casino.

Contrary to now,…

anyways, to sum it all up:
1/ in the absence of new capital, it is a natural conclusion to move to smaller MC coins that have better risk-reward profiles

2/ that, combined with the fact that there are more and more businesses on-chain that are genuinely…

Basically everyone that hedged their XPL bag got blown out

If you didn’t have 3x your short in collateral it was over

It’s particularly bad because it’s not like these people didn’t have the money to back it, just that it’s an isolated market and it all…

The problem with the VC model is that :
- there is little to no oversight
- startup accounting is very basic, nobody really checks deeply how funds are spent
- investors have almost no decision rights
- investors play a numbers game and focus on their winners…

The winners will not show you their real unaltered winning formula (for free or for money)

They may leave breadcrumbs, share isolated wisdom bits and out of context pieces of puzzle on a good day

They may even obfuscate and fabricate stories to sound better…

http://x.com/i/article/1961078178794917888

http://x.com/i/article/1961030513033924608