??????????????? in another decade we have a whole generation speaking like that

MICROSTRATEGY HITS $200, SHARES UP 9%

i remember the previous meme frenzy i was throwing money in every shitter to punt even the ones that made no sense

thinking back i really wasted a lot of money (it all adds up)

might go into easy mode but always respect your money, it’s part of growing your glass

shill/reply GCR really working hard

this is a man that leads by example fr

he is raiding for his bags

gotta cleanse yourself from ath

Someone is dumping ETH hard right now.

It might be because they’re expecting some selling pressure from PlusToken, which holds 542k ETH ($1.3B). For more info: https://x.com/ErgoBTC/status/1844117289123410303

Also, there’s more potential supply from the U.S. Government, specifically from the Silk Road seized funds, which are 69,370 BTC ($4.37B).
Wallet: bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6

I wouldn’t trust this bounce, tbh. Still looks like a dead cat bounce (DCB) into resistance. I'm keeping my hedge position open for now.

read this to understand the strength behind cults

there’s alpha in this

murad's list is just taking turns to rip

turn by turn, never all at once

usually from larger cap -> smaller ones

flows

Scroll co-founder: “I don’t think partnering with Binance is "kneeling to a CEX for listing" - it's way more than that, it's a strategic decision to build a partnership for growth and broader support. However, it is indeed a tough decision. Here are some of my thoughts:

1) Binance on-ramp and off-ramp support for stablecoin is big.

This is a major factor for us, especially given the strong demand from ecosystem projects and builders in emerging markets. Having visited Africa, I’ve seen that everyone uses Binance - it even holds stronger legitimacy than Ethereum for many locals.

If we want to build a competitive ecosystem with real global reach, compete with Tron in these markets, and attract different categories of users to the Ethereum ecosystem, strong CEX support is absolutely crucial. No zk layer 2 currently has stablecoin support, it’s a classic chicken-and-egg problem - they want to see adoption, but adoption only comes if this channel opens.

We take the aggressive path to open this for long-term growth. If we didn’t have the ecosystem and builder demand, I would be 1000% against doing this for just a listing. There's additional support that I can’t disclose yet, but this move is much more than just a listing.

2) Timing is quite different with lots of uncertainty.

When ETH, Arbitrum, and Optimism launched, CEXs didn’t have the same leverage in terms of distribution, and it was relatively easy to get CEX support before. Tron actually made a very good move on this - it got all CEX support and subsidized stablecoin transfers to 0, and then there is a network effect built around it.

Currently, layer 2 solutions are becoming commoditized, and the market is moving fast. Crypto users generally dislike infrastructure, so it’s tough timing to get the deep support we need. We can definitely bet on getting listed without any deal, but we know other deeper support will take at least months time (e.g., Celo has been around for years but only recently got native USDT support, and adoption picked up after Binance got involved).

With this timing, we have to decide between moving fast now or potentially waiting another 6-12 months for uncertain support.

3) Launchpool money comes from the growth bucket, not the community airdrop.

We’ve reserved 15% for community airdrops, and the launch pool allocation comes from our ecosystem and growth category, it doesn't influence how much our own community will get. It's because we believe it will drive global expansion as an ecosystem growth strategy We’ve compared it to Apple charging fees from apps - it’s not unreasonable considering the level of distribution they provide. Our own community will get way more via a sequence of airdrops similar to what Optimism has done.

Also, if we look at the result, over 1 million users are participating in this process, and to ensure fairness, pre-market purchases will be capped at 2,500 SCR per user. It’s similar to an airdrop for new user acquisition, though some Binance whales will earn more during this process - but that's a trade-off we accept.

Last thought on the long-term growth.
Long-term, I believe layer 2 solutions need real distribution and organic growth. Arbitrum and Base are doing a great job, but no layer 2 has fully achieved that yet. We need to be very practical for the next stage if we want this industry to make an impact to the real world.

Token distribution isn't a one-time event, it’s a growth lever and also helps with protocol decentralization and governance. After the initial sell-off, we expect the community that trusts us to hold, and distribution will stabilize in a healthy way. Even now, pre-market sentiment is divided - some are pretty bearish, expecting a dip, while others are pretty bullish, eager to buy the dip, and confident in our future progress.

It's a very complicated market dynamic, all we are focusing on is our own tech roadmap (releasing soon) and the next stage of growth & ecosystem building. A lot more will come in the coming weeks.”

https://x.com/yezhang1998/status/1844890558222958654

this is true btw, you would've realised there have been weird milly runners with zero mindshare

they are coming and will continue to do so

https://fxtwitter.com/TylerDurden/status/1845325660299882787