Crypto Mumbles – Telegram
Crypto Mumbles
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things I mumble to myself about crypto

basically my transparent crypto diary

education, analysis, and trades 🙂

Twitter: https://twitter.com/dpycm
Medium: https://medium.com/@dpycm
Lifemax (non-crypto): t.me/humblespace
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regarding the DOJ news, i think it's quite timely

the market has been exhausted for awhile now after sidelined capital has been deployed + liquidity fragmentation across so many narratives

if you've been reading my updates, i've closed all longs a week back in anticipation for a pullback, but the market was still defending key levels

we needed a fud to tip the market into correction mode (it is GOOD and HEALTHY to always have corrections esp after such big run ups)

now that the correction is here (or that i think it is),

1) do you have your shopping list ready?
2) "i'll buy when it dips", but when the dip is here will you actually buy or "i'll wait for lower"
3) are you selling your holdings in anticipation for a possible 20-30% retrace when you know your bags will go 4-5x in a few months? then why sell?

personally, i won't be selling my spot bags and will be bidding the rest of my stables during the pullback

current thoughts is that early jan '24 we'll run it back faster than before

pretty sure there'll be some bullish news that sparks the next leg, its never a coincidence 🤓
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Forwarded from unfolded.
DOJ to announce Binance settlement in press conference today: BBG
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it's so over -> we're so back

imajin selling your spot bags just now hoping to buy back lower just for the market to run it back 🫡

you get the point

and also why i rather maintain a long-only portfolio in a bullish market

anyw, i still think we pullback towards December
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Forwarded from Alpha
Binance CEO CZ In Discussions To Step Down As Criminal Investigation Ends
Forwarded from Wu Blockchain News
According to Fortune, Web3 data privacy solution Privy completed $18 million in Series A financing, led by Paradigm and participated by Sequoia Capital and others. Privy powers companies such as catering service Blackbird and sports card site Courtyard. — link
Forwarded from Watcher Guru
BREAKING: Changpeng Zhao (CZ) resigns as Binance CEO.

@WatcherGuru
Forwarded from unfolded.
Binance founder Changpeng Zhao agrees to step down, plead guilty — link

- Binance agrees to pay fines totaling $4.3 billion
- CZ plea deal may preserve company's ability to operate
- CZ to retain majority ownership of Binance
- CZ won’t be able to have an executive role at the company
Forwarded from Watcher Guru
JUST IN: OpenAI rehires Sam Altman as CEO.

@WatcherGuru
Crypto Mumbles
think this brings in more positive sentiments and hope among market participants , esp those that sold their $TIA airdrop early (left to cope or buyback)
PYTH

bullish that it's been ranging sideways

TIA has indeed instilled some form of hope in addition to Pyth <>Solana relations

some airdrop participants chose not to sell, some bought more, and unqualified participants bought in the open market

still talks of Pyth to Chainlink comparisons going around, saying Pyth should be valued at higher FDVs

still below my dump price, so might start accumulating again within range and selling on breakout

will send the Pyth moonsheet in the subsequent post
Crypto Mumbles
chart looks pretty bullish, bought in around 0.1

will consolidate more information in the coming days

but i think this might be a coin to watch
Shrapnel // $SHRAP

Shrapnel is a moddable FPS game built by a unique team of BAFTA & Emmy Award-winning talent, using UE5 & blockchain.

Investors and Partners
Razer, Dragonfly Capital, Mechanism Capital, GuildFi, Spartan Group, Merit Circle, DeFiance Capital, Avalanche, and more. Full list here.

DWF is also market making for $SHRAP.

Shrapnel is also partnered with LayerZero Labs to make their in-game assets bridgeable - link

$SHRAP Utility
- Gameplay Rewards
- Skins
- Maps & Map Objects
- Content Curation
- Creator Rewards
- Governance
and more here.

More utility generally means greater demand and lesser sell pressure in the long run.

Market Supply
Currently, only about 8% is circulating, with the next immediate unlock being in 6 months (Ecosystem Fund). However, the biggest unlock is still a year away (Team, Seed, Early Investors, etc.). Team, Seed, and Early Investors all have a 1 year cliff, meaning they have 0 tokens rn.

Without near-term sell pressure, $SHRAP should go higher.

Others
> Early access in December - to participate, you'll have to get an expansion pack here.
> Very clean graphics and gameplay which can be seen in the demos on their Twitter.
> Heard that the liquidity on TraderJoe is thin, you might face slippages buying it on DEX. I personally bought on Kucoin.
> Shrapnel is already listed on Epic Games.

Thoughts
> Big backers and investors also means big dump when they unlock. Will be exiting before the big unlocks.
> Marketcap sits around 50m which feels quite underrated for a game of such calibre.
> Sauce is that early investors are currently only up 3-4x (unverified). I think we're relatively close to early investors' cost price.
> Success of early access would be key to whether $SHRAP flies higher or chop/grind up slowly. Looking forward to the reviews.
> GameFi narrative is heating up, Shrapnel fits in quite well. Pumpamentals + Narrative checks out!

#reads Shrapnel
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