Big short (checkout substack {free} when APE was $4.60 and we had a short bias due to poor Unlocks)

Michael (curve funder) was able to secure (likely OTC Deals)

$740k from prisma finance
$1.48m from creamfinance
$1.47M from Dwflabs
$2.5M from dcfgod
$2.89M from justinsuntron
$1M from wintermute_t
+ multiple other entities small amounts

1/2

Another new entity bought OTC, but transferred a small amount to > Binance & cobo; ready to dump on exit pump

1/3

Another address bought $150k OTC for $100k USDT (10min ago)

1/4

Machi brother just bought for $2.24m (OTC) add it to the list

1/5

Another Opensea User bought for $100k (NFT people rotating to Defi)

Side note: since these deals are OTC, they must have a lock period! not just like dump tomorrow.

DWF just bought 10m more $CRV.

Summary

1. Buy $45m-$50m of $CRV from founder via OTC at $0.40 cents so he can pay down his loan.

2. Max lev long $CRV across multiple exchanges. (OI $71m ~ Binance, $28m Bybit, $23m Okx)

3. Founder pays down loan with newly acquired USDT from OTC deals.

4. Market sees the loan paid down and start covering their shorts.

5. Whales sell their spot CRV and close out long positions. (Enough Hopium)

^

U.S. DEPARTMENT OF JUSTICE OFFICIALS ARE CONSIDERING FRAUD CHARGES AGAINST CRYPTO EXCHANGE BINANCE - SEMAFOR - RTRS

NFP Day , 1hr before the bell
est; 205K

BTC perf after NFP last 41 Nfp's (Average ~ 4.55% -+)

top performers:
$YGG > Unlocks Exit Pump
$SHIB > Upcoming shibarium Upgrade
$CRV > Hacker Returned the funds (OTC Work done)

$CRV ^

^

Binance listing $YGG perps 20x trigger