on-chain autist; i find crazy Xs and build cool things; never FA
Joined December 2024
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Phoenix retweeted
It's because the game is complete.
I've said it before and I'll reiterate it once more:
When a new game comes out, you all rush to play and figure out the blueprint/what works best.
A.K.A. know the META.
EVERYTHING in crypto is known now.
The "fun" part was learning something NEW by yourself via trial and error and gaining edge/alpha, whatever you wanna call it.
Now you have kids who were playing Fortnite jumping "into the trenches" and knowing exactly how to rape everyone with tutorials left and right.
Within a week they can win.
EVERYTHING is overly saturated.
And unfortunately, most are outperforming "OG" traders because OGs won't sacrifice their ethics for a quick buck.
So as OGs go extinct, the newer folks demonstrate their raping skills and consequently, everyone compares to that.
It's no longer about investing in crypto to "make it" - as it used to be.
It's about who can extract the fastest and hardest.
That's why there's this weird time sink, where most people feel like either their losses are going towards morons undeserving of their wins OR they've been here "too long" to not be above certain retards [i.e.: mentally inept Fortnite scrubs].
It's over for Crypto Twitter.
~ Dr. Axius.
i've been trying to figure out why the 2026 drawdown feels so much more personal than 2018/2022 even though it’s not nearly as bad price wise. my take:
a lot of people on here have decided there's now a clock running. ai is coming, the door to escaping the middle class is closing, and if you haven't made it in the next couple years you're on ubi as a pleb forever.
i don't know if that's true. but it doesn't matter if it's true. people here believe it, so they're putting a deadline on themselves and when the market doesn't cooperate on that timeline it feels like they’re missing the last train out of a burning town rather than “just a bad few months but we can recover”
this also explains retails pivot to memes as a “fast track” to making it.
add instagram to the mix. 22 year olds in mansions and lambos all over your feed, most of them you suspect got there by rugging people like you.
envy is one of the strongest emotions there is, and envy plus a ticking clock is my guess to why we are seeing crash outs instead of just "this cycle sucks but we’re all in this together bros”
it truly is diff now
The number of retards on this app is incredible
Yes, your job as a trader is to own a much supply as possible of something you believe will run, 100% agree.
But if the only narrative is "a trusted figure is holding most of the supply and won't sell" in the words of the "trusted figure" themselves, the context completely changes. You're no longer a "trader", you put your rep on the line by giving your word.
Buy 99% of the curve if you want, don't say you're not gonna sell, and nuke tf out of it. That's your choice, on an open market, absolutely no problem with that. But the second you publicly state you'll be supporting long-term/not selling, and go against your word, you're a scummy, broke, rat.
Slingoor held 70% of the $BTC supply and sold it all, rugging the whole community…
But was selling it all really WRONG?
Cented’s take on holding supply:
“If the coin is good enough, your job as a trader is to have as much supply as possible.”
“You want to have all the supply when people are forced to buy on you.”
So, was @slingoorio wrong for selling his entire position, or was he simply just doing his job as a trader?
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Sling rugged not even 24hours after this post 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
If you fall victim to the likes of him at this point it's on you
Man I was a big pf advocate and always gave them props for how they managed to find a product with pmf and print millions a day
As a business, they update regularly, albeit sometimes not with what the users want
However, the fact that they've made KOLs like sling and dior the face of their brand both makes me sad and confirms that they have absolutely no moral compass
Ruthlessness is needed as a founder in order to succeed in business, but compromising your morals isn't. The biggest extractors and dirtbags in the space are getting glorified and amplified.
Thankfully, I've been around longer than most and I'm knowledgable enough to traverse this market, but the newcomers you're trying to onboard, are getting led straight to the slaughterhouse.
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Man I was a big pf advocate and always gave them props for how they managed to find a product with pmf and print millions a day
As a business, they update regularly, albeit sometimes not with what the users want
However, the fact that they've made KOLs like sling and dior the face of their brand both makes me sad and confirms that they have absolutely no moral compass
Ruthlessness is needed as a founder in order to succeed in business, but compromising your morals isn't. The biggest extractors and dirtbags in the space are getting glorified and amplified.
Thankfully, I've been around longer than most and I'm knowledgable enough to traverse this market, but the newcomers you're trying to onboard, are getting led straight to the slaughterhouse.
The pump bag must be fucking hefty for Ansem to have done a complete 180 like this on the timeline 🤣
Everyone's got a price
pump has added ~11 chains past two weeks, & now giving out cash to people adding theses to higher market cap coins & trading perps + crosschain tokens
lot of the pushback on the rewards was towards ppl spamming callouts on low mc tokens and taking advantage of volume spikes, this is completely orthogonal to that activity
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Meanwhile most web3 jobs have a *required* linkedin profile box
The hard truth is that @LinkedIn is where hackers start their day. @LinkedIn provides a complete org chart of all your employees. While we've known this for years as an industry, we've done shockingly little about it. Meanwhile, hackers have completely automated the process and know your new employees within days of their start.
This is why @BitGo banned employee profiles on @LinkedIn last year. It's also why @BitGo never hires someone we haven't physically met (North Koreans don't leave DPRK!)
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Someone took my old channel username and posted a malicious @collabland link, and @telegram support still haven't taken it down after numerous reports
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Very true, and my thoughts on PF are starting to become very mixed, having been a big supporter of them since the start
But one thing the industry keeps forgetting is this:
Alon and the other cofounders were trenchers at one point, one even recently accused of being a serial rugger. Their goal was to make generational wealth, make it out the "hood" essentially.
They made a product, found PMF, and essentially made the genny wealth that way. But that's where personality traits split. Jeff, from HL. Could have easily turned on an extraction machine himself, but instead continued building - a truly "builder's personality".
And in the case of pf and it's founders, it takes a certain kind of person to "stumble" (using that word very loosely) into genny wealth, and continue building like it's the business you're passionate for.
Hard to put it into words.
Basically it's like: why listen/build when you can just print? Especially if your goal from the jump was to just print anyway, not like pf is a charity or done out of the goodness of the founders' hearts.
I have such mixed feelings and I know different people would act different ways in their shoes.
> be Alon
> ignore the 95% of traders who want community coins to be supported
> pay $6m to a notorious on-chain rugger for "onboarding retail" instead
> claim he is most famous trader (<1M followers on all platforms combined)
> spend $1m+ to crime a coin to $50m, letting insiders feast, nuking community coins
> get completely fleeced by notorious on-chain rugger, who unsurprisingly deploys a scam coin (community coins nuke again)
> retweet scam coin, rugging everyone
> pull bundle from crime coin (-90%), rugging everyone again
> launch $2.5M trading competition that only benefits extractors and KOLs on pumpfun payroll to keep them quiet
> pretend you didn't just get fleeced for 8 figures in 24 hours
> continue ignoring the 95% of traders who want community coins to be supported
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"used that spike to distribute into retail" is a diabolical way of saying "nuked their bags"
Everyone sees $BTC (Big Titty Coin, C5xph2…pump) ripping +252% to a $14.2M peak this morning.
Almost nobody looked at the actual pool mechanics driving the squeeze:
1. Custom Quote-Token LP Sink
Instead of pairing with SOL, dozens of parody tokens (LTC at $4.8M mcap, ETH at $1.8M, BNB, SUI) launched PumpSwap pools paired directly against C5xph2…pump as their quote asset.
Those child LP pools alone now lock 10.8% of total BTC supply ($1.11M liquidity in LTC/BTC, $635K in ETH/BTC, $283K in BNB/BTC). Every buy on a child token forces router buy-pressure into the base token.
2. Extreme Float Compression
Wallet 5YRgrP…Uzij (@slingoorio) holds 570.8M tokens - 57.59% of the entire supply in a single wallet.
Between that 57.59% bag and 10.80% locked in DEX pools, over 68% of supply is off the market.
3. Why $40K Moved the Chart by $3.5M (and Who Sold Into It)
With only ~31.6% effective float and $705K combined liquidity across the main SOL and WBTC pools, wallet 8deJ9x…XhU6 firing four $9.9K buy clips in 12 seconds was enough to send mcap from $10.5M to $14.27M.
Seconds later, top-6 holder 4MCHAZ…Gjfc ($25K across two clips) and wallet AhD7f9…DmEn ($33.8K single clip) used that spike to distribute into retail.
Clever custom-pair flywheel, or the most crowded exit door in the trenches if the 57.6% wallet ever flinches?
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Phoenix retweeted
There’s a weird lack of shame about rugpulling now
I don’t know how it became part of our culture, but when I started, ruggers had to delete their account and show up again with a fresh tg
Kids this cycle will literally be fully doxxed just rugging like it’s nothing. And people kind of accept it
Phoenix retweeted
Axiom's $55.7M "Validator Bribe" Rip-Off on @solana.
@AxiomExchange is deliberately extracting millions from its traders through misleading transaction fees.
I stumbled upon this piece of data while exploring our database, here's our analysis 👇
