OG @cryptopunks 7914 | BAYC | ⟠ Co-Founder, Managing Partner @Prism17Capital
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Joined February 2021
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A $LIBRA Story: Precision Harvesting of Smart Money
For context, $LIBRA is a token recently promoted by Argentine President Javier Milei. It experienced a dramatic rise and fall within 24 hours, surging to a $4.5 billion market cap within two hours of Milei's tweet. According to @bubblemaps ,82% of $LIBRA is held within a single cluster, with insiders withdrawing $87 million in liquidity.
In this game of wits, $LIBRA expertly reaped the smart money. Here are the seven key points:
1. Moonshot’s Role : Moonshot played a major role in $LIBRA’s collapse. In the previous Trump token post-mortem, Moonshot’s immediate launch was what encouraged many traders to go all in.
2. Timing Is Everything : Unless you spotted it within 5–6 minutes and jumped in within 10, there was zero chance to double your money. The operators clearly understand how heavy-bag holders think—and they specifically targeted them. Interesting.
3. The Name Game : Naming it Libra instead of Milei was a genius move. Normies don’t fully grasp Milei’s libertarian ideology, but smart money investors assumed they had spotted an exclusive insight. This overconfidence led them to load up on the token.
4. Soft Rug via Liquidity Tweaks : Instead of a blatant dev dump, they executed a soft rug pull by adjusting the liquidity pool. The community is usually hyper-aware of direct sell-offs but slower to react to liquidity manipulation. This gave the devs an extra 30 minutes to execute their exit strategy.
5. Choosing Milei as the Figurehead : Milei was the perfect pick. After Trump, he’s the most hyped political figure in the right-wing space—arguably even more extreme and outspoken.
6. The Big Pool : From the start, they set up a massive $200M USDC liquidity pool, which made the project seem both legitimate and well-backed.
7. Valuation Traps : Smart money investors applied a pre-Trump token valuation model, expecting a run-up to $7. But once the price hit $4.5, momentum stalled, trapping those who planned to exit at $5–6.
Summary
It’s clear the devs meticulously studied past Trump token post-mortems and crafted a well-executed trap. Gotta respect that level of planning.
Ideas credited to @bitfool1 from the chinese community
BoredMoney 🍌 | Taking a break from X retweeted
Over the past few years, I’ve woken up to random @CoinDesk articles shitting on our industry, and specifically NFTs.
That alone wouldn't bother me. Criticism is healthy. The press should hold this space accountable.
But while Coindesk takes $ 300k+ to write glowing “research” around companies in crypto, they also write ragebait headlines that shit on the same industry.
Pretty annoying to see.
It’s bad journalism to ask for $ 300k+ for an article, and if we don’t pay, you write negatively about us.
There are so many other news outlets actually trying to make it by covering bright stories in our industry.
There are so many other twitter spaces and communities that show up daily to move the space forward.
But what Coindesk is doing can’t be a sustainable model.
So a few weeks ago I opened up a short position on Coindesk’s parent company, Bullish.
This isn’t about money, it’s about principle.
The principle: you can’t hurt our community for your corporate gain.
Why can a business shit on an industry it participates in and still aim to profit within it?
Well, it can’t.
That was my bet anyway.
I’ve now closed the short up $5,387.46.
To be clear: the position is closed. Nothing I write here profits me from a trading standpoint. The trade is over. What's left is the principle.
I will use the money to take Bored Apes out to dinners, or Laker Games, or whatever the fuck I want - and every time I do, I will post an entire article about how I got the money (shorting Coindesk) and why I think Coindesk’s current approach is bad for our industry.
Congrats Coindesk, you’re now at war with a fucking psycho.
I will relentlessly bearpost this behavior until a representative reaches out to me and assures me that they’re going to knock this shit off.
BoredMoney 🍌 | Taking a break from X retweeted
Bored Ape Yacht Club
bayc.com
BoredMoney 🍌 | Taking a break from X retweeted
GM. I’m somewhere between wanting to bring back @SBF_FTX and not.
$CRV halving in 9 days
Curve is one of the few DeFi Summer survivors that still rewarding users, still running, still valued over $2B.
Like Bitcoin, @CurveFinance cuts emissions over time, boosting long term holder value.
A true DeFi OG: not a pump and dump, but battle tested and still building. 👀
GM. I’m somewhere between wanting to bring back @SBF_FTX and not.
What if your second kidney is your buy-the-dip fund god gave you when you were born. Let that sink in.
I personally don’t think SOL’s supply will spike because of unlocks.
Just like most staked coins, smart money will lock in profits through the futures market before the unlock even happens.
They’ve foreseen it and when everyone’s talking about a bearish event, it’s already not bearish anymore.
BoredMoney 🍌 | Taking a break from X retweeted
A $LIBRA Story: Precision Harvesting of Smart Money
For context, $LIBRA is a token recently promoted by Argentine President Javier Milei. It experienced a dramatic rise and fall within 24 hours, surging to a $4.5 billion market cap within two hours of Milei's tweet. According to @bubblemaps ,82% of $LIBRA is held within a single cluster, with insiders withdrawing $87 million in liquidity.
In this game of wits, $LIBRA expertly reaped the smart money. Here are the seven key points:
1. Moonshot’s Role : Moonshot played a major role in $LIBRA’s collapse. In the previous Trump token post-mortem, Moonshot’s immediate launch was what encouraged many traders to go all in.
2. Timing Is Everything : Unless you spotted it within 5–6 minutes and jumped in within 10, there was zero chance to double your money. The operators clearly understand how heavy-bag holders think—and they specifically targeted them. Interesting.
3. The Name Game : Naming it Libra instead of Milei was a genius move. Normies don’t fully grasp Milei’s libertarian ideology, but smart money investors assumed they had spotted an exclusive insight. This overconfidence led them to load up on the token.
4. Soft Rug via Liquidity Tweaks : Instead of a blatant dev dump, they executed a soft rug pull by adjusting the liquidity pool. The community is usually hyper-aware of direct sell-offs but slower to react to liquidity manipulation. This gave the devs an extra 30 minutes to execute their exit strategy.
5. Choosing Milei as the Figurehead : Milei was the perfect pick. After Trump, he’s the most hyped political figure in the right-wing space—arguably even more extreme and outspoken.
6. The Big Pool : From the start, they set up a massive $200M USDC liquidity pool, which made the project seem both legitimate and well-backed.
7. Valuation Traps : Smart money investors applied a pre-Trump token valuation model, expecting a run-up to $7. But once the price hit $4.5, momentum stalled, trapping those who planned to exit at $5–6.
Summary
It’s clear the devs meticulously studied past Trump token post-mortems and crafted a well-executed trap. Gotta respect that level of planning.
Ideas credited to @bitfool1 from the chinese community
BREAKING: xAI Unveils
GROK 3 - The Smartest AI on Earth!
Here are the highlights from the GROK 3 launch event:
- Elon Musk hailed GROK 3 as the smartest AI on Earth.
- GROK 3 outperforms DeepSeek V3, GPT-4o, and Claude 3.5 across multiple benchmarks.
- GROK 3 will possess reasoning capabilities similar to DeepSeek R1 and OpenAI o3 Mini.
- xAI launched the AI search engine, Deep Search.
- Grok 3 features advanced reasoning, text-to-video capabilities, and integrated ethical safeguards, making it stand out in the AI market.
- An API was released for developers, making it easy to integrate Grok 3 into various third-party applications.
- Grok 3 was trained on synthetic datasets, improving its learning efficiency and performance over time.
- X platform Premium+ members will be the first to experience Grok 3.
- The GROK voice assistant is being refined and will be released in the coming weeks.
- Premium Plus users on X will be among the first to access it. Additionally, xAI introduced Super Grok, a separate subscription service for fans wanting the most advanced features and earliest access to new capabilities.
#Grok3 #AI #Innovation #xAI #SuperGrok
BoredMoney 🍌 | Taking a break from X retweeted
If EF and Ethereum Were Under My Leadership
“#ETH to $10,000”
My First Week Plan
1. Halt ETH Sales immediately and Optimize Revenue
EF will immediately cease selling ETH for at least three years. Operational costs will be covered through AAVE lending, staking yields, and stablecoin borrowing. This ensures ETH supply remains intact, aligning with our deflationary goals and reinforcing market confidence.
2. Heavily Tax Layer 2 Solutions immediately
Significant taxes will be imposed on all Layer 2 projects, ensuring Ethereum generates at least $5 billion annually in taxes (whether in stablecoin or tokens). All collected taxes will be used to repurchase ETH and burn it in a fully decentralized manner, period.
3. Streamline EF Operations
EF staff will undergo a drastic downsizing, retaining only the most capable team members. Remaining employees will receive significant salary increases, transitioning EF into a purely merit-based system that rewards performance and results.
4. Adjust Rewards and Increase Fee Burns
Node rewards will be reduced, and more emphasis will be placed on fee-burning mechanisms. This ensures Ethereum remains DEFLATIONARY, solidifying its position as a store of value.
Focus Exclusively on Layer 1 and ETH reaches $10,000
All resources will be redirected toward Ethereum’s core Layer 1 development, prioritizing scalability, security, and adoption and ETH reaches $10,000.
With these decisive actions, ETH is poised to break $4,500 within the first week, setting the foundation for long-term success.
What a time to be alive 🍌💀
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Everything You Need to Know About Trump's SEC Chair Nominee: Paul Atkins
🔹 Trump's Pick: President-elect Donald Trump has reportedly nominated Paul Atkins as the next SEC Chair, signaling a pro-crypto shift in U.S. policy.
🔹Market Reaction:
Bitcoin bounced back to $97,000.
RSR (Reserve Rights Token) surged over 100% in 24 hours, reflecting Atkins' past advisory role.
🔹Who is Paul Atkins?
Background: Born in North Carolina, Atkins has a rich legal history, starting at Davis Polk & Wardwell, and served at the SEC from 1990.
Experience:
SEC Commissioner under George W. Bush, focusing on corporate governance and investor protection.
Founder of Potomak Global Partners, advising fintech and blockchain startups.
🔹Uncertainty Over Acceptance:
Atkins is reportedly hesitant to leave his current role for the daunting task of reforming the SEC, which has been criticized under Gary Gensler's leadership for its crypto enforcement approach.
🔹Trump's Crypto Vision:
Trump aims to create a more crypto-friendly environment, including potentially establishing a National Bitcoin Reserve.
🔹Policy Implications:
If confirmed, Atkins could shift the SEC from enforcement to fostering innovation, aiming to boost U.S. competitiveness in the crypto space.
🔹Next Steps:
The nomination awaits Senate confirmation, but Trump might use a recess appointment.
Regardless, this move signals a significant policy pivot, setting the stage for U.S. crypto regulation's future.
Stay tuned for more updates on this pivotal nomination!
