Eric Chen

Max dunking on the timeline usually good indication of a local bottom

"Hard to buy" aspect of $TAO thesis still very much in play...here's someone slamming market buys of 250-300 $wTAO directly into the uni pool at 4-5% slippage

The wall has been breached

Not generally into TA but sometimes the chart is pretty clear even to someone like me. This is what it looks like when intense buy pressure consumes a ~$1mm sell wall over the course of a few hours. Only about $50k left now...we can guess what happens after. $TAO

Farmer @TaikiMaeda2 slides on his hat and unsheathes his trusty rake. Once more unto the breach, dear friends...

There we go $RLB

$RLB running into strong resistance at $0.24 for about a week now...feels like market has amassed enough positive momentum for it to break through. Strongest on chain names will be picked up first as allocators look beyond majors / CEX tokens

$KUJI going absolutely vertical so thought I'd check the orderbook on Fin - almost $200k bid wall at the top of the book and basically air on the ask side through about $4+. Price discovery continues...

39/47 Most apt comps right now are basket of mid-tier CEXes, many of which happen to be based in Asia Comp table below shows that if OPNX can grow into an avg.-mid tier CEX, $OX has ~2x upside from current levels Bull market conditions could produce 5x+ upside

32/47 This case has apparently been considered by the team as OPNX has ability to essentially gate oUSD redemptions if liquid backing is insufficient - an out in an extreme scenario

29/47 oUSD can also be staked to earn yield from liquidation proceeds and interest on negative oUSD balances. Why does oUSD exist? From the litepaper (found here opnx-public-files.s3.ap-nort…):

16/47 The claims business is key to the origin story of OPNX - Provides a clear differentiator vs. other CEXes - Supports the narrative that having precipitated a major bankruptcy, the 3AC boys are working to help those affected by similar events - Addresses a $20bn TAM

It's 2023 and people still don't know how dexes work. If you're trading something like $KUJI with liquidity in multiple places, find the deepest pool so you don't get slipped like this guy. In this case Fin would have been better, or even moving off chain to MEXC.