"I take the stairs in the morning, the elevator is for Democrats."
Crypto - January 2020 onward
Joined August 2021
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How many of those, who judge Jensen, have ever been flat out targeted by an attention-giving, beautiful woman and did not have that experience before in their life?
It happens too often to be just a show of weak character.
20
$ZEC $991, −24% on the week
yesterday: grayscale's WSJ front page
today: a viral video mocking its people, the timeline piling on
"it's just a memecoin" (via @0xTraderSam)
also: $PEPE −15%, no news
what's on your fringe radar?
5/5
1
103
crypto notes · nov 10 🧵 1/6
majors bled quietly. the action moved to the edges:
• a 2-week-old cat coin traded $38M
• hyperliquid's new L2 had its first launchpad war
• zcash bought the WSJ front page and fell 15% anyway
I hope you win 🫡
2
1
164
@Enter_Elysium went live nov 9: a fast L2 for hyperliquid, fees paid in $HYPE
launchpads did $28.7M on day one (via @lbexplorer)
yet $KNTQ, which gets half the sequencer revenue as buybacks, fell 24% today
same playbook as the robinhood chain in september
5/6
2
2
126
Hanseatic retweeted
1/ An investigation into @Cupseyy, a trading "legend" who used his fame to extract $1.7M through side wallets in just a few months
Hanseatic retweeted
One of crypto's largest KOLs has been secretly extracting millions from his audience
We’ll expose him soon
Unfortunately, he’s just a symptom of a much bigger problem
Social trading has brought out the worst in KOLs. It was designed to keep them honest by making every trade public. In reality, the opposite happened
In just a few weeks, we exposed a number of "top social traders" using the same tricks:
• Public wallets to attract copy traders
• Side wallets to dump
• Callouts to farm rewards
• Bundled tokens to hide supply
And there are plenty more doing the exact same thing
Why? Because our industry incentivizes it
1) Launchpads allow it
Most launchpads today are obsessed with one thing: volume. Millions in callout rewards, affiliate links, and top leaderboards. Almost nothing on detecting bundles, side wallets, or shady traders. Scams drive volume. Launchpads have no reason to stop it (other than actually caring about their users)
2) Social trading incentivizes it
Side wallets have become a business model. Before social trading, only big KOLs could do it. Now, anyone who lands on a leaderboard can monetize by dumping on their copy-traders. The temptation is real
3) CT normalizes bundle culture
“Everyone bundles. It's how it's done" - an excuse we hear every time we expose a KOL. Supply control isn't the problem. Hiding it is. If it's so bullish, why hide it? Spoiler: because you're planning to sell
***
Launchpads are paying millions to dishonest KOLs. It's time they start taking it seriously
Audit the top traders. Expose their side wallets. Ban repeat offenders
We have the tools. What's missing is the willingness to use them
No one's coming to save us
