Day 4 of providing liquidity
MY first time in months in the solana eco.
I have a feeling that solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump will push this week to a new price discovery.
So far I got 1237$ in liquidity rewards with just 6000 starting capital
I’ve been reading on X for a year how close the $POLY airdrop is. And yet nothing concrete is actually moving in that direction. Wouldn’t it be time to start using @polymarket for fun rather than building the entire usage theory around an airdrop that will probably never happen?
Math retweeted
Paradigm, Sequoia, and Lightspeed backed a $1.6B NFT marketplace.
It's now a crypto casino.
Magic Eden raised $130M in June 2022 to go multi chain. Bitcoin marketplace. EVM marketplace. Multi chain wallet. They built it all.
December 2024: they launch the solana:MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u token. Six promises attached.
1. Governance through ME DAO
2. Revenue sharing from platform fees
3. Multi chain utility
4. Staking rewards
5. NFT buyback program
6. Trading incentives
Token hits its peak. People buy in.
January 2026: CEO Jack Lu discloses annual revenue. $24 million. For a company valued at $1.6 billion. Before Magic Eden, Lu worked at FTX.
He announces 15% of revenue goes to solana:MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u stakers.
I did the math.
15% of $24M = $3.6M per year. Split across 600 million tokens. That's $0.006 per token per year. If you held $1,000 worth of solana:MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u, your annual revenue share was about six dollars.
February 2026: Lu says "80% of our costs are tied to products generating only 20% of our revenue."
Then shuts it all down.
- Bitcoin marketplace: closed March 9.
- EVM marketplace: closed March 9.
- Multi chain wallet: removed from app stores April 1.
- NFT buyback: discontinued.
- DAO governance: the lawsuit calls it "equally hollow."
Six promises. Six broken.
The pivot: Dicey. A crypto casino and sportsbook. $75 million committed. The company that raised $130M to build an NFT marketplace is now running a gambling platform.
solana:MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u token: down 99%. Market cap: ~$30 million.
Class action filed June 16. Burwick Law. Not securities fraud. Consumer protection law. Simpler argument: you marketed a product with promises you didn't keep.
The investors paid for an NFT marketplace.
The token holders paid for utility.
They both got a casino.
Math retweeted
Don’t be like Magic Eden:
> started out as a Solana NFT platform
> integrates ETH NFTs & Ordinals into the NFT marketplace
> prides itself as the multi-chain NFT marketplace
> does a $130M series B raise on that premise
> releases $ME token
> asks users to lock up $ME for staking
> closes NFT marketplace for all other NFTs outside Solana
> pivots to some degen solana casino as NFT volume dries down
> now facing a lawsuit from investors of $ME stating that they haven’t stayed true to the promise utility of $ME
The fall of Magic Eden has to be studied 💀
Math retweeted
NEW: A class action lawsuit has been filed against @MagicEden over its $ME token, alleging the marketplace misled investors with unfulfilled promises and delayed features.
Trade on the largest prediction market polymarket.com/?r=MATHQ
World cup in full swing !
Looks like perps are available on @Polymarket for Everyone
Did my first trade with an Sp500 short 📉📉
Me: “Will BTC go up between 6:30-6:35AM?”
Also me: “Will BTC go down between 6:30-6:35AM?”
Polymarket: ✅✅
The market doesn’t care about your opinion. Neither do I. Just win both sides at 99% 🤫
Funny watching all of CT suddenly wake up to @Polymarket this week. They hope to get a fat $POLY allo ! Same crowd will be chasing something else in a month. Real ones build before the noise, not during it.
The window of opportunity for a very (very) successful TGE of $POLY is closing quickly!
First confirmed in October 2025 (8 months ago) I think it’s Time now to release the Kaken 📈
We have done our part so far, now it’s up to the team to retain their most loyal users !
Kalshi notional volume came in at $4.13B, clearing nearly $2.2B more than Polymarket this past week.
Weekly Notional Volume:
1. @Kalshi - $4,133,679,758
2. @Polymarket - $1,937,861,741
3. @trylimitless - $600,444,500
4. @predictdotfun - $232,429,708
5. @opinionlabsxyz - $206,972,200
6. @cryptocom - $161,267,757
7. @HyperliquidX - $23,986,136
8. @SX_Bet - $15,898,572
9. @Forkast - $3,970,000
Limitless continues to look like one of the fastest-growing players in the space, clearing $600M in notional volume this week alone.
“Any one of them would make me happy and I could play the market market even harder 💪
If one of these checkers is true, all the better — otherwise we keep pushing forward!
$POLY is in the air
✈️ 📦 😀
Everyone keeps saying the @Polymarket airdrop is far away...
Meanwhile:
- claim page screenshots are floating around
team members are accidentally leaking UI
and the rumors trace back over a month already
- That’s usually how big launches start — tiny clues before the market fully wakes up.
- The $POLY before World Cup narrative is looking less like a theory and more like a timeline 👀
