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wingking | vvs.eth
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wingking | vvs.eth
@wingkingeth
Multi-Unit Franchisee @wingstop, @orangetheory | Real Estate Developer | VC & Professional Degen
New York, USA انضم Ekim 2010
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wingking | vvs.eth أُعيد تغريده
wingking | vvs.eth أُعيد تغريده
wingking | vvs.eth أُعيد تغريده
wingking | vvs.eth أُعيد تغريده
wingking | vvs.eth أُعيد تغريده
wingking | vvs.eth أُعيد تغريده

Bringing back Up Only was just the warm up.
We’ve acquired @echodotxyz, the leading onchain capital raising platform.
→ Joining builders with community capital
→ Giving investors access to new opportunities
→ Growing economic freedom worldwide
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wingking | vvs.eth أُعيد تغريده

Coinbase has acquired @echodotxyz.
Onchain capital formation is a vital and unique part of the crypto ecosystem. Excited to be adding Echo and Sonar to Coinbase to give our customers new token access opportunities.
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wingking | vvs.eth أُعيد تغريده
wingking | vvs.eth أُعيد تغريده

When ppl claim this I always wonder how they think it happens, or have unrealistic expectations on how much $1bn actually is.
I joined crypto with $200. If I held my initial bitcoin since then and never traded, I would have ~$300k.
If, instead, from that moment I sold the top and bought the bottom of every crypto cycle on Bitcoin, and never paid any taxes, I would have ~$6m USD.
If I put my entire net worth into the Ethereum ICO and never touched it, today I would have ~$150m pre-tax.
While it was definitely possible to have made >$1bn with the opportunities in the market, these versions of reality would also require me to make no mistakes, and have no need to spend $ in real life, or take excessive risk via leverage.
In reality, I grew up in a working class family. I didn’t have a trust fund and I had to pay off my student loan myself. I had a job at Tescos while at high school. After university, I needed to pay rent and fund cost of living and eventually buy a place to live.
I worked at startups for relatively little $ salary, and while a couple have done okay, they still are illiquid and worth nothing until some exit.
Perhaps if I erase a couple of dumb mistakes and drawdowns, or if I had a lil more grind, then my answer would be different today. But it is easy to say this with perfect hindsight vision. It’s easy to see where you could have optimised better, and decisions you made look dumb when the past makes things so obvious.
The truth is I have always optimised for enjoying my life and not going to 0. I never felt like I had a safety net, so it was never possible for me to do anything in any other way. I would probably have less money if I had tried to add more risk or chased $ harder, because being all-in with your entire livelihood is a mental battle and I feel I only win that battle when the stakes are lower.
In writing this, maybe I do understand why CT folks believe this, because modern CT sees crypto as a late-stage lottery ticket farm, where the optimal strategy is to 5x leverage up your portfolio in a hope of catching a good 20% move and then leaving. Or, literally going all-in on the next coin they heard Ansem is buying. So perhaps to them, looking back at the charts, of course that’s what successful folks did.
In reality, I use leverage close to never (and typically to reduce risk rather than add risk — have used it to add risk maybe 3 times in the last 5 years, and maybe 15 times ever). I never go all-in on anything, have only ever done that on BTC and ETH before in the last decade. When I buy other things, I limit risk to tiny amounts, because I treat it as a 0 until proven otherwise (so, always <1% liquid portfolio). Liquid portfolio is also a smaller % of overall portfolio to future-proof against my own fuckups.
Obviously I made a lot of money, I have been here 12 years! CT doesn’t want to hear about “getting rich in a decade” though. I am happy with where I am and have never really cared or optimised for maximising $ earnings, but instead having a nice life that lets me enjoy the game we play together.
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wingking | vvs.eth أُعيد تغريده

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wingking | vvs.eth أُعيد تغريده
wingking | vvs.eth أُعيد تغريده

'the LORD gave, and the LORD hath taken away; blessed be the name of the LORD' — Job 1:21
yesterday's liquidation event is the most brutal i've witnessed in my time in crypto
i got wiped out on ALL my perps positions
literally everything
eight figures: $30 million+ at peak uPnL if realized, or well above $15 million just before the liquidation started
100% of the following perps position got wiped:
- $BONK
- $FARTCOIN
- $POPCAT
- $PNUT
- $CAT
- $APEX
- etc
i lost maybe 80% of my $ASTER position that i used as a collateral on a DeFi lending protocol
i took out the remaining (~$1 million), fully liquidated it and rotated it into $BONK and $4 because i think i get better R/R from both from here on out:
- BONK because i refuse to be a 'bonk guy' without BONK exposure, and i remain convinced in my deca-billion-dollar target for it. i will continue to add more over time, God willing
- $4 because i remain strongly convinced that BNB season continues until the end of this quarter and i think $4 is the most asymmetrical bet to capitalize on that
thankfully the overwhelming majority of my $USELESS coin position is held in spot, so i didn't record significant loss on that — maybe with the exception of mid six figures worth of uPnL i had in perps accounts
i am still resolutely convinced that $USELESS is THE memecoin to watch for outperformance from here on out, that it is a multi-billion-dollar narrative currently trading for pennies on the dollar, and that it will end the cycle being a top 5 memecoin at the barest minimum i.e. certainly has a lot more than 10x upside from here. so i’m glad contagion there was contained for me!
what happened yesterday?
everyone blames the recent Trump-China tariffs, but this isn't the first time we've had that this year
and the Trump tariff comments certainly shouldn't have been responsible for such a massive nukage across almost the entirety of altcoins and memecoins in the space
a lot of altcoins crashed 70 to 99% in minutes, when $BTC and $ETH barely crashed 13%
$ATOM, for example, crashed from $4 to $0.001 on top exchanges like Binance — a 99.9% crash in minutes. no one could have humanly responded to that!
it is also worth noting that this massive altcoin/memecoin crash was EXCLUSIVELY on CEXs. these altcoins did not come close to hitting these levels on spot DEXs, so yesterday's liquidation was almost certainly due to MM/CEX liquidity issues
why it was unprecedented (market mechanics)
many people reported being massively affected, especially since exchange systems broke across the board: stop losses failed, orders didn’t fill, margin couldn’t be added, and platforms became unusable within minutes. the entire liquidation cascade happened so fast that almost no one had time to react, something i don’t think we’ve ever seen at this scale before
i was in front of my screen, took a short break, came back to the screen to see the nasty wick about 10 minutes later, then realized i've been liquidated on EVERYTHING i had in perps
it is the craziest crypto event i have witnessed, ever!
it was worse than COVID, which was a black swan event
you could say whatever you want about this event: you can call it manipulation, unnatural, or whatever else
you would be right tbh
however, whether or not manipulation played a role doesn’t change what i have to do next: as a trader, i am only ultimately concerned about things i can actually control
of course it's easier to point out how it all wasn't my fault and how someone else was responsible, but how does that help me grow as a trader? i win if i make money trading, i lose if i lose money trading. end of!
i'm sure we will be hearing more about exactly what happened yesterday night, which will hopefully help give some people closure
i wish i didn't have to write about this:
this will likely be one of the most viral tweets coming out of this event
many have waited for this moment: 'he is so greedy!'
and there will be an army of people mocking me with 'I TOLD YOU SOs'
but write i must, for a few reasons:
1. a key part of the 'bonk guy' persona and identity i have built is one of utmost transparency around my trades, so others can learn
2. while i lost a fortune in the liquidity wipe event, i have a very diversified basket of alts across perps and spot. i'll be fine; my spot assets are safe. but i think there are people who lost literally everything they have right now that might be having very bad and nasty thoughts, and them seeing a voice like mine at this time just might give them hope
i want to be very clear:
1. i do not need your empathy. i appreciate that some would have the thought, but i do not need people messaging me to empathize with me over this
2. i do not need donations or financial support. it was a massive loss, but i'm okay
i also want to emphasize that i'm in a very good mental state right now, as difficult as that might be for many to believe
i've always been very detached from money and material things, and that makes it easy to cope with situations like this
at the end of the day, my $BONK trade was a trade in which i went from $16k to a peak 8-figure PNL
contrary to what seems to be the most common belief here, it isn't my most impressive trade. if i made it before, i can make it once again!
could i have foreseen exchange systems crashing and nuking the most liquid altcoins and memecoins in the market 70 - 90% in mere minutes before anyone could react? no!
could i have maybe done a few things differently leading up to this event? maybe
however, i am a big believer in focusing on what *could* happen and taking action to get there instead of focusing on what *has* happened
the past is the past, and what has happened has happened
there are a lot of changes i’ll be making to my systems as a result of this: less dependence on leverage, sharper risk management, and a stronger focus on protecting my positions from exchange-side risks going forward
all that matters is what happens from here on out...
i remain very optimistic about the market
i do not believe the bull run is over, nor do i think the Q4 rally is out of the picture
so what do i do from here?
lock in more than ever before, be buried deeper in the trenches, and most importantly have fun while i do it!
if there is one thing i have learned after being in this industry for multiple cycles, it is that there is always new opportunities: every day, every week, every month
i have always been one to love a challenge, and i guess this is another one for me and an opportunity to once again prove myself — not to internet strangers, but to myself
this event has not dampened my spirit, not in the slightest. if anything, it has strengthened my resolve to get back in the ring, fight, and win bigger
i will make it all back, and more!
for those who are in a similar situation, who either lost a fortune or lost it all, i have some words for you:
PERSIST
SURVIVE
DON'T GIVE UP
if you need to take a break, please do
if you're struggling to hold it in, please seek help
above all, pay special attention to yourself and focus on your health
i know it will take a while for the gravity of what happened to hit many, but a philosophy that has always helped me to survive massive drawdowns is internalizing all of these crypto gains as just numbers on the screen — until it is realized at least!
i know they can have very real consequences in the real world if/when cashed out, but right now i think internalizing it as just numbers on the screen would make dealing with the loss more bearable
you made it before, so yes YOU can make it again
the most profitable period of the cycle is still well ahead of us
we are all going to make it
and you are going to have me along on this journey with you, if that matters to you!
if there’s one thing this taught me, it’s that no matter how prepared you think you are, you’re never fully protected from systemic shocks — but you can always control your response. i’ll be rebuilding my framework with that truth in mind!
i am once again an underdog, and this is not the end of my story
GOD WILLING

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wingking | vvs.eth أُعيد تغريده

A Post-Crash Pilot Debrief from The White Whale
$62M - gone in a flash. But as was repeatedly pounded into my head in pilot training: any landing you can walk away from is a good landing.
As I’ve been processing yesterday’s events, I want to share a few thoughts from a place of honesty, vulnerability, and accountability - as I always have.
Let’s start with why I faced such a large liquidation, and then I’ll share some observations from the last 18 hours.
First and foremost: I got too fixated on the goal.
At one point this year, my unrealized PnL sat at 98 out of 100 million. Counting profits from other platforms, I had actually surpassed that goal - but because some of those platforms lacked HyperLiquid’s transparency, it became a mental game of “proof, or it didn’t happen.”
Heading into late September, my thesis was that because everyone expected a dip, it wouldn’t happen - and I wanted to be positioned in case I was right. I wasn’t. But I remained calm; I’ve survived every “black swan” this year and turned each into profit before.
That 100M milestone meant more than numbers to me. Years ago, I built a real-world company with that same amount as my exit target goal. But I walked away - choosing peace over profit. Running it had made me miserable; I was a prisoner to my own creation. So being able to finish that prior goal, this time on my own terms, became a form of redemption. A personal validation that I’d found a better way.
I’ve always been stubbornly resilient. Knocked down, yes - but never out.
That same determination that helped me survive life’s earlier chapters also made me impatient to start the next one. I wanted to move beyond daily trading and begin shaping the future of this space - helping build what comes next, not just benefiting from it.
Crypto is wild, beautiful, and broken in equal measure. My background has always been consumer-first: if you do right by people, your reward eventually comes. That principle belongs here, too - and I intend to bring it here.
But I rushed. I let excitement override discipline. And that’s on me.
While the timeline was full of “crime season” posts (ironically including my own), I’ve always believed this: you can’t claim the victories if you won’t own the failures.
Yesterday, when someone asked how I was handling it, I admitted I cried in my wife’s arms. Some mocked it with “no crying in the casino.” But I shared that moment intentionally - because sometimes, it’s okay to not be okay.
Vulnerability, especially among men, needs more voices.
And for the record - I’m still up for the year. I’ll recover, rebuild, and rise again.
A few quick observations from the wreckage:
L2 failures, once again.
During peak activity, Arbitrum and Base failed me - transactions hung while I tried to move stables. Solana, meanwhile, stayed rock solid. It wouldn’t have saved the position (nothing could outrun that $3200 ETH / $138 SOL wick), but once again Solana proved it performs when it matters most and earns more of my loyalty by the day.
Leverage isn’t the villain.
Some rushed to say, “See, that’s why leverage kills you.” I reject that. Leverage is just a tool - like a knife, a car, or money itself. Tools aren’t evil. The hand that wields them determines the outcome.
The humanity in the aftermath.
Amid the trolls celebrating others’ losses - a dark side of this space I’ll never understand - I also witnessed incredible compassion. People offering comfort, solidarity…even five individuals offering to send me money to help rebuild. I refused, of course - but the gesture hit me hard. It reminded me that for all the toxicity, there’s still goodness here.
Most days I’m the one offering support, not receiving it. Yesterday reversed that dynamic - and it meant more than I can express.
This wasn’t my proudest moment. But every chapter - even the painful ones - has purpose. If this experience reminds even one person to stay humble, to manage risk, to remain human through the chaos, then it wasn’t wasted.
Losses teach what profits never can: where strength truly lives. And mine was never in the number - it’s in the will to rebuild.
🫡 From the depths —
The White Whale 🐋

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wingking | vvs.eth أُعيد تغريده
wingking | vvs.eth أُعيد تغريده

Let me recap the first 10 days of launch:
- #5 largest chain in the world by stablecoin supply with ~$7 billion
- #3 largest chain for USD₮ only behind Ethereum, Tron and BSC
- #5 largest chain by DeFi TVL with ~$8.7 billion (including borrows)
- Second largest Aave instance with ~$6 billion market size
- The most blue chip DeFi day 1 integrations in history with Aave, Ethena, Fluid, Euler, Curve, Uniswap, Balancer amongst others
- Every major exchange integrating native USD₮ deposits and withdrawals day 1 including Binance
- Largest DeFi CEX integration in history with Binance and Aave on Plasma
- More than $50 billion of USD₮ transfer volume only behind Ethereum and Tron in the same time frame
- 34.5m total transactions surpassing 100 TPS on a regular basis, more than nearly any other chain in production
- More than 1.3m unique addresses
- Not a single point of failure or downtime, in infrastructure or block production
- One of the largest and most successful public sales in history
- Nearly 100k fully organic waitlist signups for our flagship neobank Plasma One
Only 10 days in. We're quite literally only getting started.
Trillions.
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wingking | vvs.eth أُعيد تغريده
wingking | vvs.eth أُعيد تغريده
wingking | vvs.eth أُعيد تغريده

We’ve seen a number of rumors circulating since the launch of XPL and want to set the record straight.
1/ No team members have sold any XPL. All investor and team XPL is locked for 3 years with a 1 year cliff.
2/ Of our team of ~50, three spent time at Blur or Blast. Our team members also come from Google, Facebook, Square, Temasek, Goldman Sachs, and Nuvei. To say our team is "ex-Blast" is to say it is "ex" any of these firms. We are proud of the team we've assembled at Plasma.
3/ We have not engaged Wintermute as a market maker and have never contracted with Wintermute for any of their services. We have the same information as the public on Wintermute's ownership of XPL.
We are laser-focused on building the future of money and won’t be commenting further. We remain incredibly grateful for our community's support. Now back to work.
Trillions.
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wingking | vvs.eth أُعيد تغريده
wingking | vvs.eth أُعيد تغريده

.@cobie is like a professional golfer in his prime playing against a bunch of retired old guys 😂😂

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