Sad to see certain people make fun of those who had a large % of portfolio in zcash:native
This industry attacks builders, makes fun of traders/investors who share their thesis, doesn't want any token to pump unless they're in it, are happy when something they were not in crashes
Depressing
@Donaxbt Yes, rip to privacy narrative 😂 Funny how it only lasts until an influencer or 2 start publicly selling everything, then all of a sudden it's dead
$ZEC is so private that there’s no way to find out whether trillions of newly minted coins via exploit is been dumped on you or not.
Yeah rip privacy narrative and respect to satoshi who thought of everything before deploying Bitcoin’s network live
If you connect the dots hard enough — the exploit went through, and the optimized route for the exploiter to offload their newfound infinite supply was to pay for a coordinated pump of the coin, which we witnessed via the biggest names in this space, all at the same time.
@GordonGekko The funny thing is that the same month LUNA collapsed is when Russia/Ukraine war started around May 2022 and the bear flag was broken which coincides with the bear flag we have now. Which means that we're still a long way from bottom
JUST IN: Zcash crashes 48% after Claude AI finds critical vulnerability allowing unlimited minting of $ZEC.
It went unnoticed for 4 years until it was patched on June 1st.
@BullNakedCrypto My theory is that these influencers are getting paid a cut from what the cartel orchestrating these pumps are getting to spread the word, get people excited, etc.
isn't it funny
the coins up the most in the last few days/weeks
Are the ones down the most
$SUI , $FET , $ICP $XLM $WIF $ENA
Thats not coincidence, that how exit liquidity is created.
Your fav influncers telling you they were going to 3x are paid actors telling you get into these cause
"theyll pump by the summer"
No. You'll be the bag holder by the summer.
Thanks for playing. I tolded you
As $ZEC and $HYPE continue to fall,
the whale Loracle @loraclexyz seems to be in serious trouble: his $ZEC (10x) long is down $3.2M+ and his $HYPE (2x) long is down $1.567M.
He’s also holding $NEAR, $TON, $ASTER, and $XMR long positions, with an overall loss of $6.65M.
#perps" target="_blank" rel="nofollow noopener">hypurrscan.io/address/0x8def…
ZEC dumped 40% in the last 11 hours, erasing $3.5 billion in market cap.
The drop came after Zcash revealed a critical bug that could have let attackers create unlimited counterfeit $ZEC.
The bug has been fixed, but it’s still unclear whether any fake ZEC was created before the fix.
@CryptoHayes This guy is either part of the cartel and stupid enough to post here, or he's getting a cut from them for making posts and influencing people (retail) to buy certain narratives which the cartel uses as exit liquidity
The Holy Trinity is dead. Sadly due to the Orchard Pool exploit, I had to dump our entire $ZEC bag.
- While I think it's extremely unlikely of any minting, it cannot be formally cryptographically proved impossible
- The privacy from AI, govt, big tech narrative demands perfection not improbability
- I read about the exploit yday, and didn't appreciate how it violated my narrative mental map. The 30% dump, made me rethink, and I had to take profit on the entire position
- We will consistently re-evaluate our thinking and if my assumptions are proven incorrect, will rebuy, hopefully at lower prices.
- Privacy is priceless and I have no issue eating humble pie and rebuying much higher.
We still hold $WLD and are excited for Lord Elon to pump our bags.
@0xSweep Ah yes, the "exploit" which conveniently happens at the same time as AI & HYPE narratives start dying out. Nice little excuse to cover up the truth
Zcash $ZEC was allegedly exploited by Claude Opus 4.8 and is down 25% today
If they release Mythos, we might see a bloodbath across the entire crypto sector
I just dumped my entire $HYPE and $NEAR position, I will explain why in my essay "Reality Test" dropping next Tuesday.
TLDR:
- Higher energy prices due to Iran war and inventory restocking
- 3 Mega AI IPOs between now and early Q3
- Prediction that Trump goes anti-AI to win mid-terms for Republicans
- I think highs in mrkts will happen btw now and September
- Time to take profit, and two-step in beefa without worrying about my positions
BREAKING: Micron, $MU, extends gains to rise above $1,000/share for the first time in history, now worth nearly $1.2 trillion.
This stock was worth $60 billion just 13 months ago.