PBSyah
144 posts
$2.75 billion in $HYPE insider tokens are about to unlock. Most traders have no idea.
I asked @DefiLlama AI to scan the top 100 tokens for incoming sell pressure in the next 6 months.
Two tokens came back CRITICAL:
→ $HYPE: $2.75B unlocking, 25.43% of circulating supply, going 96.8% to core contributors. Insiders. In heavy profit.
→ $MORPHO: $105M unlocking, 100% going to founders and VCs. Not a single token to the community.
The prompt is in the reply. Llama AI is free right now, not forever.
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The first human to discover these birds was probably not okay for a few days 😂
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@derteil00 Everyone talks about buybacks like it is magic money,Who is buying the buyback demand never sleeps or does it
If perps are the casino then who owns the casino
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1. Most people in crypto still don’t understand where real yield comes from.
They chase narratives.
They chase memes.
They chase “next 100x”.
Meanwhile, the smartest capital is accumulating perp DEX tokens with buybacks like Hyperliquid and Lighter.
2. Perp DEXs are fundamentally different from most protocols.
They are not “potential future revenue” stories.
They are cash-flow machines.
Every trade generates fees.
This is real, recurring revenue.
3. Now the key: what happens to that revenue?
Bad tokenomics → emissions, dilution, mercenary farming.
Good tokenomics → buybacks.
Protocols like HYPE and LIT take fees and buy their own token from the market.
That’s structurally bullish.
4. Let’s break it down mechanically:
User trades → pays fees → protocol earns revenue
→ protocol buys token from open market
→ tokens are burned
This creates continuous demand pressure independent of speculation.
That’s the difference.
5. Compare this to most altcoins:
• No real revenue
• Infinite emissions
• “Utility” = governance nobody uses
• Price driven purely by narrative
Versus perp DEX tokens:
• Real usage
• Real fees
• Real buy pressure (constant)
• Real value accrual
It’s not even the same asset class.
6. This creates a feedback loop:
More volume → more fees → more buybacks
→ higher price → more attention (higher displayed on CoinGecko e.g.)
→ more traders → more volume
A self-reinforcing flywheel.
Perp DEXs are one of the few models where this loop actually works.
7. Now layer in market structure:
Perps are the most traded product in crypto.
Spot is secondary.
Narratives come and go.
But traders always trade perps.
You’re effectively investing in the casino, not the players.
8. Let’s talk about HYPE specifically:
Hyperliquid dominates with:
• deep liquidity
• strong UX
• growing ecosystem (HyperEVM)
• aggressive buybacks
• trust!!!!
It’s becoming the benchmark for on-chain perps.
9. Now LIT:
Lighter is smaller and that’s the point.
Lower FDV + buybacks =
higher sensitivity to revenue growth
If volume scales, price doesn’t move linearly - it moves logarithmically.
10. Crypto is moving from:
“speculative tokens” → “productive assets”
Perp DEX tokens with buybacks are one of the clearest examples of this shift.
They behave closer to equities with earnings than memes.
11. This is still early.
Most people don’t model:
• fee generation
• token velocity
• supply sinks
• buyback efficiency
When they do, repricing happens fast.
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Future Fed chair is one of Lighter’s investors
Kevin Warsh’s 69-page OGE filing lists Lighter under AVF I, which is a pretty crazy look on its own.
And this is not some random one-off crypto line either.
Same book also has Polymarket, Solana, Optimism, dYdX, Blast and Compound, so the guy who could end up running the Fed is already sitting in a real crypto venture stack.
Warsh also disclosed more than $100M in assets
which would make him the richest Fed chair in modern history if confirmed.
The filing does not show the exact size of the Lighter line
But, Seeing Lighter show up in a Fed chair disclosure is still insane
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hl retards in disbelief
$HYPE
El33@_El33_
Next fed chair holds $LIT. Lighter is redefining “US aligned” Interesting.
Nederlands
Kevin Warsh is holding Lighter 🕯️
$LIT $20B FDV coded.
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I am calling on World Liberty Financial @worldlibertyfi to publicly disclose who controls the single guardian EOA and the 3/5 multisig that govern the WLFI smart contract.
Every investor has the right to know who holds the power to freeze their assets.
Here is what on-chain records show: A single guardian EOA — which also sits on the multisig — blacklisted my wallet. That same address is the sole owner of a second guardian Safe with a threshold of 1.
This means one person — one single individual — has the unilateral power to freeze any token holder's assets. Seizing those assets requires a 3-of-5 multisig vote, but freezing requires only one signature.
Who is that person? The community deserves an answer.
Let me be clear about what this structure means: community governance and voting are meaningless. Every proposal, every vote, every claim of decentralized decision-making is theater. Real power — the power to freeze, to move funds, to control the protocol — sits with one anonymous EOA and a 3-of-5 multisig that answers to no one. The entire governance framework has been hollowed out from the inside.
A project that claims to stand for decentralization and financial freedom cannot concentrate this level of power in a single anonymous address. If the WLFI team has nothing to hide, they should have no difficulty identifying who controls these keys.
banteg@banteg
justin sun vs wlfi the original token deployed sep 2024 had no blacklist and no seizure, but it was upgradable. the blacklist was added in v2 on aug 24, 2025. 11 months after sun invested and one week before trading opened. on nov 19, 2025, another upgrade added batch reallocation, essentially seizing, justified with saving phished funds. whatever the paper contract said, the code for vesting contract supports cliff dates, linear schedules, and up to 8 segments per category. wlfi used none of these to restrict sun. they chose 20% instant lump-sum unlock, then punished him for using a fraction of it. the remaining 80% has no vesting schedule at all, 7+ months later, claimable() returns 0. the vesting contract has per-category schedules to enforce token lockups. what's interesting is wlfi has carved out a special category 3 specifically for justin sun, he's the only user in it. the other 519 investors are in category 1. 14 minutes before sun activated his wallet, wlfi's own 3-of-5 multisig configured category 3 to release 20% of his 3b allocation as freely transferable tokens at trading start. over the next 3 days sun transferred out 55m. a single guardian eoa (also on multisig) blacklisted him. that address is also the sole owner of a second guardian safe with threshold 1. so one person can freeze anyone, while seizing requires 3-of-5. meanwhile, the same multisig is using 5b wlfi as collateral on dolomite to borrow $250m in stablecoins. they represent 98% of all wlfi on dolomite and 86% of the protocol's entire borrow volume. two safes with the same five signers, running a usd1/usdc loop that recycles borrowed usd1 as collateral to borrow usdc and feed it back.
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bro leaving $LIT just to meet @worldlibertyfi bros in court
H.E. Justin Sun 👨🚀 🌞@justinsuntron
Whoever is hiding behind this official account, step forward and identify yourself. Every action taken by the WLFI team to secretly implant backdoor controls over user assets, to freeze investor funds without disclosure or due process, and to treat the crypto community as a personal ATM, someone must be held personally accountable for these actions. As the largest investor in this project, I demand that those responsible come forward by name, instead of hiding in the shadows.
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It’s very clear where the perps category is heading.
It’s also very compelling from an investment POV.
We are going to put every tokenized asset possible onchain and have them traded 24/7 with deeper liquidity and better pricing than any TradFi venue, starting on the weekends, and eventually 24/7. No matter what day, time, or place you're in, you'll be able to get a better quote onchain on a venue like Lighter.
I firmly believe in this and it's evident in the growth that Hyperliquid has had as of late that we will see this vision through.
We are starting now with 0.1%-2% of all volume onchain of some of these commodities like Oil during the commencement of the war.
We will slowly get to 10%, 25%, and then the majority. I'm not sure that the entirety of trading volume will be done onchain, but I expect a lot of it will be.
This was a really good conversation with Vlad about some of their upcoming updates to their pricing structures, $LIT tokenomics, their LighterEVM product, the valuation methodology, and his takes on current debates about perps design.
Lighter looking good here. Enjoy.
The Rollup@therollupco
Vladimir Novakovski (@vnovakovski): Why Every Asset Will Eventually Trade On @lighter_xyz Timestamps: 00:00 Intro 01:45 Lighter EVM Explained 04:20 Volatility & Risk Management 07:30 Lighter's Regulatory Strategy 11:15 Fee Model & Retail Focus 13:40 Single Sequencer vs. Localized Ingestion 18:00 Verifiability Over Decentralization 20:10 Telegram Wallet Partnership 24:30 Zero Fees & Revenue Model 27:00 Lighter vs. Hyperliquid Valuation 31:20 Winner Take All or Winner Take Most? 34:00 TAM Expansion & Tokenized Assets
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hl cults in disbelief
$HYPE
ray tio@nahnah64
Loracle is currently shorting $HYPE and longing $LIT interesting
Nederlands
@coingecko @tplr_ai nothing is decentralization if create by some people
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JUST IN: 🇮🇹🇮🇷 Italian Prime Minister Meloni says the Strait of Hormuz must be fully opened "without any restrictions."
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