SteeperBasket
5.7K posts

SteeperBasket
@0xSteeper
Angel Investor & Asset Manager Investing in some of your favorite Web3 protocols | Running @0xPLTFRM








Think Ive finally found a good workflow for auditing my vibecoded apps Everytime a significant feature or fix is implemented, a custom audit skill is called, spawning a Opus agent with clean context, which reports to main instance to fix as well as a codex audit

GameStop (GME) hit an intraday high of $483 on January 28, 2021, and closed at approximately $347.51. From a fundamental perspective, GameStop was at the time merely a struggling physical video game retailer with steadily declining annual revenue; most analysts considered its “fair value” to be no more than $10–20. In other words, sentiment and collective action propelled a “company with a fair value of $10” all the way to $483—a premium of over 40 times. The psychological mechanisms behind this are well worth understanding: 1. FOMO: Watching others make money causes rationality to instantly collapse. 2. Sense of collective identity: The “Us vs. Wall Street” narrative on Reddit turned buying GME into a matter of “taking sides,” rather than an investment decision. 3. Self-fulfilling prophecy: When enough people believe “it will keep rising,” it actually does—until the music stops. 4. A Mirror of the Crypto Market: This week’s $RAVE story is a carbon copy of GME. The only differences are that a physical stock was replaced by a meme coin, and Reddit was replaced by X (Twitter). I highly recommend watching *Dumb Money*🤪—the movie about the 2021 GameStop event. There’s a lot to learn from it.

Unpopular take: on-chain metrics suggest a large portion of @tradexyz's volume and user base is sybil wallets farming an anticipated airdrop - not organic trading demand. 92.5% of XYZ addresses have never placed a single trade on any other HIP-3 deployer. In a nascent, novel market category - where commodity, equity, and other perps have only existed on-chain for six months - it is difficult to explain why organic traders would not explore even once with a single trade another deployer. 44% of XYZ addresses have never made a single trade on HL before trading on XYZ. These aren't net new users who discovered on-chain perps through XYZ and then went down the rabbit hole from there - they're wallets created specifically to farm it. Lastly, HL ecosystem alignment is the weakest of any deployer. Only 7.6% of XYZ wallets hold some form of staked HYPE, vs. roughly 50% of @Markets_xyz's user base. If you're here for an airdrop and nothing else, there's no reason to hold staked HYPE. What am I missing?




Here’s the list of the dumbest money in the world These are the people who sent ~4.3k to the latest James Wynn presale




April fools of the year award goes to @Techno_Revenant



Technorevenant, one of the biggest individual HYPE holders, unstaked 2.42M HYPE ($95M) on April 1. hypurrscan.io/address/0x179f… He sold a small amount to short HYPE and long XRP, SOL, and ETH, even traded a random coin called PENIS on Hyperliquid. Then restaked the full amount on a new wallet. hypurrscan.io/address/0x4eb8… HYPE pumped over 3% right after, as a lot of people were watching his wallet and waiting to react. Happy april fools.











