
Crypto Jake
1.4K posts

Crypto Jake
@BroTweets101
Family, Crypto, Golf, ETH, SOL, BNB





Is $burnie free or cooked here?



I’ve been checking the $BURNIE holders. The biggest holder is a fresh wallet sitting on around $151K in unrealized profit, and it bought a large part of the supply before the coin even hit a $1M market cap. Also, when you look at the top 10 holders, almost all of them, except one, have not sold a single coin. A lot of people will see that and instantly think it is bearish, but in reality, this is often how strong runners are built. When supply is concentrated in wallets that are not selling early, it reduces the chances of constant jeet dumping and gives the chart more room to move higher. That kind of holder structure can help a coin sustain momentum instead of getting farmed at every small push. Of course, it still comes with risk, because concentrated supply is always something you need to watch. But if those wallets stay disciplined and do not rush to exit, this is usually the type of setup that allows a coin to make a bigger move. So rather than blindly calling it bad, the better question is this: Are these holders preparing to dump, or are they positioning for a much higher move?




"North Korea is willing to spend $100 million for a $300 million prize. You don't have $100 million to defend yourself" Haseeb on why open source might stop being the default in crypto "The pollyanna-ish kumbaya version of open source we've had over the last 20 years is going away" "Crypto apps are open source but they're maintained by a single company. Only Drift uses the Drift contracts. That's really different from open source like Linux or Axios" "There's such an asymmetry between attackers and defenders that this may end up pushing against open source as the default. Maybe they issue a zero knowledge proof that shows there's no admin key, but they're not going to decompile the code for you"




Do you think Burnie is our April runner?

@XScharo @toly I don't have to lie bud 😂 I aint worried about a beta bih made boi believing me with his little GMGN badge 😂 Fucking brokie 😂😭











