DaddyGM💰
14K posts


If we have a clear bounce back -- a clear market rotation. #Solana ecosystem will be the one who suffer the most ... And off course $sol go down bad. Why? >_ If you follow the solana ecosystem, you know that during the last weeks we had a huge meme cycle on solana. This leverage the hyped and the wealth in solana community. Inevitable people made tons of money in memes, rotate to other memes and/or rotate to $sol. People believe in $sol as I do. But that creates a huge leverage on the asset -- when the market hit down, most of the traders will see his wealth down bad because of the memes and $sol -> they will sell their $sol exposure because they can't suffer more on the down side. And the $sol position is the one who still have some size and/or less negative PnL. Some traders will not sell their memes because are down %20 or even more. Plus liquidations for the ones who work with leverage. --- This can create tons of selling pressure and the $sol will suffer -- this can be huge. It's why I'm shorting with size collateralize my holdings. am I selling my spot holding? No, why? Because with high probably I'm wrong. And I believe in long term of $sol. am I taking action? Trying to dollar cost average my entire position? Yes. Sorry @santiagoroel , I think you understand me.

NFTs are mooning and #Solana's all over the time line. Let's talk about an upcoming #DeFi platform that might just change your views on NFT lending. 👇🧵





















