izwandi

In 19 days, a jury in Oakland is going to decide whether the entire legal foundation of the AI industry is built on fraud. Everyone thinks the Musk vs Altman lawsuit is a billionaire grudge match. Two egos, one grudge, a $150 billion damages number designed for headlines. Easy to dismiss. Easy to scroll past. That's exactly what Altman wants you to think. Because what's actually on trial on April 27 is something much BIGGER than Elon's hurt feelings... A jury is going to decide whether you can legally take billions of dollars in nonprofit donations, use them to build the most valuable technology in human history, and then quietly convert that nonprofit into a for-profit company worth $850 billion. If the answer is no, the entire AI industry has a problem. Because OpenAI is not the only company that did this: Anthropic was founded by OpenAI defectors using the same nonprofit-first mission language. xAI pitches itself as building AI "for humanity." Every frontier lab has used the moral cover of "we're doing this for the good of the world" to attract talent, capital, and regulatory goodwill they would have never gotten otherwise. An Elon win doesn't just touch OpenAI. It creates a legal precedent that every AI company built on a nonprofit or public benefit promise becomes vulnerable to shareholder and donor clawback suits. That's why this case matters. And that's why Altman is panicking. Just look at what he did this week: Elon filed a motion demanding the court remove Altman and Brockman from their roles and FORCE OpenAI to return to its nonprofit origins. Then he amended the suit to say if he wins the $150 billion, all of it goes to OpenAI's charity arm. Not him. Zero dollars to Elon personally. That amendment was surgical. It stripped Altman of his entire public defense. He can no longer claim this is about Elon's ego or Elon's bank account. Elon is now legally on record saying he just wants the mission back. OpenAI's response was to panic-write a letter to the California and Delaware attorneys general asking them to investigate Elon for "anti-competitive behavior." Their strategy chief publicly accused Elon of coordinating attacks with Mark Zuckerberg. They called the lawsuit "harassment driven by ego and jealousy." That's NOT the response of a company that thinks it's going to win. Real companies with real defenses don't ask the government to silence the person suing them 3 weeks before trial. They let the evidence speak. OpenAI is scrambling because they know what's in discovery. Elon's team has been building this case for two years. Emails, board minutes, internal conversations about the conversion. The kind of paper trail that juries understand and executives can't explain away. And the timing couldn't be worse... OpenAI is trying to IPO at $852 billion. They just raised $122 billion. Microsoft has $135 billion of exposure to them. A jury verdict that even partially sides with Elon in late April or May would crater the entire IPO runway and send shockwaves through every major AI investor on Earth. This is why Altman spent the last 2 weeks doing press tours and policy blueprints and "super intelligence agendas" aimed at Washington. He's trying to REFRAME himself as the responsible statesman of AI right before a jury decides if he's a con artist. Most people will watch this trial start and think it's celebrity drama. The smart money is watching it and realizing that the legal foundation of the AI boom is about to be tested in court for the first time EVER. And if that foundation cracks, everything built on top of it is at risk.

Did he just explained his business model

@cz_binance The best user protection would be if you were back in jail.

So What's The Data? A flurry of replies all asking the same question. As well as a flurry of replies calling me an idiot for making the statement that narrative doesn't matter as much as people think it does. My way makes me money. If your way makes you money there is nothing wrong with that. No need to change. I simply choose not to enter a trade based on vibes. I'll now give the real life example I referenced in the last post. The coin was DFM that I identified at a 250K mcap. And I still don't even know what that coin is about as it didn't matter. Got in at 250K and got out at 4M. Because of data. It's now 1M at the time of writing. Volume is dying. Bots are leaving. Liquidity is still "thin air". Short of a new data catalyst, it's dead. My method is relatively simple. You may have a better method. Maybe I'm retarded (saves some of you from saying it). But this method has worked for me and I've been able to obtain around an 80% win rate. On low mcap memes. I happen to be proud of that number. For screening, I use GMGN. I don't trade there, but they do have some of the better screening tools. On the Trending tab I set up the following filters: NoMint - checked Burnt - checked No Blacklist - checked MC - 225K 5M volume - 9k Why 225 and 9? Because many traders filter for 250K and 10K. I like to be first, for things worth trading. I'm still actively experimenting with these initial filters but lean on the side of not going too filter heavy. Then, on my display view, I make sure I'm on 5M for time selection and that I have columns enabled for both 5m% and 1h%. If something is hot on the 5M but still way down on the 1H I won't even bother looking at it. I'm looking for confluence. I also check token age from this view. I don't filter it out as a hard rule but typically I'm not hopping on the bandwagon for an old token just because it has started to pump. But I do like being aware of it. The next thing I do is copy the CA and if we are still a very low mcap (sub 1M) I'll pull up the Bubblemaps. Does it look cleaner or more dirty than most Bubblemaps I look at every day? (more on that later). If the coin is over 1M mcap the first thing I will do is pull up the CLOBr liquidity map. This tends to not matter until you get into the 2M+ mcap range, but I want to know right away if LP farms are bogging price action down, what sell pressure is right above current price, how much support is below - is support v resistance asymetric, etc. If it's a brand new coin it may have not even had time to make it to CLOBr yet - and again for very low mcap the CLOBr map doesn't really matter as much as usually the only source of liquidity is the PumpSwap pool anyway. Then I pull up GeckoTerminal (or DexScreener or similar, whatever one you like to use) and look at volume. How is volume progressing, is it getting more intense, looking the same, or declining. I look at the trend over the past 5M vs 1H vs 6/24. The volume bar graph also helps paint a visual picture but I prefer cross-checking by clicking on the 5M/1H/6H/24H time frames specifically because you can easily see transaction counts, net buy vs sell, etc. I additionally look at holder counts. Not is it going up or down, that doesn't matter on your early launches. I'm looking to see if the expected holder count appears to be normal & organic for token age + mcap. I also visually scan the order flow for obvious signs of volume botting. I also scan for addresses I know to be bot addresses that trade anything worth trading all day long. Are those known bot addresses buying or selling? If they aren't even present that's a signal to me the token likely isn't worth trading. I don't even bother looking at bundled reports. Assume they all are. Now here's where my strategy and what the data tells me may differ from most. I'm looking for red flags. Because crime moves this space more often than not. So I'm looking for the warning signs of crime so I can trade them. The more sophisticated the crime, the higher the anticipated price action. People don't put a ton of effort and expense into just rugging something at a 500K mcap. Here's how the data guided me on my successful trade of DFM this AM and why I was able to get in at $250K and out at 4M before the crash back down to 1M. My filtered view from step one fired off at $225K as it was supposed to. It took me a couple of minutes to complete my checks before I bought in at $250K. The first thing I noticed as a crime signal was bubble maps. Too perfect. It's still too perfect as of the time of this post. Real life is messy. This means the people who bundle went to great lengths to do it intelligently. Time+effort = longer runway. Holder count vs age? Also very high. Not organic. The second thing that stuck out to me is the distribution on this low mcap meme coin is something we all dream of. Not a single wallet held more than 0.3% of total supply. That...just...doesn't...happen...ever. Again, signs that great pains have been taken to paint a perfect picture (when real life is messy by default). I checked the order flow and saw a lot of known bot addresses buying and selling - this passed a critical check. If it's not good enough for the bots to transact, it's not good enough for me either. I saw volume holding steady across a period of time. This means that either organic traders were engaging or more likely that someone paid for sustained volume bots. Many cheap devs will run a volume bot once, just to grab everyones attention. And you'll notice the volume cycle drops off significantly. Here the volume was sustained. So either more money is being invested into the volume bot for a longer duration or organic buyers and sellers are hopping in - doesn't matter to me which it is, just that it's happening. There was no magic. No big secret formula. I simply looked at the data and said "This looks too perfect. Things are only made to look this perfect if it has a runway ahead of it" So I buy red flags. Because the effort put into crime can be a strong signal into how long the crime will continue. As I rode my position up I started looking at the CLOBr liquidity map. We crossed 1M, no liquidity added. 2M, no liquidity added. Past that point I was glued to the screen watching for the first sign of anything turning the tide. Was volume dying? Were sells being met with buys? Volume didn't die and holder count just kept increasing, but at 4M I bailed. Because at that point there SHOULD have been a better liquidity picture. I know from vast experience in staring at these things all day every day that you simply cannot be at a 4M mcap without better liquidity than simply the PumpSwap pool. All of my experience told me the risk/reward systems in these bots would start giving heavy weighting to the "thin air" below current price. I wanted to bail before they did. Sure I missed the move from 4 to 5.3, but after 5.3 it just utterly tanked. I even told my TG group that I would ape back in the moment they added the typical large fake liquidity layer to paint support below. But they just never did. In short? This goes back to my general trading thesis that I taught people about months ago. (It's on the TL, don't make me scroll). This is crypto. Assume everything is manipulated and that nothing is organic. The way to make money is therefore looking for signs of manipulation and walking in harmony with the Apex Predator so as not to become the prey. Was this helpful to you? Please let me know. It means a lot. There's a small army of people who love to just crap on anything that comes out of my mouth and I took an hour out of my day to type this up, hoping at least one person would benefit from it. 🫡 From the depths — The White Whale 🐋

Some mistakes were made 😅

POV: It’s 2030, the Bitcoin you bought at $69,000 is now worth $1,000,000. Everyone else sold but you never did.

Dating in Singapore is funny because a woman like her offers zero intrinsic value but for the sheer virtue of being slightly better than normal tier jibai you can rug nft holders and multiple tokens and then larp as if you’re a longevity crypto expert that has the Mandate of Heaven when the celestial mandate was to reincarnate you into the spirit of the female trickster to plague upon men in the physical realm *send tweet*

@WhiteWhaleLabs Hahahahahah goated

RIP.

GOAT

Can you give me 2 examples of when I have been malicious? Was I malicious when I gave away the millions of dollars the community helped me free from MEXC? Was I malicious when I took over running a coin I never wanted made in the first place and gave away hundreds of thousands of dollars and pumped everyone’s bags, essentially being their exit liquidity? Or perhaps I was malicious when I called out broken things in crypto long before it was popular to talk about them? But now almost everyone is talking about my same points. Do please tell me. It’s a genuine question. Because my POV as someone with great love for this space is the #1 enemy is lack to consumer education and the number # 2 enemy is those who take advantage of that to extract from the masses.

How much does it take to nuke your coins 90% 📉? 1.2% at $50m mc.. 0.83% at $100m mc.. 0.26% at $1b mc.. This is why you need responsible whales holding supply once you make it to higher levels and why these pumpfun tokens are constantly nuking 90% lol. Just look at how much it costs to get 1% of the supply on a pre bond pump fun token or even the 2.6% it takes to nuke a $10m mc token 90% 😅 **The math here is based purely on the pump amm LP with no consideration to compounded liquidity or 3rd party pools.

If it’s not going to zero, it’s going to a million. $BTC

@picwonAI Do it

Quick $WhiteWhale community check-in 🐋🔒 Based on all your feedback, here's the balanced plan I'm considering for the 9M tokens I hodl: • 5M locked until Jan 1, 2028 🔒 • 2M locked until Jan 1, 2027 🔒 • 2M reserve to be sold ONLY in small responsible batches when needed for giveaways 🎁 to support healthy price action (no dumps). Long-term lock on most of the supply + some flexibility for the community. All locks will be conducted through @streamflow_fi for trust and transparency. Should I go ahead and lock it exactly like this? Please vote + drop your thoughts/concerns/suggestions in the replies. I read every comment and really value the feedback before making the final call. Thanks for helping shape this.

lol wtf

Gloves off. I'm F$%*ing pissed. A little over three hours ago our monitoring systems alerted us to a very unusually sized sell limit order on ByBit spot. Close to $200K in value. We saw the order flip in and out of view (classic signs of spoofing). I attacked the sell wall by placing a couple of large market orders, and magically it disappeared afterwards (even tho my buys were no where near the size to knock it out, my goal was just to damage it). Seems like someone didn't want to sell after all. Large "spoofed" sell walls are intended to accomplish one function: trick bots, algo traders and regular humans into believing there is much more resistance immediately above price than below it. This taking place on a weekend with low organic volume is no accident. They continued to "walk down" the price until they got what they came for, which was long liquidations. And of course as soon as those liquidations were achieved the very large spoof order disappeared from the books. This blatant market manipulation is easy to spot on lower market-cap tokens, but this is what goes on all day every day in crypto. Who is doing this? It's not ByBit themselves. They are a fairly well-respected Tier One exchange and unlike other shady CEXs they don't need to market make their own books. This is clearly a large actor who stood to benefit from the price move. The most likely culprit? Whoever is performing the market making on the perps book. The problem is that any one of a number of Market Makers can market make any token they want. Once they are approved to access the exchange there's nothing stopping them from doing this. We never asked for a perps listing. If we had been asked we would have said we didn't want one. It's too easy to let perps drive price discovery for a lot less capital invested. I believe price discovery should be driven by spot, at the very least until asset maturity. How are they doing this? They use a combination of DEX selling, CEX selling, CEX spoof falls to trigger their desired outcome. Then they buy the dips they force to take place. They reload cheaply once they trigger a cascade because bot and human selling help them lower price to their targets. That's when they load up. Which is why they can repeat this all day long and not lose money on the spot buys they make. What can we do about it? So much of spot trading is bot/algo driven. We can't reprogram every bot to identify spoofed liquidity and not respond to it. It's literally a robot war. Bots deceiving each other. Bots not wanting to take the risk that the resistance isn't real and hedging on the side of caution. Buying into the initial dump feels logical, but you're just allowing them to exit at a higher profit. Instead, one tactic that we are deploying is putting limit buy orders just above where the liquidation clusters start on a move forward basis. We don't want to feed their profitability by trying to prevent the move but if we know their destination we do want to make that final journey as expensive as possible. This is because they will be forced to expend tokens at what is likely close to a break even or perhaps even a loss to make the move, making it much less rewarding. Additionally we have submitted yet another report to @Bybit_Official 's market surveillance team asking for an investigation. We do not know who the actor is, naturally (CEXs are black boxes) but we do know what activity is taking place. It is our sincere hope that our partners at @Bybit_Official take steps to reduce or eliminate this activity. Legal and internal definitions of "spoofing" vary greatly, and its very likely the actor knows how to conduct this behavior in a method that evades falling into the "spoofing" definition. That does not, however, mean that it is not active market manipulation - which is against their Terms of Service. We aren't sleeping on the job. We are literally monitoring these sorts of things 24 hours a day. We have seen their tactics shift and adapt as our tactics have shifted and adapted. (My favorite was when they attempted to hide the spoofing activity by also spoofing some on the buy side, although with much less money to still make the sell side seem more powerful). When the chart only makes sense once you look at a liquidation heatmap? Chances are someone applied these sorts of tactics to make it happen. This is why supply control is so very important, and why the Treasury is still accumulating supply on a daily basis. By making supply more scarce, and in the hands of actual stewards of the project (the project itself and its loyal community), these types of games become more difficult the more time goes on. I have spent so much time putting counter-moves up against the blatant market manipulation its taken away time from other things I should be doing. Like writing new video scripts, crafting new educational posts, etc. So why am I so pissed right now? Well, because today I lost. I've been winning the war a lot lately, but just wasn't able to pull of a victory today. But more than that, because this kind of nonsense should not be allowed to take place to begin with. Sadly it does...all day long...on every asset in crypto. This is why I've said since my appearance on X that the goal of trading in this space is to understand the Apex Predator so that you can walk in harmony with them, instead of being their prey. For the love of all that is holy, don't leverage trade our token. They are hunting. Shorts will be the next ones hunted. 🫡 From the depths — The White Whale 🐋

@TheWhiteWhaleV2 @MetaGorgonite good one :)

@MetaGorgonite How's that working out for you?

OPENING SHORT ON $Whitewhale $1M short open on Whitewhale at $104M Liquidation $125M Congrats if you made a bag, but the fun is over.

@TheWhiteWhaleV2 @BullishEntity Goat

@BullishEntity 😂 I only hold one meme and I’m not selling. That’s a shortcut used by many people to accumulate supply control cheaper. But I’ve always believed there’s the easy way, and the right way. They most often are not the same.

I was calling out CZ/Binance before it was popular. You’re either right, wrong, or just early. 🤷‍♂️

No complexity. No accident. 10/10 was caused by irresponsible marketing campaigns by certain companies. On October 10, tens of billions of dollars were liquidated. As CEO of OKX, we observed clearly that the crypto market’s microstructure fundamentally changed after that day. Many industry participants believe the damage was more severe than the FTX collapse. Since then, there has been extensive discussion about why it happened and how to prevent a recurrence. The root causes are not difficult to identify. ⸻ What actually happened 1.Binance launched a temporary user-acquisition campaign offering 12% APY on USDe, while allowing USDe to be used as collateral with the same treatment as USDT and USDC, and without effective limits. 2.USDe is a tokenized hedge fund product. Ethena raises capital via a so-called “stablecoin,” deploys it into index arbitrage and algorithmic trading strategies, and tokenizes the resulting fund. The token can then be deposited on exchanges to earn yield. 3.USDe is fundamentally different from products such as BlackRock BUIDL and Franklin Templeton BENJI, which are tokenized money market funds with low-risk profiles. USDe, by contrast, embeds hedge-fund-level risk. This difference is structural, not cosmetic. 4.Binance users were encouraged to convert USDT and USDC into USDe to earn attractive yields, without sufficient emphasis on the underlying risks. From a user’s perspective, trading with USDe appeared no different from trading with traditional stablecoins—while the actual risk profile was materially higher. 5.Risk escalated further as users: •converted USDT/USDC into USDe, •used USDe as collateral to borrow USDT, •converted the borrowed USDT back into USDe, •and repeated the cycle. This leverage loop produced artificial APYs of 24%, 36%, and even 70%+, widely perceived as “low risk” simply because they were offered by a major platform. Systemic risk accumulated rapidly across the global crypto market. 6.At that point, even a small market shock was sufficient to trigger a collapse. When volatility hit, USDe depegged quickly. Cascading liquidations followed, and weaknesses in risk management around assets such as WETH and BNSOL further amplified the crash. Some tokens briefly traded near zero. The damage to global users and companies—including OKX customers—was severe, and recovery will take time. ⸻ Why this matters I am discussing the root cause, not assigning blame or launching an attack on Binance. Speaking openly about systemic risks is sometimes uncomfortable, but it is necessary if the industry is to mature responsibly. I expect there may be significant misinformation and coordinated FUD directed at OKX in the near future. Even so, speaking honestly about systemic risk is the right thing to do—and we will continue to do so. As the largest global platform, Binance has outsized influence—and corresponding responsibility—as an industry leader. Long-term trust in crypto cannot be built on short-term yield games, excessive leverage, or marketing practices that obscure risk. The industry needs leaders who prioritize market stability, transparency, and responsible innovation—not a winner-take-all mentality where criticism is treated as hostility. Crypto is still early. What we choose to normalize today will determine whether this industry earns lasting trust—or repeats the same mistakes again.

@binance Not gonna read it and fuck you

10/10’s myths and facts explained. 👉 binance.com/en/blog/commun…

@CrashDavis010 I wish there were more people like @TheWhiteWhaleV2 in this space.

The $whitewhale process has been a mental challenge for me. Bought late, continued to buy on the way up, at the peak and back down. I always felt manipulation was occurring. Of course, it was just a hunch. But it wasn't bots, it seemed to be a coordinated attack to move the price down. Now, after a mental refresh, I re-entered to telegram chat and see that @TheWhiteWhaleV2 post from yesterday here: x.com/TheWhiteWhaleV… wasn't a bluff. It wasn't directed at a large wallet sale...it's much much larger and could impact at least every meme, possibly the larger market as a whole. This isn't speculation, he has receipts...and that is all I need to know. He is who we thought he was. A man on a mission, with the skillset to fight the fight for all of us. I'm energized and more thankful than ever for @TheWhiteWhaleV2. Thank you and though I might be a small account, I'm with you until the end.