kollector.eth

@iamarkdev @FrostyFritz @HYCHAIN_GAMES 25% is a huge loss... especially for long term supporters of the project. These are the folks that stuck with the project through the ups an downs, and have to suffer a 25% loss would be a total disgrace.

@KollectorBee @FrostyFritz @HYCHAIN_GAMES Up to the foundation, keep eyes on it

@FrostyFritz @HYCHAIN_GAMES @iamarkdev I am sure you guys have thought about this... can you share more details on staked ETH/TOPIA?

I'm curious to see how the issue of impermanent loss will be handled. A lot of people are continuing to stake because the ETH/TOPIA ratio isn’t very favorable right now, and the impermanent loss is currently around 25% for those who started staking from day one. Many will want to wait until the ratio improves. If staking is ended abruptly without users having any control over it, that would be the worst-case scenario.

@cryptoline21 but yet not enough to overcome the shortiieess

It doesn't take much intelligence to say: Woooooooow! $OM

@AaluxxMyth lets do it...

I want me 1000 RUNE : 1 ETH this week or I’ll go on Mayan strike 🪧

Are you gonna let ETH outperform us today anon? Just like that? Unacceptable. Devs do something.

@shahidaasi @georgeking40361 @jp_mullin888 @MANTRA_Chain @mahrukhzahid46 @token2049 @CryptoLiebs @alpackaP @0xjohnnywalker @defisushi "Buyback" needs $ unlike $RUNE that is generating great amount of fees daily, its $40Mil annually if I am not mistaken. Where is the $$ coming from for $OM buyback? Maybe by selling shares? @jp_mullin888 talked about future IPO. Could sell those shares to raise funds.

@georgeking40361 @jp_mullin888 @MANTRA_Chain @mahrukhzahid46 @token2049 @CryptoLiebs @alpackaP @0xjohnnywalker @defisushi Yes, load $OM now and cry after 1 week. It is a dead project, until @jp_mullin888 starts real market buyback.

You still have the opportunity to load your $Om bag under $1.3 seven days target. Follow this account for more important update

@MANTRA_Chain @jp_mullin888 any update on the buyback and burn? Curious where the funds are coming from and what's the plan... Hate to see a legit project go to waste due to some CEX liquidation

@Zane_Sterling What say you @jayantramanand @jp_mullin888 ? Pause emissions? $OM

I've lost hope in Mantra. When the price nears $0.37 again, $OM could collapse once more, and the emissions never stop. They made a mistake by not pausing emissions for a while, and trust has been broken. But I wish good luck to those still holding longs and hoping for the best.

@jp_mullin888 Throwing my hat in... in support of $OM and @MANTRA_Chain Not all details are out yet.... but the fact that so many CT idiots are and KOLs are spreading distorted info makes me wanna take a stance for the wounded side! Stay strong and rebuild! 💪

I'm very thankful to have long-term-minded investors who believe in what we're building at MANTRA, even during these incredibly tough times. It's refreshing to see investors actively reaching out, to extend their vesting periods to support the project for the long haul. 🫡🕉️

@jp_mullin888 this brings clarity to what happened.... now lets get "what's next" going.... buybacks burn address burn schedule

Well-researched and thoughtfully written. We continue to welcome CEXs to provide more transparency and clarity on the events that transpired this past weekend. We remain readily available and open to collaboration. 🫡🕉️

@traderview2 Great work! This brings clarity but also exposes issues with low liquidity and how bad actors can use perp to move the market.... wonder if this can be prevented on decentralized perp or if the result will still be the same?

The collapse of $OM was unlike anything I’ve witnessed over my 8 years in this market. Out of pure curiosity, I spent nearly 10 hours dissecting the data, trying to piece together what went down If you missed my initial breakdown of the crash, be sure to check it out below Let me preface this by saying I never owned any $OM, but it was included in my "top gainers since the election" analysis multiple times over the last few months as it was hard to miss. I have no idea what was behind the strong rally over the last few months, so keep in mind this rundown is only focused on what occurred on April 13th and is purely my own opinion. With that said, here’s my final take on how the $OM meltdown unfolded: The first -10% move to the $5 range was mainly due to moderate sell pressure from OKX spot market which started around 16:00 UTC with nearly 4M USD of $OM net market sold. This move wasn't that abnormal and seemed orderly based on spreads across spot and perp markets. So my focus remained on what caused $5 to break around 18:28 UTC, when things start really getting out of hand. This was due to an entity(s) on Binance perp market. That's what triggered the entire cascade and the below chart proves that very well. The blue line is Binance perp market and we can see the initial drop below $5 was triggered by a ~1M USD short position being market sold. This caused over 5% of slippage in literal microseconds. That was the trigger. This seems intentional to me. They knew what they were doing. Every 5 or so seconds after that initial short, more ~1M USD sell clips came in, which could of been more shorts being opened at market OR long positions getting liquidated. This was the driving forcing behind the $5.00 - $2.50 move that occurred in less than a minute. The next chart plots a premium/discount of the prices across OKX spot/perp market, Bybit spot/perp market & Binance perp market using Binance spot market as the baseline. We can see how all markets were very in line up until the first 1M USD short clip from Binance perps. The purple line being Binance perps, further confirms this idea as they were the first market to see a strong discount compared to the other markets (due to the vast sell pressure on the orderbooks). But then we can see what happened shortly after, OKX spot market saw a near -20% discount compared to the other markets (more on this at the end). The last visualization further proving Binance perps was the main driver behind the -50% move in under a minute is below. This chart plots triangles based on the SIZE of the orders across all 6 markets included. It's very obvious to see who dominated by a large margin, Binance perps. Thanks to @ltrd_ for filling in last this missing piece about OKX, be sure to check out his top level breakdown of this event -> x.com/ltrd_/status/1… So after price reached $2.50, we saw odd behavior on OKX spot market, as seen two plots above. There was a limit seller that popped up with multi million dollars worth of $OM, effectively keeping the OKX spot price pinned around ~2.40 for over a minute, all while the prices of other markets rose to $3+. I believe this was the main driving force of the last part of the sell off below $2.00, along with just general sell pressure due to the coin already being down -50% The last plot below gives a good view of this, each time the purple line was flat, there was a sitting sell wall that traders were "buying into" trying to arbitrage the difference in pricing across the markets. The green CVD line effectively gives a good idea of the amount that being "bought" into this massive sell wall. This partly explains why we saw "aggressive buying" on OKX, it seems most likely to be algorithmic bots trying to arbitrage the price differences. Here's the post where I referenced this "aggressive buying" -> x.com/traderview2/st… It still however doesn't fully explain the behavior here, and it's the one part I don't have an answer too. You would think panic market selling would overpower any market buying during this event, but no, so my best explanation was market makers or algo arbitrage bots. This limit seller was surely someone who was trying to get out of a large sum, but they showed up when price was already down -50%. Overall, this research showed me how fragile most of the crypto orderbooks are and how thin the liquidity can actually be. So my final conclusions (personal opinion): -The initial crash below $5 was purely perp driven by Binance perp market -The analysis point to this move not being triggered by the team selling spot tokens -I believe it was a coordinated attack with the end goal being exactly what happened (who knows who and why, Binance & OKX should?) -The spot market barely PANIC sold (at market) any tokens, beyond the passive limit sellers that popped up -Most of the crypto's out there have a massive liquidity problem and marketcap is very deceiving Thanks for reading. Like, comment and share if you enjoyed 🫡

@CryptoLycus *buy back... I meant the $10 mil they allocated to MM

@CryptoLycus From the interview JP did with Coffeezilla... the timeline where you circled doesn't match buy backs started summer thru fall. I think the run up happened primarily due to the RE deal in Dubai. Don't hold any OM at that time... just basing on the details from interviews

$OM was showing strong organic growth in its early phase but everything changed from the red circle That’s where the manipulation began. The team allegedly started buying back their own tokens and dealing OTC to artificially pump the price. It worked for a while. And now it is back to the same zone it was in before the fake rally began.

@toroscrypto Similar observation... couldn't have put it better. Still curious to see the details, tomorrow?

This clip pisses me off and I feel a bit for the $OM CEO here. Coffeezilla just using rage bait tactics for himself. I haven’t watched the whole interview and I don’t know the full details to understand if the team really did anything wrong but from what I have read and see in this clip this is what I think… Team sold their allocation OTC and then used that money to pay a market maker to create depth on the bid side. Instructed market maker not to sell. There is nothing unusual about that. It demonstrates that they wanted the project to grow and were willing to support it rather than just extracting their money and running which is what 99.9% of projects have done this cycle. Yes it’s dishonest and it created a massively inflated market cap but it’s what every new token does now. I personally get offers constantly for OTC deals from tokens at 50+% discount from market price. It’s a problem with VCs and exchanges much more than with teams themselves who are basically used and abused to generate money for the companies that back them. They’ve become a scapegoat for what is a bigger problem with the industry as a whole. One investor sold on an exchange rather than OTC, there was not enough liquidity to support it on that exchange, matching engines caused price to drop on all exchanges (something they use to prevent arbitrage) OI and OB depth on exchanges did increase during the drop which showed that there was an effort made to support price. The team / MM probably lost money by doing this. The whole space is way too saturated now, hundreds of exchanges, thousands of market makers, millions of tokens and not enough actual liquidity. There are far fewer active retail investors now than in 2021. Very different to the Luna situation imo and a symptom we’ve had since the FTX crash as exchanges themselves don’t provide as much liquidity as market makers themselves anymore. If one investor exits or shorts with size then it crashes the price globally. I could list thousands of tokens where the same thing has happened. The only reason this one is getting attention is because of the market cap it had which was heavily inflated and not representative at all of the projects actual value and the liquidity it had. New projects are constantly faced with a massive dilemma, if they launch fairly and organically then it’s almost impossible to survive in such a saturated space. So they’re now forced into inflated valuations through VC support and launchpads. Yes of course the devs and teams have to take some of the blame. We don’t need more alt coins, they offer nothing the vast majority of the time. They’re created to make money rather than innovate, but on the rare occasion that something new and interesting comes along then they will still have to compete by way of VCs, MMs and inflated MC. I don’t know anything about $OM, never invested, never traded it, couldn’t tell you if the project is good and innovative or not. But what I do know is that the Altcoin market as a whole is fundamentally broken and this will continue to happen to almost every project which launches. It’s a death spiral that all of crypto is in.

AMONG US is coming to @hytopia! Yesterday, I officially joined Hytopia’s Game Jam, and of course, I jumped into dev mode IMMEDIATELY.💥 TBH, I never touched Hytopia before (aside from some casual Hygrounds matches vs @AdonisOnX 😏), but I noticed something right away: • Most games on the platform lean toward PvP with super creative mechanics. But here's the thing: people usually prefer games they already understand. Familiar mechanics = easier adoption. So I thought… why not remix one of the most iconic games ever, and give it a blocky twist? And that's how I came up with AMONG CUBES! These first two days, I’ve been diving into the SDK — setting up a basic client, make things move, and handling events I’ll need for the game implementation. And so far, it's been SUPER EASY! Hytopia’s SDK and MCP play so well with AI. A lot of things just happen with a simple prompt. It’s kinda insane. Can’t wait to show more soon. 👀🧊🚀 P.S. Sorry for tweeting so late :) P.S. 2 This challenge is also part of my 365 Days to Retire My Parents, but I don't want to have 2 different titles in the same tweet, so I'm going to stick with this one for now, lol. P.S. 3 FOLLOW ME! I'm 20 followers away from 2000!

Are we pumping #Altcoins this Sunday.... damn market makers, lets f*cking do it

@MartiniGuyYT Seems to be trending that way u fortunately. What’s the alternative?

Gone are the Libertarians in Crypto Replaced with right wing authoritarians When i first got into Crypto the whole point was freedom Over time people stopped caring about freedom and started caring about making money These days its all people who love the government It kind of makes me think Crypto is dying because the morals behind what make it powerful have declined and been replaced with this constant love for the US government. I am not pro or anti trump I am pro freedom and i think a lot of Trumps decisions centralise power and that goes against my libertarian beliefs Talking of centralised power, Michael Saylor owning 2% of the supply of #bitcoin he bought with debt does seem like it could be an issue in the long term His end goal is to create a bitcoin bank and be the blackrock of the digital economy. I think crypto had its freedom time and that has passed. The industry may keep growing but it is growing into a giant big state financial tool no safer than a bank.

@iamarkdev how the heck this project is sitting at this token price is beyond me... It should be at $0.9494 at least

Mobile soon, everywhere to follow for max distribution to follow shortly thereafter 🫡

BREAKING: SEI NETWORK JUST REACHED 1,300,000,000 $SEI IN TVL. BREAKING PREVIOUS ATH BY MILES 📈

Darn right.

Told ya…