Elvy ✳️
375 posts

Elvy ✳️ retweetledi

My thoughts on yesterday’s crypto crash:
TLDR: We’ll be fine. We always are.
I’ve been in this industry for 9 years now, and I’d say I’ve really seen it all. The COVID crash, the $LUNA meltdown, the FTX collapse, you name it.
But what we witnessed yesterday felt very different from most things I’ve experienced before. While many coins look completely wrecked on the charts, it didn’t feel as dramatic to me as some of the true black swan events we’ve seen in the past.
Don’t get me wrong, I’m not trying to downplay it. Yesterday was the largest liquidation event in crypto history, and my heart genuinely goes out to everyone - friends, colleagues, and beyond - who suffered massive losses that will take a long time to recover from. I wish this on no one.
However, while we still don’t fully understand what happened, the big difference this time is that there doesn’t seem to be a fundamental reason for such an extreme crash. Sure, Trump’s tariff threats against China might have started the dump, but that alone surely doesn’t justify -99% crashes across major caps.
It really feels like something went seriously wrong behind the scenes at Binance or a major market maker, triggering a one-of-a-kind liquidation cascade that wiped out liquidity across the board and sent some assets literally to zero.
As much as I criticize Binance at times, they’ve always had the most robust trading infrastructure in the industry. So seeing price action like this even happen on their platform felt very strange, and even stranger was the fact that Binance literally stopped working for 10–20 minutes when I tried to buy those -90% dips.
That suspicion grew even stronger when I switched to DEXs to buy. Prices there for assets like $PUMP or $JTO were around 25% higher than on Binance. Tokens like $CARDS, which aren’t listed on major exchanges, were affected significantly less. Normally, during fundamental market crashes, it’s exactly the other way around.
Rumors are already flying, and I’m sure we’ll get more clarity in the next few days. But from what I can judge and from almost a decade of living and breathing this industry: my gut says this was a massive technical issue, not a fundamental one.
And that, to me, is bullish.
For context, the COVID crash and FTX collapse hit me hard. Back then, I genuinely thought it might be over. I remember feeling anxious for days, even weeks, questioning my entire future in this space.
This time felt completely different. I bought immediately, and after reflecting for about 10 hours, I want to buy even more.
I know many of you are going through a tough time right now, and I’m deeply sorry for your losses. Nobody could have predicted this and trust me, even the biggest OGs and professionals in this space got hit badly.
But nothing fundamental has changed about this industry. The only question you should ask yourself right now is:
“How much do I truly believe in crypto long term?”
If you doubt that crypto as a whole can survive or thrive long term, I understand why you might be too afraid to buy right now. But in that case, you probably weren’t here for the right reasons to begin with.
As for me, I have zero doubt. This industry isn’t just here to stay, it’s on track to 10x from here and beyond. It’s only a matter of time.
So why would I panic over a technical glitch that caused prices to drop -99%? Of course, it’s painful, but rationally speaking, this might be one of the greatest opportunities you’ll ever get in your lifetime.
Don’t bury your head in the sand, not after everything we’ve survived over the past years. Events like this separate the wheat from the chaff, the winners from the losers.
If it’s even remotely possible for you right now, just survive. That’s all you need to do.
I promise you, you won’t regret it.
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Marre de ces histoires d’insiders 🇺🇸 qui ont toutes les infos avant tout le monde et qui brassent des millions de $ en dumpant sur le reste du monde
$TRUMP, $MELANIA, $YZY... On arrive toujours en retard en Europe: au mieux on gagne des miettes, au pire on perd tout notre oseille
Il faut que la France reprenne ses droits!
J’invoque donc @EmmanuelMacron, @Brigitte1eDame et @booba pour lancer le $MACRON, $TROGNEUX & $PIRATERIE
Mes DMs sont ouverts si vous avez besoin d’aide, messieurs: il ne tient qu’à vous de rendre fier (et riche) le peuple 🇫🇷 !
Français

GMabs Everyone💚
The weekend is finally here. Take a break, touch the grass, because crazy Abstract August is coming✳️
In a few hours I'll be streaming: I want to finish the BP in @MoodyMights, scratch some @gacha_game_ cards and see what's new in the @playgigaverse dungeons.

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@elfy_411 @dailax @Azino_x @merheb @AbstractChain @Abstract_Eco Ohhh congrats Ekaterina ! Such a good news. See you on your stream ☺️
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@MikeGenesio @MoodyMights Congrats🥳 What level are you in the battle pass?
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I think I'm a bit late, but I just finished the Betakkuma event in Moody Madness! 🏎️
I really like the new maps @MoodyMights !

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@MikeGenesio Moody 🫶
More cool maps coming... and something else 👀
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@MikeGenesio @MoodyMights You only would have been late, when event finished and you couldn’t make it till the end. So, congrats 🥳👊
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This game is one of my favorites @RoachRacingClub
Hoping to reach top 50 ranks next month🙏
The game's even more fun with such skilled players

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You say you believe in @AbstractChain?
Then drop your wallet address and tell me how many badges you have.
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@Azino_x @Phin_totten @AbstractChain @elfy_411 Oof, hard to catch a screenshot when she's in 8th place ! 😂
Hope she will get approval. She deserves it !
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While waiting for @Phin_totten’s approval to stream on @AbstractChain, some gamers share their adventures elsewhere
@elfy_411 is one of them, a lovely gamer we hope will join the Abstract stream soon 👀
She needs our support! 👇

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A new feature has appeared in @playgigaverse 🔥
The merchant now lets you buy items that update daily or weekly.
Today, you can buy the Nautical Box, which contains skins that seem to be linked to the upcoming game! 👀


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Elvy ✳️ retweetledi

BREAKING: @AbstractChain co-founder just confirmed that XP will be convertible into $ABS token, ecosystem tokens or even perks like a World Cup ticket🤯
@MindfulMarketOG | @CashBowie
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First time I'm checking this out, and apparently I'm in the top 300 on Abstract!
Seems pretty good to me, right @AbstractChain ?

armosR🏕️@armosrenatox
Let me see your ranking👀 @AbstractChain
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