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@gmnay_

building @inflecta_io

Katılım Temmuz 2022
802 Takip Edilen6.1K Takipçiler
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Nay@gmnay_·
$500M+ of $ENA buybacks were supposed to source liquidity from the market onchain, Ethena-linked wallets supplied the same venues with similar amounts right before execution full breakdown ↓
Nay@gmnay_

x.com/i/article/2048…

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Nay@gmnay_·
Justin Sun still holds >3% of supply through HTX
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Nay@gmnay_·
2.4% of the total supply swept in the first two hours after KRW listing (~10% circ). No other listing can even closely match this in the current market No insider supply to offer except incentives, with backlog already cleared over the past couple days ethereum:0xc20059e0317de91738d13af027dfc4a50781b066
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Upbit Korea@Official_Upbit

스파크(SPK) KRW 마켓 거래지원 안내 ✅ 지원 마켓 : KRW 마켓 📅 거래지원 개시 시점: 2026-04-23 12:00 KST 🔗 공지 바로가기: upbit.com/service_center… #Upbit #SPK @sparkdotfi

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Inflecta
Inflecta@inflecta_io·
Disclosures are a positive step towards transparency. It would bring more trust if the disclosed $WLD were not immediately routed to multiple CEXes despite being subject to a six-month lockup. Inflecta surfaced these flows in real time a week ago.
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World Foundation@worldcoinfnd

1/ World Assets, Ltd. has now closed a series of OTC sales for a total of $65,000,000 with four counterparties over the past week, the first of which settled on March 20, 2026.

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Jommi
Jommi@joakimhi·
@gmnay_ wheres this from?
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Nay@gmnay_·
At this point institutions and retail are effectively two separate markets $SKY distribution: mainly owned by liquid funds with almost no retail participation even the RH listing resulted in ~$2m net accumulation over 2 months (~0.08% of supply) meanwhile ~$120m/y in buybacks
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Vance Spencer@pythianism

Stablecoin Development Corporation is a hugely ambitious effort to acquire, organize and provide access to Stablecoin Cash Flows, starting with $SKY This effort is backed by @tether and @SkyEcosystem, the #1 and #3 stablecoin issuers, who are partnering strategically

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Nay@gmnay_·
Positioning-wise $MORPHO is one of the few coins actually getting bid by liquid funds in this market, while at >70% insider dominance and almost 50% of insiders still unvested liquid funds now hold >2x all CEX + retail brokers balances combined. not a normal setup
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Jordi in Cryptoland@lordjorx

Don’t confuse a great protocol with a great investment. With $6.7 billion in TVL, @Morpho has proven it can dominate even in a mercenary market. However, we need to take a deeper look at the revenue switch we mentioned earlier today. They currently generate roughly $121 million in annualized interest, but exactly zero goes to the protocol. It all goes to LPs and curators. The only thing keeping the token’s $2B FDV alive is "narrative optionality", the hope that the fee switch will eventually be flipped. But this "hope" is mathematically dangerous: > The code allows for a 25% fee switch. At current numbers, that’s $30M in revenue. Even with a generous P/S ratio of 25, the "fair" valuation would be around $750M. If they only take 10%, the token would need to drop over 70% to reach a rational price. > Governance is controlled by a tiny group (essentially 4 entities). Gauntlet, one of the main voters, already earns $6M–$12M in fees as a curator. Why would they vote to give a slice of their pie to token holders? > The non-profit behind the protocol has spent hundreds of millions without a single audit. The CEO’s stance is clear: "reinvest everything." Translation: token holders are basically financing the protocol’s future while having zero say and zero yield. > Even the Apollo "buy-in" isn't what it seems. They are buying 90M tokens over 48 months (essentially buying the company through the back door), but it's happening via OTC deals directly from the treasury and the association. This doesn't create buy pressure on the open market. Meanwhile, a 23% increase in circulating supply is coming in the next few months and this buys will only absorb an 18% of this. Morpho is a 10/10 protocol that never needed a token. People are buying into a promise that, if ever formalized, would likely cause the price to collapse.

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Nay@gmnay_·
@fmorisan thanks, it's @inflecta_io, currently in gated alpha there’s a request access flow on the site, or feel free to DM me
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FΞLIPΞ 🦇🔊☀️
FΞLIPΞ 🦇🔊☀️@fmorisan·
@gmnay_ Great insight! May I ask where this data comes from? I’d like to check SDEV’s onchain activity myself
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Nay@gmnay_·
@DegenMack thanks. it’s a mix of onchain behavior classification and entity attribution
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Mack 🦾
Mack 🦾@DegenMack·
@gmnay_ gud data. do you know how they measure "liquid funds" or how that's tracked?
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Nay@gmnay_·
Now compare with $ONDO Korean venues alone ~8%; top holders are retail-heavy exchanges or retail brokers. Liquid funds own ~0.2% retail demand is consistently met by treasury/insider supply
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Nay@gmnay_·
@0xbasedalex could be that someone knows something, or Apollo actually putting their money where their mouth is this buyer has been accumulating for a while. they held the price around $2 in Nov ’25, for example. earlier buys also point to the same entity dm me for early access to the app
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basedalex
basedalex@0xbasedalex·
@gmnay_ So how do you personally interpret this data? (btw what's the app?)
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Nay@gmnay_·
@soheilmomeni happy to share early access if you want to check it out
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Somo
Somo@somonaut·
@gmnay_ can i know what's this dashboard?
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Nay@gmnay_·
@0xSammy @freysa_ai Nice explanation, but it’s up because algod tweeted about it
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0xSammy
0xSammy@0xSammy·
Remember @freysa_ai (FAI); the AI bot that was appointed as Albania's minister for public procurement? It's up 3x Why? FAI's "Silo" enables users to create an AI interface for a PRIVATE digital twin Traders are chasing the privacy AI narrative following recent centralized model positioning with concerns around mass surveillance First VVV (Ask Venice), now Freysa If you trawl through the rest of my timeline you'll find other gems Beauty of being in this sector for the past few years is I have it all in my noggin, in a well labelled mental filing cabinet Do you want me to pull together a list of the leading open source decentralized models?
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0xSammy@0xSammy

This is wild. Albania has appointed an AI-bot named “Diella” as a minister, responsible for public procurement. The idea is that, being virtual, she can’t be bribed, threatened, or unduly influenced. Who recalls @freysa_ai ($FAI)? Freysa was socially engineered into releasing funds. What are the odds someone tricks Diella into granting govt. contracts to corrupt suppliers?

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