Backpack TGE tomorrow. I've been trading it on @Polymarket over the past few weeks.
My average entry into "no" at $500M USD FDV was around $0.40 USD. Currently up 3–4x, but I've taken profits along the way.
Given the current bearish environment for TGEs, this was an easy "short".
However, I'm closing all positions going into TGE day tomorrow, as FDV can always be manipulated in the first 24 hours after launch (see Moonbirds)
I‘m seeing a path again.
A few years ago, it was this path in crypto that hooked me, the possibility of it all.
But over time it faded, the opportunities became more short lived and fewer.
Recently, a new path opened up to me, so see you on the other side.
Oh man this is bullish for Polymarket users
Let's calculate the potential airdrop w. the new valuation:
> $20B FDV
> 10% airdrop
> 1.3M eligible wallets (users w. min. 10 trades)
That's an average airdrop of $1,538 🤯
even crazier to think that 1.3M users likely won't be eligible
& the smaller the pool of eligible users, the more active long-term Polymarket users will eat
& I also think Top 5% of users will get significantly more
To make the Top 5% now you need;
> $95k in volume
> $204 PnL
> $1 in LP rewards (Top 3% of total users)
So anon, are you bullish on Polymarket yet?
Compete for the $200K reward pool with the dYdX Affiliate Booster Program!!
So what is it all about
A campaign running from Feb 18 to Mar 18, 2026, rewarding affiliates from a $200K pool based on trading-volume milestones between $1M and $100M.
How to participate
➥ Register for the program
➥ Refer traders
➥ Generate volume (BTC & BONK count 0.5×, others 1×)
How to be eligible
➥ At least 5 new referred users
➥ Hit a volume milestone
➥ Rewards distributed after the program via CLC through the Grants Program
Join now while you can, registration closes March 18, 2026.
For the first time in over a year, a new Original is going live on Shuffle today!
Guess what game we're launching and I'll pick 5 random correct answers to win $1,000 each, good luck...
Airdrop Alpha by ₿R4ted.
@RobinhoodApp has dropped a blockchain testnet on February 11
It's a Layer 2 built on Arbitrum (my fav L2) for financial services and tokenized RWA
Quick Facts:
- Layer 2 on Arbitrum, secured by Ethereum
- 100ms block times, it's built for high-throughput financial apps
- Backed by $5.77B from Sequoia, a16z etc
- Testnet is live now
- $1M committed to Arbitrum Open House program
Is there an airdrop?
No confirmation. But it's a major L2 backed by Robinhood with 24M+ users.
If they follow the standard L2 playbook (like Arbitrum, Optimism), early testnet users could eat gud imo.
How to participate (it's free):
1. Claim testnet tokens from official faucet
2. Deploy a smart contract
3. Register a .hood domain (optional)
4. Interact with OnchainGM send messages, mint badges
5. Track activity via Robinhood Chain explorer
6. Stay active consistently (not just one-time farming)
Mainnet expected in coming months. I think it's worth explorinng.
Bookmark & turn on notis for more alpha.
"HYPE will go up"
Most traders on CT have the same conviction structure: "I think A outperforms B."
But almost nobody actually trades it that way. They take the naked long on A, eat 104% annualized vol, get stopped out on a wick that had nothing to do with their thesis, and blame timing or excess leverage (the leverage part might be true).
The structure of their bet was their problem.
The value add from pair trading has become increasingly obvious to me over the last few months as crypto has traded lower.
For fun, I've spent the last few days building out the case for pair trading in crypto, using HYPE/SOL as the case study because it's a trade half of CT has had on in some form over the past year.
The results honestly surprised me. Same thesis, same conviction, just adding a short leg on SOL against the HYPE long, and the Sharpe goes from 0.35 to 1.45, and your trade is ATH right now while $HYPE is down ~40% off its ATH.
The pair is sitting at its all-time high today. Neither HYPE nor SOL are. If you were right about @HyperliquidX being a fundamentally better bet than Solana, the pair captured that and only that. It didn't care whether BTC was at 60k or 120k.
I have changed my view on portfolio positioning over the last few months given the bear market and the inability to "hide" from drawdowns in naked single asset positions. I was frustrated that I could be right on my thesis but get absolutely worked over by the market. And this is largely why I have been pair trading more. A pair trader can profit even during severe drawdown because the relative thesis (HYPE outperforms SOL) holds regardless of market direction.
Over the course of almost a year, the HYPE/ SOL pair delivered a Sharpe ratio of 1.45, institutional quality, while cutting max drawdown from -64% to -45% and volatility by 21%. The directional trader with the correct fundamental view earned a Sharpe of 0.35. The pair trader earned 4x better risk-adjusted returns by adding a single short leg.
For those with this position, the thesis never changed and you were right and mitigated vol. Pair trading isolates the alpha you actually have (or the alpha you think you have) and discards the market noise you don't want.
As crypto matures, garbage assets go to zero and high-quality operators build trillion-dollar businesses. In that world, pair trading becomes even more obvious and advantageous.
You can place these trades on your preferred perp dex or use an onchain OEMS. However, with basket trading, an OEMS helps out a lot.
In a forthcoming companion piece, we extend this framework to multi-asset baskets, demonstrating that the same variance cancellation principles can compound with additional legs, reducing volatility from 104% (naked) to 82% (pair) to 57% (basket), with a Sharpe of 1.80.
@Euphoria_fi My favorite trading story has to be when i ''accidentally'' forgot a limit order open on $ XAG (silver lul) and somehow it hit overnight and i woke up in unexpected profits.
The size wasnt size but free money is free money.
(ofc the opposite has happened as well 😠)
No access yet?
Reply to this tweet with your favorite trade story.
We're DM'ing 100 codes today to our favorite ones.
Full competition details + rules can be found here:
docs.euphoria.finance/euphoria/tapat…
@0xRohitz Realistically countries with lower salaries and level of life will have more people that are willing to scam, do shady things for money.
This doesnt mean that people from wealthier countries wont. But $ have different value depending on where you live.
Why so much hate toward Indians and Nigerians?
Some CT accounts just target these audiences to farm engagement.
There are scammers, ruggers, quick flipper and grinders in every region.
Stop farming engagement by putting Indians and Nigerians in your tweets.
Only 2 days left before Netizens mint :3
Tomorrow we finalize the whitelists... if you're still missing one this is your FINAL call.
Drop your EVM wallet under this post and pray !(◎_◎;)
If you believe in crypto reaching new highs then this drops and the drops to come are a blessing
you are now more knowledgeable about what to buy and what not and you are getting a better entry every minute
@icobeast The good think is that INK will most likely launch at a higher FDV, than Extended or Variational, the current imo competition, so the lesser airdrop allocation amount is balanced by the higher FDV
Still tho, every perp feels overfarmed and not really that attractive anymore
@icobeast Daily volume is at 828m (and their taker/maker fees are at 0.035/0.01) so def not underfarmed.
Also (imo) INK wont airdrop more than 5% to NADO points holders, probably less than 5.
You are basically paying high fees for a small portion of tokens