SoloTrader

@satoxis It won’t happen. Delete this post while you can. Posts like these make a lot of people lose their money.

x.com/i/article/2024…

post-mortem on $ST (@the_small_thing) crime. I believe most of you just saw something weird on $ST chart. token dumped -50%, then recovered in minutes. sit comfy, it's gonna be really interesting (tl;dr: coordinated attack). --------------- The Beginning --------------- on Nov 3, $ST agent was stealth launched on @virtuals_io . it made 500k -> 11mil run run. nobody knew anything until the tops. so let's start the research of "insider?" trading and manipulations. all these wallets (you'll find out more details later in the thread) were funded from Bitget loaded tons of $ST tokens right at launch: 1. 0xcDBB4b4bDb9d3Df0e59C810F9b1A149173C2C1E5 == 8.2mil $ST. spent: ~2.4+0.95=3.35eth. withdrew: 1.43eth 2. 0x946eb45a5931aB58FB106f434436543E750425B4 == 7.6mil $ST. spent: ~3.45eth. withdrew: 1.88eth 3. 0xFAA65C0810fC3c77666C8FD7cDbF8232C2637153 == 7.1mil $ST. spent: ~3+0.478=3.48eth. withdrew: 1.99eth 4. 0x3C604Ce7F51e94F6b3f51792F9AB5649060cD3cC == 7.8mil $ST. spent: ~2.18+1.3=3.48eth. withdrew: 2.2eth 5. 0x4C5bD6D9D737f839d88337cA7C13d674d7375e51 == 6.6mil $ST. spent: ~2.25+1.33=3.58eth. withdrew: 2.18eth numbers of $ST you see from above are net value that been held right before the dump. these wallets also sold perfect top of $11mil to cover initials. each wallet bought 3.4-3.5eth worth of $ST. considering (spent_amount-withdrew_amount)$/total_tokens_held "formula", we get the following "avg entry mcap": 27600/38000000 == $720k mcap, 38mil tokens (3.8% of the supply). numbers are rough, since it would take too much time to do the right maths, but you get it. Bitget deposit wallets all of them used: 0x463b09436EEa56710495D50F470C40FBdA49b31f --------------- Dump Rally --------------- Today, at 14:41 (UTC+0) dump happened. all of these wallets market sold their $ST holdings. >10 transactions per wallet, 2 blocks difference between each other. at this point I can be sure it was automated: >38mil $ST were market sold in a minute. price dumped from $4mil mcap to $1.7mil. the most interesting part here? all of these wallets re-bought $ST pushing it back to $4.8mil: they got much less tokens. right now it's ~25.3mil $ST. net loss: ~13mil $ST. what was the reason of making this move? nobody knows it seems. cabal? maybe ------------------- ah, almost forgot. $ST was launched on Nov 3, ~13:00 UTC+0. all of these wallets were funded on Nov 3, ~05:00 UTC+0 (then on Nov 4 to buy more). ------------------- DYOR NFA as they say.

⚠️ Need Clarity on Genesis Rules ⚠️ CT is split: some say it’s FCFS, others say you can still get in after 100k. I’ve read the doc over and over, and this is what it literally says: “Raise thresholds are 21,000, 42,000, and 100,000 $VIRTUAL. … Any contributions beyond the highest threshold are automatically refunded.” “Any unused $VIRTUAL and points automatically refunded … Refunds also occur if aggregate commitments overshoot the highest tier reached (e.g. if pledges land in the 42K tier but 62K $VIRTUAL was committed, the 20K excess is refunded).” To me, that clearly means: 👉 If pledges go over 100k $VIRTUAL, the raise locks at 100k. 👉 Anything pledged after that is instantly refunded (points + $VIRTUAL). 👉 You only get allocation if you were in before the cap. In plain words: yes, you can still click pledge after 100k, but you won’t get tokens, the system just refunds you. Am I not reading English here? Is this some hidden mechanic or am I being dumb? Read it yourself: whitepaper.virtuals.io/about-virtuals… @virtuals_io @everythingempty @ethermage can we get an official clarification? Because if the system works differently from what’s written, the docs need updating. Until then fam, digest the doc yourself, and please prove me wrong if I’m missing something!