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You are missing that only xyz trades in USDC. The others are using USDH or USDE. I only trade xyz because their perps have the best volume and I am not interested in configuring for multiple currencies in my bots... and I would not touch USDE with a ten foot pole. No idea if it is mostly sybil farming or not but, there is a reason people mostly trade xyz.

Unpopular take: on-chain metrics suggest a large portion of @tradexyz's volume and user base is sybil wallets farming an anticipated airdrop - not organic trading demand. 92.5% of XYZ addresses have never placed a single trade on any other HIP-3 deployer. In a nascent, novel market category - where commodity, equity, and other perps have only existed on-chain for six months - it is difficult to explain why organic traders would not explore even once with a single trade another deployer. 44% of XYZ addresses have never made a single trade on HL before trading on XYZ. These aren't net new users who discovered on-chain perps through XYZ and then went down the rabbit hole from there - they're wallets created specifically to farm it. Lastly, HL ecosystem alignment is the weakest of any deployer. Only 7.6% of XYZ wallets hold some form of staked HYPE, vs. roughly 50% of @Markets_xyz's user base. If you're here for an airdrop and nothing else, there's no reason to hold staked HYPE. What am I missing?

The number of oil tourists slaughtered by the Twitter geopol accounts is over 9000

@NikLentz @nickgiva1 It's remarkable how many major fintwit accounts bought into IRGC propaganda that was uncritically amplified by the media. They actually believed Iran was winning the war. These are supposedly very smart people.

@nickgiva1 A lot of people exposed themselves believing these goofs. Also lost a lot of money because of it.... 😅

All Iranian public claims about the talks have been false. Every single one, since the very start. It's all for internal consumption, so they seem to be in control. They are not.

You can pump a $50M coin to $1B with $1.5M of real buying. Scott Phillips (@ScottPh77711570) on how new token listings actually work: "There's a huge industry of market makers operating out of Dubai. Their business model is: we're gonna pump your coin, and we want 30% of the profit when we dump it on exit liquidity day." "They run the ball up. Buy, sell, buy. Create momentum ignition. Retail finally buys in the middle of a bull run — and then it dumps." "Buying 20-day highs works best on the top decile. By the fourth decile, you get negative momentum effects." "Anything in the bottom 20% of market cap on Binance perps that makes a 20-day high — short it. That is a very strong edge." "The market maker contract runs 90 days. It's priced as a call option on the 7-day VWAP after launch." "Once the strike kicks in, delta hedging from market makers drives these coins down." "Wait 7 days. Short it for 90 days. I kid you not." "That's not an edge big enough for institutional. That's an edge for retail guys with a small account."

@merrittblack Trading ATHs is always interesting with no structure to rely on. I certainly have noticed all of the people trading macro narrative have been pretty damn quite for a few days. Now they have moved on to saying "blow off top." 🤣

Don't be fooled. Not everyone is becoming a geopolitics and shipping expert at the bottom, and not everyone is running stats on the unprecedented move up at ATH's. Some of us are just trading.

@WhiteWhaleLabs I am honestly kind of impressed how you managed to just rug the same coin for the second time. I think people may have underestimated you. Good for you for really embracing that villain role.

The Memecoin Journey - A Debrief (Secrets Revealed) On December 7th, I made what hindsight has shown to be a huge mistake. I CTO’d a meme someone had made using my image/likeness without my authorization or participation. I did so with the purest of intentions. Ironically, I said often in the beginning that one of two things was going to happen: I would personally end up being everyone’s exit liquidity, or it was going to absolutely moon. Turns out both things can be true at once. What Happened While it is true that I’ve personally put more money into the trenches than any single individual ever, with hundreds of thousands of dollars given away and multiple millions invested into the chart, I could not escape the curse I was warned about: people will blame you for every red candle. The mental health strain, combined with real-life issues that are still ongoing, became too much to bear. I would not recommend running a coin to anyone, and I understand now why 90% of people who launch coins are simply in it for the max extraction game. I saw firsthand how this space can corrupt people, and I now understand how people end up taking on a villain arc. I was never tempted to take on that villain arc. It’s just not in my DNA. But for the first time, I could understand how people get to that place. What happened was simple. Between personal issues and running this coin, I got to a very dark and dangerous place. An Apology First, I owe everyone an apology. For not being strong enough, I am sorry. I misjudged the response of the trenches. I believed in my heart and soul that the best thing I could do, considering I had to walk away, was to lock over half the supply - supply I had spent a LOT of my personal money to acquire. After all, I never wanted it to be about me in the first place. I wanted it to be about what the movement stood for. And I genuinely believed that removing the question mark that always sat in the back of some people’s minds about the Treasury wallet was the best parting gift I could offer. A final “fall on my sword” moment that would be incredibly bullish for the holders. Instead, it had the opposite effect. I posted my goodbye message and logged off assuming some sort of God candle was being printed. But I forgot a core truth: markets hate surprises. I also owe a sincere apology to my dear friend and personal mentor, @Evan_Mann . I have a few mentors in this space; however, Evan has been mine for the longest, and I had developed a sincere friendship with him. When he initially warned me not to do the CTO, for reasons that ALL came to pass, I didn’t like what I was hearing. I pushed him away and eventually stopped talking to him. I incorrectly mistook his sage wisdom and guidance as a lack of belief in me. Even though we are long past the days of Evan teaching me the history of various blockchains - yes, I’ve been with him that long - Evan remained a trusted and valued friend and mentor to me, often counseling me on big-picture matters. Because no matter how far you go in life, or how much you learn, I believe everyone can benefit from solid mentorship to keep them grounded and focused on their journey. So Evan, for pushing you away, I’m sorry. The Core Problem In my parting message, I mentioned that PumpFun was a cancer to this space. It’s true. The entire engine is designed to profit Pump, not traders, not even serial deployers - PumpFun itself. They do not care about anything that doesn’t feed them. And they feed on volume and volatility. Everything from how the bonding curve is designed to the liquidity design and shape of the PumpSwap pool is meticulously built to bring them maximum profit. After surpassing $100M MCAP, on the climb to $200M, I was involved in a group chat with many from the PumpFun team. We had broken the nine-figure curse, and this thing was just exploding. I wanted to strengthen my relationship with Pump and see what they might be able to do to help us out. I knew they were the mafia, but I had an obligation to my holders to do everything I could to help the coin succeed, even if that meant dining with the devil to see what the devil could do for us. They were excited to chat with me and eager to hop on a call to present their multi-point plan to help the coin succeed even further. Then Penguin launched, and the group chat went silent. They ghosted the call we were supposed to have. After doing some on-chain sleuthing, it became readily apparent that Penguin had some outside support. I highly suspected that outside support was coming from Pump. I followed up with a message along the lines of, “It’s okay if you guys are going in another direction, I just want to close the loop on the conversation,” at which point they came scrambling back to me. I eventually had the previously scheduled call, but with only one member of the team. I again laid out the areas where we needed help. I diplomatically tried to thread the needle without putting them on the defensive about the liquidity shape issue. I said we could really use some downside support, as the liquidity shape hard-coded to Pump tokens is “thin air” below. This was when the first big reveal came. I was told this should not be public knowledge, but he admitted to me during that call that they do internal market-making on some coins to “help them out.” Then he dropped the bombshell that they had already invested $800K into the project at “about a $70M MCAP” using their market-making services. I said, “I probably already know which addresses are yours, as we run very tight monitoring,” and his knee-jerk reaction was to laugh. He said he found that highly unlikely because they spread it across multiple addresses. I asked how many, and he paused while I heard some tapping away on the keyboard. 436 was the answer. Almost as if he felt he had shared too much, he quickly followed it up by saying, “We do this to help the coin go up,” but in the same breath said, “We run a delta-neutral strategy.” Both of those things cannot be true. You cannot remain neutral while still having a goal of “number go up.” But it begs the further question: why is the casino out there disguising itself as players in the first place? It most certainly isn’t for the benefit of other players, as the track record shows clearly. They do nothing that doesn’t directly benefit them. After that call I was promised a follow up with an action plan in a few days. They went back to ghosting me and that follow up never came. Inorganic Price Discovery When ByBit decided, of its own accord and without including me in the conversation, to list us on perps, I was immediately terrified. As a trader, I know that perps drive price action more than spot does across the board, especially on lower-MCAP coins. It’s almost impossible to compete with leveraged dollars on spot, not when someone can spend $10 of real money and have $500 worth of notional buying or selling power. We quickly identified the on-chain wallet addresses for the perps market maker and quickly identified their method of hedging. While various market makers employ various methods, this market maker consistently hedged on-chain WITH the direction of the trade. So if someone longed, we would see their wallet addresses immediately buy spot. If someone shorted, we would immediately see their wallet addresses dump spot. Because they transferred spot to and from CEXs, it was impossible to know how much spot they had acquired for their operation, at what price, etc. But they always seemed to have supply, and it didn’t come from us. The problem is that perps already have a short bias toward memecoins to begin with. Add on top of that the fact that we were clearly in a bear market, and the amount of sell pressure that came directly from ByBit perps was nothing short of a colossal, consistent downward boot on our necks. This is really hard to counter. One could simply assume that I should have encouraged everyone to just go long on the token on ByBit. But the problem is that when that long closes, it results in a sale on DEX, whether it closes because someone reached a take-profit point or because a long got liquidated. With that knowledge, one would assume that everything should end up equal in the end, right? But no. The persistent waves of shorts caused sell pressure on the chart, which spooked spot holders. So the perps activity never truly ended up being a neutral force as positions opened and closed, because spot holders continued to lose confidence in the chart. Not to mention, there seemed to be an endless supply of short sellers. At one point, there was $55 million in open interest on our token. I can’t even begin to compete with that kind of buying and selling power. But I tried. I tried my best, and lost another six figures of my own money in the effort. Many days I was successful. But over the long term, I simply couldn’t overpower design mechanics: being soulbound to the PumpFun liquidity architecture, plus the power of perps. Every day was a constant battle of David vs. Goliath. Bleeding my own cash reserves endlessly, only to be met with a thousand people asking me, “why chart go down?” and “What are you going to do?” What’s Next? That remains up to the community. I have not touched the treasury wallet since my sign-off, nor will I. LP operations continue to be run by a trusted friend. Yes, I heard there was an accidental sell by the treasury wallet the other day, with an immediate repurchase after. We all make honest mistakes. I accidentally have done a wrong-way swap in the past as well, but no one ever noticed at that time. For my own sanity and peace of mind, I will not be engaging in any commentary or discussion about the token moving forward. What I will do, slowly and as my real-life struggles allow, is re-emerge here on X as my old self. Talking about important topics and finding my way back to some peace. I believe the best thing I can do for anyone at this point is simply be my authentic self, as that’s what a lot of people were attracted to in the first place. I gave all of myself to this, including flushing away more money than has ever been spent by any dev in the history of the space. I never promised a specific result. I only promised to do the best I could. And I did, up until the point it almost killed me. I hold no shame for that, because I know what I did, even though a few loud voices would like people to believe otherwise. And at the end of the day, the person I will always have to answer to is the person I see staring back at me in the mirror. This space is wild, though. And what’s old becomes new again. So do I think this is the end of the coin? No. My gut says it’s not. It’s simply the end of me risking my sanity, my entire savings, my daily reputation, or my life for its performance. It will do what it does, what the people will it to do, and I'll be the best example of my personal values that I can be. Personally, I will never be buying a token that ends with the suffix “pump” again in my lifetime. 🫡 From the depths — The White Whale 🐋

@frankdegods Right now Codex is far ahead of Claude that I am not sure this statement holds up very well.

the sooner you accept anthropic is the main character the simpler life becomes

@ZigsOnTheBid @DrDeannaCole This is the correct answer.

@DrDeannaCole Yeah, you just delete it then download Sierra Chart, and then it's fixed.

Will someone familiar with @NinjaTrader please help? On every platform I have ever used the candles are labeled at the time they OPEN. On NT8, candles are labeled with the CLOSE time. Is there a way to offset so candle time matches every other platform?

@hyperbridge Someone used your protocol to swap at the quoted prices and now you are trying to extort them to get the money back? Fuck off scum. Your protocol's days are clearly numbered. No one who sees this thread will ever use your shit protocol again. Good riddance.

During our ongoing investigation into the April 13 Token Gateway exploit, we have identified that a number of regular Hyperbridge users, distinct from the original attacker, also withdrew funds from the DOT escrow during or shortly after the incident. After the attacker drained the pools, the price of DOT in those pools became severely distorted relative to other assets. This meant that a small amount of another token could be swapped for a disproportionately large amount of DOT, which some users bridged back to Polkadot. Whether or not this was done with full understanding of the circumstances, these funds belong to the affected liquidity providers whose pools were drained. We are offering a 14-day voluntary return window. Funds returned to the address below will be treated as good-faith acts. Return address (Hyperbridge Sovereign Account): (assethub-polkadot.subscan.io/account/13cKp8…) After this window closes, wallet addresses still holding unreturned funds will be referred to law enforcement alongside the on-chain evidence our forensics partners have compiled. These wallets have been identified and their full transaction histories are documented. If you are unsure whether this applies to you, or if you need assistance with the return process, reach out ops@polytope.technology.

Once you peaked by luck, there is a very low chance you peak ever again, so then Keep Yourself Safe is a good solution, sadly

@Stoiiic Yes exactly... so many possibilities to work on that there is never enough time. It is great time to be alive. At least for now, until they start actually charging us the actual cost for the compute. 🤣

anyone feel like there's not nearly enough time in the day? the gap between having an idea and turning it into reality and being able to iterate on this loop in lightspeed opens up endless possibilities. opportunities everywhere to create and innovate. abundance.

@sdav1986 For my ears, of all the music from that time period, the Scorpions is one of the few that I sill love to hear. Most of it feels dated and worn out, but the Scorpions still hits me like the first time I heard it.

👌👌👌

@paoloardoino Tell me when it is on desktop. Not all of us are fucking 14 year olds staring at our damn phone.

"tether me some dollars" is now common saying. tether.me 💸

three dead simple edges in macro etfs you could trade with a goddamn potato. . . . if you understand how edge is created in markets, you can do the simplest most neanderthal stuff and make money. i’m going to show you three dead simple edges that you can trade in spy and tlt.

@ScottPh77711570 I have felt pretty damn heroic managing to eat through and keep my weight up on the tirzepatide. I feel like the fucking pussies who lose weight on that shit just don't have what it takes.

Eating through the reta is heroic Like playing with broken ankles

@MichaelAArouet How can importing other completely alien cultures save "Poland"? At some point once the alien culture has taken over they will choose a different name for what used to be Poland. You make a lot of good points in general, but your position on this topic makes no sense whatsoever.

Number of work permits for foreigners in Poland. Isn’t it funny that the right-wing, Orban-supporting PiS party seriously claims that they want to protect Poland from immigration? After all PiS did the right thing, given its demographics Poland needs immigration.

If Saylor hadn’t been hopeless and on the verge of bk he wouldn’t have bought BTC If Kanye hadn’t crashed out he couldn’t redeem himself If Trump hadn’t been deplatformed and shot at he wouldn’t have won The world can take away your youth. Your success. Your access. It can cancel you. Bankrupt you. Destroy your health. Or even try to kill you. It can seem hopeless But if you can wake up. You can keep going and fight. It’s not “what doesn’t kill you makes you stronger.” It’s that when you’re stripped down to nothing you truly understand what it means to leave nothing on the table. You can go to a brink that other people can’t fathom. The truth is the world is cruel and it crushes a lot of people. And when you do get up it means something to the people who were left behind and couldn’t manage it Deep down we want to live in a world where redemption is possible. And that belief is fuel when you decide to draw a line in the sand and keep going. Trump is doing so much crime in office he’s got to pardon everyone. Kanye is still insane. Saylor is running increasingly complex and strange financial games. It’s not morality that keeps people engaged with these men. And it’s not what makes them great. It’s that - so many ppl were in the same place as they were at their lows - and at some basic level we want to believe it’s possible to still win without the blessing of the machine that destroyed us And it is. It’s not pretty and it’s not the same the second time. You do things you’d never have considered before. What you lack in energy and optimism you make up for in the simple brutality of having seen the depths and come back So see it clearly and don’t flinch from it. Both can be true. Redemption is possible. And when you rise again you won’t recognize yourself

@AntoineRSX @OpenAI Fucking christ I hope so. Ever since I had to switch to GPT 5.4 my OpenClaw has been totally useless to the point I am considering just shutting it down. It just refuses to do even the most simple task correctly.

I don't know what was the silent update from @OpenAI but my OpenClaw and Hermes are 5 times smarter today.

Long one today on "market maker privilege" Packed with story, opinion, and gritty details of the way things work. Including this very hard to find picture of the AMEX floor when it was open moontower.substack.com/p/market-maker… cc floor traders who are time-for-a-colonoscopy years old

buying vix futures when they get dirty cheap i've mentioned a few times on here that vix futures tend to get dead cheap when unexpected bad news hits. i wrote about how you can trade this in an incredibly simple systematic way.