Crypto Alman Ape 🚀

We‘re europoors but at least we have the euro summer

Ich möchte mich mit mehr deutschen connecten im Space. Wenn du deutsch sprichst kommentier einfach und ich folge dir brudi

Steve Aoki is out of the market. Steve Aoki, DJ and former NFT Influencer, just sold $30K of SHIB and ETH, moving the proceeds to Gemini. He still holds 7 Bored Ape NFTs that he paid over $800K for in 2021. They are now worth only $13.8K each.

If the Strait of Hormuz stays closed and nuclear war breaks out, you die. If it opens back up, markets recover. So if you don’t buy, you either stay poor or die. If you do buy, you either get rich or die. Might as well buy.

🚨 THIS MIGHT BE THE END FOR SOLANA!!! I don’t think people understand how serious this is yet… If this goes through, solana might drop below $5 in the next 2 years. I spent 12 hours digging through court documents and let me tell you… This doesn’t look good, I’ll explain: Over the past few days, a federal court allowed a second amended class-action complaint to move forward involving PumpFun, Solana Labs, and multiple Solana-linked entities. This isn’t CT drama or anything like that. This is literally a U.S. court saying, “There’s enough here to pursue legal actions.” The core allegation is brutal. Plaintiffs claim insiders were given structural advantages during memecoin launches using Solana’s validator setup and transaction-priority tooling. Basically, the accusation is that certain players were able to buy first, cheaper, and faster, while retail was pushed to the back of the line and left holding the bag once prices exploded and then collapsed. If that sounds familiar, it’s because it’s exactly how most people experienced PumpFun. Huge green buy button, price goes up and then seconds later it’s over. Insiders sell for profit and retail loses everything. The lawsuit argues this wasn’t bad luck or bad timing. It claims the system itself made this outcome inevitable. Why this matters for Solana specifically is the part almost no one wants to talk about. The complaint doesn’t just target some random apps built on solana. It directly ties the alleged behavior to Solana’s validator structure and the tools that control transaction ordering. If that argument gains traction, Solana isn’t just hosting bad actors… but it becomes part of the mechanism being questioned. That’s a completely different level of risk. If regulators or courts decide that these launches functioned like unregistered securities, or that the infrastructure enabled unfair market access, Solana’s entire “fast, cheap, permissionless” narrative becomes a liability overnight. At that point, it’s not even about memecoins anymore. It’s about whether institutions, funds, and serious capital want exposure to a chain under active legal and reputational fire. Now here’s the part that really scares me the most… A massive portion of SOL isn’t owned by retail. Roughly 45-55% of the circulating supply is held by insiders, early investors, VCs, foundations, and institutions tied directly to the Solana ecosystem. Imagine what would happen if they decided to sell everything at once… People asking “can SOL really go to $10?” are asking the wrong question. The right question is what happens to valuation if everyone loses confidence? Crypto doesn’t price assets on fundamentals during stress but it reprices trust. When trust is broken, the price crash massively. We’ve seen this movie before. FTX. Luna. Celsius. All had different mechanics, but the ending was the same. Once the market decides something is structurally broken, liquidity vanishes and price goes close to ZERO. I’m not saying Solana is finished tomorrow. I am saying this is the first time Solana’s core architecture is being questioned in a legal setting. That’s a line you don’t want crossed if you’re invested. If this snowballs, if discovery exposes more than expected, or if regulators start circling instead of watching from a distance, downside scenarios that once sounded ridiculous stop sounding so crazy. Watch this carefully. Because if this really is the beginning of the end, most people won’t realize it until it’s already too late. I’ll keep you updated over the next few days. When I think it’s time to dump your Solana, I’ll post it here publicly. If you’re holding SOL, you’ll wish you followed me sooner… trust me.

As much as social media has devolved to people just shilling their bag endlessly, let me give my take as someone who has no horse in the race. I agree with WhiteWhale that an event like 10/10 exposed yet again how shitty perpetual futures are. It relies on 24/7 liquidity which can't be promised, and when a dislocation happens, market participants well positioned have incentives to encourage liquidation cascades. You can take the "standard view" that someone like Flood has argued, that everything is working as intended, that orderly liquidations are necessary for the operation and the health of the protocol, and maybe even that the newest generation of people that work at HL that are familiar with market making microstructures and how latency affects HFT and so on, know how to design perp products that are far more efficient. All that is true. However, zooming out, the fact remains that perp, like almost everything else in crypto, has been a massive value extraction on crypto. Wipeouts like 10/10 are not a "design flaw", they are a feature that benefits those buying your liquidation. What makes this source of edge insidious is that it is not well understood by the player. Similar to martingaling - a lot of negative-EV is concentrated on 1% outcomes where you go bust, that are ignored or unknown to the player. This becomes a "don't tap the glass" moment where once most realize how the game works (buy other people's liquidations), they simply seek to position themselves as the casino or advantaged party. But there are other ways for participants to buy and sell delta that don't result in huge liquidation blowups every few months. Again, people have not explored or created these options because it is far more lucrative to simply offer perp to a "mark" who doesn't understand the well-designed carnival game. Back to perp, this is a product that similar to poker sites or casino sites, has so few winners. The PNLs are horrific, literally everyone is losing. In 2021 there were guys with heavy PNLs (myself probably most famously), and for better or worse the concept of being a successful and winning trader at perp, in the way that retail will play (ie. clicking longs on a browser - not farming funding or automated trading) was alive. By 2025, casinos like Binance, even though they desperately want one, can't even find one decent poster boy to look the part of a winning punter. Their best KOL is James Wynn, a blathering, idiotic gambling addict who punts a 40x long on his $10k KOL check to get liquidated for the 50th time while spouting drivel like he is somehow a boss or even relevant. This isn't sour grapes by the way. I've made plenty of money trading, then and post-FTX when I was forced to rebuild. I understand a lot about it. But at this point all of this shit needs to be called out as a giant extraction scheme and needs to go to hell. "CT" and even the broader social media ecosystem is slowly devolving into everyone trying to induce each other to gamble their life savings away. I'm not saying I'm any better. But we are on a road straight to hell.