Study Covid crash Study liquidiation events Study Emergency intervention It’s gonna be ok friends Survive

Ok goodnight if you are down bad go touch grass close the screens until number go up technology gets turned back on

Btw if you’re bullish eth flows due to ETF (I’m not sure but it probably becomes a narrative at *some point*) This is likely generational buying op NFA GL HF ILY

To the new class this is a fraction of what we felt during the Covid crash btw Bitcoin literally was down like 50% in a <24hr period it was so fucking over From the ashes defi summer was born Lesson there

Understand yourself and you beat the game

If you are feeling panic right now it’s probably not the time to puke Even if you thought the cycle top was in (I don’t) mean reversion bounces happen after large liquidity grabs

People starting to lose hope and capitulate Meme coins for the most part getting absolutely bodied People suggesting the cycle is different this time Few more liquidations then UpOnly

Narrator: it was not different xitter.cf/degentrue/status/18016…

All you guys bitching at @PrimordialAA for the fee associated with LZO There is an argument to be made that you have a cost basis in a token sale In that argument the proceeds from the tokens you SELL now become capital gain on sale instead of ordinary income on CLAIM

People are funny man you interact with a protocol doing things that you would have done regardless That protocol gives you the equivalent in $ terms what normies work weeks to months of their lives for Pitchforks We are more fortunate than a large % of the world

Is there something that predates layerzeroscan that will show all txs easily? Have wallets that I know for fact were used on stargate in late 22 but not showing up CC @PrimordialAA

So if L0 is linear based on fees paid Total revenue according to dune is $111,808,391 Total tokens for just core is 5% = 50M 50M / $111,808,391 = ~.45 tokens roughly per dollar spent in a worst case every person is included scenario and no RFP This doesn’t account for Sybil’s removed or early activity multiplier just raw numbers based on fees from dune Wormhole (closest comparison we can make) is at $4.5B FDV Seems fair-ish as to be in the top 95% percentile of fee spend you needed roughly $250 which would equate to around 112 tokens at $4.5 a pop it’s $504 or a 2x on fees A lot of assumptions in this ofc and a lot of variables missing (if 20% of the total revenue was from Sybil’s that are removed these numbers change aggressively) but it’s a starting point at least before the checker comes out

🧐 xitter.cf/muststopmurad/status/1…

Will be interesting to see if L0 price action is different after the efforts to remove Sybil’s My personal opinion is the market doesn’t have enough bid right now to really change things too much As a burger I will responsibly dump 50% and see tho

Someone has to be onboarding these C-tier grifters at this point right? Seems like way to large a wave that some agency (moonpay that you?) has to be involved no?

I don't love that I am playing tate beta coins but they are one of the easiest things to parlay right now