🔺 Cryptic Alpha & Shitposts 🔻
Joined June 2022
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A market maker or whale is going to drain Papertrade.
The only question is who gets there first.
On a normal exchange, a market maker or whale manipulating price has a problem.
You pump it, then you have to sell into real liquidity to lock in profit. Slippage eats you alive. The order book fights back.
On Papertrade, there is no order book to fight back.
Every trade settles at Hyperliquid’s BBO midpoint. Zero slippage. Zero exit liquidity needed.
So a market maker or whale just:
1.Opens a massive 1000x position
2.Nudges Hyperliquid’s price a few ticks
3.Closes at the moved price
4.The profit pool pays them
At 1000x, a 0.1% move = 100% of margin.
They don’t need to sell into anyone. The pool is the exit.
Who thought it was a good idea to queue position opens and closes at 1000x leverage?
You’d be better off throwing your money on a slot machine
Everyone using the platform right now is farming it with delta neutral positions
And we all know how a platform ends when every user is a farmer
@papertrade_xyz won’t last long unless they change something
Everything @mert touches grows exponentially, except his hair apparently.
Helius CEO @mert has joined the NEAR Foundation Council, NEAR Foundation’s governing body.
An early NEAR Intents user and leading voice on privacy, Mert brings an operator’s view to how NEAR builds and grows.
“For crypto to win, we need connected, unstoppable liquidity at planetary scale. A market of markets. Neither Solana, Zcash, or Bitcoin can win on their own, we must work together. And NEAR is how."
near.org/blog/mert-mumtaz-jo…
By 2035, the world’s financial system will run on chain
Payments, markets, loans, everything
It’ll probably run on Solana
But one thing I’m 100% certain about: it’ll be powered by @JupiterExchange
$JUP above $10 and I’m a $JUP multimillionaire
Remember this tweet
I made $40k off one memecoin trade.
Not my most ethical win, but here’s how I did it, and how you might be able to replicate it:
In late 2024, Pope Francis’s health was getting a lot of attention. He was 88. As much as I hoped he’d recover, I knew a new pope was a real possibility.
I researched the cardinals who could succeed him and planned to launch a memecoin for each one.
Then I found someone had already done it. The coins were around $20k market cap, so I bought the originals instead, since they were the most likely to run.
They dipped under $10k and I kept buying. I ended up with 5% of the supply of each cardinal coin.
I held for about 5 months. Then Pope Francis passed away and the coins started pumping. Polymarket opened a market on the next pope, and my coins were the first contenders.
The top two ran to $3-4M each and I sold into the hype. None of those cardinals became pope, but I was already out.
Now Pope Leo is reportedly having lung surgery. I’m praying he recovers, but I’ve bought back into the top two coins from last time. Both are still under $10k market cap.
Here are the CAs:
Cmt6QFnpJnQDJuY7bE3ThaMDvaExPmoSHfEJE8BDpump
7rnYT9QqS9RKYFJnDT14T14LxmG1c3xZo61pSVJRpump
