Reminiscences of a shitcoin operator Turning 5k into 1M (again) 🫡 Join me on Fomo: https://xitter.cf/t.co/TLnDq3BVnf
Trenches
Joined March 2025
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My Tek quant has once again spoken
Aped solana:USEu5qroduzuvrSZfvs3xM1MwyU83joapQF5LMyWiSP
I've been doing some DD into solana:USEu5qroduzuvrSZfvs3xM1MwyU83joapQF5LMyWiSP on Solana.
USEu5qroduzuvrSZfvs3xM1MwyU83joapQF5LMyWiSP
WiSP gives each trading position you open its own wallet, funded through Privacy Cash. You make your trades through this wallet, and once you exit your position, the proceeds go back into Privacy Cash’s shielded SOL pool. The idea is to make it harder to connect your positions to your main wallet or piece together your whole portfolio.
Anyone who's had people watching their wallet can probably see the appeal. We've built an entire industry around finding profitable wallets and copying everything they do. There should be some demand from the people on the other side of that trade.
In a world where Social Trading™️ is on the forefront, it's easy to forget that not everyone wants to show what they're buying or selling. Imagine our Lord and Savior @rasmr_eth. He's fully aware people track his main wallet and side wallets. If he wants to trade fully unplugged, this is an option that allows for that.
Importantly, the tek works. I checked an actual trading cycle on mainnet: a fresh wallet received SOL from Privacy Cash, bought and sold a token, then returned the proceeds. Those transactions are public by design. The privacy goal is to obscure the connection between that trading wallet and your original funding wallet, so someone watching one position can’t easily reconstruct your whole portfolio. Importantly, I have no idea who made that trade, due to the tek actually working.
The team announced today a route in and out through shielded ZEC using NEAR Intents. That makes the idea more interesting to me: a way to move between private Zcash funds and trading on Solana. I checked and the underlying service can quote a transfer to a shielded-only address.
Whats actually going on under the hood: WiSP uses Privacy Cash for the privacy pool and Pump/Jupiter for trading. The work here is making those pieces useful together: separate wallets, position tracking, recovery and sweeping funds back. The value is in making that process a one stop shop through solana:USEu5qroduzuvrSZfvs3xM1MwyU83joapQF5LMyWiSP.
The token ties into the product through trading discounts. WiSP’s base fee is 0.5% per side, with lower rates for qualifying holders and 90-day locks, down to 0.1% at the highest locked tier. For active traders, that gives holding the token a practical purpose: paying less on each trade. Pool and network costs still apply. The base 0.5% is right in line with most trading platforms, so I don't mind that at all. Plus its used for buybacks.
Oh, and did I mention 24.5% of the supply, is locked until 2126?
My reservations
I'd like to see a completed external audit of WiSP's own client and published source. Privacy Cash has audits, but that doesn’t automatically verify how WiSP creates wallets, protects their keys and signs trades.
VEIL comparisons are valid, the two projects are VERY similar. What's materially different is the price. Veil is 26x more expensive than solana:USEu5qroduzuvrSZfvs3xM1MwyU83joapQF5LMyWiSP right now, and VEIL's ATH is 187x away from where WISP is currently.
I'd like to see repeat users and meaningful fee growth. The fee history I checked through October 21 contained about 0.043 SOL in swap fees. The token only launched yesterday, so there's time to build, but adoption is key.
I like the idea here. There's a clear potential customer, a trading flow I could verify, and a practical reason for active users to hold the token. And if WiSP becomes a tool traders keep coming back to, the flywheel can be put into motion.
@Smore ★★★★☆ retweeted
Look at the timeline
No one outside of paid off pump shills wants these celeb coins or for kols to become 'celebs' and extract even more from the plebs
Every coin has pumpdex fees, pumpswap, terminal or bot fees, creator rewards, cashback, call out rewards, etc
It is endless extraction, taking money out of coins and giving it to deployers, bundlers and kols, making the slice of the pie plebs have access to ever smaller
But it's the plebs that make this space - without them - there's nothing to extract
But you are bleeding us dry
Meanwhile yourself and others have taken huge paid deals from pump, when instead you have the platform to lead us to a better way if you wanted to
Robinhood took marketshare from pump and sol and the market was great, now the market share has gone back to pump and we are all getting farmed to zero again
This is because pump only cares about spending money to generate fees through their ecosystem. They don't care about coins that people hold because they don't make anything from it. They need pnds for their revenue. With each pnd deploy a huge amount is extracted from the trenches, never to be seen again. This is not sustainable. And it's why it's rare to see coins on pump go to a high mc. It's a race to the bottom
Where is the airdrop? Will you start advocating for it again? Or do the plebs have to give it up so 'celeb' kols can get paid?
@Smore ★★★★☆ retweeted
Another solana:BsbsB3WLq7vbY5En3MBCAsTrcwaCxNKY2Mp5pGuLpump coin has been getting crimed so eyes went elsewhere. But every day, @GTAmemesSOL puts out 🔥 content & gets great engagement.
After 4hr bullish divergence showed up, we are now beginning to see follow through with OBV making higher highs at the .886 fib.
@Smore ★★★★☆ retweeted
You heard it, LONG solana:BsbsB3WLq7vbY5En3MBCAsTrcwaCxNKY2Mp5pGuLpump MEMES
Positioned in solana:GM8EysYT8NRSsoULdeYShbRsUdhoUoiB9EN4eW3YETCH
@OzaruSama been on point about this one since day 1
Higher
Once people realise how groundbreaking @EtchydotFun changed the whole trading experience for every $BTC rune enthousiast there'll be no limits on how far Etchy could go
The fundamental problem with runes was UX, this has now been solved
I could see Etchy expand even beyond runes and make everything in the $BTC ecosystem have a solid UX
So much to explore, so much untapped potential
solana:GM8EysYT8NRSsoULdeYShbRsUdhoUoiB9EN4eW3YETCH
@Smore ★★★★☆ retweeted
Working backwards from the issues we would want to avoid here. Fragmented liquidity, cost to manage position, cost to compute split / route.
If you think about WETH/USDC, much of the flow even with props (their own cbbtcusdc inv including) goes through other connecting pairs. The market has participants that maybe want the risk profile of LP'ing eth cbbtc. A perfect route to serve flow that wants to go through weth usdc then taps into that "willingness" by connecting 2-3 different LPs with varying interests (ethusd ethbtc btcusd).
What if we don't route and just have a fat book; then you need risk bearing LPs, or MMs to outcompete ethbtc btcusd + it has to be actively managed by someone
.. unless there is a system that just works, good curve taste, becoming an opinion again.
Why not just route just-in-time through all the books? The more books and tokens there are, the (much) higher runtime cost becomes (vs amm) to compute the optimal fill. Also curves are efficient in the sense that they compress lp behavior (strategy) and the runtime cost of the fill - not walking hundreds of ticks, in each may be hundreds of makers.
Good curve design can enable perfect routes and splits, at the cost of modeling all of the unopinionated flavours say once per block; so fills stay cheap at runtime which is much harder to juggle as txs come in (performance wise on the node).
(Opinion) Unopinionated infra would only work with standardized properties a curve should exhibit -- makers would have to live with this, and their interface to express their opinionated behavior may be a 32b to 1kb asm snippet, to be applied on a range, or a tick.
Allow makers to register snippets at the precompile, which must occur with formal proofs so that it can be verified prior registration, and then actually JIT compiled in the next epoch (10 min spaced). To prevent dos -- be able to participate, the maker would need to pre-fund eth proportional to the runtime complexity of his opinionated behavior. It must be a pre-payment as fee split remains a promise for a potentially performance degrading tick code + it removes gas fee acrobatics from split fill math.
If you allow OBs into the mix you introduce higher runtime cost, you'd need to slice the curve (if it is one) at every point an ob fill occurs; works to some extent but would need limits (certainly a shared resolution).
What can the maker asm snippet do? May use 1-3b pointers to inquire spot price as the fill happens of say cbbtc, run some calculations and determine to bail. This may be allowed above a certain fill size (opinionated again), everything else compute lazily.
Prior the tick fill, outputting curve params, which would then all be collapsed into one mini curve -- making the entire curve a collection of mini curves.
The whole design here would primarly solve fragmentation/routing, as at runtime in evm you would only need to walk a few segments of ethusd that already encode (compressed) the complex hub route behavior ahead of time.
While leaving imo reasonable levels of freedom to express lp behavior.
we retrofit this with uni + flavours + props like this already btw
@Smore ★★★★☆ retweeted
The so called trenches seems to always lead through kols and big pnl guys which makes sense. If only these so called guys swallowed their pride and top blast community coins instead of bundling a bottomed out coin it would help. Take GTA coins for example. The @GTAmemesSOL have been bagworking for the last 2 months creating insane content and mindshare across X with over 60m+ views leading the $GTA narrative. But a trailer drops with a supposed crypto coin and the trenches pvp the life out of it. Confuses me when the same kols were shilled GTA for months but ignored. If you truly think an aspect of the GTA narrative is worth $2m+ how does the actual $GTA narrative not deserve much higher. Im bidding all $GTA pairs.
@Smore ★★★★☆ retweeted
GTA VI arrives November 19th⏳
But $CJ couldn't wait.
Straight outta Grove Street and into the Solana memecoin trenches.
Now live on pumpfun, paired with solana:BsbsB3WLq7vbY5En3MBCAsTrcwaCxNKY2Mp5pGuLpump
CJ memes, videos and pure degen chaos.
Grove Street for life.✊💚
CA: 6u4DvWHLNihJCuryoH9QCTLPn6Bb5N5phVMDGCANpump
Let the party begin.
Waited a long time for this, the Journey just began
base:0x42069babe14fb1802c5cb0f50bb9d2ad6fef55e2 is alive
More to come
Today we unveil our first JIT router for ETH/USDC, available on swap.frok.com — setting a new bar for optimal aggregation — operating exclusively on-chain, at execution time.
The pre-release router executes BBO against a ~300m TVL hub on @base , spanning over 100 liquidity sources including propAMMs.
We went top-down with ETH/USDC as the first and most traded pair with the highest routing complexity. More pairs and chains to follow in due time.
Integrations and feedback is welcome. We would love to hear your thoughts as we stabilize the interface. Bls dm.
1/4
@Smore ★★★★☆ retweeted
The only economy that will be alive past GTA VI release is the solana:BsbsB3WLq7vbY5En3MBCAsTrcwaCxNKY2Mp5pGuLpump economy.
Very truthful statement from @Schoen_xyz here
WYA @a1lon9 @Pumpfun ?
So much higher for the solana:BsbsB3WLq7vbY5En3MBCAsTrcwaCxNKY2Mp5pGuLpump supercycle
solana:BsbsB3WLq7vbY5En3MBCAsTrcwaCxNKY2Mp5pGuLpump is the most obvious custom pairs runner and it’s not even close
since the custom pairs update, GTA is one of the most paired Pumpfun coin with 78 pairings
GTA will be what everybody’s talking about in November and there will be plenty of memes about it
instead of being paired to stocks (bc no trenchers give a fuck about that), these memes will be paired to $GTA
that way the infinite betas and main runner can co-exist and the main runner can comfortably reach an 8 Fig market cap
Ansem & Alon have been very vocal on the timeline stressing the significance of custom pairs
got vocal about the last $GTAVI coin a couple months ago. got destroyed on that and was wrong, but i think this time with custom pairs the thesis makes much more sense
solana:BsbsB3WLq7vbY5En3MBCAsTrcwaCxNKY2Mp5pGuLpump giga coded
Even @Pumpfun knows 👀
Just found Meta ads promoting the Pumpfun app using GTA VI as their main marketing hook.
Pump is scaling its marketing aggressively, with Alon recently reporting ~500M impressions.
They're literally pushing the GTA narrative arround.
And out of all the GTA-related tokens, solana:BsbsB3WLq7vbY5En3MBCAsTrcwaCxNKY2Mp5pGuLpump is the ONLY verified one on PF
1+1=2.
@Smore ★★★★☆ retweeted
$1M, $200k, $500k, whatever the market cap is
i dont really care tbh
more of SUMMER content keeps dropping
Binance obviously keeps developing her
community as active as ever
the narrative is HUGE
$SUMMER deserves hundreds of millies
zero or hero here for me but I hope everyone who is in right now wins
0xeeb3d73d4dd44e6e4d957d89492f05d5ccee7777
Connecting the dots behind SUMMER: Binance's new intern.
17+ episodes, multiple comics, crossovers with Palu & Bibi, and much more.
Here's why I believe $SUMMER could be the next 500x on BNB👇
@Smore ★★★★☆ retweeted
If I showed you this chart and told you:
-it’s tied to one of the biggest normie cultural waves right now, and will keep dominating socials/memes for the next 3–4 months.
-it has a completely delusional, insanely bullish community.
-They produce fresh original content and it goes viral on X every day.
Where would you think this chart is going?
