Bought the top, sold the bottom 🐸 Memes not TA | web3 believer | defi enjoyer
Joined December 2024
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$BTC compressing into a clean ascending triangle
Break $67k = liquidation cascade to $ 70k+
Lose $63.2k support = pattern invalidation & sweeping liquidity sub-$60k
Coil is tight
gm
CEXs are closing
people are grinding
$BTC is building up one more bearish pattern
and we have only 1 month of summer left
The era of DAO proposals has just begun
please stay safe
BonkDAO was the target of a malicious governance proposal resulting in an estimated $20M worth of BONK tokens being drained from the BonkDAO treasury.
During the investigation, BonkDAO identified the exchange wallets used to purchase BONK ahead of the proposal. BonkDAO is currently actively working with exchanges, bridges and Solana Foundation to best manage the situation.
Law enforcement has been notified. BonkDAO continues to work with relevant parties to recover funds and identify those responsible.
Readers added context they thought people might want to know
The proposal to drain BonkDAO's treasury passed legitimately after the proposer bought ~$4.4M in $BONK to meet the 1% quorum threshold and voted yes alone, as only 7 wallets participated out of 18,000+. x.com/lookonchain/st… x.com/chainalysis/st…
gm
$BTC is holding around 60k - the powerful support zone
we all love drawings on charts, so I added a few more local channels on the daily tf
enjoy
**do I really need to add arrows for ya ?
