@ktrap

Building at the intersection of Crypto, AI & Digital Assets. Day 1 Neo Tokyo Citizen. Founder @GridPhantoms @GridLabsX. Not financial advice.

The Grid
Joined March 2009
Pinned Tweet
Last time he offered an $8 mint it was Checks, which did: 16,031 mints in 24h $250M+ secondary Floor over 2Ξ Doesn’t mean this repeats But hey, it’s $8
8 an open edition on x money send $8 to @jackbutcher enter your eth address in the memo your transaction id is the seed for your artwork closes 8pm est tomorrow
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Ktrap retweeted
Last @jackbutcher NFT sales on Chinese OTC 21 × $100 = $2,100 4 × $100 = $400 20 × $120 = $2,400 1 × $100 = $100 5 × $120 = $600 6 × $100 = $600 1 × $120 = $120 1 × $120 = $120 docs.google.com/spreadsheets… Total volume 59 bought for $6,440 Average buy price ≈ $109.15 each. Pending buy orders 10 at $90 and 20 at $80. Seems they're trading on wechat or something like this.
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I was wrong Not going to make excuses I deserve to be dunked on
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🎲 Grid Phantoms current raffle just got more interesting - 5 Jack Butcher “8” mints added to the prizes
We added 5 Jack Butcher $8 mints to the current raffle for a total of 7 prizes up for grabs. Already holding tickets? You're in. Same rules. Same 30-mint countdown trigger. All entrants keep their minted Exodus Key(s) regardless of win or lose. gridphantoms.app/raffle
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Ktrap retweeted
I genuinely think @CoattailBrokers is sitting on something good. Tiny supply. Interesting model. Dev knows what the fuck he’s doing and keeps building. Right now the floor looks absurd to me. Could stay cheap. Could go lower. Welcome to NFTs. But give a collection this small the right amount of attention and liquidity can change VERY quickly. I’m not chasing it. I’m slowly accumulating while nobody gives a fuck and letting the dev cook. Those are usually my favorite buys. ⛩︎//TK
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🔥 The @NeoTokyoCode S2 floor is waking up again Last month it snapped out of its 0.10Ξ slumber first Then S1 repriced from 0.43Ξ to 0.73Ξ (+69.6%) This week S2 printed 3 lifts from 0.08Ξ ▷ 0.08Ξ → 0.0997Ξ | +25% ▷ 0.0997Ξ → 0.119Ξ | +19% ▷ Faded back to 0.0997Ξ, then reclaimed 0.118Ξ | +18% S1 floor still sitting near 0.65Ξ Last time S2 moved first Then the S1 floor ran Doesn’t mean it happens again But if that sequence is setting up... Is S1 next? 🗼Grand Rising
🔥 The past 8 days have seen quite a run for @NeoTokyoCode It started last Thursday when the S2 floor finally snapped out of its 0.10Ξ slumber By early Thursday it had reached roughly 0.128Ξ By Friday it was trading through the mid-0.15s Then OpenSea buyer tackle-pro punched through the floor with 5 Outer Citizens in a single transaction: ▷ #3694 for 0.1542Ξ ▷ #3721 for 0.1542Ξ ▷ #1789 for 0.1542Ξ ▷ #2938 for 0.1542Ξ ▷ #3350 for 0.1555Ξ 0.7722Ξ total About 30 minutes earlier, the same buyer had picked up S1 Citizen #1938 for 0.84Ξ 6 Citizens 1.6122Ξ One wallet But that was only the beginning Since last Thursday, OpenSea has recorded: ▷ 16 S1 sales ▷ 22 S2 sales ▷ 38 Citizens sold ▷ ~13.81Ξ in volume The floors moved with them: ▷ S1: 0.545Ξ → 0.80Ξ | +46.8% ▷ S2: 0.10Ξ → 0.159Ξ | +59% S2 touched approximately 0.183Ξ during the run before settling back near 0.159Ξ The S1 receipts kept stepping higher too 13 ETH sales landed between 0.5447Ξ and 1.38Ξ during the run That included: ▷ #1938 for 0.84Ξ ▷ #1415 for 0.80Ξ ▷ #1848 for 0.79Ξ ▷ Elite #3957 for 1.38Ξ The Elite sale left only 7 Elites listed & reset the live Elite floor to 1.69Ξ $BYTES joined the move: ▷ 7d: +30.9% ▷ 30d: +77.5% ▷ Current price: ~$0.40 And while the market was moving, we shipped @GridPhantoms launched Citizen Interlink with Citizen decoding, staking scenarios, live floors, ecosystem-value modeling & Elite S1 listing intelligence I followed with a tutorial showing how I use it to look under the hood before buying an S1 instead of judging everything by floor price alone Thin NFT floors & token markets can move quickly in both directions But the past 8 days brought a floor breakout, 38 Citizen sales, higher S1 receipts, renewed movement in BYTES & a new community tool going live And all of this happened with Bitcoin only reawakening near $80K, still ~37% below its $126K ATH If this is how Neo Tokyo responds before Bitcoin gets back to price discovery... What happens when BTC breaks through ATH? 🤔 🗼Grand Rising
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😮‍💨 I like this 90d $BYTES view Looking primed ▷ +34% over 90d ▷ $1.65M market cap ▷ 8,792 holders ▷ 35.5% staked ▷ Emissions down to a trickle ▷ 100% community allocated, no team or VC unlocks Still here Still building 🗼Grand Rising
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😂😂 1000% - big banks are crying - payback for every $36 overdraft fee you ever paid in your 20s lol
The CLARITY Act was a TOTAL PSYOP. The Republicans vouched for something the people wanted and they caught the Democrats with their pants down in 4K. They showed the world that all they care about is being anti-Trump and they're completely controlled by the big banks. Now that the world knows who supports their freedom and who doesn't going into a mid-term election, they're going to bring clear regulation anyways through the CFTC, FDIC, SEC, and the Treasury. What a masterclass. If you're a Crypto holder and you're not sure what happens next, here's what you need to know: YOU'RE ABOUT TO GET RICH AF.
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🦄 I’VE BEEN SLEEPING ON $UNI And it’s up 20% today… why? @Uniswap is the exchange I keep coming back to for swaps, bridging & LPing In August 2020, it was where I made my first onchain DEX swap Weeks later UNI launched & that interaction qualified my wallet for the 400 UNI airdrop I remember claiming it & feeling like the protocol had handed ownership to the people who used it But my thesis barely evolved after that I still thought of UNI mostly as governance attached to a great exchange I finally looked under the hood & found new layers ━━ THE ORIGINAL TOKEN ━━ UNI launched September 16, 2020 with a 1B genesis supply, 60% allocated to the community Historical users got 400 UNI, while LPs also received additional pro-rata allocations UNI governed the treasury & fee switch, but for years usage didn’t create an economic sink for the token Then came UNIfication ━━ TOKENJAR + FIREPIT ━━ Executed in December 2025, UNIfication activated protocol fees & sent 100M treasury-held UNI to the burn address as a one-time retroactive burn The ongoing mechanism grabbed me: ▷ Eligible activity generates protocol fees in the assets being traded ▷ Adapters route them into an immutable onchain collector called TokenJar ▷ Independent bots known onchain as “searchers” watch TokenJar for a profitable spread ▷ When fee assets exceed the required UNI value, a searcher burns UNI through Firepit, claims them & keeps the spread Uniswap doesn’t need a committee to market-sell every random fee token into UNI The incentive handles it permissionlessly: Usage fills TokenJar Searchers burn UNI to empty it ━━ THE ROLLOUT ━━ This is live By July, v2 & v3 protocol fees were live across 11 chains, with selected v4 pool families active on 7 including Ethereum, Base, Arbitrum & Robinhood Chain Unichain’s net sequencer fees feed the same burn system On September 14, @UNIBurnBot reported 111.74M UNI burned all-time Beyond the one-time 100M treasury burn, that implies roughly 11.74M from the ongoing mechanism 592k UNI burned in its latest 7-day report, with a record day of 186k earlier this year Future fee sources could include discount auctions & aggregator hooks ━━ WHY I’M BULLISH ━━ This isn’t a dividend or equity in Uniswap Labs Holding UNI doesn’t automatically pay yield & burns don’t guarantee price appreciation Governance can fund growth & authorize emissions, so I wouldn’t call UNI net deflationary without reconciling both sides But it’s no longer just the governance token I mentally filed away in 2020 UNI now sits at the center of a core crypto exchange, a live multichain fee system, usage-linked burns, Unichain & v4 expansion I use Uniswap because it works Now the activity that keeps bringing me back can also create recurring demand for UNI to be permanently removed Six years after my first swap & the airdrop that welcomed me onchain, I finally went back to study the token itself Turns out the old unicorn learned a few new tricks 🦄
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🕵️‍♂️ ART BLOCKS DEEP DIVE I went searching for an overlooked piece of Art Blocks history & ended up adding R3SONANCE #208 to the Ktrap Vault The attached vid is my interaction with #208 running through the generator experience on its OpenSea item page It feels like a choose-your-own-adventure exploration of an alien machine, with sick geometric detail hiding at every angle The static thumbnails are badass on their own But it’s the interactive art inside the generator that takes it to another level ━━ ART BLOCKS 101 ━━ @artblocks_io launched November 27, 2020 with Snowfro’s Chromie Squiggle as Project #0 If you’re new to it, Art Blocks is where artists write generative systems that create art through code During a mint, the minter’s transaction generates a unique onchain hash that feeds the artist’s script It triggers a new piece, revealed when their transaction confirms Its early programs: ▷ CURATED was the flagship for artistic, technical & aesthetic strength ▷ PLAYGROUND gave Curated artists room to experiment ▷ FACTORY opened a streamlined path to more artists ▷ AB500 came later as something different… Not a release tier, but the retrospective set of 500 projects Art Blocks published from 2020–2025 across its historical programs ━━ AUCTION RECEIPTS ━━ At Sotheby’s in 2023: ▷ Tyler Hobbs’ Fidenza #725 sold for $1M, roughly 5× its high estimate ▷ Dmitri Cherniak’s Ringers #879, better known as The Goose, sold for $6.2M ▷ Sotheby’s called it the second-most valuable generative artwork ever auctioned at the time ▷ GRAILS Part II totaled $11M & set 8 auction records Those aren’t R3SONANCE comps, but they made me curious about what early pieces had drifted out of view ━━ THE RABBIT HOLE ━━ Our @GridLabsX AI Agent Sakura & I mapped early IDs, floors & old sales, then opened interactive candidates in their generators instead of judging thumbnails R3SONANCE by Gerard Ferrandez kept pulling me back: ▷ Project ID #19, placing it among Art Blocks’ first 20 numbered projects ▷ 25th by release chronology within AB500 ▷ Thus 475 of AB500’s 500 projects were still to come; that makes R3SONANCE legit early ▷ Released February 28, 2021 ▷ OpenSea reports 782.3Ξ in lifetime volume, roughly $1.9M at current ETH prices ▷ Fixed supply of 512 outputs That combination got my attention So did the artist Ferrandez is a Toulouse generative artist who published type-in code listings in the 8-bit era In his Art Blocks interview, he described aerospace IT by day & creative code by night His Curated debut Ignition was followed by Playground projects Utopia & R3SONANCE R3SONANCE is a fully onchain interactive WebGL environment of orbiters, energy harvesters & illuminated structures moving through deep space The standalone generator strips away the marketplace interface for a full-screen canvas you can rotate & zoom through ━━ WHY #208 ━━ For starters, the art got me #208 has an orange palette, night background, unfolded panels & monochromatic color shift Its orange, white & black architecture feels like an alien machine suspended in space Of the floor-priced works I compared, #208 had the strongest mix of art & recorded history to me It sold for 2.20Ξ on release day, then changed hands for 0.78Ξ and 1.29Ξ during 2021 I acquired it at the collection floor for 0.04732Ξ Those old prices are provenance, not a prediction But the gap between its history, live experience & floor felt worth investigating ━━ THE FLOOR ━━ If this sent you down the rabbit hole too, don’t stop at the thumbnails Check the floor & explore them in the generator OpenSea shows 4 at the 0.0472Ξ floor (~$114), with another at 0.05Ξ (~$120) There are some genuinely great machines hiding down there for surprisingly little Maybe the market eventually rediscovers it Maybe it doesn’t Either way, R3SONANCE #208 is home in the Ktrap Vault
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5 years ago today… The scramble to decipher the first @NeoTokyoCode Codex began This image of a code-fragment key card sliding across a shadowy table pulled thousands of riddle hunters deeper into the mystery
"We didn't end up going to Mars. We ended up going into a computer." Codex : Story Of Earth 1.1
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Happy Pokemon 30th drop for those who celebrate! Today's Market Edge VC is 100% Pokemon. Citizens Crasher and Wheyzilla are dropping everything they know. Get ready! 2PM ET S2 VC.
🤖 Made with AI
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This afternoon, Senate Democrats proved they were never truly serious about protecting consumers and preserving American leadership. I sat at the table with Senate Democrats working in good faith to get this done while they played games. For over a year, they presented demands and the second we met them, they made new demands and moved the goal posts. Today they voted against real limitations on politicians’ personal crypto investments. They voted against protecting American consumers from the scammers and fraudsters this bill would have shut down. They voted against American leadership, and handed China and every one of our foreign competitors exactly what they wanted. Democrats chose politics over the American people—again. That’s not leadership on their part, that’s surrender to their radical, socialist base. The once-proud Democratic party is anti-consumer and pro-illicit finance, anti-ethics, anti-free enterprise, anti-worker, anti-livable wage jobs, and pro-socialism. The Democrats are now anti-American. Sad!
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☑️ SOLD 🍻 Congrats to buyer @tackle_pro Now only 6 @NeoTokyoCode S1 Elites listed, floor 6.36Ξ ($15.3k)
👀 1Ξ for a Rank 422 Elite with a 1/15 Fire Helm, 1/56 Corporate class & Reward Rate 5? @NeoTokyoCode S1 Citizen #2686 feels mispriced I don’t expect this listing to last long Then after this sells, Elite floor leaps back to 6.36Ξ ($15.4k)
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👀 1Ξ for a Rank 422 Elite with a 1/15 Fire Helm, 1/56 Corporate class & Reward Rate 5? @NeoTokyoCode S1 Citizen #2686 feels mispriced I don’t expect this listing to last long Then after this sells, Elite floor leaps back to 6.36Ξ ($15.4k)
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😮‍💨 As usual, $BYTES dips are meant for buying & buyers found some legendary entries overnight & into the morning At 2:36 AM ET, a routed sale of 1,037 BYTES hit the primary ETH BYTES/WETH pool The seller received ~$174 at a ~16.8¢ average 👀 But that one swap crossed a thin section of the Uniswap V3 in-range liquidity & briefly pushed the spot quote all the way to 2.3¢ Then came the fun part In the same Ethereum block, a routed buy picked up 492 BYTES at a 7.4¢ average & lifted the quote back above 20¢ 12 seconds later, cross-pool arbitrage had it back near 26¢ Then the larger buys arrived in the morning ▷ 9:36 AM ET: one buyer picked up 3,118 BYTES for ~$860 at a ~27.6¢ effective price ▷ 9:43 AM ET: another 4,566 BYTES bought for ~$1,351 at a ~29.6¢ effective price That’s 7,684 BYTES pulled in 7 minutes for ~$2,210 at a combined ~28.8¢ average 📈 And after all that, BYTES is now back around 29.7¢ & up +12.7% over 24h I found no sign of an exploit or liquidity pull Just thin liquidity amplifying the move down before buyers & arbitrage snapped it back Those same liquidity pockets can work on the way back up too 🔥 We saw it in the 7-day window ending Aug 22 when BYTES ran +86.34%, including a +52.61% 24h move To borrow a line from Michael Saylor: “Volatility is a gift to the faithful” Congrats to whoever caught those entries Some buys become lore 🗼
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5 years ago today, Becker dropped the first image of the Citadel “THE CITADEL KNOWS BEST” @NeoTokyoCode began as a city to decode & earn your way into, not just an NFT to mint
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🧙‍♂️ I remember hearing about @ForgottenRunes during the chaos of 2021 NFT summer I knew the name, but honestly had no idea how much had been built beneath those little pixel Wizards Last night I asked our @GridPhantoms AI Agent Sakura to find me an overlooked 2021 NFT sleeper The brief was pretty specific: surviving community, distinctive art, real provenance & enough cultural weight to matter if collectors ever dig through 2021 again She came back with Forgotten Runes Wizard’s Cult That sent me down a much deeper rabbit hole than I expected Forgotten Runes launched in June 2021 with something deeper than another set of pixel PFPs Each Wizard’s original pixels, name & traits are encoded in Ethereum calldata, so each character can be reconstructed from the chain without relying on an image host That permanent onchain identity was later extended into animated 2D walkcycles and fully rigged, game-engine-ready 3D avatars Same Wizard, three expressions: an onchain pixel collectible, an animated sprite & a reusable 3D character Then holders spent years expanding those identities through a collaborative legendarium filled with lore, art, comics & weird little pieces of fantasy history And this week the Cult Content Chronicle reached issue #190 It’s been published every week without missing one since launched, documenting the new art, games, podcasts & lore still coming from the community That consistency says a lot These aren’t interchangeable PFPs, each Wizard feels like a character waiting for the right collector to notice it So I inspected the actual outputs & swept four Here are the Wizards that made it into my Vault: ▷ #2189 Voodoo Priest Victor of the Capital • 0.0292Ξ Houngan head, Jester Diamonds, Lucky Horseshoe & a Bliss Cat Chaotic in exactly the right way ▷ #8475 Mystic Casper of the Wild • 0.0292Ξ Warlock head, Courage Staff, Red Coveralls & Ember Frog The whole crimson palette just works ▷ #1151 Alchemist Venga of the Desert • 0.0355Ξ Punjabi head, Orchid Harem Pants, Mandrake Potion & Sun Cat My strongest floor-value find ▷ #7210 Archmagus Katherine of the Wold • 0.0386Ξ Dark Sister head, Blue Coveralls, Harmony Staff & Onyx Wolf The premium pickup & my favorite artwork of the four Total: 0.1325Ξ before gas When I checked today: ▷ 0.0355Ξ floor ▷ 87 listed, under 1% of the 9,944 Wizards OpenSea tracks ▷ 2,867 unique owner wallets I didn’t buy these blindly on nostalgia Liquidity is thin, ownership is concentrated & the Runiverse didn’t become the lasting MMO many hoped for But the character system actually made it into a live game that reached 250,000 players & crossed 7,000 peak concurrency To me, reaching that scale matters even though the live game didn’t last That execution, including the hard lessons, is now part of FRWC’s provenance & a real chapter in blockchain history I’m treating these as cultural collectibles first, with any game or broader revival upside as optional If NFT attention returns, I can see collectors rediscovering culturally legible 2021 projects sitting at the intersection of permanent onchain pixel art, expandable character IP, fantasy storytelling & community-built lore 🧙‍♂️ The market may have forgotten these Wizards for now, but the chain didn’t
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5 years ago today, the greatest puzzle hunt in crypto history was just getting started The prize was a whitelist spot for an unnamed free mint 👇 Becker’s thread laid out what to expect The countdown to one of crypto’s most significant free mints began here 🗼 @NeoTokyoCode
So interest on the NFT...thing.../whatever me and @elliotrades are releasing is sky high... Note : Unlike every other influencer our goal is community first AND for no one to lose money. AKA we arn't gonna cash grab. Mint will be free. Up only. Watch our twitters closely.
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This pixel @CoattailBrokers version of my PFP showed up in my DMs & they nailed it 📈 Floor is up 53.1% today to 0.075Ξ with 1.52Ξ in 24h volume 📉 Listed count keeps dropping Good art, active builders & good vibes - love to see it
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