Futures Trader. Blockchain enjoyer
Joined August 2023
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BasedMayne retweeted
Ansem coin is the final liquidity extraction & exit rug pull by the pumpfun cabal to close up the solana memecoin season for good
Get out while you still can if you hold any
It’s heavily bundled with little liquidity
You’re going to be nuked on within the coming weeks.
BasedMayne retweeted
- 1 Wallet was his
- 6 wallet was the other grifters.
- 40 wallets are the paid Kols to shill
- 300 wallets are the paid noname "influencers" to rage comment at posts which raise concerns.
- 400 wallets which totally random so they can tell they give lifechanging money to randos.
BasedMayne retweeted
Introducing "exit liquidity", the fund
Introducing USVC - a single basket of high-growth venture capital, for everyone.
No accreditation required, SEC-registered, and a very low $500 minimum.
Includes OpenAI, Anthropic, xAI, Sierra, Crusoe, Legora, and Vercel. As USVC adds more companies, investors will own a piece of that too.
Liquidity typically comes when companies exit, but we’re aiming to let investors redeem up to 5% of the fund every quarter. This isn’t guaranteed, but if we can make it work, you won’t be locked up like in a traditional venture fund.
It runs on AngelList, which already supports $125 billion of investor capital.
And I’ve joined USVC as the Chairman of its Investment Committee.
—
Go back to the 1500s, you set sail for the new world to find tons of gold - that was adventure capital.
Early-stage technology is the modern version. It says we are going to create something new, and it’s risky. It’s daring.
But ordinary people can’t invest until it’s old, until it’s no longer interesting, until everybody has access to it. By the time a stock IPOs, most of the alpha is gone. The adventure is gone. Public market investors are literally last in line.
This problem has become farcical in the last decade. Startups are reaching trillion dollar valuations in the private markets while ordinary investors have their noses up to the glass, wondering when they’ll be let in.
Investing in private markets isn’t easy. You need feet on the ground. You need judgment built over years. Most people don’t have the patience to wait ten or twenty years for an investment to come to fruition.
But there is no more productive, harder-working way to deploy a dollar than in true venture capital.
USVC enables you to invest in venture capital in a broad, accessible, professionally-managed way, through a single basket of innovation, focused on high-growth startups, at all stages.
It is how you bet on the future of tech: the smartest young people in the world, working insane hours, leveraged to the max, with code, hardware, capital, media, and community. Your dollar doesn’t work harder anywhere.
There is an old line - in the future, either you are telling a computer what to do, or a computer is telling you what to do. You don’t want to be on the wrong side of that transaction.
USVC lets you buy the future, but you buy it now. Then you wait, and if you are right, you get paid.
Get access here:
usvc.com
BasedMayne retweeted
SMARTPHONE MARKET SHOCK
The global smartphone market will drop 12.9% in 2026 to about 1.1 billion units, says IDC, due to a severe memory chip shortage driven by AI demand.
Rising DRAM and NAND costs are squeezing margins, pushing brands like Xiaomi and Oppo to cut budget models and focus on premium devices.
Even Apple may raise prices. With shortages lasting into 2027, cheap smartphones are likely disappearing.
BasedMayne retweeted
TRUMP MAY CONSIDER STRIKES ON IRAN
Donald Trump is reportedly considering limited airstrikes on Iran, according to the New York Times. Potential targets include the Revolutionary Guard, nuclear facilities, and missile programs. If these strikes fail to pressure Tehran, a broader effort to remove Ali Khamenei could follow.
At the same time, U.S. and Iranian officials are discussing a proposal from Rafael Grossi that would allow Iran to produce small amounts of nuclear fuel for medical use—letting Iran maintain limited enrichment while the U.S. claims progress in curbing its nuclear program.
BasedMayne retweeted
Base / Zora’s original vision for onchain social was genuinely unique and a breath of fresh air for a space that only builds copycats of the same 5-10 protocols.
To see both teams completely abandon their idea and pivot to building copycats within ~6 months is extremely disappointing.
BasedMayne retweeted
There are investors down 15% today who legitimately think their last few years of outperformance were skill
BasedMayne retweeted
The bearish sentiment towards base is what is making me very bullish now. Market goes thru phrases and you are either a chaser or pathfinder.
with all the dunking need to remind you of this…
the @coinbase/@base teams include the best of the best in this industry
ppl i really look up to and am thankful for
we would be in a much worse spot without them
and they dont need to hire more culture warrior talent like the ct army is calling for
simply listening showing care and taking core contributor feedback seriously would be great
and although the frustration is real i think this too shall pass and best days are ahead
BasedMayne retweeted
The back and forth with Gensler’s #2 confirms what we all knew to be true about the lawfare waged by the previous administration.
They determined the outcomes they wanted and governed accordingly, without any regard for the law.
Vindication.
BasedMayne retweeted
Nothing but respect for @jessepollak for showing up everyday even when CT hates on him
BasedMayne retweeted
In case CT still doesn’t get it:
The whole of CT got duped into buying $xpl @Plasma by a bunch of presalers up big and KOLs (obvious who they r as they only hype stuff like this)
And then proceeded to get dumped on for 800m by the plasma team (ecosystem fund innit)
You don’t hate these guys enough
One of the many legal rugs u see with these VC backed bs crap
We were gonna go to $2 and woulda been a great trade but the team had to dump 800m into the whole of ct at once
OK so I actually dug into what happened with $XPL, the vaults, and the Wintermute accusations.
First, I wanted to see where the Plasma Team Vault was sending their tokens so I looked at each notable transfer from their vault.
Vault address: 0x000000000000000000000000000000000A11B004
I made a note of each wallet that received tokens from the vault and where it went exactly
A bit over 600 million $XPL tokens were sent to exchanges from a bit before until TGE up until today.
People were blaming Wintermute for the price action so I checked some of their wallets and they do indeed seem to at least be responsible for some kind of marketmaking on this coin.
Wintermute bybit deposit wallet:
0xe401A6A38024d8f5aB88f1B08cad476cCaCA45E8
The Wintermute bybit depo received a lot of tokens from many exchanges and seemed to have most of their activity starting around day 2/day 3 (around the time the chart topped)
Wintermute Binance deposit wallet:
0xEae7380dD4CeF6fbD1144F49E4D1e6964258A4F4
The Wintermute Binance deposit also received a lot of tokens from exchanges and seemed to have started marketmaking a bit on day 1, but the activity and size of tokens moved seemed to increase starting day 2.
These are not all the wallets most likely, as I didn't go any further.
As for the incentives for Plasma: There is about 3-4m of sell pressure per day from increased incentives for the first week. I doubt this was responsible for the price action we witnessed.
The presalers were also up quite a bit, but I also don't think that was fully responsible for how the chart played out so far.
Personally I believe that someone was TWAP selling an excessive amount of tokens that retail buyers could not withstand.
You can draw your own conclusions with the information here with what happened with Plasma.
BasedMayne retweeted
Jesse literally spent the last 12 months on X dot com spamming “coin it” on literally every conceivable thing and a bunch of you still couldn’t believe that they’d make a Base token 😹😹😹😹😹😹😹😹😹😹
BasedMayne retweeted
“late-stage capitalism.” The phrase whispered by those who spent decades begging the state to interfere in every market, regulate every exchange, and tax every success, only to discover that when the state intervenes, it intervenes for someone.
You demanded control, and you got it. You insisted no business be left unregulated, no wealth untaxed, no profit unscrutinized. Then, when the politically connected used that power to serve themselves, you looked around and said, “See? Capitalism.”
How curious.
You see subsidies, bailouts, favoritism, political lobbying, and legal loopholes, and cry, “This is the market run amok.” But it was not the market that created these tools. It was the state. And it was created at your request.
When a man builds a dam and floods the village, do we blame the river?
Capitalism has no stages. It does not mature into corruption. It does not transform into a plutocracy. It simply withers as you chip away at it. Law by law, tax by tax, decree by decree, until the only thing left is the name, which you then use as a scapegoat.
And while you curse the rich and demand more controls, the bureaucrats you empowered grow richer still. Then you propose more of the same and call it progress.
No sir, this is not late-stage capitalism. This is early-stage authoritarianism politely disguised as fairness.
But please, do tell me again how freeing people to trade peacefully is the root of all evil.
