Top 15 tokenless projects I’m farming for airdrops right now: ↓

The AI swarm keeps building. Momentum is compounding, vaults are thriving, and strategies are scaling. We’re nearing escape velocity on track to break through the next milestone and beyond. Job's not done, /\ccelerating further.

$ETH - It always looks crazy at the time but at every buy zone so far people thought "it was over". Diagonal still hasn't even broken.

Tokenized Gold is coming to Aave. Soon you’ll be able to earn yield on Tether’s XAUT and borrow against it. Last cycle, the only exit was selling into USD stables (and fiat). But with RWAs taking off, you won’t need to leave onchain anymore. Major indexes, EUR/JPY etc. stables, and commodities like gold will give enough diversification directly onchain.

Crypto people around me are planning to sell. Some are already offloading, particularly those for whom it's their 3rd cycle. It's not just my environment: the retail vs large investor holdings chart shows that retail is selling to whales/institutions. Btw, similar picture applies for ETH and BTC. My worry: Will the buying power of institutions, DATs, and other whales offset the selling by the retail crowd? Or will they run out of steam? Ideally, it's a multiyear process and a steady price increase will shake out weaker hands gradually. The most entertaining outcome would be crypto pumping even after the majority of retail sells, leading to further pump. Then, retail could panic-buy at even higher prices. This is really a generational rotation. Will institutions run out of money before retail cashes out is a question to be answered soon.

What I would do if I were a whale that wants to manipulate the market?👁️ If I were a whale, I would operate in the shadows, never allowing the crowd to suspect that the tides they feel are the movements of my fin. The crypto market is an ocean of belief more than substance, and like any ocean, it is governed not by rules but by storms, illusions, and deep currents of psychology. My power would not lie simply in my holdings, but in my understanding of the masses’ fear, greed, and blind faith in "messiahs." To manipulate, I would begin by cultivating a narrative. Crypto is a story-driven world. Markets do not move on fundamentals, they move on hope, anxiety, and the words of prophets. Elon Musk tweets a word, and billions move. A regulation rumor appears in a Telegram channel, and coins collapse. So, I would carefully monitor what narrative is gaining momentum and bend it subtly. I would plant ideas through well-followed but anonymous Twitter accounts, Reddit threads, Discord communities, and influencer DMs. I wouldn’t need to convince the public directly, I’d simply seed doubt or hype into the right mind, someone who others already follow, trust, or idolize. A YouTuber who just wants early access to my "private alpha group." A newsletter writer who’s easily bought with a promise of a tip. They would become my mouthpieces, unknowingly perhaps, parroting the direction I want. Words alone however, are not enough. To truly move the market, I’d need to orchestrate panic and euphoria with precision. Suppose I wanted to accumulate a token heavily. I wouldn’t just buy as that would raise alerts. Instead, I would crash the price first. I would offload a portion of my holdings in a dramatic fashion, triggering stop-losses and cascading liquidations. The public, terrified, would sell at a loss. The influencers would echo the sentiment: “It’s over for this coin.” Then, slowly, through stealth wallets that I’ve kept in cold storage, I’d buy it all back at half the price, twice the volume. Fear is the sharpest tool, but greed is the one that holds power longer. Once I’ve bought low, I wouldn’t simply let the price rise, but I'd fuel a pump: - I’d pay off-chain media outlets to write features. - I’d get someone on a stage to speak about this token being “the next Solana.” - I’d ensure a prominent VC tweets about their “new position.” The public would FOMO in as they always do. Retails love green candles, they believe in them as if they’re tarot. I would let the price climb slowly, then aggressively, and just before euphoria peaks, when Twitter is ablaze, and TikTok kids are buying in on leverage, I’d exit silently. All it takes is one sell order to set off the avalanche. Liquidations, panic, confusion. The crowd doesn’t know I sold, they just think the market turned. Now, let’s say I want to short the market. I could make it look like the bull market is back. I’d start rotating capital into high "beta" altcoins, letting their prices pump while keeping BTC and ETH stable. This tricks the market into thinking the altcoin season is beginning again. Everyone gets reckless. Margin trading spikes, leverage becomes the word of the day. Then I hit the "pillar" dump ETH. In one massive coordinated action across exchanges, I start a cascade. Altcoins collapse, liquidations across thousands of leveraged longs with exchanges become sluggish. Panic spreads. Meanwhile, I hold shorts, or am simply ready to buy cheap. I profit not from one direction, but from both. The movement is irrelevant, the flow is what matters. There is also sentiment manipulation through misinformation. I would leak “regulatory crackdown” rumors on certain tokens. Feed journalists half-truths about project founders being investigated. Release fake insider messages suggesting insiders are selling. Then swoop in to buy when the projects crash, logically not because of fundamentals, but because of fear. Then, maybe, I reveal that the rumors were baseless, and watch the market correct upward. I profit on the way down, and again on the way back up and no one ever sees my fingerprints. I would manipulate not only markets but time. I’d build up pressure across weekends, when volume is thin, and reactions are more emotional. Or use major events like ETF approvals, halving cycles, or geopolitical fears. I’d front-run headlines, pump into the narrative, and sell when the headline hits. You know..buy the rumor, sell the news, but on a scale so large I would be the rumor and the news. +1? The coordination. The truly dark part of manipulation isn’t done alone. I’d have a network, other whales, OTC desks, shady VCs, even insiders at certain exchanges. If needed, I’d coordinate flash loans, flash crashes, or liquidity withdrawals. Some of the rug pulls you see? Not by mistake, not just scam devs. Sometimes, a rug is a carefully orchestrated redistribution, facilitated by whales who need volatility and confusion to enter positions. Retails see betrayal, I see opportunity. The masses want a story, and I give them one. They want saviors, so I show them influencers. They want signs, so I give them candles. In reality, they are just swimmers, caught in tides they cannot see, dancing to waves I create in silence.

Gotta say: this is my favorite essay we’ve dropped all month. part of our mega AI deep dive report. the robots aren’t coming. they’re already here. read it before they start reading you.