Get a load of this guy
Been a pretty intense 48 hours letting the rhetoric and timeline play out
Adding some more detail so I personally can move on now that I locked up the majority of both my cracker and remaining white phat supply
I was clear in my original post I didn’t launch cracker nor any of its subpairs
I tried my best to coordinate the focus on the 6 pairs that looked like winners for each color, but the release was insane as cracker moved to 35m and nearly everyone started swapping to hats (the impact of which I described in my last post)
Many many many people stormed into each leader before I did so, and simply because I was posting + the largest holder of cracker I understood that as soon as I bought on fomo that would essentially kingmake the pair for each color
In retrospect, it was complicated because had the pairs shown red flags, not buying them would have collapsed them. They needed more time for diligence but so many had hyped each launch and the fog of war + pressures to decide were insane
But I asked many people from the gp community on the fly which looked good, and eventually dumped 100s of thousands of cracker down into all 6 to support the narrative and subpair eco similar to the scapefolio angel investing strategy
I described the trade in public posts and thesis. The supply crunch on cracker as a function of:
- top gp holders swapping gp down and holding high %
- my burning of ~50% of supply at lower mc
- stonk buying back and burning as function of top 10 eco token
- cascading effects of gp reflections
- most important canon items in RS
- stonk/knots/loop model
I also noted before and after as this was a functional yield play, effectively leveraged exposure to GP volume increasing thus capturing more reflections as a result of holding cracker
Cracker was never meant to be more than a combo of memetics + tokenomics design leading to provenance
Basically the first gp pair to get in the top 10 with it
Now, the structural reasons for both the ramp to 35m mc and the breakdown from what looks like MM holding the 0.005 level I’m still uncertain of
That breakdown and liquidation pocket to 0.002 were not natural and clearly the cessation of some automated trading
That worried me that GP was also under the same manipulation, as I had seen earlier signs I couldn’t prove but just looked weird on the tape so I derisked into them
Fortunately I’m connected enough in the industry, and my two wallet addresses are with those I trust to investigate further and can very easily prove I didn’t cause these breakdowns
That being said, it does seem clear my dusting of the party hat pairs still set off some type of collateral damage that inevitably led to Avi / others nuking the gp pairs and PFC eventual capitulation (and public attack on me personally)
Selling those coins made complete sense at the time and they were mine to sell
Not posting publicly why was my own oversight given the level of influence I had gained so quickly (mostly driven by Pfc copy trading me)
It’s not impossible this would have allowed me to properly reset the cracker subpairs as it was clear they needed, maybe into a single hat etc given I still had the majority of cracker (and still do to this day)
But like I said I never intended to either build around cracker or the hats, I figured others would like they had in GP. I only focused building on it myself under PFCs advice to target deflationary measures and incentives for the eco (grants and cracker app) which seemed smart given how hot it had ran
Anyway these efforts weren’t quick enough and when the music stopped and selling began (again not my own) the leveraged exposure collapsed instantly and nuked party hats. I think I was down like a million in UPNL.
Since I was swapping gp down to cracker down to phats I still haven’t quantified how much I lost of my unrealized GP PnL but it is certainly 100s of thousands
Anyone claiming coordination is just doing it for clout