Pinned Tweet
I’m getting canary in the coal mine vibes from this tweet. After what we have seen from @terra_money and your insistence that @CelsiusNetwork has had no part in it this doesn’t look good. I may be wrong - time will tell. For now I’ve removed the majority of my funds.
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Well guess I will update my PFP @osf_rekt @iliketabz.
Mine is also a rekt tradooor
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$REKT Buy! 🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢
Spent $26,757 (10.47 ETH)
Got 220.44B REKT
Position +153%
Price $0.000000125
Market Cap $52.38M
etherscan.io/tx/0xdd3c10f696…
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$REKT Buy! 🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢🟢
Spent $37,931 (15.54 ETH)
Got 306.85B REKT
Position +118%
Price $0.000000119
Market Cap $50.17M
etherscan.io/tx/0xfbc4a5e2c2…
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as everyone flocks to glorify being a trader
investors have increasing edge
do nothing, chill, research comically deep, take very few swings, size well, and then do nothing & chill again
while trading is fun in its own way, nothing is more fun than being contrarian and right
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Tom Whieldon retweeted
Happy retirement to one of the 🐐s. I’ll see you in Valhalla, Rick
GuruLeaks
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Tom Whieldon retweeted
We know a little something about the U.S. securities laws and will not “DECIST.” Send your lawyers and we’ll educate them.
Seriously? What’s the concern you ask, @vladtenev? The list of concerns is almost existential.
U.S. securities laws are in place to protect investors. For good reason, we spend millions and millions of dollars every year to comply with U.S. securities laws. In good. conscience, how can Robinhood as a U.S. company set up an operation in far offshore Jersey, an island 3000 miles away, and market a security sort of posing as AMC in some shape or fashion, and not comply with U.S. securities laws. That is shocking and shameful.
Our past issuance of equity to strengthen our balance sheet was vital to our success. Your setting up some kind of fictitious synthetic equity market decouples stock token ownership from a company’s ability to control its own capital raising efforts.
Share ownership gives shareholders various rights, including the right to vote their shares. Your stock token pretend to be some form of stock ownership, but disclosures to the contrary notwithstanding, they are not ownership and they deprive investors of their rights.
This quasi-fake market you are creating on the island of Jersey sows distrust amongst the public about financial markets in general. There already is distrust in financial institutions, you are potentially making it far worse.
These are but a few of my concerns about your actions.
I hereby call on you and Robinhood to voluntarily CEASE AND DECIST the trading of AMC stock tokens. If you don’t, our high priced securities counsel has been asked to see whether we can force you to stop.
I also wonder how can the SEC possibly support your sham ignoring of U.S. securities laws. You can be sure we will be asking them.
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Tom Whieldon retweeted
$PONS is next cycles ethereum:0x44ff8620b8ca30902395a7bd3f2407e1a091bf73
Virtuals launched in 2024 on Base and was a launchpad based around tokenising AI agents. In the space of 80 days, ethereum:0x44ff8620b8ca30902395a7bd3f2407e1a091bf73 went from 0 to $5B FDV.
Early revenue numbers for Virtuals match $PONS very closely. Both saw early traction and had 300/400K days before a period of consolidation where people doubting whether this was something sustainable.
After a few weeks of consolidation Virtual saw a significant increase in volume (similar to what we are starting to see with RH chain).
What followed was a two month period of incredible volume where ethereum:0x44ff8620b8ca30902395a7bd3f2407e1a091bf73 had $1M+ revenue days and topped at $5B MC.
While I think the timeframe for $PONS to hit $1B will be longer and the multiple of revenue will be lower (Virtual traded at P/S of 15) the pattern is clear....
If RH chain adoption continues, there is no doubt $PONS will have $1M+ revenue days.
Now lets say launchpads trade at a 10x multiple of revenue during peak bull ($PUMP currently at P/S of 6 which is also incredibly low imo). This would put $PONS at $3B FDV. A 30x from current valuation.
The path for $PONS is obvious.
All you need is a bit of patience.
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jfc just looked at the last 24H on $PONS and it's a new record for everything
24H revenue: $391k (new high)
24H mkt share: 86% (new high)
7D mkt share: 76% (new high)
revenue momentum: +210% (new high)
not only that, but despite the price increasing, the revenue/MC multiple has actually DECLINED from around 2.3x to 1.5x in the last few days -> this means that its revenues are outpacing its price increase
as previously mentioned i took profits on some this week but it looks like they are going to be very bad sales at this rate
if we have another day like this, it's going to reprice to $200M+ mkt cap extremely quickly IMO.
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i think the easiest trade of the next cycle is going to be launchpads...and just pick current leaders ($PUMP, $PONS)
in a bull market, do you think onchain activity goes higher? yes
do you think we will see multiple billion dollar memecoins? possibly..there should be at least 1
do you think we will see an increase in the TOTAL memecoin market cap? yes
do you think we will see an increase in the number of memecoin traders? yes
do you think we will see an increase in overall memecoin volume? yes
now, most people will be obsessed with trying to thread the needle on finding THE coin(s) that will run to billions, but unlike in past cycles, because of the launchpad phenomenon...there are literally millions and millions of coins to pick from, there's easy money to be made for scammers who bundle and rug coins...it's HARD but people will still literally be obsessed with this, have bag bias and the vast majority will fail
now, if you believe in all of the above questions - a clear beneficiary is launchpads themselves, they will literally benefit from ALL of the above because they will simply make more revenues, and they will buy and burn tokens which causes a direct impact on the price. the advantage here, is that u don't have to stress out over your coin getting vamped, or the meme no longer being relevant....instead of having to pick between millions of coins, you only have to pick between a few coins (and you can just own them all if u want).
idk whether they will necessarily be the "best performing trades of the cycle" but i think if your goal is to outperform majors these are going to be a great bet.
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我每天都会收到来自中文区 $REKT 社区的 50 多条通知——只想说一句：欢迎加入站在历史正确一边的行列，兄弟姐妹们，让我们一起玩得尽兴！
趁着大家都在关注，你们也应该去注册 @myriadmarkets！
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Tom Whieldon retweeted
🚨 CRITICAL ETH SECURITY UPDATE
A critical vulnerability has been discovered in the Ethereum app on Ledger hardware wallets.
The flaw could allow a malicious application to alter ETH transaction details during signing without the change being visible on your Ledger device screen.
Fixed in Ethereum app v1.22.2
If you use Ledger for ETH or Ethereum assets:
• Update the Ethereum app to v1.22.2+
• Update Ledger Live
• Update your Ledger firmware
• Avoid signing transactions until everything is updated
If you hold ethereum:native on Ledger, update ASAP.
🚨Critical security update for LEDGER hardware wallets
A critical vulnerability has been identified in the Ethereum app on Ledger hardware wallets. It could allow a malicious application to alter the details of a transaction during signing, without this being visible on the device screen.
This has been fixed in Ethereum app version 1.22.2. If you use a Ledger device, please update ASAP
While you're in there, it's also good practice to make sure Ledger Live and your device firmware are fully up to date.
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