Web3 Samurai

Building | prev @OKX @wallet

How deep does the chain go?

[Web3 Samurai @0x3Samurai]

flying free like a bird

[Felix @felix_fan]

First podcast in @TrustWallet — big thanks to David for having me!

We talked user experience, wallet evolution, making signing simple, and where the space is heading.

Full convo here:

[Giorgia Meloni @GiorgiaMeloni]

Thank you for the gift

[Web3 Samurai @0x3Samurai]

@itstuyo very very slow customer service and insanely buggy app! .. unreal

[Web3 Samurai @0x3Samurai]

@roomsdotrun Niice! 👀

[dLogos @dlogosxyz]

We watched all 55 episodes of WTF is the Podcast with @nikhilkamathcio

The more you watch, the more you realize the most interesting person in the room is usually the one asking the questions.

A thread on Nikhil Kamath, and what 88 hours of him interviewing the world's biggest names actually reveal🧵

[Web3 Samurai @0x3Samurai]

@RaveDAO are you guys in the joke business too? haha

[Web3 Samurai @0x3Samurai]

@vibhu @kerberosapp @colosseum thanks for keeping us informed and the industry safe.

[Web3 Samurai @0x3Samurai]

@sue_xbt gm gm!

[Web3 Samurai @0x3Samurai]

@0xSweep SEND THEM TO JAIL!

[Web3 Samurai @0x3Samurai]

well explained!

[Sweep @0xSweep]

Every “CEX internal investigation” into $RAVE is BS

The $RAVE scam would work without these CEXs giving it a massive hand

Here’s some of the ways they extract without tying it to anyone

> The funding rate game

This is the part most people miss.
Funding hit -1.37% average. Annualized: 2,700-4,800%

Insiders holding longs got paid every 8 hours by the shorts they were actively liquidating

> Baits

Deployer wallets deposited 18.58M $RAVE to Bitget. Every alert bot pointed to “insider dump.”

74% of Binance accounts shorted it.
Then insiders withdrew 29.78M back on chain.

> Cross venue OI injection

Same entity stacks open interest across Binance, Bybit, OKX, Bitget through bundled wallets.

Each venue reads it as independent conviction. It’s one book hedging across five.

Inflated OI forces exchanges to raise leverage caps, which pulls in bigger shorts.

> Short squeezes

With 90% of supply locked, spot books are paper thin. A few million in buying moves price hundreds of percent.

Perp mark price is derived from spot. Control spot, control the liquidation price on every exchange.

> Liquidation recycling

Every liquidated short becomes a forced market buy. That buy pushes price into the next short’s liquidation band

The same dollar gets recycled through 4-5 traders before it exits the book

Insiders aren’t buying the pump. The dead shorts are

> The exchange cut

Bitget handled 88% of spot volume. That’s not organic.

On $315M+ daily volume and $170M+ in forced liquidations, exchanges earned listing fees, taker fees, and liquidation fees (0.5–1% of notional).

> The market maker layer

MMs on loan/option deals get cheap inventory at a strike price. When price pumped hard they printed on the spread

Wash trading during the pump creates the “organic demand” narrative that pulls in more longs

This only works in crypto and not TradFi

Most of this is highly illegal like spoofing deposits to bait shorts is Rule 10b-5 manipulation

OI injection and withdrawal is wash trading

Spot cornering is what broke the Hunt brothers on silver in 1980

Reminds me of Volkswagen in 2008. Porsche quietly accumulated 74% while float was 20%

Shorts didn’t know available supply was zero until VW briefly became the most valuable company on earth

Offshore venues and unclear jurisdiction let the same playbook run openly here

When you short $RAVE you’re not shorting an overvalued token

You’re taking the other side of an entity controlling 90% of supply, with the dominant CEX on their fee split, and an MM on the same side

The crazy part is that all of this is synthetic, there is no way to track PnLs, no way to trace the entities behind it

Bundled wallets, cross venue accounts, OTC settlements, internal CEX books and the profits disappear into something no one can audit from the outside

What you see on chain is a massive bait and the extraction happens where you can’t see

The damage is much bigger than you think

[ZachXBT @zachxbt]

Pump and dump activity for $RAVE originated on @bitget @binance @Gate

Call to action for both @heyibinance @GracyBitget to do better and launch internal investigation offboarding the responsible actors.

Offering up to $10K bounty of my personal funds for whistleblowers to come forward privately to share evidence about parties involved

We cannot allow this blatant market manipulation by insiders controlling >90% RAVE support to further extract from retail investors.

[Web3 Samurai @0x3Samurai]

@zachxbt @RaveDAO @bitget @binance @Gate @heyibinance @GracyBitget this shit is pure crime!

[Web3 Samurai @0x3Samurai]

@obchakevich_ @ether_fi @Revolut @Bybit_Official @ready_co do you have a dashboard tracking all their active users and volumes?

[Web3 Samurai @0x3Samurai]

@cz_binance 👌👌

[Web3 Samurai @0x3Samurai]

@adultarts @SuperteamUSA Not sure about you but def caught @Shreylife11 in 4K excited

[Web3 Samurai @0x3Samurai]

@sue_xbt @Lighter_xyz 👌 LFGOOO! my life needs to be lighter!

[Web3 Samurai @0x3Samurai]

@sue_xbt Haha LFGOO!! some of the placements damn funny 😅

[Web3 Samurai @0x3Samurai]

@googlemaps The future is here!

[Web3 Samurai @0x3Samurai]

@HashHadir @token2049 LOL!!!!