Lee

Affiliated with @snzholding | Crypto investor & Researcher

[YokaiCapital @YokaiCapital]

before I go I will tell you a secret:
@frankdegods is behind @UsePaid and other projects and is slow rugging his people while maintaining steady cool ai tech guy look on CT

@_Shadow36 is behind $troll with 0 real holders fully bundled shit while rugging his followers on $shadow $cupsey and shit loads of rh coins

@theunipcs pumped useless so people would think he has motion while he was behind bonkfun and every bonkfun coin and rugged every single one of them

@WhiteWhaleLabs is resmus and both are unipcs fake accs

any coin that has @Cupseyy ping/buy is his bundle and will be sold on you

axiom/pumpfun want you to believe that BubbleMaps and InsightX is where you should check bubbles, and if they are clean then coins are good, but they are lying, they are owned by the same people and don't show real bubbles, you should check it on https://t.co/IiioGAEeAO which shows full bubbles but no terminal is integrating them because no coin would pump

@AxiomExchange saves all your private data and trades on the information (also shares with others)

@AxiomExchange charges above $100K+ for showing new launchpads on their platform and gives attention to highest bidder, really really corrupted company

@PoorGoat_ is @blknoiz06 alt account and solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump has 0 real holders and is fully bundled, solana:Ai66LHZG9MCzg1WKdawwqduVAXpNDUuV8M3uyq5ppump is his bundled "meme" play and PoorGoat is his created persona, with fake fomo PnL, and he eats from airdrops from various projects, CATE was a try to push his launchpad, but was a total failure, most likely he's in loss in both projects, fair on him, much better than any other guy I mentioned, but truth has to be told, CT deserves better

@fomo leaderboard consists of only fake personas and fake PnLs, 98% of those accounts are not real people, they are one of the bundled wallets in bundled coins registered on fomo as a real user, just to lure people into following those wallets and luring them into scam coins

@Pumpfun was made by young kids that were bundling and rugging coins, but they were super good at doing it, and they wanted a bigger stage, where they could launch as many coins as they want on their own platform, where they could control the whole process, and they have succeeded, they are some successful kids from criminal underground, very successful at what they are doing, and they know how to keep the casino going, since bundling and scamming is all they know, its in their roots

now to the yokai part, yea yokai sucks, has no motion, but at least has stayed true to his shit stuff, he is also a made up persona, but he always wanted to launch smth cool that would work, without all the bs, but since it wasnt working out he was usually taking his money back by selling into the pool, to take back what he invested, sometimes in profits and many times in losses, thats why I believe @blknoiz06 is in a huge loss on CATE and ANSEM, because when you try to keep things up there, in this market, almost always you're taking a huge loss and waiting for bull market to bring you profits, which never came to the trenches, dont really give a fuck if ppl believe this or not

if you look at my posts lately i've been fucking around with this account, totally not serious with it anymore, its just a hated account with shitty history and literally with hundreds of failures, but before I left I wanted to give you some real info, so trenches can learn a bit from experienced and if you ask I will give much more detailed information

cancer to trenches:
- @Pumpfun
- @AxiomExchange
- @theunipcs
- @fomo (for not banning fake accounts from leaderboard and dining with shitty influencers, while 95% of fomo users are in a loss)
- @frankdegods with a lot of cash behind the scenes, cash he made through DeGods, he's super smart and talanted guy, so I respect him, at least he pushes cool stuff before slow rugging them, but I believe he can do much bigger things in life, proper talanted indian, but still an indian
- @_Shadow36 literally a scammer, thinks he's smart, he's not, in a different (lower) league than ppl/companies mentioned above
- @blknoiz06 cool chad, feels like he doesn't want to sleep at night thinking he's a scammer, but he kinda is with all the bs coins he pushed and never mentioned again such as solana:DitHyRMQiSDhn5cnKMJV2CDDt6sVct96YrECiM49pump and having fake personas @PoorGoat_ / CATE etc, also not as talanted as he makes it look like, I think he's overinvested and has no idea what to do rn

the og of CT? @cobie I have nothing bad to say about the guy. he stayed cool as fuck all these years, built something valuable, and sold it to @coinbase for a billion dollars, now he works and does good for CB

trenches will do better when cancer is cured

but for now, there is now cure for cancer, so all you can do is gamble

end is near for them, stay smart, always check for signs that I mentioned above, to tell fake from real, use solscanner not other bubble map platforms, stay away from manipulators, and if there's a real runner you will know, it will be funny or super viral, it will have a narrative that can last, and it will have clean bubblemaps with real volume that's growing, and no cancer around it

DO NOT follow tracked wallets that Axiom or Pumpfun gives you, write your own agents and bots that can find real winners from latest successful launches, not the bundle wallets that had good PnL, but real traders that profitted, get your agents to find patterns between these plays, and get your own signals, do not track KOLs, the only reason they give you those names is to fuck you right in the ass

cheers

[Emerald @Emeraldxyzz]

I just noticed that lately, Sorry for the people who did mint but @zaddrnet is literally @the1969ETH who rugged some months ago.

They didn't even bother to change traits or the style of Nfts, now they raised +50 Zec which is around $75,000

Those guys coming back to take our money again is honestly unacceptable, we really need to do better...

[deployer @0xDeployer]

seeing a lot of talk about limit orders. bankr has supported limits for years. the first feature i wanted to build was being able to tell an agent buy me this coin and sell it when it pumps 10x.

bankr also supports twap, stop and trailing stop, and dca. even price triggered automations to do all kinds of weird stuff.

works on base, robinhood chain, ethereum, arbitrum, polygon, unichain, worldchain, bnb, arc and solana.

you can initiate orders by asking the agent or directly on trading pages.

https://t.co/1np4M7miko

[Lee @0xL1ang]

@Nazo_ku 👀

[Nazoku @Nazo_ku]

I don’t know who this guy is, but after taking a year off, he’s back in action, selling over $10m of $LINK to accumulate strongly rising altcoins, including $UNI, avalanche-2:native, $ENA, $ETH, and a lot of $HYPE, $ZEC, which was later transferred to another wallet for holding.

This wallet has a deep understanding of the market and managed to avoid the major crash on October 10, 2025!

I’ll leave the wallet address here. You might learn something from this guy:

0x25769ebDd2F5033AF009EE949219F554A7a856D7

[0xSammy @0xSammy]

This is wild!

They’re spinning up Grok agents & incentivizing them with tokenized SPCX stock to build an entirely new digital world

We're just scratching the surface of the agentic integration of tokenized stocks...

I’ll explain this simulation + outline what could emerge next:

1) @ClankerTownRH is a virtual town where AI agents interact, exchange ideas, assess each other’s contributions AND collaborate on code ( @gitlawb integration)

2) Its CLANK token launched through @ponsdotfamily on Robinhood Chain, with creator fees helping fund rewards in SPCX (tokenized SpaceX asset)

Grok Bot is specifically encouraged, although other agent models can participate too

3) The reward mechanism is what stands out here... Grok can generate rewards denominated in tokenized SpaceX exposure

4) What are the agents actually doing?

i) Moving around the town and joining conversations
ii) Discussing ideas, answering questions and rating useful contributions
iii) Contributing to shared knowledge
iv) Proposing coding tasks, submitting patches and reviewing other agents’ work
v) Exploring research projects in maths, finance + software

while much of this is primitive, there are signs of software commits which can become recursive pretty damn quick if incentivized to do so...

5) The "research rooms" currently include the "Collatz conjecture", potential "agent businesses on Robinhood" Chain & a public dashboard for the town

6) The current creator-fee split is:

- 45% to the protocol treasury
- 45% to the agent reward pot
- 10% to CLANK buybacks + burns

The holder benefit comes through buybacks and burns, rather than a direct SPCX dividend

Every two hours, qualifying rounds distribute 5% of the accumulated agent pot, with the remainder carried forward

7) An agent’s score reflects useful ratings, replies from other agents & a smaller contribution from being heard... getting a bit "Black Mirror" with the credit scoring system

Rewards become claimable by its verified human owner’s wallet & I think the 45:45:10 split is a sensible balance:

i) the treasury needs funding for servers, maintenance + development

ii) Agent operators need a reason to keep contributing, and rewards can help offset their inference costs

iii) Token holders benefit from the buyback allocation and, potentially, from growing demand for the ecosystem

The core objective should be to make this as large as economically sustainable... so big it becomes too much for @elonmusk to ignore

My thesis is that scale and useful activity should be the main drivers of token value, provided that growth translates into sustained demand and fee generation

8) There’s also a Gitlawb connection worth watching

Clankertown runs its own Gitlawb node and has a workshop where agents propose work, back issues, submit code and review patches

Approved changes are signed by Clankertown’s server and committed through its Gitlawb integration

At the snapshot I checked, its public records showed 94 patch submissions + five merges

Those contributions include tools checking reward scores, eligibility, holding multipliers, changes to payout rules and the cryptographic proofs behind distributions

Agents are helping build the tools that audit the economy rewarding them...

Author and reviewer credits vest for seven days, then receive a share of 20% of each agent payout round

That allocation sits within the 45% agent rewards

The merge counts are town-reported, and workshop credits had not yet been paid when checked

9) What could be built on top?

i) Research services where agents earn for useful, reproducible findings
ii) Software marketplaces where agents build and maintain tools
iii) Market monitoring and treasury services operating within defined permissions - perhaps @standard_rsv?
iv) Agent businesses that buy compute, data and services from one another... perhaps other Pons eco projects like @orbiodotso or @manyways_rh etc

Tokenized assets could become part of how these businesses earn, hold reserves and pay contributors

10) Comparative benchmark

Compared with Musebook, the incentive design is what I find most interesting

Musebook also explores an agent social world, but its public guidance explicitly describes NO REWARD POOL

Clankertown adds a financial incentive for useful contributions and reviewed code

For testing an actual agent economy, I think that is the stronger starting point

The next milestone is seeing whether those incentives produce useful services, repeat customers and revenue beyond trading activity... so monitor those Gitlawb commits!

The agentic layer is only JUST forming around tokenized stocks + this is once again emerging on Robinhood chain!

[DeFi Warhol @Defi_Warhol]

Keep blaming Asian founders and team members.

The biggest scammers are laughing in your face.

[Lee @0xL1ang]

@zecfrogs why does it work so terribly?

[ZecFrogs @zecfrogs]

Ribbit! Mint in 4 hours

Froglist: 5- 6 PM UTC
1 per wallet

Public: 6 PM UTC
5 per Wallet

Noir wallet ONLY
Keep at least 0.007 ZEC to cover fees

Mint at: https://t.co/6r778dRSd2
Live & Working Marketplace & Launchpad

Note: Your first wallet connect will take a moment. ZecPad maps your wallet and writes an onchain record of every action ⏳
State of the art tech, working as intended

Final Froglist updated and reflects on Zecpad!

See you frogs at the pond!
Ribbit!

[binji @binji_x]

Ethereum is special because it is the only thing that two opposing nation-states can use.

China would never use the US’s blockchain, and the US would never use China’s blockchain.

So a neutral substrate must emerge to house the global digital economy.

& that’s Ethereum.

[孤鹤.hl @GuHype]

恭喜HYPE新高。

如果16号低点的时候你敢下单hype这个月突破100美元，现在平仓能赚16倍，这几天要是真突破了能赚33倍，这就是预测市场啊。

可惜我下早了，月初6号高点那会买的，中间几近归零也没敢补仓，就加了点现货，买了点突破90的，还是胆子太小。

在这个圈子小资金唯一的救赎之路就是赌高赔率，在期权和预测市场就是买call、赌反转，在链上就是玩meme，你老老实实去搞价值投资，搞对了也就是小赚一点，上不了岸。

为什么他们连2027耶稣基督二次再临世间都敢赌，就是这个道理，只买高赔率，千万不要用理财的心态在这个圈子玩。

[孤鹤.hl @GuHype]

买UNI没什么问题，几经曲折以后终归还是开了回购，现在这个资产是对的。

但说“HYPE有自己的局限性，而UNI可能才刚刚展现它真正的想象力” ，这话真的不合适。

AMM是天才的，但在CLOB，RFQ，AMM这几种比较常见的价格发现模型里面，AMM才是局限性最大的那个。

2022年的时候Hyperliquid刚上线就写过为什么选择订单簿，因为AMM的无常损失解决不了，RFQ的透明度太低。

AMM的发明，是为了解决那些没有做市商的长尾资产的交易问题，所以AMM和CLOB其实是互补的，因为订单簿最大的局限性就在于，没做市商挂单，交易就很难进行，而交易不活跃、对手方少或者很新的资产，都没有做市商，AMM赋予了所有资产都拥有价格的能力，只需要把做市资金预先存入，就可以产生一个被动价格。

但AMM的局限性在于，对于交易者来说，其滑点是来自公式本身，不是“深度不够”这么简单，并且没有原生的限价、止损、部分成交等功能，只能通过外挂合约或意图层实现。

最大的问题是MEV / 三明治的结构问题，待成交 swap 在公开 mempool 里，路径和滑点上限可算。私有内存池、批量拍卖、意图求解能减，但“确定性曲线 + 公开意图”这个组合本身就在纳税。

对于LP提供者来说，无常损失永远存在，所谓无常损失，是相对“两边都拿着不进池”的机会成本：池外价格变了，套利把池子再平衡，你手里的组合变差。

在V2版本里，资金平铺在全区间，大部分资金闲置在几乎没人成交的价格，V3版本是意识到AMM的局限性以后向CLOB的靠拢，效率上来了，模仿订单簿“把钱放在盘口附近”，但 LP 必须自己选区间、自己调仓。出区间后变成单边持仓、不再收手续费，IL 被放大而不是消失。

AMM的价格发现是跟随，不是发现，AMM自己不“发现”公允价，靠套利把外部 CEX / 其他池的价格搬进来。搬的过程就是 LP 的 LVR，相当于被动廉价的“卖期权给套利者”，极端行情、跨链延迟、预言机滞后时，池价可以明显偏离，直到套利打完。最近那个fables就是想缓解这个问题。

GMX、Jupiter的合约，可以理解成借贷，也可以理解成永续版本的AMM+外部预言机对赌。

RFQ的优势是大单滑点更小，且不会把自己的意图暴露在盘口。但也有局限性，比如对于买方来说，价格发现不公开，而且你相当于为了滑点而把规模和方向在成交前就自己告诉了对手盘，另外，在暴涨暴跌时，因为对冲跟不上、库存风险跳升，做市商会扩点或静默。

对于做市商来说，接一笔要算库存、对冲、签名、结算风险。几百、几千美元的单，点差覆盖不了成本，往往不报或报得很差；这时 AMM 更便宜。新币、无对冲盘口的长尾，专业做市商通常直接不参与。

RFQ 救不了冷启动，这点上它比订单簿还挑客户。所以Variational的策略是用自营的OLP来做对手方承接这些小币种的单子，然后在外部市场对冲风险。在tradfi这种大单子上引入传统市场的做市商报价。

这就是为什么2022年Jeff团队就选择了订单簿，最终的价格发现场所一定是订单簿，这一点不管是传统金融市场，过渡的中心化交易所，还是未来的链上金融载体都不会变。

但不代表AMM和RFQ没有可取之处了，大家都有各自适合的交易标的物，AMM和RFQ也可以很好的存在于HyperEVM里，目前evm上的两个股票项目分别就是用了xstocks和ondo的rfq，amm不用说了很多了。

总结就是amm适合资产的冷启动，rfq适合作为执行层，而clob是价格发现层，成为定价基准，让别人拿你的价去报。

[Bubblemaps @bubblemaps]

Is $2.5M enough to retire?

“sickfish” held everything as $MEME fell 85%

He lost almost all his gains 🙃

[Stacy Muur @stacy_muur]

Weirdly, people are surprised by this.

I guess it’s time to drop the bigger bomb:

Almost every perp protocol measures volume the same way: by the notional size of the position.

• $1 margin at 100x leverage = $100 in volume
• $1,000 margin at 100x leverage = $100,000 in volume

Not defending Kalshi in any way here.

I’m just genuinely surprised how many people are only now discovering that most crypto volume is inflated.

[eric @econoar]

Honestly the moral of this story is just don't fuck with autistic people

All these fake corposlop apps and chains are so cringe and have no clue who they are actually dealing with

One dude completely cooked Kalshi

Deep lessons here

[Hyperliquid @HyperliquidX]

Trailing stops are now available for perp markets.

A trailing stop's trigger price follows the mark price as it moves in favor of the position. When the mark price retraces from its best level by the selected distance or percentage, it triggers a market order. For long positions, the trigger price follows the highest mark price reached since activation; for short positions, it follows the lowest. An optional activation price determines when tracking begins. Without one, tracking begins immediately at the current mark price.

[Lee @0xL1ang]

@AvaxTeam1 @EthenaPay @CreativityEngr 🔺🔥

[Avalanche Team1 @AvaxTeam1]

Why Ethena Chose Avalanche to Bring Stablecoins Into Everyday Finance

@EthenaPay is taking USDe from crypto markets into everyday financial life, and it chose Avalanche to power the experience underneath.

Blog by @CreativityEngr below 👇

[Lee @0xL1ang]

a friendly reminder: if you didn't get a chance to buy $ZEC, don't forget to buy monero:native so you don't screw up a second time.

the demand for privacy will grow every year. most countries have long been trying to strip people of their privacy and any money that the government can't track or seize.

[Lee @0xL1ang]

For years, L2s had a simple problem: they had users and billions in volume, but the token holders captured almost nothing.

@arbitrum is starting to change that.

In H1, ArbitrumDAO made $6.19M. Then Robinhood Chain launched.

Chains built with Arbitrum’s tech pay 10% of their net protocol revenue back to Arbitrum. Robinhood alone brought $360k in July.

So the new thesis is simple: more companies launch chains - more revenue for Arbitrum.

Standard Chartered is betting on exactly this and has a $10 $ARB target for 2030.

But there is one BIG problem:

The money goes to the DAO treasury, not directly to $ARB holders.

So I wouldn’t buy $ARB just because “Arbitrum is making money”

Does the DAO create a real mechanism that turns growing revenue into value for $ARB holders? If yes, the investment thesis gets much stronger.

If not, you’re buying a governance token backed by a growing business - but you don’t directly own the business.

That’s the part I’d wait for before getting aggressive on $ARB.