He predicted Trump’s victory in 2021.
He shorted $LUNA at $90.
This is GCR - the best crypto trader to ever exist.
He went from being worth $1,000 to being a billionaire.🧵👇
correct me if I'm wrong but this seems like the largest ever single-block builder profit in ethereum history, ~$33m to titan
it also may be one of the largest MEV block rewards ever on eth, a 568 ETH proposer payment which falls just behind the SVB USDC depeg (had a 692 ETH payment), 2023 sushiswap whitehat hack (689 ETH), and 2023 curve whitehat hack (584 ETH)
others already commented on the original issues with the order (illiquid route + insane $155k AAVE limit price), but here's where the $50m went:
- $36k to the user's cowswap order (331 AAVE)
- $619k cowswap solver fee
- ~$9.9m to the MEV bot that backran the 17,957 ETH -> 331 AAVE swap (backrun was 128 AAVE -> 17,959 ETH)
- another ~$2.6m to the same MEV bot from backrunning the $50m USDT -> $37m WETH swap over multiple txs
- ~$34.3m fee to titan from the MEV bot (includes $1.2m to lido as the block proposer)
- ~$3.5m in dex swap fees + residual smaller arb txs
insane payday for titan, who sent their profits to coinbase, and this single MEV bot took the majority of the arbs in both the illiquid AAVE/WETH pool and the $13m slippage swap in the main USDT/WETH pool
With $LIT slipping below a $1bn FDV, it's safe to say the alt perp dex point farming meta is over. Would highly recommend to stop trading inorganically for points.
Incredibly hard to see Extended, Rado, Variational, Reya, Ostium etc debuting at over 25-35% of @Lighter_xyz FDV (think $250-350m ceiling). Even that might be ambitious depending on market conditions, but it lines up with Polymarket odds. I think the PA we saw with $DIME was less an indictment of Paradex and more so a wake up call of what we're likely to see more of for other perp dex TGE.
Probably bearish for TreadFi too, and any other part of the industrial point farming complex.
I would even bet that it's sub 50% chance that there will be a @tradexyz token within the next 2 years, possibly ever. I think most HIP3 farmers expecting a monster airdrop are likely to be very disappointed. The only liquid way to bet on HIP3 adoption specifically at this point is $KNTQ, and I'd say it's currently reasonably valued at $130m FDV.
As boring and consensus as it is to reiterate, it's all pretty bullish for $HYPE . As point values plummet, which I'd estimate they all have tanked about 50-75% YTD, way less incentive to do volume elsewhere. Way less pressure on @HyperliquidX to do a huge airdrop too. In the same time the competitions' marketing budgets (notional airdrop allocation) have plummeted, $HYPE has held up. They could do a 1% supply airdrop per year and it'd exceed all their competitors market cap.
Nature is healing and this silly meta is over.
Wake up, eight sleep gives me a 72/100 sleep score.
Brush teeth with Oral-B iO, only 64% coverage.
Step on withings scale, body composition down 0.3%
whoop says my recovery is 41%
sit on the toilet Vivoo analyzes my urine in real time, 6.2 pH. suboptimal.
oura ring says my HRV dropped while i was pooping
open levels app, glucose spiked from looking at a banana
get in tesla, safety score dropped to 94 because i braked too hard arrive at work
manager says my productivity score is in the 38th percentile
go home, eight sleep starts cooling my bed at 7:43pm without asking
lie in the dark wondering what my existential dread score is
apple watch taps my wrist: "it seems like you're having a hard time. breathe."
If Thiel shared pnl screenshots, he’d mog every single one of you here.
Facebook — $500k to $1.1B (2190x)
Airbnb — $7m to $1.1B (150x)
Palantir — $30m to $2.4B (80x)
Stripe — $2m to $200m (100x)
SpaceX — $20m to $500m (24x)
LinkedIn — $5m to $100m (20x)
didn't invest in aztec
didn't invest in gensyn
didn't invest in zama
didn't invest in almanak
didn't invest in superform
didn't invest in vooi
didn't invest in espresso
didn't invest in huddle
didn't invest in rainbow
didn't invest in ten protocol
didn't invest in monad ico on coinbase
because I don't have money
Aztec ICO $0.0464 -> now $0.0190
Zama ICO $0.05 -> now $0.01972
Espresso ICO $0.112 -> now $0.0767
RNBW ICO $0.10 -> now $0.0344
Trove ICO $0.02 -> now $0.000042
We never learn and will join another ICO and get rugged again, I'm tired boss
I think we are having/had our mini dot com bubble burst
Alt seasons are a relic from the past, too many tokens now. Few tokens will outperform while bitcoin keeps going up
Much more sustainable + real utility will come out from it, position wisely
Next time you feel bad for missing something that mooned
Imagine being SBF:
- Put $500m into Anthropic, which would now be worth $70b.
- Held $60m in $SOL at $8 that would've been worth $2.1b at the top.
- Put $100m into Mysten Labs that would now be worth over $800m.
- Invested in Robinhood and held a 7.5% stake that would now be worth $10b.
Instead, everything got seized before they went up, and he missed out on $80b in profits 😭
the first group of millionaires i met were people who bought bitcoin and ethereum at $80 and $1 because they believed in it
the next group were people who made millions from buying nfts they loved very early because they loved it
the next group of millionaires i met were the one who collected pokemon and trading cards growing up and been doing so until today
pursue what you love, it'll always turn out well