BoredMoney 🍌 | Prism

OG @cryptopunks 7914 | BAYC | ⟠ Co-Founder, Managing Partner @Prism17Capital

[BoredMoney 🍌 | Prism @BoredMoney]

A $LIBRA Story: Precision Harvesting of Smart Money

For context, $LIBRA is a token recently promoted by Argentine President Javier Milei. It experienced a dramatic rise and fall within 24 hours, surging to a $4.5 billion market cap within two hours of Milei's tweet. According to @bubblemaps ,82% of $LIBRA is held within a single cluster, with insiders withdrawing $87 million in liquidity.

In this game of wits, $LIBRA expertly reaped the smart money. Here are the seven key points:

1. Moonshot’s Role : Moonshot played a major role in $LIBRA’s collapse. In the previous Trump token post-mortem, Moonshot’s immediate launch was what encouraged many traders to go all in.

2. Timing Is Everything : Unless you spotted it within 5–6 minutes and jumped in within 10, there was zero chance to double your money. The operators clearly understand how heavy-bag holders think—and they specifically targeted them. Interesting.

3. The Name Game : Naming it Libra instead of Milei was a genius move. Normies don’t fully grasp Milei’s libertarian ideology, but smart money investors assumed they had spotted an exclusive insight. This overconfidence led them to load up on the token.

4. Soft Rug via Liquidity Tweaks : Instead of a blatant dev dump, they executed a soft rug pull by adjusting the liquidity pool. The community is usually hyper-aware of direct sell-offs but slower to react to liquidity manipulation. This gave the devs an extra 30 minutes to execute their exit strategy.

5. Choosing Milei as the Figurehead : Milei was the perfect pick. After Trump, he’s the most hyped political figure in the right-wing space—arguably even more extreme and outspoken.

6. The Big Pool : From the start, they set up a massive $200M USDC liquidity pool, which made the project seem both legitimate and well-backed.

7. Valuation Traps : Smart money investors applied a pre-Trump token valuation model, expecting a run-up to $7. But once the price hit $4.5, momentum stalled, trapping those who planned to exit at $5–6.

Summary
It’s clear the devs meticulously studied past Trump token post-mortems and crafted a well-executed trap. Gotta respect that level of planning.

Ideas credited to @bitfool1 from the chinese community

[BoredMoney 🍌 | Prism @BoredMoney]

@WatcherGuru Leave this man alone 😢 Every year on this day, his scars are reopened.

[BoredMoney 🍌 | Prism @BoredMoney]

@mfigge Exclusive ‘members only’ merch should include a unique serial number or QR code for authenticity verification, and be limited to one item per BAYC/MAYC holder

[CryptoYesNo @CryptoYesNo]

Well let me be honest or whatever you wanna call …. But I won’t pay more than $40 for a $40 hat simple that probably cost $5 to make.
This dropped when I was in meeting and by the time I was out sold out. Why? Because opportunistic friends buy more than what they need to sell for $50 or $100 or whatever $ profit. We should be better than that as community instead of trying to screw each other.

Why didn’t you guys make enough for all Yuga holders to be able to buy one? That’s probably $35 profit per hat for you guys. I won’t spend a $ more not because of that extra $ but because of respecting myself. Thanks @mfigge

[BoredMoney 🍌 | Prism @BoredMoney]

@elonmusk @MrBeast Cybertruck VS Stamping machine. you got challenged

[figge @mfigge]

Over the past few years, I’ve woken up to random @CoinDesk articles shitting on our industry, and specifically NFTs.

That alone wouldn't bother me. Criticism is healthy. The press should hold this space accountable.

But while Coindesk takes $ 300k+ to write glowing “research” around companies in crypto, they also write ragebait headlines that shit on the same industry.

Pretty annoying to see.

It’s bad journalism to ask for $ 300k+ for an article, and if we don’t pay, you write negatively about us.

There are so many other news outlets actually trying to make it by covering bright stories in our industry.

There are so many other twitter spaces and communities that show up daily to move the space forward.

But what Coindesk is doing can’t be a sustainable model.

So a few weeks ago I opened up a short position on Coindesk’s parent company, Bullish.

This isn’t about money, it’s about principle.

The principle: you can’t hurt our community for your corporate gain.

Why can a business shit on an industry it participates in and still aim to profit within it?

Well, it can’t.

That was my bet anyway.

I’ve now closed the short up $5,387.46.

To be clear: the position is closed. Nothing I write here profits me from a trading standpoint. The trade is over. What's left is the principle.

I will use the money to take Bored Apes out to dinners, or Laker Games, or whatever the fuck I want - and every time I do, I will post an entire article about how I got the money (shorting Coindesk) and why I think Coindesk’s current approach is bad for our industry.

Congrats Coindesk, you’re now at war with a fucking psycho.

I will relentlessly bearpost this behavior until a representative reaches out to me and assures me that they’re going to knock this shit off.

[BoredMoney 🍌 | Prism @BoredMoney]

@0xPickleCati 5）星象派系

BTC上半年土星压制，风险偏好下降，行情缓跌震荡；年中木星扩张，流动性与叙事爆发，价格加速上涨；Q3水星逆行，假突破与插针频发，剧烈洗盘；年末进入收割阶段，高位震荡回落并形成平台。本质是情绪周期主导。

[BoredMoney 🍌 | Prism @BoredMoney]

@WhatsApp @cb_doge It must be somebody else’s fault

[BoredMoney 🍌 | Prism @BoredMoney]

@worldlibertyfi @justinsuntron Fight fight fight

[BoredMoney 🍌 | Prism @BoredMoney]

@tbpn @cz_binance Thought CZ is no longer the ceo of binance ? 👀

[BoredMoney 🍌 | Prism @BoredMoney]

@BoredApeYC @BoredApeGazette @SnoopDogg Dope

[BoredMoney 🍌 | Prism @BoredMoney]

@KobeissiLetter Elon musk wins again

[Bored Ape Yacht Club 🍌 @BoredApeYC]

Bored Ape Yacht Club
https://t.co/tQvUaws1S8

[BoredMoney 🍌 | Prism @BoredMoney]

@CryptoKaleo The dark forest theory for real 😂

[BoredMoney 🍌 | Prism @BoredMoney]

@AdamWeitsman @0xJZhao Thanks for everything you’ve done to the NFT space🫶🏽

[BoredMoney 🍌 | Prism @BoredMoney]

@ShishirShelke1 I feel being naked and raped 🥲

[BoredMoney 🍌 | Prism @BoredMoney]

@nikitabier @teslaownersSV China probably topped in this list 👀

[BoredMoney 🍌 | Prism @BoredMoney]

@Backpack JUST market manipulation

[BoredMoney 🍌 | Prism @BoredMoney]

@Deviru2208 @FattyNatsu That’s true

[BoredMoney 🍌 | Prism @BoredMoney]

@FattyNatsu Facts

[BoredMoney 🍌 | Prism @BoredMoney]

@_FORAB 向恐怖份子納稅不會有好結果

[BoredMoney 🍌 | Prism @BoredMoney]

@zachxbt @wanglaurentceo Mario is so many things but he ain’t an impersonator