@bdp_399 Cutting 50% at 100M mcap > into long term bags
From there, will review overall market strength and make my next decision
Strong narrative that I think has $500M+ potential, but lets crack $100M first
$GINNAN
$35M market cap
A bit late, but given the bipolar market trend and ongoing https://t.co/9lRyPDT7hu nonsense, I’ve been very weary of micro/small caps.
Got a strong feeling $GINNAN bottomed and is likely the next big Sol runner.
GinNabffZL4fUj9Vactxha74GDAW8kDPGaHqMtMzps2f
https://t.co/cMQByMKvGT
Many never got to experience 2020-2021 when the Twitter feed was filled with actual alpha
Now it’s utter garbage, arguments, mass accounts who can’t trade farming followers via useless threads, celebrities and bots
The glory days are over & only the strongest will survive
🚨 User Funds across Ethereum Layer 2 Blockchains are at MAJOR RISK, including Blast, Optimism, Mantle, and Coinbase's Base!!! We audited 4 of the Largest Layer 2 Blockchains, and found a major concern.
Layer 2 Blockchains use Multisig Wallets, short for "multiple signature", to perform actions to their Blockchain. These actions include anything from moving Treasury funds, to making upgrades to the blockchain, to anything else imaginable. Multiple signatures are required as a security measure to make sure that one rogue employee doesn't drain the Company Treasury, or delete code or steal user funds... By having multiple wallets sign a transaction, it is supposed to mean that the preapproved amount of "core members" approve of the transaction being proposed.
We audited 4 of the Top Layer 2 Blockchains, accounting for over 80% of the Total Value Locked across all Layer 2's, and here is what we found 👇
🔴@blast: 3 of 5 signatures required to perform a transaction. All 5 of their Multisig Signee wallets were setup and originally funded by the same Dev wallet. One person controls enough wallets to drain, delete, or do anything they want to this Blockchain.
🔴@Optimism: 5 of 7 signatures required to perform a transaction. We found that 5 of the 7 Multisig Signee wallets were setup and originally funded by the same Dev wallet. One person controls enough wallets to drain, delete, or do anything they want to this Blockchain.
🔴@0xMantle: 6 of 13 signatures required to perform a transaction. Below you can see 6 of 13 of their Multisig wallets were setup and funded by the same wallet. In addition to this 4 more of their wallets have never had any activity at all, and could very easily also be controlled by the same Entity. One person controls enough wallets to drain, delete, or do anything they want to this Blockchain.
🔴 @coinbase's @base: 4 of 9 signatures required to perform a transaction. Below you can see that their one Dev wallet originally setup and funded 6 of their 9 multisig wallets. One person controls enough wallets to drain, delete, or do anything they want to this Blockchain.
@martypartymusic wrote about the risks of L2's here, which inspired me to put out some of our L2 research shown above. The link to that post can be found here:
https://t.co/3XbfUIoqZ0
What is even more concerning is that BLAST, BASE, and OPTIMISM each had a connection to the same Developer that setup their Multisigs, meaning one person could drain all three.
This calls into question not only their security issues, their integrity, their centralization, but also their relationship, and lack of differentiation of tech. Are they just white label Layer 2 chains spun up to sell you a token? It sure does appear that way.
What are your thoughts?
🫡
$KAMA
1.8M market cap
Sleepy Joe seems to barely know where he is most of the time nowadays.
I think a good chunk of the $BODEN money flows into $KAMA, followed by further attention from there.
HnKkzR1YtFbUUxM6g3iVRS2RY68KHhGV7bNdfF1GCsJB
https://t.co/Rpe1AUTAfX
Here is #Bitcoin overlayed with the most recent US Presidential Elections.
Very interesting to see how price navigates leading into the election & then afterward.
Notice the grey boxes at each cycle top - Historically, price has rallied for roughly 1 year after each election
Crypto Twitter TA accounts are like:
"Oh the price is going down, if this continues we'll probably go lower (good thing I'm short)"
"Nice bounce today, if this goes higher I can see things going even higher (good thing I'm long)"