This is fucked up on so many levels.
Since Oct 10th, $70 BILLION in crypto leveraged positions has been liquidated.
Where did it go? Straight to insiders, MMs, and exchanges.
Think about this: Total Altcoin MCap is sitting at $168B today. If that $70B of wiped-out capital went into these spot assets instead, alts would be significantly higher.
The obsession with gambling on memecoins and high-leverage futures trading to get rich overnight has completely ruined retail investing.
Please HOLD IN SPOT and stop destroying your portfolio with leverage
The future of privacy is @RAILGUN_Project.
Zk proofs> $XMR ring signatures>ZEC
*I have no position either way but the Railgun janitor is a personal friend and I love the project 🤝
This is fucking INSANE.
$5,579,000,000 worth of crypto leveraged positions has been liquidated in just 5 days.
I have been saying for years that you shouldn't touch leverage. After what happened on October 10th and February 6th, you should understand that retail has no edge in leverage trading and should stick to spot.
Its mindblowing how slept on @anondotinc is. U can make all ur DeFi (all of it) ZK private TODAY w the most advanced wallet ever made. U can gamble 50x leverage on perp and "privacy" coins and u can do it all privately using RAILGUN infra. This is $RAIL, not theoretical.
Privacy SZN has arrived and ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d has a seat at the big boy table 💪🏾. @ambire unlocking frictionless wallet privacy
In the not-so-distant future, sending crypto won’t mean exposing your entire financial history.
Private transfers, coming to a wallet near you.
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Nothing’s changed except the market sucks. $rail is still the no brainer privacy play. Don’t watch the price…watch what’s getting done to the tech. Integrations daily. Hundreds of SDK downloads weekly. Something big is brewing and when it drops don’t say I didn’t warn you 😏
ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d might be the best privacy play right now
- 75% staked
- No unlocks
- New TAM opening this summer
- Basically the privacy play on EVM
The market is really nice for giving an entry like that