Midokin

Lonely Alpha Hunter

[Downsin Jerome @downsin]

Long ass essay incoming, read or don't idc:

A lot of KOLs try to push new people to ape massive 150m mcap "conviction bags" because they are already up 10000x.

This strat really doesn't work if you are new in the space and don't have ammo to fire on a bunch of random things. These KOLs have enough money to buy 1000 different tokens without being financially ruined. When one moons, they brag about it and try to use all of you as exit liquidity.

People need to go back to actually hunting and finding real insider wallets, looking for interesting launches, understanding the basics of smart contracts, going through etherscan (or whichever chain) and studying behavior, finding patterns, etc.

It's the sad truth but you are not going to make it with 2 sol if you are buying KOL shills that already mooned. A lot of KOLs will probably disagree but this is genuine advice. All of the money I have ever made has been from finding things very early myself before KOLs start shilling. I have gone from 7 figs to 0 and back to 7 figs like 5 different times in the past few years.

You need to find an edge and use that to really get ahead, don't be exit liquidity and don't blindly follow over-enthusiastic KOLs who are euphoric with their 7-8 fig bags.

GN

[Marusha @maruushae]

The world portrayed by twitter user vs reality

[Artchick 🔥👠 @digitalartchick]

"Pepe was launched in these conditions"

No, it wasn't.

Pepe was launched when hundreds were paying attention to memes, not tens of thousands

Pepe was launched on LPs that did not have extractive fees on every swap

Pepe was launched when web3 was flush with cash from the NFT bull run

Pepe was launched when 10 other coins were launched every day, not every second

Pepe was launched well before the commercialization of memecoins, before the word "KOL" existed, before 20 year olds were constantly bombarded with doomer propaganda about how they are running out of time to make it

Pepe was launched when the crypto total marketcap consisted of maybe 5% of the coins available today

Pepe was not just a random meme that made it, it was the first popular onchain meme with fix supply and locked liquidity, to this day even after a million trillion % drawdown the main LP holds more liquid value than any other coin in all of crypto (read that again) remember Shib and Doge ran on razor thin CEX liquidity which is why they pumped so fast and dumped even faster

There will never be another Pepe for the same reason there will never be another Bitcoin

Furthermore, I know I sound like a broken record since last year, but the memecoin supercycle is over. If you haven't made it by now then you'll need to find another way, if you truly believe the clock is running out then you are wasting time, the game is too crowded now and the inefficiencies that minted millionaires in 2024/2025 have vanished, you are not trading with hundreds of wealthy NFT market beneficiaries, you are trading against tens of thousands of desperate 20 somethings who have been conditioned not to hold coins longer than 58 seconds and dare I say for good reason

No, Pepe was not launched in these conditions, y'all dont know what tf you're talking about this market is unrecognizable from April 2023. You bring shame on the frog by even suggesting such blasphemy. The memecoin supercycle already happened and now it is over, go home

[Midokin @Midokinius]

@kmoney nah, back then, we didn't have popular launchpads with endless token launches

[Meme Tiles @MemeTilesGame]

available on @baseapp

[Tradinator @Tradinator33]

@badattrading_ 2024 trenching was actual warfare ngl

you either came out with life changing money or life changing trauma

[Midokin @Midokinius]

@vx_shark thank you, Mister Shark ❤️‍🔥

[Midokin @Midokinius]

@vx_shark Do you think there will be a chances for those who failed their first cycle, or are such opportunities now a thing of the past? (I remember 2022, when there seemed to be more opportunities and faith in the future)

[The Wheeler Dealer 🌍 @WheelerrDealerr]

the true vision of @Pumpfun's scheming machinations is for every coin to top out sub 1m and there to be 100s of thousands of txs per day, ideally every coin is a tokenisation of short half-life virality, where LPs are rinsed in increasingly shorter spirals, all getting taxed to absolute fuck, as they sprinkle protocol updates on top that benefit absolutely nobody besides predatory Devs/KOLs.

they are building a casino with dogshit RTPs, where everything is heavily rigged, liquidity is hyper-fractionalised, and nobody really ever wins, just so that the liquidity is CONSTANTLY ROTATING.

ever growing number of txs, more and more liquidity taxed at source for alon to accumulate in fees to market dump and extract. he doesn't even need to exit scam, he can just perpetually milk the trenches, pay his lackeys a little salary to shill his dog shit updates, and eke out every last penny available.

zero community, permanent sifting of the money supply into their nets. rotten succubi, a truly devilish scheme of the absolutely most parasitic nature.

[Midokin @Midokinius]

@DollarDreamYT facts

[Edward Morra @edwardmorra_btc]

Crypto is the most miserable place since Trump got elected. There is nothing even remotely close to it and you can’t convince me otherwise.

[The Wheeler Dealer 🌍 @WheelerrDealerr]

so we got:

-no alt season
-increasingly smaller timeframes of onchain opportunities, each leading to catastrophic rape across all onchain coins, for several years, endless fragmentation of liquidity
-bitcoin making ATHs with no overbought period on the RSI throughout the entire cycle
-blow off top for 'others' with trump coin a full 9+ months BEFORE cycle ATH on BTC
-bitcoin dominance slowly chugging up, no dump into liquidity flows downstream
-boomers cooking on equities and stocks whilst BTC chopped for over a year, before nuking with zero relief, whilst equities bounce after 'blow off top'

[Star_OKX @star_okx]

No complexity. No accident.
10/10 was caused by irresponsible marketing campaigns by certain companies.

On October 10, tens of billions of dollars were liquidated. As CEO of OKX, we observed clearly that the crypto market’s microstructure fundamentally changed after that day.

Many industry participants believe the damage was more severe than the FTX collapse. Since then, there has been extensive discussion about why it happened and how to prevent a recurrence. The root causes are not difficult to identify.

⸻

What actually happened
1.Binance launched a temporary user-acquisition campaign offering 12% APY on USDe, while allowing USDe to be used as collateral with the same treatment as USDT and USDC, and without effective limits.
2.USDe is a tokenized hedge fund product.
Ethena raises capital via a so-called “stablecoin,” deploys it into index arbitrage and algorithmic trading strategies, and tokenizes the resulting fund. The token can then be deposited on exchanges to earn yield.
3.USDe is fundamentally different from products such as
BlackRock BUIDL and Franklin Templeton BENJI, which are tokenized money market funds with low-risk profiles.
USDe, by contrast, embeds hedge-fund-level risk. This difference is structural, not cosmetic.
4.Binance users were encouraged to convert USDT and USDC into USDe to earn attractive yields, without sufficient emphasis on the underlying risks. From a user’s perspective, trading with USDe appeared no different from trading with traditional stablecoins—while the actual risk profile was materially higher.
5.Risk escalated further as users:
•converted USDT/USDC into USDe,
•used USDe as collateral to borrow USDT,
•converted the borrowed USDT back into USDe,
•and repeated the cycle.
This leverage loop produced artificial APYs of 24%, 36%, and even 70%+, widely perceived as “low risk” simply because they were offered by a major platform. Systemic risk accumulated rapidly across the global crypto market.
https://t.co/IK2gW4xUOP that point, even a small market shock was sufficient to trigger a collapse.
When volatility hit, USDe depegged quickly. Cascading liquidations followed, and weaknesses in risk management around assets such as WETH and BNSOL further amplified the crash. Some tokens briefly traded near zero.
The damage to global users and companies—including OKX customers—was severe, and recovery will take time.

⸻

Why this matters

I am discussing the root cause, not assigning blame or launching an attack on Binance. Speaking openly about systemic risks is sometimes uncomfortable, but it is necessary if the industry is to mature responsibly.

I expect there may be significant misinformation and coordinated FUD directed at OKX in the near future. Even so, speaking honestly about systemic risk is the right thing to do—and we will continue to do so.

As the largest global platform, Binance has outsized influence—and corresponding responsibility—as an industry leader. Long-term trust in crypto cannot be built on short-term yield games, excessive leverage, or marketing practices that obscure risk.

The industry needs leaders who prioritize market stability, transparency, and responsible innovation—not a winner-take-all mentality where criticism is treated as hostility.

Crypto is still early.
What we choose to normalize today will determine whether this industry earns lasting trust—or repeats the same mistakes again.

[Conviction Meta @conviction_meta]

What happened to the trenches?

If you compared the trenches to Fortnight or Warzone, Battle Royale with 1,000 participants and every man for himself

It would be similar to 5-10 bros deciding to team up without telling the solo players and running shit

Then the top 5 teams of 5-10 bros team up together and ultimately, 50-100 bros have control over 1,000 people and the outcome of each Battle Royale

In real life, you get kicked for cheating, but in the trenches you get praised for this behavior

[Midokin @Midokinius]

@BabyPenguinSol baby $penguin 🫶

[Midokin @Midokinius]

@BabyPenguinSol ❄️🐧🏔️

[Baby Penguin @BabyPenguinSol]

One Baby $Penguin. One year. Endured the Antartic hell solo. No shortcuts, just pure $Penguin endurance and fluffly resilience shining through. Built real lore in frost. Time to circle back to the source! ❄️🐧👑

F7P4MoVEKxMKP37u8NKPMJTMdP3dQGxhjUqisgaApump

[Midokin @Midokinius]

@SirisCrypt >usd1 szn
>main runner at 25m
lfg

[Midokin @Midokinius]

@worldlibertyfi it's so $YUGE

[Niggerbob RapePants @NigBobRapePants]

What do you think, @TheWhiteWhaleV2 ? I’ll go “halfsies” with you on the next @SphereVegas rental. I’ll even rape you in the snowball fight! 😃😈☝🏿