Elvy ✳️

Developer | Abstract lover.

[Elvy ✳️ @MikeGenesio]

@kevinfinalbosu Heyyy

[Simon Dedic @sjdedic]

My thoughts on yesterday’s crypto crash:

TLDR: We’ll be fine. We always are.

I’ve been in this industry for 9 years now, and I’d say I’ve really seen it all. The COVID crash, the $LUNA meltdown, the FTX collapse, you name it.

But what we witnessed yesterday felt very different from most things I’ve experienced before. While many coins look completely wrecked on the charts, it didn’t feel as dramatic to me as some of the true black swan events we’ve seen in the past.

Don’t get me wrong, I’m not trying to downplay it. Yesterday was the largest liquidation event in crypto history, and my heart genuinely goes out to everyone - friends, colleagues, and beyond - who suffered massive losses that will take a long time to recover from. I wish this on no one.

However, while we still don’t fully understand what happened, the big difference this time is that there doesn’t seem to be a fundamental reason for such an extreme crash. Sure, Trump’s tariff threats against China might have started the dump, but that alone surely doesn’t justify -99% crashes across major caps.

It really feels like something went seriously wrong behind the scenes at Binance or a major market maker, triggering a one-of-a-kind liquidation cascade that wiped out liquidity across the board and sent some assets literally to zero.

As much as I criticize Binance at times, they’ve always had the most robust trading infrastructure in the industry. So seeing price action like this even happen on their platform felt very strange, and even stranger was the fact that Binance literally stopped working for 10–20 minutes when I tried to buy those -90% dips.

That suspicion grew even stronger when I switched to DEXs to buy. Prices there for assets like $PUMP or $JTO were around 25% higher than on Binance. Tokens like $CARDS, which aren’t listed on major exchanges, were affected significantly less. Normally, during fundamental market crashes, it’s exactly the other way around.

Rumors are already flying, and I’m sure we’ll get more clarity in the next few days. But from what I can judge and from almost a decade of living and breathing this industry: my gut says this was a massive technical issue, not a fundamental one.

And that, to me, is bullish.

For context, the COVID crash and FTX collapse hit me hard. Back then, I genuinely thought it might be over. I remember feeling anxious for days, even weeks, questioning my entire future in this space.

This time felt completely different. I bought immediately, and after reflecting for about 10 hours, I want to buy even more.

I know many of you are going through a tough time right now, and I’m deeply sorry for your losses. Nobody could have predicted this and trust me, even the biggest OGs and professionals in this space got hit badly.

But nothing fundamental has changed about this industry. The only question you should ask yourself right now is:

“How much do I truly believe in crypto long term?”

If you doubt that crypto as a whole can survive or thrive long term, I understand why you might be too afraid to buy right now. But in that case, you probably weren’t here for the right reasons to begin with.

As for me, I have zero doubt. This industry isn’t just here to stay, it’s on track to 10x from here and beyond. It’s only a matter of time.

So why would I panic over a technical glitch that caused prices to drop -99%? Of course, it’s painful, but rationally speaking, this might be one of the greatest opportunities you’ll ever get in your lifetime.

Don’t bury your head in the sand, not after everything we’ve survived over the past years. Events like this separate the wheat from the chaff, the winners from the losers.

If it’s even remotely possible for you right now, just survive. That’s all you need to do.

I promise you, you won’t regret it.

[Elvy ✳️ @MikeGenesio]

@astroschlag Astrogoat !

[Elvy ✳️ @MikeGenesio]

@SabriAdonis @astroschlag @rusk0f

[Elvy ✳️ @MikeGenesio]

@elfy_411 @MoodyMights @gacha_game_ @playgigaverse Gmabs Eka ! Have a nice we 😊

[Elvy ✳️ @MikeGenesio]

@elfy_411 @dailax @Azino_x @merheb @AbstractChain @Abstract_Eco Ohhh congrats Ekaterina ! Such a good news. See you on your stream ☺️

[Elvy ✳️ @MikeGenesio]

Massive sweep on @playgigaverse ? 👀

Floor price ath 🔥

[Elvy ✳️ @MikeGenesio]

@elfy_411 @MoodyMights Only 10 🥺 ? And you ?

[Elvy ✳️ @MikeGenesio]

I think I'm a bit late, but I just finished the Betakkuma event in Moody Madness! 🏎️

I really like the new maps @MoodyMights !

[Elvy ✳️ @MikeGenesio]

@MoodyMights Wen wen ? 👀

[Elvy ✳️ @MikeGenesio]

@fr33domxyz @MoodyMights Thanks a lot mate !

[Elvy ✳️ @MikeGenesio]

@cryptolife1221 @RoachRacingClub @AbstractChain @Abstract_Eco Top 100 soon here ! 🤞
Congrats 🔥

[Elvy ✳️ @MikeGenesio]

@AbstractChain 22 !

0xD2CA0429a686E0A77B4f33A7F8F9744A63D99B1b

[Elvy ✳️ @MikeGenesio]

@Azino_x @Phin_totten @AbstractChain @elfy_411 Oof, hard to catch a screenshot when she's in 8th place ! 😂

Hope she will get approval. She deserves it !

[Elvy ✳️ @MikeGenesio]

@0x_jaybee Gmabs Jaybee !

[Elvy ✳️ @MikeGenesio]

A new feature has appeared in @playgigaverse 🔥

The merchant now lets you buy items that update daily or weekly.

Today, you can buy the Nautical Box, which contains skins that seem to be linked to the upcoming game! 👀

[lorenzo @lorenzo_onx]

BREAKING: @AbstractChain co-founder just confirmed that XP will be convertible into $ABS token, ecosystem tokens or even perks like a World Cup ticket🤯

@MindfulMarketOG ｜ @CashBowie

[Elvy ✳️ @MikeGenesio]

@SoMinoS5 @AbstractChain @layerhub Ouais mais t'as plus d'XP hehe

[Elvy ✳️ @MikeGenesio]

First time I'm checking this out, and apparently I'm in the top 300 on Abstract!

Seems pretty good to me, right @AbstractChain ?

[armosR🏕️ @armosrenatox]

Let me see your ranking👀 @AbstractChain

[Elvy ✳️ @MikeGenesio]

@SoMinoS5 @AbstractChain @layerhub Niceee 🔥

[Elvy ✳️ @MikeGenesio]

@SoMinoS5 @AbstractChain Merci !
C'est @layerhub !

Tu me diras ce que ça donne 😊