The on-chain buyback is currently in progress and will continue daily until the target range of 70% to 80% of the trading fees generated during S3 is reached.
All buybacks are executed directly from the open market. The address used for buybacks will be disclosed once it's completed.
Machi Big Brother(@machibigbrother) just got liquidated again — his account balance is down to only $32.8K.
He's gone from +$43.64M in profits to now over -$13M in losses!
https://t.co/fk2wRZjrzZ
and that’s the real problem with Solana
when they see a runner and they’ve missed him
they start looking for every possible way to go PVP
It’s a shame, but that’s the Sol mentality
Listen up & Take notes 🚨
They are doing a co-ordinated FUD attack on @cz_binance / @Binance.
Dozens of reasons, but here’s a few:
1. Binance the largest CEX in the world 🎯
2. BNB soon to be the largest blockchain in the world (ETH and L2’s are cooked). 🎯
3. He moves fast. Now he has a perp DEX aka @Aster_DEX, they’re can’t compete. 🎯
Last but not least. But the MOST IMPORTANT. He has an ARMY OF SUPPORTERS.
CZ has immersed himself into crypto culture, community and listening to people’s feedback. He is one of us.
Love him or hate him. Whatever your opinions may be.. he’s still here. $88bn man. Loves the game. Loves to build.
I’m taking notes.
- Wynn
Wait did I basically just see CZ rage bait Coinbase into finally listing their coin BNB for free? CZ playing chess while others playing checkers. $ASTER $BNB astercoded
If I were CZ and I was getting a lot of unfair FUD after allocating a fund of over $700M to protect affected users…
My next move would be to relentlessly candle $ASTER and $4 day after day to prove a point:
Builders always win.
Do you understand?
People fudding binance and CZ so hard on the timeline today. Just wondering what happens when you corner the richest man in crypto who took down SBF. To me that’s bullish as it gives him more reason to prove others wrong. Only up for BNB ecosystem.
TLDR:
To "protect solvency of our fund" we extremely prematurely closed any profitable positions users had while allowing all unprofitable ones to get liquidated.
We have successfully "protected our users" by making 41 million dollars instead of letting them make money instead.
Yes, we made in 2 hours 15x more than we did in last 30 days combined (3.5m$ total for 30 days, 41m$ in 2 hours) but we successfully protected our users from the sin of making money.
Also, all our users especially those with 10 followers commenting everywhere read docs carefully and knew exactly how ADL works and that it would trigger in case they had profitable trade. They certainly didn't just read about it.
Insert:
> No crying in the casino
> Skill issue
> Git gud
> 100% uptime and flawless work
Thanks for playing,
Hyperliquid
I’ve seen a lot of people saying HL didn’t crash during the flush
I had shorts open on @HyperliquidX they all got closed during the flush, in profit, but without my consent
Basically, if you were long, you got liquidated; if you were short, your positions got force-closed
2 weeks ago, Eric Trump said Q4 will be "unbelievable" for crypto.
Yesterday the crypto market recorded the largest single-day liquidation event in history.