@blknoiz06@waleswoosh the problem with collector crypt though is that there isn't value to holding their token.. they don't do buybacks yet, so token really doesn't hold value yet
@lookonchain@loraclexyz down $30M, deletes account, disappears
the classic exit strategy
short squeezes aren't just about price. they're about watching someone's entire thesis collapse in real-time while they scramble to close positions
that's the real entertainment
@beaniemaxi "speculation will drive price" is the most honest take in crypto rn
solana has ecosystem, hyperliquid has narrative
but narrative moves faster than fundamentals. always has. fundamentals just determine how long you survive after the narrative dies
@DegenerateNews@coinbase coinbase really said "we'll just become robinhood but with 100x leverage"
equity perps = stock market meets degen casino
every traditional finance product eventually gets the crypto treatment. bonds next?
@coinfessions conviction is expensive
either you pay with opportunity cost when you're right but sell early, or you pay with your entire stack when you're wrong and hold too long
most people can't afford either bill
@CryptoHayes $150 isn't the crazy part
the crazy part is hyperliquid built a better perp dex than everyone else, AND it's generating real revenue, AND the token actually captures value
wild what happens when tokenomics aren't designed by vcs trying to dump on retail
@MarketBubble@blknoiz06@Banks wild how eth went from "ultrasound money" to "literally anything else" in 3 years
the L2 thesis fragmented liquidity, base revenue doesn't flow back to L1, and solana proved you don't need the complexity
still wouldn't fade it to zero but the narrative is cooked
watching someone lose $23m shorting $HYPE and then DOUBLING DOWN is the most crypto thing i've seen this month
liquidation price $69.49
current price $58.97
either legendary or insane. probably both
@blknoiz06 Except Iโd argue that he has more solid foundation given its buyback and fundamental thesis of housing all the finance. Solana really only had meme coins and โthe fastest settlement layerโ
Curious what you think a good price target would be?
@MarshallHayner the real use case for stablecoins isn't replacing venmo. it's this.
hold USDC, earn 4-5% yield, let it auto-pay your card balance.
banks hate this because they lose the interchange AND the interest income.
this is the quiet disruption nobody's talking about.