DeFi Chad

Optimistic realist. builder | Growth/Marketing bg. Prev: @bitfinex, @rhinofi, @paragonsdao, others. Crypto native, progressively investing/coping/hoping/roping

[DeFi Chad @defichad]

@Polymarket POV: you're reading the released Epstein files

[Sokio @Sokio8D]

gm

[smolting (wassie, verse) @inversebrah]

smolchained

for dose who come after

[BriskCapital @BriskcapitalXBT]

Lots of you saying I got unlucky on $LAB and should've held the short longer. Let me be clear. I was the target. If I kept that position open they would have pushed it to $40 no question. This market hunts liquidity and I am not here to get wiped out completely.

This is exactly why I probably won't share any shorts with size on coins like this in the near future. Too dangerous. I closed to survive. That is how you stay in this game.

[VIKTOR @thedefivillain]

Crime teams are so experienced that they even manage to get echo rounds now

First time a scam coin was on echo afaik

$LAB

[Whale Insider @WhaleInsider]

JUST IN: Ryan Horn, former Binance IP & Sports Director behind the Cristiano Ronaldo deal, has joined FCM as co-founder.

@fcmdotfun is the first on-chain fantasy football project, live on Solana.

[DeFi Chad @defichad]

@GwartyGwart Sounds like the kind of fantastical vision we used to see in ICOs 2017. Never happening.

[DeFi Chad @defichad]

@Romynft Low float/high FDV games

[DeFi Chad @defichad]

I'll sell all my locked $LAB to you, right now, at $1.

Then I'll go fuck off.

[DeFi Chad @defichad]

@LilMoonLambo If it tanks >40% in a flash then it's time to load up the shorts

[DeFi Chad @defichad]

@ER404i “We have decided to close down LAB Trade and would like to thank everyone who believed in our vision…”

[DeFi Chad @defichad]

@norbertbodziony Being ‘right’ in the markets is often the easiest part, making profit isn’t.

Was telling myself to hedge my Echo “gains” with a conservative short but I’d have been wiped out if I did 😅

[Noodles @criptopaul]

$LAB.

Why this time is different?

A death spiral has been created that will change the world of perpetual futures on exchanges forever, in my opinion.

The fraud system exposed by @zachxbt in a legitimate way, after Rave, created a chain reaction. Many traders, believing an analogous situation would play out, rushed into shorts. They kept doing it while price was climbing.

Now we have a cluster of $100M in liquidations between $20 and $23.

On their end, the fraudulent market maker feeds on exactly this. They are forced to reach that level because that’s where they profit. Funding rates are extreme. Shorts are paying enormous fees.

Exchanges like @bitget @Bybit_Official @binance have created a death spiral here by allowing all of this, despite Zach having tried to warn them.

Now price will inevitably go there. The MM have no other choice. There will be a massive liquidation event, and when it hits, thousands of traders will be wiped out.

What happens next is predictable. The backlash will be massive. Traders will revolt against the exchanges that allowed this to happen. The pressure will be so intense that the rules of perpetual futures will have to change.

[Bags @0xbags]

when you realize the easiest way keep winning is to remain unrealistically optimistic that things will simply work out for you

[Michael Saylor @saylor]

Never sell your Bitcoin.

[DeFi Chad @defichad]

@floki_web3 Purely on manipulation sir

[DeFi Chad @defichad]

What do you guys mean?

Of course a telegram trading terminal can be worth $13B in this market.

/Higher

$LAB 😂

[DeFi Chad @defichad]

@RickCrosschain @ggdotxyz 🤫

[Rick CrossChain @RickCrosschain]

Seems like we're capturing mindshare.

Nairolf is describing exactly what we built @ggdotxyz

The best part:

It's not only for Hyperliquid, you can share your thesis and get paid for it on over 12 chains.

The days of missing narratives are over with gg.

[DeFi Chad @defichad]

The mistake all people make in one form or another is assuming morality/decency underpins behaviour in a multi-player game.

In reality, if the exchanges stand to make profit from fees/whatever, they'll chase that incentive unless forcefully prevented by a stronger group (authorities).

Caveat Humanus

[DeFi Chad @defichad]

@floki_web3 Not even sure they have revenue sir 😂