Enwit

Crypto for the People

[Enwit @enwitcrypto]

Must be nice to jsut lose billions and not have a single cent leave your bank account.

Wish I had this

[DEGEN NEWS @DegenerateNews]

BREAKING: TOM LEE'S @BitMNR $ETH PORTFOLIO DROPS BELOW $10 BILLION

UNREALIZED LOSS NOW SURPASSES $8.8 BILLION

SOURCE: https://t.co/DBJ17ztQZz

[durial @durial]

let me give a proper explanation on how this shit works because seeing a lot of fake news

when you see these insane candles happening on random tokens like LAB, RAVE, Momentum etc it’s because of a group of people do what is called “active market making”

almost all of these “active market makers” are based in China/Asia. many claim to be able to achieve results like RAVE and LAB but few can actually properly deliver

typically these AMMs will either approach projects prior to launch or after launch (if certain conditions can be met). but scammy projects also look to approach them

the deal is usually that the AMM will put up the capital needed to push the token to the insane highs you see, and in return for the project letting the AMM “crime” their token they split whatever the profits are once the crime is complete

so how does the crime work and how do the people involve profit?

the first thing you’ll notice is that all these tokens have perp listings (usually binance perps) but very few spot listings

this is intentional. the first major requirement for this crime to happen is absolute control of the spot supply of the token

by that I mean the team/insiders need to control basically the entirety of the float. RaveDAO for instance, insiders were estimated to control over 98% of the spot supply

this is vital because spot supply that isn’t controlled by insiders can be sold into the spot price being driven up by perps. to help prevent this is another reason why tokens with basically no spot listings or liquidity are chosen. if there is a lot of spot supply ready to be dumped on the AMM then it could bankrupt them, meaning the crime has failed

as it is their capital at risk, AMMs are even asking projects to put them on all the multisigs for the token supply, to ensure that nothing can be dumped while the crime is happening

so once supply is completely controlled then what?

these AMMs don’t just commit the crime from one or two binance accounts. the accounts would likely be frozen instantly. instead they have 1000s of KYC’d accounts which operate in unison to drive the perp price up

because no one has supply to sell, there isn’t any other way to drive the price back down except to short

but this is where they get you

the AMM can squeeze any short placed, as every shorter will have their breaking point. either their own tolerance or a liquidation point. every short that gets liquidated or stopped out is profit for the AMM

add onto the fire that because of huge dislocations between underlying and perp price, you get some insane funding rates. as I write this LAB is -1% an hour shorts pays longs (over 8000% a year). this makes it even harder for shorts to hold their position, plus the AMM is making bank on their long positions funding

BriskCapital is right when he says they wouldn’t have let him win with this size of a short position, especially publicly. his mistake was trying to short it in the first place, which is exactly what the AMMs want you to do. where do you think the 7 figs he lost went to?

then whenever they decide the crime is complete they pull the rug and you see the collapse candle to zero. because they are the only entity holding the bid up, they have complete control over when and how the price collapses (meaning they can also likely join in on the short)

my advice is to not touch these tokens. if you want to feel something just buy a small amount for fun. definitely do not buy anything sizeable, do not make any trades on leverage and DO NOT SHORT

you are trying to compete against an entity that has complete control over where price goes

[Enwit @enwitcrypto]

I know it’s rage bait bite but where else is there to go now lol

[CR Sanchez @crsanchezx]

Ciudades de Asia que NO merecen la pena visitar:

🥉Mal
· Manila 🇵🇭 (tráfico interminable)
· Yakarta 🇮🇩 (agotadora para el turista)
· Kuala Lumpur 🇲🇾 (menos espectacular de lo esperado)
· Abu Dhabi 🇦🇪 (vive a la sombra de Dubái)

🥈Peor ↓↓

[Enwit @enwitcrypto]

Delusional bulls will win

$btc 300k

[:) @smileycapital]

3 months of slow inorganic grind up, permabulls running victory laps, dunking on ppl that advise caution..

..just for almost everything to get retraced within a week

you guys are good, truly special

[Enwit @enwitcrypto]

It’s top blasting season

[Enwit @enwitcrypto]

$btc to 120k

[Enwit @enwitcrypto]

@MINHxDYNASTY @legendtrade THE FROG HOODIE

[Enwit @enwitcrypto]

$btc is alt coin

[Enwit @enwitcrypto]

@MINHxDYNASTY Someone who is forgotten but later remembered for their achievements

[۟ @MINHxDYNASTY]

🚨 lets give away $1000, $100 to 10 people?

1. like the video
2. RT it
3. comment what makes a legend

winners picked in 24 hours

thank you for always supporting us and the things we make, grateful

[Enwit @enwitcrypto]

It’s a very Chinese part of my life right now.

[Enwit @enwitcrypto]

@LambManTrades Hey bro is your discord still open I want to learn from you more

[Enwit @enwitcrypto]

How to use Dexscreener:

[Enwit @enwitcrypto]

on metamask

[Enwit @enwitcrypto]

im trying to bridge from @inkonchain to any other chain via $USDC and its litterally impossible bruh. USDC approval txn taking forever wtf.

Using Bungee and super bridge and both not working anyone got any other bridges

[Enwit @enwitcrypto]

@KaramRicardo @inkonchain i tried doing advanced nonce by sending 0eth to mysself with nonce of 1 and it doesnt even go through. i set the gas to 1 gwei max too

[Enwit @enwitcrypto]

@inkonchain @nadoHQ how come my txns are taking so long to approve? I am trying to deposit and the approval has taken literally over a day.

over 10 nonces already

[Enwit @enwitcrypto]

being a bear is so lame.

being a bull is cool 😎

[Enwit @enwitcrypto]

Crypto Honeypots EXPLAINED!

[Enwit @enwitcrypto]

Prob eat some food maybe

[ink @inkonchain]

What if you won the $100k trading competition?