nowyouseemefinally

@iryn89419094

Joined February 2022

456 Following

65 Followers

409 Posts

iryn89419094 retweeted

The White Whale

@WhiteWhaleLabs

4 months ago

The Memecoin Journey - A Debrief (Secrets Revealed) On December 7th, I made what hindsight has shown to be a huge mistake. I CTO’d a meme someone had made using my image/likeness without my authorization or participation. I did so with the purest of intentions. Ironically, I said often in the beginning that one of two things was going to happen: I would personally end up being everyone’s exit liquidity, or it was going to absolutely moon. Turns out both things can be true at once. What Happened While it is true that I’ve personally put more money into the trenches than any single individual ever, with hundreds of thousands of dollars given away and multiple millions invested into the chart, I could not escape the curse I was warned about: people will blame you for every red candle. The mental health strain, combined with real-life issues that are still ongoing, became too much to bear. I would not recommend running a coin to anyone, and I understand now why 90% of people who launch coins are simply in it for the max extraction game. I saw firsthand how this space can corrupt people, and I now understand how people end up taking on a villain arc. I was never tempted to take on that villain arc. It’s just not in my DNA. But for the first time, I could understand how people get to that place. What happened was simple. Between personal issues and running this coin, I got to a very dark and dangerous place. An Apology First, I owe everyone an apology. For not being strong enough, I am sorry. I misjudged the response of the trenches. I believed in my heart and soul that the best thing I could do, considering I had to walk away, was to lock over half the supply - supply I had spent a LOT of my personal money to acquire. After all, I never wanted it to be about me in the first place. I wanted it to be about what the movement stood for. And I genuinely believed that removing the question mark that always sat in the back of some people’s minds about the Treasury wallet was the best parting gift I could offer. A final “fall on my sword” moment that would be incredibly bullish for the holders. Instead, it had the opposite effect. I posted my goodbye message and logged off assuming some sort of God candle was being printed. But I forgot a core truth: markets hate surprises. I also owe a sincere apology to my dear friend and personal mentor, @Evan_Mann . I have a few mentors in this space; however, Evan has been mine for the longest, and I had developed a sincere friendship with him. When he initially warned me not to do the CTO, for reasons that ALL came to pass, I didn’t like what I was hearing. I pushed him away and eventually stopped talking to him. I incorrectly mistook his sage wisdom and guidance as a lack of belief in me. Even though we are long past the days of Evan teaching me the history of various blockchains - yes, I’ve been with him that long - Evan remained a trusted and valued friend and mentor to me, often counseling me on big-picture matters. Because no matter how far you go in life, or how much you learn, I believe everyone can benefit from solid mentorship to keep them grounded and focused on their journey. So Evan, for pushing you away, I’m sorry. The Core Problem In my parting message, I mentioned that PumpFun was a cancer to this space. It’s true. The entire engine is designed to profit Pump, not traders, not even serial deployers - PumpFun itself. They do not care about anything that doesn’t feed them. And they feed on volume and volatility. Everything from how the bonding curve is designed to the liquidity design and shape of the PumpSwap pool is meticulously built to bring them maximum profit. After surpassing $100M MCAP, on the climb to $200M, I was involved in a group chat with many from the PumpFun team. We had broken the nine-figure curse, and this thing was just exploding. I wanted to strengthen my relationship with Pump and see what they might be able to do to help us out. I knew they were the mafia, but I had an obligation to my holders to do everything I could to help the coin succeed, even if that meant dining with the devil to see what the devil could do for us. They were excited to chat with me and eager to hop on a call to present their multi-point plan to help the coin succeed even further. Then Penguin launched, and the group chat went silent. They ghosted the call we were supposed to have. After doing some on-chain sleuthing, it became readily apparent that Penguin had some outside support. I highly suspected that outside support was coming from Pump. I followed up with a message along the lines of, “It’s okay if you guys are going in another direction, I just want to close the loop on the conversation,” at which point they came scrambling back to me. I eventually had the previously scheduled call, but with only one member of the team. I again laid out the areas where we needed help. I diplomatically tried to thread the needle without putting them on the defensive about the liquidity shape issue. I said we could really use some downside support, as the liquidity shape hard-coded to Pump tokens is “thin air” below. This was when the first big reveal came. I was told this should not be public knowledge, but he admitted to me during that call that they do internal market-making on some coins to “help them out.” Then he dropped the bombshell that they had already invested $800K into the project at “about a $70M MCAP” using their market-making services. I said, “I probably already know which addresses are yours, as we run very tight monitoring,” and his knee-jerk reaction was to laugh. He said he found that highly unlikely because they spread it across multiple addresses. I asked how many, and he paused while I heard some tapping away on the keyboard. 436 was the answer. Almost as if he felt he had shared too much, he quickly followed it up by saying, “We do this to help the coin go up,” but in the same breath said, “We run a delta-neutral strategy.” Both of those things cannot be true. You cannot remain neutral while still having a goal of “number go up.” But it begs the further question: why is the casino out there disguising itself as players in the first place? It most certainly isn’t for the benefit of other players, as the track record shows clearly. They do nothing that doesn’t directly benefit them. After that call I was promised a follow up with an action plan in a few days. They went back to ghosting me and that follow up never came. Inorganic Price Discovery When ByBit decided, of its own accord and without including me in the conversation, to list us on perps, I was immediately terrified. As a trader, I know that perps drive price action more than spot does across the board, especially on lower-MCAP coins. It’s almost impossible to compete with leveraged dollars on spot, not when someone can spend $10 of real money and have $500 worth of notional buying or selling power. We quickly identified the on-chain wallet addresses for the perps market maker and quickly identified their method of hedging. While various market makers employ various methods, this market maker consistently hedged on-chain WITH the direction of the trade. So if someone longed, we would see their wallet addresses immediately buy spot. If someone shorted, we would immediately see their wallet addresses dump spot. Because they transferred spot to and from CEXs, it was impossible to know how much spot they had acquired for their operation, at what price, etc. But they always seemed to have supply, and it didn’t come from us. The problem is that perps already have a short bias toward memecoins to begin with. Add on top of that the fact that we were clearly in a bear market, and the amount of sell pressure that came directly from ByBit perps was nothing short of a colossal, consistent downward boot on our necks. This is really hard to counter. One could simply assume that I should have encouraged everyone to just go long on the token on ByBit. But the problem is that when that long closes, it results in a sale on DEX, whether it closes because someone reached a take-profit point or because a long got liquidated. With that knowledge, one would assume that everything should end up equal in the end, right? But no. The persistent waves of shorts caused sell pressure on the chart, which spooked spot holders. So the perps activity never truly ended up being a neutral force as positions opened and closed, because spot holders continued to lose confidence in the chart. Not to mention, there seemed to be an endless supply of short sellers. At one point, there was $55 million in open interest on our token. I can’t even begin to compete with that kind of buying and selling power. But I tried. I tried my best, and lost another six figures of my own money in the effort. Many days I was successful. But over the long term, I simply couldn’t overpower design mechanics: being soulbound to the PumpFun liquidity architecture, plus the power of perps. Every day was a constant battle of David vs. Goliath. Bleeding my own cash reserves endlessly, only to be met with a thousand people asking me, “why chart go down?” and “What are you going to do?” What’s Next? That remains up to the community. I have not touched the treasury wallet since my sign-off, nor will I. LP operations continue to be run by a trusted friend. Yes, I heard there was an accidental sell by the treasury wallet the other day, with an immediate repurchase after. We all make honest mistakes. I accidentally have done a wrong-way swap in the past as well, but no one ever noticed at that time. For my own sanity and peace of mind, I will not be engaging in any commentary or discussion about the token moving forward. What I will do, slowly and as my real-life struggles allow, is re-emerge here on X as my old self. Talking about important topics and finding my way back to some peace. I believe the best thing I can do for anyone at this point is simply be my authentic self, as that’s what a lot of people were attracted to in the first place. I gave all of myself to this, including flushing away more money than has ever been spent by any dev in the history of the space. I never promised a specific result. I only promised to do the best I could. And I did, up until the point it almost killed me. I hold no shame for that, because I know what I did, even though a few loud voices would like people to believe otherwise. And at the end of the day, the person I will always have to answer to is the person I see staring back at me in the mirror. This space is wild, though. And what’s old becomes new again. So do I think this is the end of the coin? No. My gut says it’s not. It’s simply the end of me risking my sanity, my entire savings, my daily reputation, or my life for its performance. It will do what it does, what the people will it to do, and I'll be the best example of my personal values that I can be. Personally, I will never be buying a token that ends with the suffix “pump” again in my lifetime. 🫡 From the depths — The White Whale 🐋

WhiteWhaleLabs's tweet photo. The Memecoin Journey - A Debrief (Secrets Revealed)

On December 7th, I made what hindsight has shown to be a huge mistake. I CTO’d a meme someone had made using my image/likeness without my authorization or participation. I did so with the purest of intentions. Ironically, I said often in the beginning that one of two things was going to happen: I would personally end up being everyone’s exit liquidity, or it was going to absolutely moon.

Turns out both things can be true at once.

What Happened

While it is true that I’ve personally put more money into the trenches than any single individual ever, with hundreds of thousands of dollars given away and multiple millions invested into the chart, I could not escape the curse I was warned about: people will blame you for every red candle. The mental health strain, combined with real-life issues that are still ongoing, became too much to bear. I would not recommend running a coin to anyone, and I understand now why 90% of people who launch coins are simply in it for the max extraction game. I saw firsthand how this space can corrupt people, and I now understand how people end up taking on a villain arc. I was never tempted to take on that villain arc. It’s just not in my DNA. But for the first time, I could understand how people get to that place.

What happened was simple. Between personal issues and running this coin, I got to a very dark and dangerous place.

An Apology

First, I owe everyone an apology. For not being strong enough, I am sorry.

I misjudged the response of the trenches. I believed in my heart and soul that the best thing I could do, considering I had to walk away, was to lock over half the supply - supply I had spent a LOT of my personal money to acquire. After all, I never wanted it to be about me in the first place. I wanted it to be about what the movement stood for. And I genuinely believed that removing the question mark that always sat in the back of some people’s minds about the Treasury wallet was the best parting gift I could offer. A final “fall on my sword” moment that would be incredibly bullish for the holders.

Instead, it had the opposite effect. I posted my goodbye message and logged off assuming some sort of God candle was being printed. But I forgot a core truth: markets hate surprises.

I also owe a sincere apology to my dear friend and personal mentor, @Evan_Mann . I have a few mentors in this space; however, Evan has been mine for the longest, and I had developed a sincere friendship with him. When he initially warned me not to do the CTO, for reasons that ALL came to pass, I didn’t like what I was hearing. I pushed him away and eventually stopped talking to him. I incorrectly mistook his sage wisdom and guidance as a lack of belief in me. Even though we are long past the days of Evan teaching me the history of various blockchains - yes, I’ve been with him that long - Evan remained a trusted and valued friend and mentor to me, often counseling me on big-picture matters. Because no matter how far you go in life, or how much you learn, I believe everyone can benefit from solid mentorship to keep them grounded and focused on their journey. So Evan, for pushing you away, I’m sorry.

The Core Problem

In my parting message, I mentioned that PumpFun was a cancer to this space. It’s true. The entire engine is designed to profit Pump, not traders, not even serial deployers - PumpFun itself. They do not care about anything that doesn’t feed them. And they feed on volume and volatility. Everything from how the bonding curve is designed to the liquidity design and shape of the PumpSwap pool is meticulously built to bring them maximum profit.

After surpassing $100M MCAP, on the climb to $200M, I was involved in a group chat with many from the PumpFun team. We had broken the nine-figure curse, and this thing was just exploding. I wanted to strengthen my relationship with Pump and see what they might be able to do to help us out. I knew they were the mafia, but I had an obligation to my holders to do everything I could to help the coin succeed, even if that meant dining with the devil to see what the devil could do for us. They were excited to chat with me and eager to hop on a call to present their multi-point plan to help the coin succeed even further.

Then Penguin launched, and the group chat went silent. They ghosted the call we were supposed to have. After doing some on-chain sleuthing, it became readily apparent that Penguin had some outside support. I highly suspected that outside support was coming from Pump. I followed up with a message along the lines of, “It’s okay if you guys are going in another direction, I just want to close the loop on the conversation,” at which point they came scrambling back to me.

I eventually had the previously scheduled call, but with only one member of the team. I again laid out the areas where we needed help. I diplomatically tried to thread the needle without putting them on the defensive about the liquidity shape issue. I said we could really use some downside support, as the liquidity shape hard-coded to Pump tokens is “thin air” below.

This was when the first big reveal came. I was told this should not be public knowledge, but he admitted to me during that call that they do internal market-making on some coins to “help them out.” Then he dropped the bombshell that they had already invested $800K into the project at “about a $70M MCAP” using their market-making services.

I said, “I probably already know which addresses are yours, as we run very tight monitoring,” and his knee-jerk reaction was to laugh. He said he found that highly unlikely because they spread it across multiple addresses. I asked how many, and he paused while I heard some tapping away on the keyboard.

436 was the answer.

Almost as if he felt he had shared too much, he quickly followed it up by saying, “We do this to help the coin go up,” but in the same breath said, “We run a delta-neutral strategy.”

Both of those things cannot be true. You cannot remain neutral while still having a goal of “number go up.”

But it begs the further question: why is the casino out there disguising itself as players in the first place? It most certainly isn’t for the benefit of other players, as the track record shows clearly. They do nothing that doesn’t directly benefit them.

After that call I was promised a follow up with an action plan in a few days. They went back to ghosting me and that follow up never came.

Inorganic Price Discovery

When ByBit decided, of its own accord and without including me in the conversation, to list us on perps, I was immediately terrified. As a trader, I know that perps drive price action more than spot does across the board, especially on lower-MCAP coins. It’s almost impossible to compete with leveraged dollars on spot, not when someone can spend $10 of real money and have $500 worth of notional buying or selling power.

We quickly identified the on-chain wallet addresses for the perps market maker and quickly identified their method of hedging. While various market makers employ various methods, this market maker consistently hedged on-chain WITH the direction of the trade. So if someone longed, we would see their wallet addresses immediately buy spot. If someone shorted, we would immediately see their wallet addresses dump spot. Because they transferred spot to and from CEXs, it was impossible to know how much spot they had acquired for their operation, at what price, etc. But they always seemed to have supply, and it didn’t come from us.

The problem is that perps already have a short bias toward memecoins to begin with. Add on top of that the fact that we were clearly in a bear market, and the amount of sell pressure that came directly from ByBit perps was nothing short of a colossal, consistent downward boot on our necks. This is really hard to counter. One could simply assume that I should have encouraged everyone to just go long on the token on ByBit. But the problem is that when that long closes, it results in a sale on DEX, whether it closes because someone reached a take-profit point or because a long got liquidated.

With that knowledge, one would assume that everything should end up equal in the end, right? But no. The persistent waves of shorts caused sell pressure on the chart, which spooked spot holders. So the perps activity never truly ended up being a neutral force as positions opened and closed, because spot holders continued to lose confidence in the chart. Not to mention, there seemed to be an endless supply of short sellers.

At one point, there was $55 million in open interest on our token. I can’t even begin to compete with that kind of buying and selling power.

But I tried. I tried my best, and lost another six figures of my own money in the effort. Many days I was successful. But over the long term, I simply couldn’t overpower design mechanics: being soulbound to the PumpFun liquidity architecture, plus the power of perps.

Every day was a constant battle of David vs. Goliath. Bleeding my own cash reserves endlessly, only to be met with a thousand people asking me, “why chart go down?” and “What are you going to do?”

What’s Next?

That remains up to the community. I have not touched the treasury wallet since my sign-off, nor will I. LP operations continue to be run by a trusted friend. Yes, I heard there was an accidental sell by the treasury wallet the other day, with an immediate repurchase after. We all make honest mistakes. I accidentally have done a wrong-way swap in the past as well, but no one ever noticed at that time.

For my own sanity and peace of mind, I will not be engaging in any commentary or discussion about the token moving forward.

What I will do, slowly and as my real-life struggles allow, is re-emerge here on X as my old self. Talking about important topics and finding my way back to some peace. I believe the best thing I can do for anyone at this point is simply be my authentic self, as that’s what a lot of people were attracted to in the first place.

I gave all of myself to this, including flushing away more money than has ever been spent by any dev in the history of the space. I never promised a specific result. I only promised to do the best I could. And I did, up until the point it almost killed me. I hold no shame for that, because I know what I did, even though a few loud voices would like people to believe otherwise. And at the end of the day, the person I will always have to answer to is the person I see staring back at me in the mirror.

This space is wild, though. And what’s old becomes new again. So do I think this is the end of the coin? No. My gut says it’s not. It’s simply the end of me risking my sanity, my entire savings, my daily reputation, or my life for its performance. It will do what it does, what the people will it to do, and I'll be the best example of my personal values that I can be.

Personally, I will never be buying a token that ends with the suffix “pump” again in my lifetime.

🫡 From the depths —
The White Whale 🐋

320

170

334

330K

nowyouseemefinally @iryn89419094

4 months ago

@finnbags @BagsApp buy the street

iryn89419094 retweeted

Citrini

@citrini

5 months ago

JUNE 2028. The S&P is down 38% from its highs. Unemployment just printed 10.2%. Private credit is unraveling. Prime mortgages are cracking. AI didn’t disappoint. It exceeded every expectation. What happened? https://t.co/JzzwCrbJgS

28K

47K

29M

nowyouseemefinally @iryn89419094

6 months ago

$PARTI 钻石现已上线！来 UniversalX 和我一起交易，实时赚奖励！快来使用我的邀请码注册 👉 https://t.co/5J4YsyyubT 。 $PARTI Diamonds

Who to follow

iryn89419094 retweeted

0xWang健林

@wang_jl80536

8 months ago

https://t.co/aNUxqj89wI

628

164

142K

nowyouseemefinally @iryn89419094

7 months ago

@missoralways DRHtzLNxXwSkhqB3ZjK3afkciRBFxASZt4vebJhc3GAt

nowyouseemefinally @iryn89419094

8 months ago

@Michael_Liu93 我认为AI的真正大客户群体不在C端，或者至少不是按照付费用户来计算的。等做AI的商业探索公司进一步发展起来，AI的使用量会成几何倍数增长。现在AI还欠缺在垂直领域的杀手级应用，但也很快了。就像cursor，cc这种，其他领域出来一个就能带来大量收入，这可比C端用户多多了

396

iryn89419094 retweeted

no context memes

@nocontextmemes

9 months ago

77K

17K

102M

nowyouseemefinally @iryn89419094

about 1 year ago

@PepeBoost888 6smnACvnYqDSERCcEhVrNLprxtkQqny4sN2Hta4ZUCWN

114

iryn89419094 retweeted

frontrun.pro

@frontrunpro

about 1 year ago

Introducing Frontrun—the ultimate Chrome extension built specifically for Solana traders. 🎯 Live Features: 1️⃣ Largest Wallet Label Database: 40k+ verified KOL wallets. 2️⃣ Advanced Alt Wallet Detection: Instantly uncover all associated wallets from a single address. 3️⃣ Smart Followers: Real-time insights directly in your timeline. 4️⃣ Universal Labels: Label once, see it everywhere—X, Solscan, Photon, Axiom, GMGN, and more. We're currently in Beta, with next-level AI Analysis & Monitoring launching soon. Like, repost, and join our TG chat to secure your exclusive beta invite code! Link below 👇

640

437

354K

iryn89419094 retweeted

硅谷王川 Chuan

@Svwang1

about 1 year ago

人性的事后诸葛亮的幻觉非常强烈。如果不被真实世界毒打二三十年，如果不严肃书面一步步复盘自己犯过的各种错误，会真诚而轻浮的误以为，自己未来可以很容易抓住某个十倍股，百倍股的机会。但实际机会来的时候，要么抓不住；要么抓住了，赚点小钱就跑；要么被错误机会引诱，开始赚点小钱，然后很快直接掉到大坑里，亏损更多。这就像一些不求甚解的人，看到被改得面目全非的史书后，轻浮的认为古人都是傻X，自己上台后肯定处处占据着上帝视角，从谏如流，礼贤下士，百折不挠，神勇无比。结果一出招就一败涂地，身首异处。严肃的，知识诚实的复盘应当这样操作：询问 AI: 为什么某个股票或者资产在某年被大众严重低估 (因此导致后面几十倍的增幅)？当 AI 详细的列出几个当时被低估的具体原因后，再继续询问：如果当时根据我所得到的信息，我是否可以看得比别人更远？我收集哪一类的信息，有可能看得比别人更远？我到什么 (以前没有意识到的) 场合，可以高效的搜集到这样的信息，进而得到置信度比较高的结论？这个公司的股价曾在某年某月发生暴跌，当时的背景和直接原因是什么？我在那种情况下，会不会也跟着恐慌性抛售？如何通过调整自己的思维模型，关注问题的角度，和信息管道，来避免被裹挟而恐慌？等等。问了五到十个个问题之后，要么会最终承认：这个机会，当时的条件确实没法抓住。要么得到明确而有效的建议，对之前忽略的，某些特定场合，特定类别的信息更为敏感，帮助自己更有效而遥遥领先的做出置信度比较高的预测。有效信息的搜集和分析，比真正吭哧吭哧干活还是要轻松至少一个数量级，而且有些方法论可以推广别的行业。

735

186

534

662K

iryn89419094 retweeted

pow🧲

@traderpow

about 1 year ago

They will ask for dips, and when it comes, they are too scared to bid. They will ask for some "alpha" or insight on something, and they will continue to fade and watch. Place conviction on shit you are looking at, bid, and if you are wrong so be it, add it to the experience log. If it's right, it's rewarding and you have nothing to fear. Mark it down, plan it, go with it. They are scared, I am not.

304

27K

iryn89419094 retweeted

Ignas | DeFi

@DefiIgnas

about 1 year ago

Tired of the noise on CT? Read more crypto research publishers to catch the signal: - @castle_labs: Protocol deep dives - @Kairos_Res: Sector deep dives - @ournetwork__: Data-driven narrative research - @blocmates: Degen's paradise - @OAK_Res_EN: Monthly market reports & data dashboards - @ChorusOne: Enhance your crypto understanding - @OnChainWizard: For traders and degens alike VC research (beware of some bias, but gain VC insights): - @ZeePrimeCap writings and @mattigags' contributions - @dragonfly_xyz (visit their website for research) - @placeholdervc (fewer posts in 2025, but still valuable) - @galaxyhq: Frequent research and market updates - @multicoin: Often controversial (yet insightful) investment theses - @a16zcrypto: Topics on regulation, tokenomics, stablecoins, etc. - @paradigm: Similar to a16z with great surveys - @BinanceResearch: CEX research for beginners and degens alike Established sources: - @blockworksres - @Delphi_Digital - @nansen_research - @MessariCrypto News media: - @dlnews: Excellent insider story coverage Don't forget independent bloggers: - @TheDeFinvestor - @crypto_linn - @Zeneca - @patfscott - @0xjeff - @hooeem - @duonine - @arndxt_xo - @0xjaypeg - @2lambro - @Route2FI - @alpha_pls - @ViktorDefi - @thedailydegenhq And also, subscribe to my blog! Apologies if I missed yours. No offense, just share your blog/research in the comments! Anything else I missed?

166

910

162

86K

nowyouseemefinally @iryn89419094

about 1 year ago

@MemeRadar_sol @MasonCanoe @LZYH88 @DiYi_Community @onefly @Hovz0217 @Web3Tashan 好用！！！

iryn89419094 retweeted

MemeRadar

@MemeRadar_sol

about 1 year ago

MemeRadar 0.7.0 【小红书】+【大众点评】地址标签上线！现在不仅有AI帮你对地址进行总结评价，更有专业玩家对标签进行打标，让地址的评价更加精准有效！首期我们邀请到了行业内十位地址专家参与到了地址打标，他们分别是 @MasonCanoe @LZYH88 @DiYi_Community @onefly @Hovz0217 @Web3Tashan @FanShen_eth @in7ergalactic @Web3_Mian_ZH @in7ergalactic 地址专家入驻持续进行中，如果你也是链上分析的专业地址打标玩家，想要让你的标签被更多人看见，TG联系 @chaininsight_7 入驻平台！