Junaid Nurgat

3 months ago

You know what, that's not a bad idea. 10 Random people who follow @satrush + 10 Random users who share this post Will all win .01 BTC (valued over $600). You have 24 hours. Go. https://t.co/29t9Jp9lBi

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6 months ago

@LyvoCrypto @Chainriffs Are you sure

6 months ago

@LyvoCrypto Boss you marketing

JuniNurgat retweeted

Captcha @CaptchaApp

7 months ago

Captcha Web is live 🌐 No app needed. Pay $1 to post, earn when people engage. The anti-slop social network now runs in your browser at captcha dot social, link below ↓

CaptchaApp's tweet photo. Captcha Web is live 🌐

No app needed. Pay $1 to post, earn when people engage.

The anti-slop social network now runs in your browser at captcha dot social, link below ↓

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JuniNurgat retweeted

Cyphstrain

@cyphstrain

8 months ago

It's truly fascinating to witness people continue to support someone like the one in the screenshot who publicly posted that and ALSO encourage him as he publicly attacks @WhiteWhaleLabs that simply warns CT about the extraction patterns. Study ALL the attached images, there are NO repeats. How many of them would you think those serial deployers were directly responsible for? These are direct receipts of real time events that many of you were victims of but many of you still think you should not bid $Whitewhale, the one coin that remains in the top 10 by MkCap of all coins ever deployed on @Pumpfun

cyphstrain's tweet photo. It's truly fascinating to witness people continue to support someone like the one in the screenshot who publicly posted that and ALSO encourage him as he publicly attacks @WhiteWhaleLabs that simply warns CT about the extraction patterns.

Study ALL the attached images, there are NO repeats. How many of them would you think those serial deployers were directly responsible for? These are direct receipts of real time events that many of you were victims of but many of you still think you should not bid $Whitewhale, the one coin that remains in the top 10 by MkCap of all coins ever deployed on @Pumpfun

JuniNurgat retweeted

8 months ago

Thanks for playing. That was a quick $10K profit. Which I will immediately use for buying $WhiteWhale

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JuniNurgat retweeted

8 months ago

That's how the game is played. Misdirection. You were playing checkers, I was playing chess. I was betting that you would spend a ridiculous amount of money to prove me wrong. Because you're emotional creatures. $10,381 profit...from people who hate me...in 10 minutes... Laughing so hard I'm in tears right now. Seriously, that was what I needed to lift my spirits. So thank you for that.

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JuniNurgat retweeted

8 months ago

You think you're trading an asset on price. The existing system is built to profit from volume & volatility. You are playing checkers. The Apex Predator is playing chess.

WhiteWhaleLabs's tweet photo. You think you're trading an asset on price.

The existing system is built to profit from volume & volatility. You are playing checkers. The Apex Predator is playing chess. https://t.co/63yKWZ1ENo

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JuniNurgat retweeted

8 months ago

I called the absolute top and saying I wanted to short Penguin on January 24th. The day of their ATH. And telling my whale group the things I now tried to share publicly that I’m also seeing on another coin. Just to show I’m not full of it. Because I always have receipts.

WhiteWhaleLabs's tweet photo. I called the absolute top and saying I wanted to short Penguin on January 24th. The day of their ATH. And telling my whale group the things I now tried to share publicly that I’m also seeing on another coin. Just to show I’m not full of it. Because I always have receipts. https://t.co/vsYSMHBpKC

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8 months ago

@picwonAI You selling again and spoiling the Chart

JuniNurgat retweeted

9 months ago

Gloves off. I'm F$%*ing pissed. A little over three hours ago our monitoring systems alerted us to a very unusually sized sell limit order on ByBit spot. Close to $200K in value. We saw the order flip in and out of view (classic signs of spoofing). I attacked the sell wall by placing a couple of large market orders, and magically it disappeared afterwards (even tho my buys were no where near the size to knock it out, my goal was just to damage it). Seems like someone didn't want to sell after all. Large "spoofed" sell walls are intended to accomplish one function: trick bots, algo traders and regular humans into believing there is much more resistance immediately above price than below it. This taking place on a weekend with low organic volume is no accident. They continued to "walk down" the price until they got what they came for, which was long liquidations. And of course as soon as those liquidations were achieved the very large spoof order disappeared from the books. This blatant market manipulation is easy to spot on lower market-cap tokens, but this is what goes on all day every day in crypto. Who is doing this? It's not ByBit themselves. They are a fairly well-respected Tier One exchange and unlike other shady CEXs they don't need to market make their own books. This is clearly a large actor who stood to benefit from the price move. The most likely culprit? Whoever is performing the market making on the perps book. The problem is that any one of a number of Market Makers can market make any token they want. Once they are approved to access the exchange there's nothing stopping them from doing this. We never asked for a perps listing. If we had been asked we would have said we didn't want one. It's too easy to let perps drive price discovery for a lot less capital invested. I believe price discovery should be driven by spot, at the very least until asset maturity. How are they doing this? They use a combination of DEX selling, CEX selling, CEX spoof falls to trigger their desired outcome. Then they buy the dips they force to take place. They reload cheaply once they trigger a cascade because bot and human selling help them lower price to their targets. That's when they load up. Which is why they can repeat this all day long and not lose money on the spot buys they make. What can we do about it? So much of spot trading is bot/algo driven. We can't reprogram every bot to identify spoofed liquidity and not respond to it. It's literally a robot war. Bots deceiving each other. Bots not wanting to take the risk that the resistance isn't real and hedging on the side of caution. Buying into the initial dump feels logical, but you're just allowing them to exit at a higher profit. Instead, one tactic that we are deploying is putting limit buy orders just above where the liquidation clusters start on a move forward basis. We don't want to feed their profitability by trying to prevent the move but if we know their destination we do want to make that final journey as expensive as possible. This is because they will be forced to expend tokens at what is likely close to a break even or perhaps even a loss to make the move, making it much less rewarding. Additionally we have submitted yet another report to @Bybit_Official 's market surveillance team asking for an investigation. We do not know who the actor is, naturally (CEXs are black boxes) but we do know what activity is taking place. It is our sincere hope that our partners at @Bybit_Official take steps to reduce or eliminate this activity. Legal and internal definitions of "spoofing" vary greatly, and its very likely the actor knows how to conduct this behavior in a method that evades falling into the "spoofing" definition. That does not, however, mean that it is not active market manipulation - which is against their Terms of Service. We aren't sleeping on the job. We are literally monitoring these sorts of things 24 hours a day. We have seen their tactics shift and adapt as our tactics have shifted and adapted. (My favorite was when they attempted to hide the spoofing activity by also spoofing some on the buy side, although with much less money to still make the sell side seem more powerful). When the chart only makes sense once you look at a liquidation heatmap? Chances are someone applied these sorts of tactics to make it happen. This is why supply control is so very important, and why the Treasury is still accumulating supply on a daily basis. By making supply more scarce, and in the hands of actual stewards of the project (the project itself and its loyal community), these types of games become more difficult the more time goes on. I have spent so much time putting counter-moves up against the blatant market manipulation its taken away time from other things I should be doing. Like writing new video scripts, crafting new educational posts, etc. So why am I so pissed right now? Well, because today I lost. I've been winning the war a lot lately, but just wasn't able to pull of a victory today. But more than that, because this kind of nonsense should not be allowed to take place to begin with. Sadly it does...all day long...on every asset in crypto. This is why I've said since my appearance on X that the goal of trading in this space is to understand the Apex Predator so that you can walk in harmony with them, instead of being their prey. For the love of all that is holy, don't leverage trade our token. They are hunting. Shorts will be the next ones hunted. 🫡 From the depths — The White Whale 🐋

WhiteWhaleLabs's tweet photo. Gloves off. I'm F$%*ing pissed.

A little over three hours ago our monitoring systems alerted us to a very unusually sized sell limit order on ByBit spot. Close to $200K in value.

We saw the order flip in and out of view (classic signs of spoofing).

I attacked the sell wall by placing a couple of large market orders, and magically it disappeared afterwards (even tho my buys were no where near the size to knock it out, my goal was just to damage it). Seems like someone didn't want to sell after all.

Large "spoofed" sell walls are intended to accomplish one function: trick bots, algo traders and regular humans into believing there is much more resistance immediately above price than below it.

This taking place on a weekend with low organic volume is no accident.

They continued to "walk down" the price until they got what they came for, which was long liquidations. And of course as soon as those liquidations were achieved the very large spoof order disappeared from the books.

This blatant market manipulation is easy to spot on lower market-cap tokens, but this is what goes on all day every day in crypto.

Who is doing this?

It's not ByBit themselves. They are a fairly well-respected Tier One exchange and unlike other shady CEXs they don't need to market make their own books.

This is clearly a large actor who stood to benefit from the price move. The most likely culprit? Whoever is performing the market making on the perps book.

The problem is that any one of a number of Market Makers can market make any token they want. Once they are approved to access the exchange there's nothing stopping them from doing this.

We never asked for a perps listing. If we had been asked we would have said we didn't want one. It's too easy to let perps drive price discovery for a lot less capital invested. I believe price discovery should be driven by spot, at the very least until asset maturity.

How are they doing this?

They use a combination of DEX selling, CEX selling, CEX spoof falls to trigger their desired outcome. Then they buy the dips they force to take place. They reload cheaply once they trigger a cascade because bot and human selling help them lower price to their targets. That's when they load up. Which is why they can repeat this all day long and not lose money on the spot buys they make.

What can we do about it?

So much of spot trading is bot/algo driven. We can't reprogram every bot to identify spoofed liquidity and not respond to it. It's literally a robot war. Bots deceiving each other. Bots not wanting to take the risk that the resistance isn't real and hedging on the side of caution.

Buying into the initial dump feels logical, but you're just allowing them to exit at a higher profit.

Instead, one tactic that we are deploying is putting limit buy orders just above where the liquidation clusters start on a move forward basis. We don't want to feed their profitability by trying to prevent the move but if we know their destination we do want to make that final journey as expensive as possible. This is because they will be forced to expend tokens at what is likely close to a break even or perhaps even a loss to make the move, making it much less rewarding.

Additionally we have submitted yet another report to @Bybit_Official 's market surveillance team asking for an investigation. We do not know who the actor is, naturally (CEXs are black boxes) but we do know what activity is taking place. It is our sincere hope that our partners at @Bybit_Official take steps to reduce or eliminate this activity. Legal and internal definitions of "spoofing" vary greatly, and its very likely the actor knows how to conduct this behavior in a method that evades falling into the "spoofing" definition. That does not, however, mean that it is not active market manipulation - which is against their Terms of Service.

We aren't sleeping on the job. We are literally monitoring these sorts of things 24 hours a day. We have seen their tactics shift and adapt as our tactics have shifted and adapted. (My favorite was when they attempted to hide the spoofing activity by also spoofing some on the buy side, although with much less money to still make the sell side seem more powerful).

When the chart only makes sense once you look at a liquidation heatmap? Chances are someone applied these sorts of tactics to make it happen.

This is why supply control is so very important, and why the Treasury is still accumulating supply on a daily basis.

By making supply more scarce, and in the hands of actual stewards of the project (the project itself and its loyal community), these types of games become more difficult the more time goes on.

I have spent so much time putting counter-moves up against the blatant market manipulation its taken away time from other things I should be doing. Like writing new video scripts, crafting new educational posts, etc.

So why am I so pissed right now? Well, because today I lost. I've been winning the war a lot lately, but just wasn't able to pull of a victory today. But more than that, because this kind of nonsense should not be allowed to take place to begin with.

Sadly it does...all day long...on every asset in crypto.

This is why I've said since my appearance on X that the goal of trading in this space is to understand the Apex Predator so that you can walk in harmony with them, instead of being their prey.

For the love of all that is holy, don't leverage trade our token. They are hunting. Shorts will be the next ones hunted.

🫡 From the depths —
The White Whale 🐋

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