KnowledgeDAO 🇺🇸🦅

early memecoin trader #BTC #ETH #SOL

[everythingempty @everythingempty]

2025年不容易。展望2026想借曾国藩的三句话：

1. 大处着眼，��处着手

现在币圈都谈现金流。但现阶段我们相信crypto的本质依然是 Frontier Innovation。那种无国籍、无边界的Permissionless特质，是创新者的天堂。在这里，我们不需要华尔街那一套估���模型。我们的DNA就是搞前沿创新，直白点说："不牛逼我们不做"。2026年，我们坚信Agentic GDP：AI Agent之间的交易（无论是虚拟还是实体世界）将是下一个爆发点。
但在“大处”狂想的同时，我们在“小处”必须耕耘：叙事很重要，但如果不配上执行力，就是骗局。

2. 利可共而不可独，谋可寡而不可众

从2021年PathDAO时期到现在，我们坚持：不朽，是让相信的人富有。 但这中间会有噪音，要平衡Builder、Token Holder、Agent Holder等等各方的利益。“谋可寡”，意味着有时候我们必须“独断”一点。但，长期持有者的财富效应，始终是我们做决策时唯一的明灯。

3. ‘耐烦’为第一要义。

crypto这个圈子就是30个月的地狱磨练，换3周的疯狂。我们信奉 Lindy Effect：只要在这个专把心态搞崩的市场里活下来，时间就会把你的TERMINAL VALUE 拉起来

x

[大顺利 @xiaoshunli]

熊市看到新东西了。

顶级风投USV的Fred Wilson发了个Essay Coin，$AVC。

CA：0x06FC3D5D2369561e28F261148576520F5e49D6ea

Essay Coin就是创作者经济。核心协议是Base生态的Paragraph协议，此前大名鼎鼎鼎Mirror，一��在搞Essay Coin。

相当于只要喜欢作者，就可以支持作者的Essay Coin，然后作者获得被动收入。这个模型此前一直不温不火，今天Fred一发，原地起飞了。

两者购买方式。

一种直接在各DEX输入CA购买。大额购买。

另一种交互Paragraph购买。适合小额。去https://t.co/sBVifOMNQC 点击Support，然分布在Supporter，Believer，Parton购买，三个档次对应3美金，10美金，50美金。购买完毕钱包收到Token $AVC。

总体来说，$AVC算是创新赛道，评分A级，算是Base创作者赛道的一次新尝试。

建议上车，新信卖给后信！

[District @districtxyz]

With @purrLabs, we're incubating IP Capital Markets and ushering in the next phase of the creator economy.

Study closely.

[Meteora Ecosystem @MeteoraEco]

Internet Capital Cultures. A Meteorite Series.

Two leaders who define how memecoins are created & trade on Solana are speaking live in NYC, on Friday.

Don’t miss this convo between @mablejiang, @cryptogle & guests.

Thanks to our sponsors @SolanaFndn @MeteoraAG.

[zagen扎根(✱,✱) @0xzagen]

** @virtuals_io 生态日报 11.12 **

VPAY的ARBUS CHIRPS活动给我空投了超过200刀价值的 $VPAY ，不枉我兢兢业业写日报！

———— 生态总览 (48H) 数据来自 @cookiedotfun

Market cap: $ 2.14B
$VIRTUAL Price: $1.41

—————— @virtuals_io 官方动态

过去三十天 virtuals 处理的交易量超过75M，aGDP @everythingempty ！
https://t.co/AcYPleySTH

Virtuals Robotics和 @BitRobotNetwork 合作共同支持宇树 @UnitreeRobotics 推出格斗机器人：https://t.co/hqdT3TnCYW

这两天最重磅的消息莫过于 @luna_virtuals 支持bsc：https://t.co/bP9BuMhpWX

—————— GENESIS/UNICORN LAUNCH 动态

@Mute_swap 正在吸引门罗的巨鲸？现已支持从70+链swap到 @monero ：https://t.co/cURdtLecZa

智能交易ai项目 @TradeOnCucumber 正式���线：https://t.co/VtzloDeoIm

隐私+x402项目 @PRXVTai 宣布在px402主网上显示，隐私池将手续少量费用，100%的收益将以奖励形式直接流向 $PRXVT 持有者：https://t.co/En15C9ptDG

@VPAY_Global 结束第一阶段 @arbuschirps 活动，总计2.5M 的 $VPAY 代币已经分发：https://t.co/sSYGjH7Cdw

@peaq 邀请了 @RoboStack_io 的founder参加robotics圆桌：https://t.co/9oIVAt6TNt

—————— 生态项目与社区动态

@0xjeff 汇总了Q3Q4目前为止表现惨淡的 AI项目：https://t.co/S73Fyqq63a

@RingfenceAI 正在集成passbook与X402 Bazaar和 X
402支付

关于 @0xNeurobro 的社区投研内容：https://t.co/xGLbGXUpDs

@PremierBase 汇总了BASE BATCHES 002 STARTUP TRACK 的top 50候选：https://t.co/8SsE5uLX1L

——————

使用我��链接码 A0STtM 注册virtuals平台
加入中文社区，一起挖掘virtuals生态密码：
https://t.co/c92anLtu5G

欢迎意见和建议，我们后天见！

[Haotian @tmel0211]

很多人看到了 $PING 在MEME之上构建Mintpad的正向飞轮，但属于 $PAYAI @PayAINetwork 的正向飞轮大饼又该怎么画呢呢？某有一策：

说白了，目前Facilitator的困境就一点，缺乏持��价值捕获，只是干代付Gas，打包交易上链这些脏活累活，很难让人看到更大的想象空间。

但这不正是Facilitator的“扩展”机会点？

在我看来，Facilitator会作为x402的细分赛道而率先演化，如何褪去纯“工具属性”，而成为“支付网络的价值路由节点”是个值得长期探索的命题。

未来Facilitator的几个可能变种方向：

1）Facilitator 聚合器或路由层，未必自己做Facilitator，打造Facilitator Marketplace，让三方Facilitator接入竞争，统一制定SLA服务标准，定价机制，抽取平台交易分成，像现在Dex的router通道一样，择优，按偏好选择，目标成为x402生态的Facilitator协议层。目前看下来，xEcho @agileadtodark 的“Pay to X”赋能逻辑最好的承载体就是这般；

2）支付数据信任中继层，当Agent或人沉淀了大量的交易数据后，接通ERC-8004身份验证层，自然会衍生出Agent信誉评分，异常交易识别、商家风险等级画像以及其他风控层面的价值赋能。我知道诸如 @eigencloud AVS验证服务、还有基于ZK 做通用验证层的 @ProjectZKM 等服务方案，都在尝试在此布局，为Facilitator构建信任中继层；

3）担保、批量、“挖矿”等增值服务层，针对高频小额支付场景，或Agent高性能链真正跑通前，会有一些过渡性需求，比如链下记账、链上批量结算的模式来降低Gas消耗或提供延迟担保交易以及绕不过的合规解决方案，甚至刺激支付源动力所设计的挖矿激励活动。其实就是把Facilitator往“跨链桥+支付网关+激励层”的方向推，更多承载增值服务中继层的角色。

……其实还会有很多变种。

避免被认为是YY自嗨，一定要为一切构想铺垫一个前提：那定然是支付请求大了，交易量变大，Facilitator、应用聚合足够多之后。到那时，这些曾经在DeFi赛道熟悉的“可组合”载体，也统统会在x402赛道重新堆叠一遍！

看完这些，如果你也认同，帮我抄送下 @PayAINetwork 如果他们也能甩开纯工程师思维，像 @pingobserver 一样玩点不一样的会怎样？

[YQ @yq_acc]

As promised, 8004's article is out. I spent past few weeks on x402 and 8004. This one is a bit technical on its architecture(id, reputation, validation), importance and implementation, etc., as I need to know all the details to build https://t.co/h69rBuimhV, the explorer for AI agents on the ERC-8004 protocol. Thx to the great work on 8004 from @DavideCrapis @marco_derossi @13yearoldvc @tkstanczak @ethereumfndn

[Haotian @tmel0211]

看了下Decasonic这份x402 Market Map，虽说覆盖了130个项目，一派欣欣向荣的样子，但也透露出x402赛道的结构性问题：

1）52个项目挤在Interfaces层，38个在Applications层，合计占了90个席位。Model层和Data层各12个。这说明���么？

大家都在抢着做Facilitator、Provider、网关钱包等着类“送水工”的角色，真正计算、验证层创新还远未到来；

2）报告没有列Compute计算层，我觉得很尴尬。Agent间的高频支付需要低延迟的计算验证、需要状态同步、需要交易批次处理优化，以及专门为Agent微支付场景定制的高性能链环境。

刚刚TGE 的 @GoKiteAI 主打的就是AI Agent专用高性能链，即将TGE的 @monad ，也似乎要在x402+GameFi方向耕耘布局。没有底层能力的构建，上层再热闹也只是空中楼阁；

3）过去x402赛道的数据增长听起来不错，$1.11M的累计交易额，118万笔支付等。但这点数据表现类比DeFi Summer的话还只是前夜的前夜，根本不值一提。

但也说明一个真相，现在只是x402概念价值被发现，处于builder自嗨阶段，距离Agent to Agent商业闭环的打通，真正的Agentic Economic大规模落地，路还很长；

4）报告有大量的Agent应用，相当一部分是上一轮Ai Agent的遗留项目，那个时候甚至都还没有x402的概念，但很难判断他们是真找到了“方向”还只是找到了“角度”。

尤其是 @virtuals_io ，如何才能让平台上的Agents基于x402找到网络规模效应才是正解，单纯靠Agent发币来捕捉短期价值，除了制造又一波炒作泡沫，对生态建设毫无意义。

5）因为太早期，所以x402赛道的机会缺口还很大，从报告中就能提炼出几个：Facilitators、Agent Reputation、Discoverability、Verification、Full-Stack Offering。Facilitator我说过很多次了，后续竞争和代币赋能战是看点，全新策略的Launchpad战争也会爆发，基于ERC-8004的信誉系统很关键....

总之一句话，x402赛道还太早期，大浪��沙才刚开始，你有陪跑下去的勇气和决心吗？（除了等链上创新潮，币圈还有啥选择？tell me）

Note：系列x402知识科普，骗局扫盲、技术拆解、商业勾勒、项目解读等全方位内容正在持续更新ing，怕错过的朋友可以挂个小铃铛🔔。感谢大家关注！谢谢

[Solana @solana]

The State of Solana, Q3

🔗 https://t.co/YaVv89eUC6

[詹姆斯叉 | JamesX @0xJamesXXX]

sol 的 ICM 到底会落地于哪里？

$believe （from: @believeapp ）两日之内下跌了 50%
$meta (from: @MetaDAOProject )距离高点将近腰斩
$buidl (from: @devfun) 三��跌了 90%
为什么 sol 基金会如此认真的项目的代表标的遭遇了如此的跌幅？

先盘点一下 believe
ben 就是个有能力的混蛋，他有能力拉来 web2 的一些真的有实力的项目，他本可以成为 ICM 的希望。
但是他昏招频出 —— 先是在没和社区沟通的前提下将 $launchcoin 迁移为 $believe ，所有在两周内没看到公告的原 $launchcoin 持有者手里的币都归零；又是炒作了 6 个月之后推出了平平无奇的手续费回购的“飞轮”，这个飞轮可能在 5 月份看起来还挺像回事，但是现在是 11 月了，已经不够性感了。
随着 $KLED $DUPE $FITCOIN $KARMA $PMX 相继宣布出走 believe ，实在很难看到这个平台未来的希望
（谁懂宣传视频中这个“飞轮”从他女朋友包里飞出来的救赎感）

接着是 meta
@MetaDAOProject 被 SOL 基金会多次互动，这个台子的正统性是最强的，但是它有个奇葩的机制 —— 项目方可以打完钱之后再决定自己一共要收多少。打 umbra 赚钱了，但不是每个项目都是 umbra ，从 avici 开始就是只能赚几个点的理财盘， 实在没必要为了那几个点的利润把本金亏进去。

最后是 buidl
buidl 给我的感觉是身世显赫的孤儿：有 pumpfun 和 colosseum 的投资，刚刚跑出了 $fun 这样的速通币，大家都在满心期待地等待 pumpfun 出来引领 ICM 行情。
结果 buidl 的继父母对它不好，官方的人 @devlordone 跳出来说 $buidl 从来都不是平台币而是社区币。接着 alon 没有来 buidl 当导师，而是转而去了 icmdotfun，buidl 看起来是被彻底��弃了。

从另一方面看，sol 推动 ICM 势在必行 —— 它是 Lily Liu 不远万里跑到中国演讲的主题、它是 sol 千方百计推动 ETF 的直接目的、它是甚至是整个 web3 下一个增长爆点。
只不过从目前来看，场上现有的几个标的，看起来都不是能担当这个大任。

[Dupe.com @dupeapp]

This has been a monumental week for $DUPE.

Dupe has officially transitioned from a cycle driven by retail investors to one led by institutional capital, a defining milestone for both our company and the broader ICM era.

Over the past four months, we’ve built the core pillars of our next evolution as a token, including new partnerships with major financial institutions (to be announced soon).

Today, we’re proud to announce that $DUPE is graduating to an independent token, fully untethered from any launchpad.

Earlier this week, we unveiled the Dupe Flywheel, a first-of-its-kind system that powers every layer of our business to drive compounding growth. And soon, we’ll be rolling out our next-generation app, MCP + API infrastructure, and global integrated checkout, among other breakthrough launches.

It marks the next chapter in our journey to become the leader in AI commerce.

[BlockFlow @BlockFlow_News]

8004 ecosystem TLDR:

infra:
- @taikoxyz
- @eigencloud
- @OpenledgerHQ
- @EternalAI_

privacy:
- @PhalaNetwork

middleware:
- @openservai
- @Unibase_AI
- @santavirtuals
- @kinic_app

application:
- @virtuals_io
- @ZyfAI_

[c00k1e @neet_acc]

https://t.co/OCVyjNCi2P

[Digi @digiii]

75 airdrops to make YOU RICH

[TechFlow 深潮｜APP 已上线 @TechFlowPost]

https://t.co/JrjkZiF6DY

[H.M Rizer @0xhmrizer]

Shit, i just can't calm down my mind thinking about this. Please Read this thread 📝

2. $Shitcoin is now at 3.2M and since months ago being shill by @solana_dave2 too same like us $Milo 🐕

3. This is Offficial Wif Developer wallet. He must have other wallet but this confirm belongs to him.

4. The idea is we could send supply to this wallet the exact amount as Shitcoin.
8.888,888M tokens.

5. As we know, the creator fees dunno whose control it & me personally just normal holder. I dont have funds to give supply but maybe some of you are whales 😄

6. Hope all of us community $Milo can contribute to give supply to this wallet since the price is cheap now.

7. I believe miracles will happen if we do that 🤝💯 Just imagine $Milo now is at 3.2M market cap. This is the vision from now on ✨ Hope all of us read this

https://t.co/or0dZInNYE

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

'the LORD gave, and the LORD hath taken away; blessed be the name of the LORD' — Job 1:21

yesterday's liquidation event is the most brutal i've witnessed in my time in crypto

i got wiped out on ALL my perps positions

literally everything

eight figures: $30 million+ at peak uPnL if realized, or well above $15 million just before the liquidation started

100% of the following perps position got wiped:

- $BONK
- $FARTCOIN
- $POPCAT
- $PNUT
- $CAT
- $APEX
- etc

i lost maybe 80% of my $ASTER position that i used as a collateral on a DeFi lending protocol

i took out the remaining (~$1 million), fully liquidated it and rotated it into $BONK and $4 because i think i get better R/R from both from here on out:

- BONK because i refuse to be a 'bonk guy' without BONK exposure, and i remain convinced in my deca-billion-dollar target for it. i will continue to add more over time, God willing
- $4 because i remain strongly convinced that BNB season continues until the end of this quarter and i think $4 is the most asymmetrical bet to capitalize on that

thankfully the overwhelming majority of my $USELESS coin position is held in spot, so i didn't record significant loss on that — maybe with the exception of mid six figures worth of uPnL i had in perps accounts

i am still resolutely convinced that $USELESS is THE memecoin to watch for outperformance from here on out, that it is a multi-billion-dollar narrative currently trading for pennies on the dollar, and that it will end the cycle being a top 5 memecoin at the barest minimum i.e. certainly has a lot more than 10x upside from here. so i’m glad contagion there was contained for me!

what happened yesterday?

everyone blames the recent Trump-China tariffs, but this isn't the first time we've had that this year

and the Trump tariff comments certainly shouldn't have been responsible for such a massive nukage across almost the entirety of altcoins and memecoins in the space

a lot of altcoins crashed 70 to 99% in minutes, when $BTC and $ETH barely crashed 13%

$ATOM, for example, crashed from $4 to $0.001 on top exchanges like Binance — a 99.9% crash in minutes. no one could have humanly responded to that!

it is also worth noting that this massive altcoin/memecoin crash was EXCLUSIVELY on CEXs. these altcoins did not come close to hitting these levels on spot DEXs, so yesterday's liquidation was almost certainly due to MM/CEX liquidity issues

why it was unprecedented (market mechanics)

many people reported being massively affected, especially since exchange systems broke across the board: stop losses failed, orders didn’t fill, margin couldn’t be added, and platforms became unusable within minutes. the entire liquidation cascade happened so fast that almost no one had time to react, something i don’t think we’ve ever seen at this scale before

i was in front of my screen, took a short break, came back to the screen to see the nasty wick about 10 minutes later, then realized i've been liquidated on EVERYTHING i had in perps

it is the craziest crypto event i have witnessed, ever!

it was worse than COVID, which was a black swan event

you could say whatever you want about this event: you can call it manipulation, unnatural, or whatever else

you would be right tbh

however, whether or not manipulation played a role doesn’t change what i have to do next: as a trader, i am only ultimately concerned about things i can actually control

of course it's easier to point out how it all wasn't my fault and how someone else was responsible, but how does that help me grow as a trader? i win if i make money trading, i lose if i lose money trading. end of!

i'm sure we will be hearing more about exactly what happened yesterday night, which will hopefully help give some people closure

i wish i didn't have to write about this:

this will likely be one of the most viral tweets coming out of this event

many have waited for this moment: 'he is so greedy!'

and there will be an army of people mocking me with 'I TOLD YOU SOs'

but write i must, for a few reasons:

1. a key part of the 'bonk guy' persona and identity i have built is one of utmost transparency around my trades, so others can learn

2. while i lost a fortune in the liquidity wipe event, i have a very diversified basket of alts across perps and spot. i'll be fine; my spot assets are safe. but i think there are people who lost literally everything they have right now that might be having very bad and nasty thoughts, and them seeing a voice like mine at this time just might give them hope

i want to be very clear:

1. i do not need your empathy. i appreciate that some would have the thought, but i do not need people messaging me to empathize with me over this

2. i do not need donations or financial support. it was a massive loss, but i'm okay

i also want to emphasize that i'm in a very good mental state right now, as difficult as that might be for many to believe

i've always been very detached from money and material things, and that makes it easy to cope with situations like this

at the end of the day, my $BONK trade was a trade in which i went from $16k to a peak 8-figure PNL

contrary to what seems to be the most common belief here, it isn't my most impressive trade. if i made it before, i can make it once again!

could i have foreseen exchange systems crashing and nuking the most liquid altcoins and memecoins in the market 70 - 90% in mere minutes before anyone could react? no!

could i have maybe done a few things differently leading up to this event? maybe

however, i am a big believer in focusing on what *could* happen and taking action to get there instead of focusing on what *has* happened

the past is the past, and what has happened has happened

there are a lot of changes i’ll be making to my systems as a result of this: less dependence on leverage, sharper risk management, and a stronger focus on protecting my positions from exchange-side risks going forward

all that matters is what happens from here on out...

i remain very optimistic about the market

i do not believe the bull run is over, nor do i think the Q4 rally is out of the picture

so what do i do from here?

lock in more than ever before, be buried deeper in the trenches, and most importantly have fun while i do it!

if there is one thing i have learned after being in this industry for multiple cycles, it is that there is always new opportunities: every day, every week, every month

i have always been one to love a challenge, and i guess this is another one for me and an opportunity to once again prove myself — not to internet strangers, but to myself

this event has not dampened my spirit, not in the slightest. if anything, it has strengthened my resolve to get back in the ring, fight, and win bigger

i will make it all back, and more!

for those who are in a similar situation, who either lost a fortune or lost it all, i have some words for you:

PERSIST

SURVIVE

DON'T GIVE UP

if you need to take a break, please do

if you're struggling to hold it in, please seek help

above all, pay special attention to yourself and focus on your health

i know it will take a while for the gravity of what happened to hit many, but a philosophy that has always helped me to survive massive drawdowns is internalizing all of these crypto gains as just numbers on the screen — until it is realized at least!

i know they can have very real consequences in the real world if/when cashed out, but right now i think internalizing it as just numbers on the screen would make dealing with the loss more bearable

you made it before, so yes YOU can make it again

the most profitable period of the cycle is still well ahead of us

we are all going to make it

and you are going to have me along on this journey with you, if that matters to you!

if there’s one thing this taught me, it’s that no matter how prepared you think you are, you’re never fully protected from systemic shocks — but you can always control your response. i’ll be rebuilding my framework with that truth in mind!

i am once again an underdog, and this is not the end of my story

GOD WILLING

[KnowledgeDAO 🇺🇸🦅 @KnowledgeDAO]

@cishanjia 奶子哥，可以加入战队嘛？

[DanzoDirect 🐸 @DanzoDirect]

@toly check out @UtopianContrib

Game changer