REMIII

degen trader

[REMIII @remiiiacc]

$20k ➝ $1M onchain trading challenge

Monthly update (month 6)

Current challenge PNL - $314,669.85
October PNL - $83,082.55
▓▓▓▓▓▓▓░░░░░░░░░░░░░ 31%

6 months in, been seeing progress, but also making some costly mistakes that have stunned my growth. Most of my tools were Solana focused, so it took me some time to build the same for BNB. Then the meta shifted to Base and I’m just playing catch up at the moment. The only reason for this is my laziness. If I had started building these tools when the market was down, I would have done better. Lesson: be consistent, never complacent.

Network has also been an issue. I’m only in 2 trading groups and have very few connections to elite traders, so I’ve had to learn the hard way through my own lessons and rely heavily on the tools I’ve built. I’ll work on this moving forward, but with most elite traders being in their own fnfs, it’s been a little difficult to reach out.

Execution and vision have also been subpar, something I’m still reviewing. No huge PNLs or wins, just slowly stacking. My strategy has always been high win rate but lower ROI.

Been doing pretty well outside of the challenge, sized into $HYPE and $PUMP at the lows and will continue holding those positions. Also sizing into $META again. I believe the ICM meta is around the corner and I’m positioning myself accordingly.

See y’all next month.

[REMIII @remiiiacc]

5TH MONTH OF MY ON-CHAIN TRADING CHALLENGE ($20K ➝ $250K)

PORT - $262,865.94
PNL - $231,587.30

It’s been 5 months since I started this trading challenge, and I finally hit the $250k mark (with most of it converted into stables), after what was probably the toughest month yet.

This month I decided to take a step back. I spent time in New Zealand, only traded around 11-12 days, and yet ended up with my most profitable month of the challenge so far.

Last month was frustrating. I was pushing too hard, overtrading, and constantly ending back at the same spot. This break reminded me that resetting is sometimes just as important as grinding, and that there’s more to life than staring at charts all day.

Sure, I missed big moves like STBL and ASTER’s initial run because of this trip, but I don’t feel salty. I have come to realise that opportunities in this space are endless in this space. As long as I keep improving, I’ll be ready for the next ones.

Outside of this port, I caught a solid win with XPL. Got in early on both the plasma round, through the Binance program and OTC at $0.3, which turned into a nice profit. Very grateful for that one.

Other wins this month came from $LAUNCHCOIN longs at the lows, $FF whale market buys, a short-term $HYPE long at $39.5, plus a few on-chain plays.

I know this started as an “on-chain only” challenge, but I’ve adapted it into a short term trading port where most of my trades short term trades go. I also injected another $11,417.40 into the port.

Biggest lesson i learned this month, a lesson that I keep on forgetting and have to re-learn, is to not chase. Work hard and wait for good opportunities. Be patient and never allow emotion to drag you into trades.

Thanks for reading if you made it this far. The challenge isn’t over. I’m raising the goal from $250k to $1M. Let’s see if I can get there.

[REMIII @remiiiacc]

@elliotrades @brandank_cr Bro this guy is a certified larper, why tf are u promoting him on ur podcast. You have fallen off bro

[REMIII @remiiiacc]

@sjdedic @Collector_Crypt @MacroMate8 @toly @Bluntz_Capital @bobbybanzai @Pedromiranda @wallstreetbets @jussy_world @Flowslikeosmo @belizardd @dcfgod I love @Collector_Crypt as a business but It is clear that they are not inclined to accrue value to token holders or the token itself

[REMIII @remiiiacc]

@GuthixHL @RobertSagurton HAHAHAHAH good one

[based16z @based16z]

Quick update on HYPE:

We were initially positioned to reload sub-$17 to get ready for next cycle.

But the framework has now materially changed.

From a game theory perspective, the magnitude of the upside deviation should ultimately be mirrored by the magnitude of the downside reversion. In other words, the more reflexive and overextended the move becomes on the way up, the higher the probability of a violent overshoot to the downside.

Our base case now is that HYPE cannot just revisit the $17-20 range anymore at this stage sadly, it will ultimately overextend well below $10 before establishing a true long-term cycle low.

More importantly, the entire structure has now shifted.

The $17-20 region is no longer looking like the optimal reload zone for the next expansion phase. Instead, there’s an increasing probability that this range ultimately becomes the distribution ceiling of the next cycle itself.

We’ve seen this exact reflexive pattern play out before, EOS during the post-2018 unwind, LINK after its macro euphoric expansion. What once looked like “value accumulation” eventually became lower-high exit liquidity in the following cycle.

Very interesting.

So essentially, remove your HYPE orders around $17. That level is too obvious now after the expansion, which means you will get front-run by the market before any meaningful reversal materializes.

We will keep you posted once HYPE forms a new bottom sub $10 (probably around $7-8)

We will find the bottom together, and there should be a nice long to do, until the relief back to $17-20. Not guaranted that HYPE bounces back to $20, but highly highly likely

This sould be an easy 2-2.5x at least

And with leverage, we could probably pull a 10x

Please be patient, we will revert in a few months

For now, short only

[REMIII @remiiiacc]

https://t.co/t6kSttbUyM

honestly, i respect this. on to the next hahaha

[Steven Enamakel @senamakel]

https://t.co/r2hG3OmuCV

[REMIII @remiiiacc]

what openhuman is -

Hermes, OpenClaw and Claude Code proved the power-user agent category: terminal-first, tool-heavy, great for coding and automation.

OpenHuman is different. It is trying to bring agents to normal users through a consumer personal AI app:
- desktop UI
- one-click OAuth integrations
- private/local memory
- Obsidian-style knowledge base
- assistant that learns your docs, emails, calendar and workflows

The bet is not that OpenHuman is more powerful than Hermes today.

The bet is that OpenHuman can make the agent experience consumer-friendly.

Repo traction backs the narrative:
- 24.1k GitHub stars
- 2.17k forks
- +2.7k stars in 1 day from my tracker

Token integration is not confirmed, but the devs seem crypto-native enough to understand the narrative and recent comments suggest they are pro crypto and support it (check screenshots below)

That is the trade:
product traction first, token integration optionality second.

Relative value is interesting too

$AEON:
- 416 stars / 97 forks
- $9.7m mcap

$OPENHUMAN:
- 24.1k stars / 2.17k forks
- $2.7m mcap

OpenHuman has 58x the stars and 22x the forks, but trades at 28% of AEON’s mcap.

If the market prices $OPENHUMAN as the tokenized expression of a fast-growing AI app, AEON parity implies 3.6x.

Main risk: token integration is still only hinted, not confirmed.

But that is also why it is still mispriced.

[REMIII @remiiiacc]

@KienNguyen_NFT interested in joining, am sure i can provide value

https://t.co/Nu4Rg0ti47

[REMIII @remiiiacc]

$20k ➝ $1M onchain trading challenge

Monthly update (month 6)

Current challenge PNL - $314,669.85
October PNL - $83,082.55
▓▓▓▓▓▓▓░░░░░░░░░░░░░ 31%

6 months in, been seeing progress, but also making some costly mistakes that have stunned my growth. Most of my tools were Solana focused, so it took me some time to build the same for BNB. Then the meta shifted to Base and I’m just playing catch up at the moment. The only reason for this is my laziness. If I had started building these tools when the market was down, I would have done better. Lesson: be consistent, never complacent.

Network has also been an issue. I’m only in 2 trading groups and have very few connections to elite traders, so I’ve had to learn the hard way through my own lessons and rely heavily on the tools I’ve built. I’ll work on this moving forward, but with most elite traders being in their own fnfs, it’s been a little difficult to reach out.

Execution and vision have also been subpar, something I’m still reviewing. No huge PNLs or wins, just slowly stacking. My strategy has always been high win rate but lower ROI.

Been doing pretty well outside of the challenge, sized into $HYPE and $PUMP at the lows and will continue holding those positions. Also sizing into $META again. I believe the ICM meta is around the corner and I’m positioning myself accordingly.

See y’all next month.

[REMIII @remiiiacc]

happy hype ath to those that celebrate!

[REMIII @remiiiacc]

@uniperpv4 @Uniswap Bro you already have bad debt.......

[REMIII @remiiiacc]

Agree that $SLOP buybacks/utility matter, but I think it has to be done carefully.

The Slop/Slonks architecture is already stronger than a simple “token needs buybacks” setup. $SLOP already plays a key role because it is the coordination layer between the liquid token, Slonks NFTs, revival, claims, and future mechanics like SlopMachines.

The token is not just “liquid exposure to Slonks.” It is what turns the NFT ecosystem into a playable economy:
- Slonks create claimable/emotional/collector value
- $SLOP gives that value liquidity
- revival creates a spend/sink mechanic
- buy-and-void supports the NFT floor
- future mechanics can route more activity through $SLOP

So yes, a $SLOP buyback can help, but if it is done bluntly it can just drain the treasury faster. It needs to be fun, tasteful, and tied to game mechanics, not just forced market support.

I think the more important thing right now is reach and education. A lot of people still don’t understand how the ecosystem actually works. If new participants understand why Slonks and $SLOP reinforce each other, demand gets healthier than if the treasury is just used to buy candles.

hope @MichaelHirsch comes across this hahah, but I'm sure he knows this already

[REMIII @remiiiacc]

I think people are sleeping on $SLOP and the ecosystem that @MichaelHirsch has built

This is not just a normal memecoin buyback loop. $SLOP trading fees are used to buy Slonks NFTs off the floor and void them, creating a treasury-backed NFT demand sink.

The bullish part is that demand is multi-sided:
1. Floor buyers benefit from treasury support. (165 eth at the time of writing)
2. Arb buyers hunt NFTs with high embedded $SLOP value.
3. Rare/collector buyers chase interesting Slonks.
4. Token buyers get liquid beta exposure.

The token also has a role. If high-$SLOP NFTs are expensive(and it usually is, around 5 - 30%), traders may just buy the token. If the token gets too cheap, users can burn $SLOP to revive voided NFTs, creating a burn sink.

The art/merge mechanic makes it more than static JPEGs. Merging is not just combining traits like “hat + eyes.” One NFT is burned, and the survivor’s underlying AI/model identity is blended with the burned NFT, then the art is regenerated. So it feels more like breeding in model-space.

Revival adds another speculation layer: burned $SLOP can bring back random voided Slonks, sometimes with altered/randomized art.

So the flywheel is:
fees → treasury buys NFTs → NFTs get voided → token/NFT arb opens → revivals/merges create burns + new art speculation → attention drives more volume.

Main risk: if volume and attention die, the loop weakens. But the core bullish case is that this has more moving parts and demand surfaces than a normal memecoin or NFT floor-buyback project.

[REMIII @remiiiacc]

TLDR:

$SLOP / Slonks had a buy-and-void issue, but it has now been fixed. A new game contract is live, buy-and-void is back on, the void has moved to a more flexible contract, and revival is now faster/cheaper via Dutch auction.

The direct treasury loss was 3.848 ETH ($8.9k), not the exaggerated figures being spread. Including the 1,222 free-minted $SLOP as dilution, total economic impact is around 5.19 ETH ($12k).

Bad bug, but not existential. Focus now shifts to whether the upgraded system, restored buy-and-void, faster revival, and future $SLOP buyback can rebuild confidence.

[REMIII @remiiiacc]

Alot has happened in the $slop/slonks ecosystem, will use this as a thread to post updates if anyone needs it

$SLOP / Slonks update summary

The short version:
The issue with the old buy-and-void system has been fixed, the game contract has been upgraded, and the main Slonks / $SLOP mechanics are now being moved onto a more flexible setup.

What changed:

1. New game contract is live
@MichaelHirsch deployed an updated game contract. During the upgrade, some functions were temporarily paused, including:
- claiming $SLOP from Slonks
- buying Slonks with $SLOP

This was temporary while the new contract was being tested and deployed.

2. Buy-and-void is back on
The buy-and-void mechanic is now back.

For anyone unfamiliar: buy-and-void is the mechanism where treasury funds are used to buy Slonks off the floor and send them into the void, removing them from active supply and supporting the NFT side of the ecosystem.

3. The void moved to a new contract/wallet
The old void is being phased out and replaced with a new, more flexible void contract/wallet.

New void:
0x76C61B6140600429F50De5aC987E41672047cc28

Michael said this gives the team more flexibility to add future mechanics over time.

4. Old void is being phased out
The Slonks that were already lost in the old void will stay lost and be burned.

Michael mentioned around 2,000 Slonks are already there.

If any Slonks are still pending in the old system, they can still be withdrawn.

5. Revival is now faster and cheaper
The revival system was also updated.

For context: revival lets voided/lost Slonks come back through an auction mechanic.

The new revival system uses a faster Dutch auction:
- starts around 180 $SLOP
- drops to around 60 $SLOP
- this happens in roughly 2minutes

So instead of revival being slow and clunky, the process should now move much faster.

6. Chainlink randomness may be added next
Michael also said the next auction update will likely add Chainlink randomness.

The point of this is to let revivals settle without waiting for a block, which should make the system even faster and smoother.

7. $SLOP buyback mechanic is being considered
In one reply, Michael said he will work on a $SLOP buyback mechanic.

This is important because the current buy-and-void loop mainly supports the Slonks NFT floor. A direct $SLOP buyback mechanic would add clearer support to the token side too.

8. SlopMachines are next
Michael also said SlopMachines are next, and that the current update prepares the system for them.

So this contract upgrade looks less like a one-off fix and more like groundwork for future game mechanics.

About the incident
There has been some fearmongering around how much was lost, so here are the actual numbers from on-chain accounting.

The direct treasury loss was:
3.848 ETH
At current ETH prices, that is around:
$8.9k

There was also:
1,222 $SLOP gross free-minted during the incident.

At current $SLOP prices, that is around:
1.34 ETH or about: $3.1k

So if you include both direct treasury loss and the mark-to-market value of the minted $SLOP, the total economic impact is around: 5.19 ETH or about: $12k

Important distinction:
The direct treasury/team loss was about 3.85 ETH, not the exaggerated numbers being spread around. The larger figure only applies if you also include the $SLOP dilution / possible sell pressure.

My read
This was a bad bug, but not an existential loss.

The bigger thing to watch now is whether the new contract, faster revival system, restored buy-and-void, and possible future $SLOP buyback can rebuild confidence and keep demand flowing into both Slonks and $SLOP.

[REMIII @remiiiacc]

@52Hz_eth you are 100% right. This is one of the most interesting projects atm. Can't wait for more to recognise its potential

https://t.co/91Sr5FRYTW

[REMIII @remiiiacc]

I think people are sleeping on $SLOP and the ecosystem that @MichaelHirsch has built

This is not just a normal memecoin buyback loop. $SLOP trading fees are used to buy Slonks NFTs off the floor and void them, creating a treasury-backed NFT demand sink.

The bullish part is that demand is multi-sided:
1. Floor buyers benefit from treasury support. (165 eth at the time of writing)
2. Arb buyers hunt NFTs with high embedded $SLOP value.
3. Rare/collector buyers chase interesting Slonks.
4. Token buyers get liquid beta exposure.

The token also has a role. If high-$SLOP NFTs are expensive(and it usually is, around 5 - 30%), traders may just buy the token. If the token gets too cheap, users can burn $SLOP to revive voided NFTs, creating a burn sink.

The art/merge mechanic makes it more than static JPEGs. Merging is not just combining traits like “hat + eyes.” One NFT is burned, and the survivor’s underlying AI/model identity is blended with the burned NFT, then the art is regenerated. So it feels more like breeding in model-space.

Revival adds another speculation layer: burned $SLOP can bring back random voided Slonks, sometimes with altered/randomized art.

So the flywheel is:
fees → treasury buys NFTs → NFTs get voided → token/NFT arb opens → revivals/merges create burns + new art speculation → attention drives more volume.

Main risk: if volume and attention die, the loop weakens. But the core bullish case is that this has more moving parts and demand surfaces than a normal memecoin or NFT floor-buyback project.

[REMIII @remiiiacc]

@zhiweieth @MichaelHirsch I think this is exaggerated. Total eth lost is only $2.9k dilution of the tokens and 3.848 ETH from the treasury.

[REMIII @remiiiacc]

@jefdiesel thanks boss, u are a legend

[REMIII @remiiiacc]

I'ts been a min

Saw the solana:BZLbGTNCSFfoth2GYDtwr7e4imWzpR5jqcUuGEwr646K pump yesterday and decided to dig into the DePIN sector. Came across $ATH, spent some time researching it

The cheapest DePIN GPU pure-play in crypto is trading at 1× MC / TTM revenue and looks way better than solana:BZLbGTNCSFfoth2GYDtwr7e4imWzpR5jqcUuGEwr646K

Peers trade at 2.5–66×.

Why it’s interesting -

→ Real, scaled network: $172M cumulative revenue, 435,206 GPUs across 94 countries
→ NASDAQ-listed wrapper, Axe Compute ($AGPU), holds 31% of circulating supply. a structural forced-hold buyer
→ $260M Q3 2026 enterprise contract signed, per SEC 8-K. largest in company history
→ Sector tailwind: Goldman models $7.6T cumulative AI capex through 2031
→ Big 5 hyperscalers committed $745–775B in 2026 capex alone
→ Foundation captures $23M TTM at a 20% take rate. real buyback fuel
→ Token is down 94% from ATH while the network keeps printing

Will post a full report soon