Akash 🦇🔊

Dev Building stuff around blockchains and AI :)

[Akash 🦇🔊 @web3akash]

@PayneticAI can't sign up or login
please fix signup and login so i can use your services.

[naiive @naiivememe]

Calming down bro after he checked his crypto portfolio

[Akash 🦇🔊 @web3akash]

@fugasok @fugasok
any recent updates on this ?

[DADBOD @TheDadbodtoken]

The dads are cooking up the first onchain tool from $DADBOD.
Smart contracts are on the grill.
Front end’s getting prepped.

We’re taking our time to make sure it’s smooth, solid, and fully dad approved.
Just like a proper BBQ, we’re not rushing a thing.

Every detail is getting that low and slow treatment until it’s just right.
The dads are at the grill!
It’s almost ready to serve! 🍔🔥

#DADBOD #Crypto #Web3 #Ethereum #GrillAndChill #SlowCookedCrypto #CryptoDad

[WhiteBIT @WhiteBit]

$REEF migration completed ✅

Balances updated 1:1 (ERC20 → Reef Chain) — new addresses are on your Balance page.

Deposits, withdrawals & trading are open again!
You can trade $REEF/$USDC pair: https://t.co/G7MFYI9d9W

ERC20 (https://t.co/07Ip7VQiNA) → Reef Chain (https://t.co/mW2wJMZhX0)

[🐠 Reef @Reef_Chain]

⚠️ Reminder: $REEF on Ethereum & BNBChain is being deprecated. Don't get left behind 👀

Bridge today and ride the Reef wave 🚀

#ReefChain #DeFi #BridgeToNative #StakeREEF

[🐠 Reef @Reef_Chain]

🧵 Reef Q1 2025 Roadmap Update

Reef is progressing steadily in 2025, focusing on building a comprehensive blockchain ecosystem. Here’s a summary of the key developments:

[Dom @traderview2]

The collapse of $OM was unlike anything I’ve witnessed over my 8 years in this market. Out of pure curiosity, I spent nearly 10 hours dissecting the data, trying to piece together what went down

If you missed my initial breakdown of the crash, be sure to check it out below

Let me preface this by saying I never owned any $OM, but it was included in my "top gainers since the election" analysis multiple times over the last few months as it was hard to miss.

I have no idea what was behind the strong rally over the last few months, so keep in mind this rundown is only focused on what occurred on April 13th and is purely my own opinion.

With that said, here’s my final take on how the $OM meltdown unfolded:

The first -10% move to the $5 range was mainly due to moderate sell pressure from OKX spot market which started around 16:00 UTC with nearly 4M USD of $OM net market sold.

This move wasn't that abnormal and seemed orderly based on spreads across spot and perp markets.

So my focus remained on what caused $5 to break around 18:28 UTC, when things start really getting out of hand.

This was due to an entity(s) on Binance perp market. That's what triggered the entire cascade and the below chart proves that very well.
The blue line is Binance perp market and we can see the initial drop below $5 was triggered by a ~1M USD short position being market sold.

This caused over 5% of slippage in literal microseconds. That was the trigger. This seems intentional to me. They knew what they were doing.

Every 5 or so seconds after that initial short, more ~1M USD sell clips came in, which could of been more shorts being opened at market OR long positions getting liquidated.

This was the driving forcing behind the $5.00 - $2.50 move that occurred in less than a minute.

The next chart plots a premium/discount of the prices across OKX spot/perp market, Bybit spot/perp market & Binance perp market using Binance spot market as the baseline.
We can see how all markets were very in line up until the first 1M USD short clip from Binance perps.

The purple line being Binance perps, further confirms this idea as they were the first market to see a strong discount compared to the other markets (due to the vast sell pressure on the orderbooks).

But then we can see what happened shortly after, OKX spot market saw a near -20% discount compared to the other markets (more on this at the end).

The last visualization further proving Binance perps was the main driver behind the -50% move in under a minute is below.
This chart plots triangles based on the SIZE of the orders across all 6 markets included.

It's very obvious to see who dominated by a large margin, Binance perps.

Thanks to @ltrd_ for filling in last this missing piece about OKX, be sure to check out his top level breakdown of this event

-> https://t.co/6vgnhJaRmH

So after price reached $2.50, we saw odd behavior on OKX spot market, as seen two plots above.

There was a limit seller that popped up with multi million dollars worth of $OM, effectively keeping the OKX spot price pinned around ~2.40 for over a minute, all while the prices of other markets rose to $3+.

I believe this was the main driving force of the last part of the sell off below $2.00, along with just general sell pressure due to the coin already being down -50%

The last plot below gives a good view of this, each time the purple line was flat, there was a sitting sell wall that traders were "buying into" trying to arbitrage the difference in pricing across the markets.

The green CVD line effectively gives a good idea of the amount that being "bought" into this massive sell wall.
This partly explains why we saw "aggressive buying" on OKX, it seems most likely to be algorithmic bots trying to arbitrage the price differences.

Here's the post where I referenced this "aggressive buying"

-> https://t.co/AjPXdvfbuN

It still however doesn't fully explain the behavior here, and it's the one part I don't have an answer too.

You would think panic market selling would overpower any market buying during this event, but no, so my best explanation was market makers or algo arbitrage bots.

This limit seller was surely someone who was trying to get out of a large sum, but they showed up when price was already down -50%.

Overall, this research showed me how fragile most of the crypto orderbooks are and how thin the liquidity can actually be.

So my final conclusions (personal opinion):

-The initial crash below $5 was purely perp driven by Binance perp market
-The analysis point to this move not being triggered by the team selling spot tokens
-I believe it was a coordinated attack with the end goal being exactly what happened (who knows who and why, Binance & OKX should?)
-The spot market barely PANIC sold (at market) any tokens, beyond the passive limit sellers that popped up
-Most of the crypto's out there have a massive liquidity problem and marketcap is very deceiving

Thanks for reading. Like, comment and share if you enjoyed 🫡

[Crypto Vikings @CryptoVikings07]

Most of y'all would be having 7 figs in your account if Binance didn't started max extracting and scamming few months back

It's crazy how biggest leaders of the industry have became a full blown scam

Forget adoption, Sometimes I even feel ashamed to be in crypto.

[EliZ @eliz883]

BBBIIINNNAAANNCCCEEEE 👉🏻👈🏻

BBBIIINNNAAANNNCCEEEE 🤪🥸

@binance $OM

another one 😂

[Akash 🦇🔊 @web3akash]

@fugasok still valid ? @fugasok

[WhiteBIT @WhiteBit]

Migration update on @Reef_Chain

$REEF deposits, withdrawals & trading are now paused due to the migration to the Reef Chain.

Swap rate: 1:1 (Ethereum → Reef Chain)
No action is needed — migration is automatic.

We’ll update you once it’s complete.
Thanks for your patience!

ERC20 (https://t.co/07Ip7VQiNA) → Reef Chain (https://t.co/mW2wJMZhX0)

[Peter Mick @ThePeterMick]

vibe coding reality

[🐠 Reef @Reef_Chain]

🚨 Attention #Reef community! 🚨

We’re deprecating $REEF on #Ethereum & #BNBChain—it’s time to move to native REEF 🌊

Bridge today and stake your REEF to help secure the network 🔗 ⬇️

[Derek E. Silva @DerekSilva]

About 75 million $REEF have been bridged so far through Reef Bridge 🥳

[lratoms @lratoms]

@HotcoinGlobal 200x coming for Reef.

[Sander Gortjes @Sandergortjes]

@HotcoinGlobal Bullish on Derek & @Reef_Chain

[🐠 Reef @Reef_Chain]

🚨 $REEF BURN ALERT 🚨

- BNB Chain Burn Tx: https://t.co/VelCiQmcXD
- Ethereum Burn Tx: https://t.co/L0f3r5jNdp

This represents 30,038,931 $REEF burnt on legacy chains so far thanks to Reef Bridge since February 28, 2025!

In total we have burnt 1,025,349,016 REEF on Ethereum and BNB Chain.