Phantron

Time is a flat circle

[AdrianoFeria.eth 🦇🔊 🛡️ @AdrianoFeria]

Imagine shilling ETH for years, only to capitulate and rotate into shit coins near the bottom of the greatest ETH bull run in history.

[jawz @sayinshallah]

I’ve wanted to tell this story for years. Never had the courage. Here it is.

I turned a presale allocation into $80 million on $OHM. Today I have $500k left.

In 2021, I got a presale allocation in OlympusDAO, then aped heavily myself on top of it. The allocation got me in the door. My own conviction made me go all in. Staked everything. Watched it compound daily. By the peak I was sitting on $80 million.

Then I started spending like the money printed itself.

Private jets to Dubai because commercial felt beneath me. $40k weekends in Monaco. A garage full of cars I drove twice. Watches I never wore. I tipped $5k at dinners just to feel something. Every purchase was a flex for an audience that didn’t care.

The casino was worse. High limit rooms in Vegas and Macau. I’d lose $2 million in a night and laugh it off because the portfolio would make it back by morning. Until it didn’t.

When $OHM unwound, I didn’t sell. I doubled down. Then I leveraged. 5x, then 10x, trying to trade my way back to the peak. Every liquidation felt like a personal insult, so I’d open a bigger position. I wasn’t trading anymore. I was gambling with a different interface.

$80 million became $20 million. $20 million became $4 million. I told myself $4 million was still life changing money. Then I levered that too.

$500k. That’s what’s left.

Here’s what I learned the expensive way:

Unrealized gains are not money. I never had $80 million. I had a number on a screen and the arrogance to believe it was permanent.

Getting in early is a gift. I treated it like a skill. The allocation didn’t make me a genius. It made me lucky. I confused the two for three years.

Lifestyle inflation is a leak you don’t notice until the ship is underwater. The jets and cars didn’t kill me. The identity did. I became someone who needed to spend to feel like a winner.

Leverage doesn’t get you back to even. It gets you to zero faster. Revenge trading is just grief with a chart open.

Nobody at the table in Monaco remembers my name.

I’ve carried this story alone for years. Too embarrassed to say it out loud. But $500k is more than most people will ever hold at once, and I’m done pretending the past didn’t happen. The next decade is about building slow and keeping what I make.

If you’re up big right now, screenshot this. You’ll need it.

[Le Chiffre @LeChiffre]

@0xcyp - reduce third-party to benefit the end user (better yield, less expensive etc) - a bit like your second point, but it applies to everything

- self custodial and totally freedom over your assets (unlike any traditional platform)

[MetaMask 🦊 @MetaMask]

The MetaMask Agent Wallet is here. 🦊

Early Access is now live - 200 spots available.

👇

[Phantron @XPhantron]

@TheCalvinCooli1 https://t.co/Aj5MCqND3O

[PaTRoN @patron4eg]

I've wanted for a long time to build something useful for @LineaBuild. Not just another token, but a mechanism that increases on-chain activity, creates demand for core ecosystem assets, and remains attractive for speculation.

That's why we're launching:

• on-chainDAT - a platform for launching Digital Asset Treasuries (DATs)

• $LINEADAT - the first and core DAT of the ecosystem, built around $LINEA

How does $LINEADAT work?

• Every buy and sell transaction is subject to a 10% fee.

• These fees are used to accumulate $LINEA in batches of 150,000 tokens.

• Once the value of a batch increases by 20%, it is sold through a P2P mechanism.

• The proceeds are used to buy back and burn $LINEADAT.

• Every new DAT launched through the platform will allocate 1% of its trading volume to buying back and burning $LINEADAT.

The next DAT will likely be built around $REX or $REX33.

$LINEADAT belongs to the Classic DAT category. This model has been operating within TokenStrategy @token_works for more than six months and has proven its stability in real market conditions. That's why it was chosen as the foundation of our ecosystem.

Why now?

• The market is deeply depressed, and $LINEA is trading near its historical lows.

• This is the best time to accumulate the underlying asset.

• Put simply, $LINEADAT is a leveraged bet on $LINEA, enhanced by a deflationary mechanism and without liquidation risk.

Why Linea?

• Linea is backed by @Consensys, the creators of MetaMask, Infura, and one of the most influential companies in the Ethereum ecosystem.

• We believe Linea is not in survival mode. It is in the process of finding breakthrough products and new use cases for the network.

• At the same time, on-chainDAT is being built as a multichain platform from day one. After Linea, we are considering expansion to Base(@base) and assets such as $AERO, $VIRTUAL, $VVV, and a potential future $BASE token.

Why trust us?

• The entire supply of 1 billion $LINEADAT has been added to a Uniswap V4 liquidity pool and locked forever.

• The protocol's economics operate entirely on-chain.

• Anyone can participate through the UI or by running their own arbitrage bot.

• The protocol will continue functioning even if the on-chainDAT website or the @Uniswap frontend disappears.

Launch considerations

The Linea ecosystem is still in its early stages. As a result, DEX Screener and CoinGecko do not yet index trading activity from Uniswap V4 pools.

For launch, we are using our own price tracking system. Minor bugs are possible and will be addressed as they appear. We expect Uniswap V4 support to be added by major tracking platforms in the near future.

P.S. This is only a brief overview of the project. Full documentation and a detailed explanation of the mechanics are available on our website and in the Docs section.

[Aero @0xAero8]

I could’ve bought $HYPE at $35 and be up >2x, yet the only way for me to capitalize on this move is to sell. Now I own less of a great protocol. Sad.

Instead I bought $RAM, am up >2x, staked as $xRAM and earn 50-60%+ APR, paid in $USDC weekly. Happy.

@RamsesExchange

[The Rollup @therollupco]

Joseph Chalom explains why the ETH burn thesis isn't broken:

"Mainnet is being built for the volume coming from tokenization, stablecoins, and agentic. 3x throughput increases. Reduced gas fees."

"If it grows incrementally, you won't trigger the burn in a way that drives ETH up. We believe the step-function increases are coming."

"10x, 20x, 50x transactions on Ethereum and L2s, you end up needing ETH as trustware to secure them. That is the thesis."

[DOG @keccakdog]

Lending markets have been around for a while, but this cycle they pretty much vamped the entirety of DeFi due to asymmetric targeted incentives.

Why? Because the TVL number is all that is cared about for most chains/teams. The most cost efficient way to get a lot of TVL is to incentivize these "single-stake" or lending primitives, where each $ of incentives produces many multiples of $ in tvl.

This is nice for pumping tvl of a chain, but how does this benefit the ecosystem/on-chain economy? The answer is it literally does not at all. Not even remotely.

Ever wondered why DEX tvl is so sparse nowadays? All stable pools and low volatility options still do not see the level of growth/usage as they did past cycles- mostly because the APR/earnings are not worth the "management" of LPing in the CL age.

For chains to truly grow, and have a real economy full of builders, you need to incentivize powerhouses onchain, which every stat on defillama basically shows you lives in the hands of exchanges.

Bringing power back to the DEX landscape will keep afloat many projects in the ecosystem through a ripple effect/trickle down.

I guess I'm biased as a DEX founder, but even as an LPer/farmer, it's almost impossible to find good incentives for LPing (on a chain level/fdn). All the incentives go to low velocity primitives, to make VCs and others happy.

[DOG @keccakdog]

@wagmiAlexander Preach, it’s the literal lifeblood. I’d say it’s about time to get more Tvl out of lending primitives and more back into productive liquidity

[Body_Buidler @bodybuidler]

That's what alignment looks like! Most of the top @RamsesExchange holders have been adding to their holdings in the last epoch.

Shoutout to @0xMasterCrypto1 for the dashboard!

[materkel.eth 🦇🔊 @materkel]

The reason Ethereum is so hated on CT is that, if it succeeds, there’s little reason for any other L1 construction to exist.

However, a world where Ethereum loses is basically a free-for-all. Everyone and their shitcoins will be happy, but the world will have lost "everything" in the process.

Ethereum is our last hope for a truly decentralized and credibly neutral internet of value.

That’s why it’s so important that we win. There is simply no alternative.

[Le Chiffre @LeChiffre]

my two cents about EF, Sharplink & Bitmine and ultimately: Ethereum & ethereum:native

but first of all, this is only my own view.
so we have seen some departures since the start of the year from EF but if you actually follow these people nobody has truly left the Ethereum ecosystem they left the EF, we'll know more later but the most likely outcome is that they keep working relentlessly to make Ethereum succeed exactly as they did from inside the EF just through different structures that will themselves become critical to the protocol

before going further in my text, i'd like to ask those who tell me that the EF is bad for Ethereum to tell me why in the comments. for me, it's a group of extremely intelligent people (+140 iq) working all together on a mission

but the interesting part on this post if @BitMNR and @Sharplink

both spent the last 18 months accumulating a significant portion of the ETH float both are integrating the Russell 2000 (see my QRT)

and let's be clear about what it took to get here. the DATs integrating the indices almost didn't happen if you remember what went down earlier this year. you know exactly how close it came to falling apart the fact that it happened is an enormous victory for Sharplink for Bitmine and for every ETH holder

the Russell 2000 is one of the largest tracked indices in the world. every passive fund manager, every pension fund, every institutional ETF benchmarking against small caps automatically holds everything in it when Bitmine and Sharplink are in that index every single person who buys a Russell 2000 ETF gets ETH exposure whether they know it or not.

nothing news for you, right now

but more institutional holders means more ETH locked in staking strategies (via Sharplink & Bitmine). yield is a critical variable for these companies and the more they accumulate the more the staking return justifies holding which tightens the float further which amplifies every future demand shock!

and then there's the sentiment signal which is the most reliable indicator right now. the loudest voices in the space are capitulating influencers who built their entire identity on ETH. They are publicly announcing they sold their last coins and the timeline is saturated with "ETH is dead" I've seen this pattern enough times to know what it usually precedes in the past (since 2017)

maximum pessimism on CT historically marks the 6 to 12 months (i may be wrong, and probably!) before the most violent repricing. Not because the pessimists are wrong about the problems but because they're pricing a permanent state into things that are actually temporary.

there is no EF dysfunction and what we're going to see is more teams with the sole intention of making Ethereum and ETH win. Bitmine and Sharplink just arrived and they're not going anywhere they're billion (with a big B) dollar companies with every structural incentive to see ETH succeed and they will do everything to make it happen

Ethereum as a network, is better positioned for structural institutional adoption than at any point in its history. Same for ethereum:native

ethereum:native to $10k

[DOG @keccakdog]

Purposely hidden on their docs, UI, everywhere. Even contract side it's obfuscated. I try not to be combative against others but can't overlook straight fraud/false advertising lol.

100% of fees is a pure lie, this is the sad reality of not having your own devs, you outsource to others and lose value. SAD!

[North @northpool9]

I've seen it all. 😂

A copy/paste uniswap fork on @HyperliquidX hyperevm let users farm pts for over a year and then said "nevermind, no token afterall," kept a year's worth of fees for themselves, and then invented a 'cashdrop' to give a dust allocation to the top 10K users. Anyone supporting this is either a paid KOL or hasn't done the math.

If you've done the math and refuse to be scammed any more, consider this a personal invitation to move to @RamsesExchange. If you LP you're getting 5X the rewards per $1 of tvl compared to @prjx_hl and if you stake $RAM you earn 100% of the fees generated on the platform. No token promise scams, no overstated metrics on the app, no insultingly smol 'cashdrops' when you deserve all the fees.

You're welcome.

[DCinvestor @DCinvestor]

it's good to see it

it's good to see people lose hope

it's good to see the capitulation

it's good to see people think the premise and value prop of crypto is over

it's good to see people believe that projects which have survived and outlasted and command growing institutional mindshare will now suddenly perish because of "the new thing"

capitulation is a process. and candidly, it's probably not done

but it's OK. i will be there on the other side with those who remain 🫡

[cyp.eth @0xcyp]

@papaxem4 @StatusL2 as Status Network was acquired by Linea, i can't talk about any SNT or Status related campaigns anymore

things are coming for LINEA though 👀

[eric @econoar]

Day I return, Bankless sells all their ETH.

God damn, we actually may send for real.

[Le Chiffre @LeChiffre]

We are still at the early stages of mass adoption

yesterday, it was @Revolut announcing a crypto card
tomorrow, it will be @jpmorgan

what you don’t realize yet is that crypto is mostly seen by us (normie users, me included) as a way to make money with memecoins and altcoins. for those who have been here since 2017 like me, it used to be easy money (except since 2023 but thanks to @HyperliquidX)

there was constant demand, more and more people joining our small ecosystem, which is quite hard to understand at first (it is still hard to setup a wallet, bridging fund and even to setup a cex account for the most novice). then we get caught up in profits, adrenaline, losses, and the friends we make along the way

but since 2025, and since I joined @LineaBuild, I’ve been able to see that adoption is changing, thanks to some exceptional people @DeclanFox14 @GuiDechaux @goinfrexeth @florian_huc. Before that, i didn’t notice it on twitter. i didn’t see it from competitors. these are direction and decisions made far ahead of what we see on X

the next wave of crypto adoption will come from major platforms like @RobinhoodApp or Revolut, but also from banks @SocieteGenerale with Forge etc

i can see the meetings
i can see the features we’re working on
i can see the roadmap

crypto is about to become mainstream again, in a near future

and one thing is certain: Ethereum is becoming the universal settlement layer of the future

there will be billions of users using blockchain in their daily lives without even realizing it

yes, it’s different from buying memecoins, and I hope we will see another memecoin season (without all the scams, creator coins, shilling, sniping etc)

At Linea, we organized a private dinner in Miami with @lfdecentralized and the @ethereumfndn. the discussions were extremely interesting. everyone wants to tokenize assets or use blockchain to transfer money. Six months ago, I didn't know half the companies present at the dinner. Yet, when we talk about volume, it's in terms of a percentage of global GDP. Not in hundreds of millions or billions $.

it’s no longer "this will happen in 10 years"
it’s "this is being built right in front of us"

i understand that we (including myself) are often more excited about beta plays and making quick money, this has been my life since 2017

but with this post, I just want to show you the direction the ecosystem is taking and only the strongest people with the best connections will make it happen

a new world is opening up, and you still have time to understand it and position yourself accordingly