Kaizen

Kaizen

14,366 Twitter followers

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I trade, slight degen • Building @stfx_io @vertex_protocol⛩️

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This is the guy who bought $1.5B worth of SOL at an average of $230. That’s now worth $500M as Solana trades at $85. He’s down nearly $1B through his Solana DAT. Pretty shitty execution if you ask me. But yeah, Hyperliquid is everything wrong with crypto.

Hyper liquid is in most respects everything wrong with crypto Founder literally fled his home country to build Openly facilitates crime and terror Closed source Permissioned

Coinbase launched the Monad ICO and pushed users not to sell so they would get more allocation to other ICOs in the future. Coinbase specifically said there would be monthly ICOs. No ICO in December, no ICO in January. Since then, MON is down 60% from the peak and 30% from the ICO price. Retail once again serving as exit liquidity.

Lighter is insanely overvalued at $2.3B. Volume and revenue is falling off a cliff post-tge as I was expecting. I believe this will likely only become worse as time goes on without an introduction of another season. Turns out zero fees isn’t a moat if you have other perp DEXs with no fees and incentives. The team is only activating buybacks on dumps. Therefore the team is telling you the token is overpriced. Otherwise why wouldn’t there be a continuous bid like the Hyperliquid AF. Lower for lighter.

How long do you think we have left in the cycle?

The 3 best businesses in crypto are: > Exchanges. > Blockchains. > Stablecoins. What if one does all 3? Rebirth.

Bitcoin’s biggest failure is that it currently moves 1:1 with the stock market instead of Gold.

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