dankcoldturkey
@dankcoldturkey
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Joined August 2021
$USELESS has now done ~40MM in volume in the last 24 hours with a 41MM market cap š± no meme even remotely compares to a 1:1 volume to marketcap ratio. $USELESS is also doing the 29th most volume on Coinbase among all coins traded on the platform and has the 5th highest volume of
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Our MVP $USELESS has made memecoin history š What a match! What a performance! We'll be seeing you on pitch for the AtlĆ©tico de Madrid vs Barcelona match in April! š„ @atleti @atletienglish
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Memecoin fundamentals are real, and $USELESS is once again leading the charge in some of the most important metrics. It's no surprise that it just did a ~75% move off the lows as volume always proceeds price. And based on the data below, it looks primed for another aggressive
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Retail is coming back. $USELESS is the most relatable memecoin narrative that as ever existed and will once again be the fastest horse in the race the second BTC bottom is confirmed in. There is nothing retail likes more then moving to the furthest end of the risk curve into
Retail users on Coinbase have been very resilient during these market conditions, according to our data: - Theyāve been buying the dip - weāve seen a native unit increase for retail users across BTC and ETH - They have diamond hands - vast majority of customers had native unit
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We have also had Blackrock, Apollo, and Citadel all buy DeFi tokens in the last week and Twitter announce theyāll soon introduce crypto trading to their 550M users. Institutions are positioning before the clarity act is passed. A V reversal is coming and $USELESS is once again
2017: "Crypto is a scam" 2021: "It's a bubble" 2026: ā¢ AMEX hiring crypto product managers ā¢ PayPal hiring crypto business development ā¢ Visa hiring crypto sales & partnerships ā¢ JPMorgan hiring blockchain developers ā¢ Morgan Stanley hiring crypto traders ā¢ BlackRock
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$USELESS is has now done ~35.3MM in volume in the last 24 hours, with ~5.3MM being on Coinbase alone. It is the 3rd most traded coin on all of Solana in the last 24 hours, while sitting at just a 42MM marketcap. Typically, price proceeds volume. $USELESS was also the highest
$USELESS is about to run it back and it couldnāt be more obvious. On a random Saturday during a 3 day weekend itās doing nearly ~20MM in volume. ~3.5MM of which is on Coinbase. Coinbase volumes are mainly retail and is what gets a meme to multi billions. When $USELESS was added
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$USELESS is about to run it back and it couldnāt be more obvious. On a random Saturday during a 3 day weekend itās doing nearly ~20MM in volume. ~3.5MM of which is on Coinbase. Coinbase volumes are mainly retail and is what gets a meme to multi billions. When $USELESS was added
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1/ On Dying In A Year I was thinking about this phrase the other day "Live every day as if it is your last" It is a very popular saying, you are supposed to appreciate each day each day, something like that. People inspo-tweet it a lot.
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These firms also lent out BTC to 3AC (with no collateral because these guys are just smart and they get it!) who played the same GBTC game that crushed them and everyone ended up on the wrong side of the trade at even larger scale.
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These firms took BTC deposits from retail, swapped to GBTC and sold GBTC for a premium. It took months for the swap to happen and it worked great, until the GBTC ETF got denied again and again. The premium became a a 35% discount and retail requested their full BTC back.
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They also swapped retails deposited USDC to UST to earn 20% while giving you back the 6% shown on their site (nice arb!). Well, thatās one way to tell everyone you didnāt read the whitepaper of a protocol without telling us you didnāt read the white paper.
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There are many threads explaining the UST ponzi that I wonāt go into but CENTRALIZED Crypto Lenders lent out money to 3AC with no collateral because "these guys are just smart and they get it!" Funds were put into UST which effectively went to $0.
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When the Anchor protocol was created and a āguaranteedā 20% yield on UST was provided, they took advantage of the opportunity as well as of the people who run CENTRALIZED Crypto Lending firms due to their reputation.
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In 3ACās early days, they were extremely successful at stable yield arbitrage that can be done on chain due to solid spreads through various lending protocols. They could earn a couple % a month which really added up with large quantities of cash and was relatively safe.
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Yet again greed, lack of common sense, and poor risk management tools from ātrustedā and āsmartā former TradFi Suits who now run CENTRALIZED Crypto Lending firms are next in line facing credit issues from 3ACās collapse hurting retail investors once again.
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The nuclear collapse of 3AC, a crypto hedge fund with 18bn of AUM just 7 months ago is now supposedly worth -$1bn. This will forever be marked in crypto history and is another learning lesson.
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Minting a @BoredApeYC NFT one year ago turned into the greatest investment of all time, with a 270,000% annual return Nearly one-fifth of the return came from the recent $APE governance token Who wouldn't want to be long this chart? #ApeFollowApe #BAYC #MAYC #apecoin
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