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Weekend surprise from market was quite unexpected seeing Altcoins and bitcoins taking a dip and situation is a lot different. The onchain stuff is still going out of hands as it's just wild west on Solana onchain these days. It's time to track what I'm doing and what is going on in this DeFi summer.
The Average Crypto investor
We've seen so many pullbacks in the market that I don't feel anything anymore whenever it goes down. It's like a war-zone protecting my peanut butter portfolio from cartel aka exchanges from liquidating the poor.
Most people who get effected by these -6-10% pullback are the one's using 20x or 50x like high leverage.
It's like when market do -1% they lose 70% on that high leverage already that's why it's better to stay away unless you're going degen.
Predicting The Market Nuke before it Happens
So many People stay bullish when market is good and than after a nuke they're one's who says "I warned you" there's no one with even 50% certainty to predict when it will happen.
The thing is market itself want to alert people before a nuke and this time it was this:
I've never in my life saw a coin that was launched a day ago from presale went from $0 mc to more than a billion dollar market within two days and also got listed on major exchanges like binance, bybit.
This was more than convincing for a market to nuke and shakeout people.
The memecoins Casino is almost Over
It's becoming a west wild in memecoins space especially in Solana there's like a new memecoin in every minute and a new rug (scam) in every minute.
It's like a job for some people to scam others.
It's better sometimes to stay away and don't look back because when you think this might be your time to make next 100x.. there's just another scam.
Retiring from Crypto is now on Wholesale
Since the morning I've seen tens of tweets by some anon I never seen on X or heard before with less than 20k followers making a tweet about presale of memecoin asking to send sol.
Is making millions and from millions I mean multi millions, some guy raised $10million and another one did $30million.
At this point it's unbelievable, looks like they're laundering money but that's just people who are too greedy or are rich enough to gamble it just like that.
The Saturday Dip
I saw the market went down yesterday and found hive is at my buying price.. bought more hive from the dip.
Now market is healing again but what I'm seeing is going on in this industry right now - I won't be surprised if entire market goes to zero tomorrow.
This is it, I hope you've enjoyed this edition and this weekend too.
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