whail retweeted
$30 MILLION in 30 days
perpetual firms are starting to ramp up
currently @VestExchange sits on top with over $20,000,000 paid out in 30
however i can see everyone else is paying more and more each month as well
100 million by end of year is possible
excited for the industry to evolve even more
track progress and wallet balances yourself:
payoutflow.co @payoutflow
whail retweeted
sorry but the whoile druckenmiller and elon tweet, followed by a binance hack all within the same day isnt a coincidence lol
whail retweeted
CT is very powerful we just decide to bicker over nonsense instead of combining our influence and capital to create
So much opportunity in the coming years
Less complaining more solutions, bring back the golden days
whail retweeted
Latest on ethereum:0x31eea0edeb85b0cb65c1400bd2f4e487fd61b537 PA based on onchain analysis.
About 61% of the Genesis airdrop has left the recipients' wallets, and roughly 56% of the total looks actually sold.
On wallets, 2,129 (71%) are now at zero, up from about 68% before.
The airdrop selling has largely stalled, with a4 and a66 the main ones still selling. Some comparisons,
$UNI: 82.5% of airdrop wallets were out by day 90. It bottomed at $1.93 in Nov 2020, then ran about 23x.
$ARB: 84.5% of wallets were out by day 30 and 88.8% by day 90. It bottomed at $0.76 in Sep 2023, then ran 3.2x.
solana:JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN : 94.4% of wallets were out by day 90. It bottomed at $0.47 in Feb 2024, then ran 3.9x.
$PENGU: 74% of wallets were out by day 7 and 87% by day 90. It bottomed at $0.0039 in Apr 2025, three weeks after that, then ran about 12x.
$LIT: about 64% of tokens sold and 82% of wallets out. It bottomed at $0.78 in Mar 2026, then ran about 7x.
ethereum:0x31eea0edeb85b0cb65c1400bd2f4e487fd61b537 on day ~33: about 61% of tokens sold and 71% of wallets at zero.
What stands out about ethereum:0x31eea0edeb85b0cb65c1400bd2f4e487fd61b537 is that it's trading around 3x its day-1 price even after all the airdrop selling. New buyers keep stepping in at higher valuations.
And this has happened with barely any announcements from the team. Most of the supply has already changed hands at higher prices, so any catalyst from here hits a much cleaner setup.
Feels like a deliberate design choice from @tread_fi.
Holding 100k ethereum:0x31eea0edeb85b0cb65c1400bd2f4e487fd61b537 gets you a 50% fee discount, and the next tier is all the way up at 1M. So for most whales, 100k is the natural place to stop.
You can see it on-chain: wallets with 200–300k selling down and stopping right around 100k. The extra supply goes to new buyers at higher prices.
Whales get trimmed, new holders come in at higher entries, and distribution gets healthier without a crash. A 60–70% tier at 250k would have locked people in instead and slowed all of this down. But tread team seems like wanted more distribution from whales.
Since Sep 27, a group of large wallets has been buying $TREAD at $0.90 and above.
> 12 wallets bought ~1.6M TREAD on the open market at an average of $0.90+ (market maker excluded)
> ~1.0M of that is still held by 8 wallets, with entries mostly between $1.00 and $1.20
> The 16 largest recent buyers together hold ~2.7M TREAD, about 21% of the 13M circulating supply, at an average price above 0.9.
> Several are single positions of 75k–250k TREAD
These are new holders with a much higher cost basis than airdrop recipients, buying in size at current prices.
On the supply side:
> Holding 100k TREAD gives a 50% fee discount on TreadFi, so most large airdrop wallets have a reason to keep at least 100k instead of exiting fully
> That makes a meaningful part of whale balances effectively sticky supply
Upcoming demand drivers:
> Exchanges integrating through TIP-4 are expected to need TREAD, reportedly around 100k each (exact amounts not public)
> The Agent Marketplace requires TREAD to list agents
> A potential Season 2 would add trading volume, which drives the builder fees the platform earns
More volume means more fees, and if buybacks are introduced, fee growth would feed directly into demand for TREAD.
Data: Hyperliquid on-chain fills and TWAP history. Not financial advice.
whail retweeted
Over the past few days, I have been seeing a lot of denied payouts and traders banned for winning too much at other prop firms.
We will never ban profitable traders.
A firm that only wins when you lose is fundamentally misaligned. Your profits don’t come from our losses.
whail retweeted
Created a tool that shows your share of total volume on @tread_fi since TGE.
If S2 happens, there's a chance all volume done between TGE and S2 gets rewarded in one single points drop. I've done about $10M since TGE, which is currently 0.8% of total post-TGE volume.
You can calculate your total volume post TGE by going to app.tread.fi/points and manually adding your volume across all exchages there.
You can check yours here: tread101.xyz/stats
Current trades and positions:
$WLD is interesting here chart seems to be signaling something
$DRV is one of my high conviction long term bets
Long $AERO from @_zkmike confluence
ethereum:0x31eea0edeb85b0cb65c1400bd2f4e487fd61b537 continuing to accumulate with Arcus integration
Papertrading continues to be interesting
whail retweeted
saved my first $1000 in fees on TreadFi, and it's more than a discount
some perp DEXes allocate tokens to builders at TGE, 100% of these builder tokens will get airdropped back to you by TreadFi based on how much you saved in fees on that specific perp DEX
bullish
the fee discount depends on how much $TREAD you hold and your TreadFi volume over 14 days
and since the hold-based discount launched, $TREAD went from $0.50 to $1
where I saved:
- HL (Entropy + Kinetiq) $731
- Ondo $160
- Extended $122
- Perpl $48
- Nado $19
- RiseX $5
really waiting for @QFEX and @TxFlow_L1 to be integrated
small alpha at the end: @tread_fi is the top builder on Extended, and @extendedapp TGE is coming, think about that
and who knows, maybe S2 TreadFi is live
branxi.app
