If the Lord will, we shall live, and do this, or that. - James 4:15
Valhalla
Joined February 2024
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on another note, $USELESS has the largest 24h drawdown of any cryptocurrency listed on Binance futures or traded on Hyperliquid perps
so again, while it tends to outperform everything else when $BTC is trending strongly, the reverse seems to be the case during periods of extreme market stress like this
the silver lining is that this presents an opportunity: an entry for those who have been sidelined so far, and a swing/quick trade for those who enjoy that kind of trading
my core spot bags remain intact, but i like this as a swing trade here
the kind of volatility you see on $USELESS is a trader's dream!
the silver lining to all of this is that Binance will be fine
i do not believe there is a systemic risk here
Binance reportedly makes $16-$17 billion in annual revenue
almost half of the total amount involved in the incident has already been frozen or is potentially recoverable
total amount that may ultimately be unrecoverable = ~$3.2 billion
so about 2 - 2.5 months of revenue based on those estimates?
very manageable for a company of Binance's scale, especially considering its strong history of prioritizing users during periods of stress like this
@cz_binance and @heyibinance have also publicly stated that all user funds are safe and will be fully covered
in my opinion:
- odds of systemic risk? incredibly low!
- odds of a bank run? incredibly low!
- odds of panic selling and overblown media headlines? yes
this is simply THE event that puts in the final local lows before things get really exciting again
Binance and the industry will be fine
don't make any trading decisions out of panic
chill, touch some grass, make sure your opsec is good in the meantime — crypto is not going away!
Binance reportedly hacked for $5.6 billion
potentially by far the biggest hack in crypto history
please stay safe everyone! 🙏
also not sure what the deal is with October: last year we had 10/10 & this year we're potentially looking at the largest hack in crypto history just days before October ends! 🥲
Unipcs (aka 'Bonk Guy') 🎒 retweeted
User funds are safe.
Binance will cover all hacking losses.
Deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement.
We will share a full post-mortem once the investigation is complete. Please rely only on official Binance channels for updates.
Binance reportedly hacked for $5.6 billion
potentially by far the biggest hack in crypto history
please stay safe everyone! 🙏
also not sure what the deal is with October: last year we had 10/10 & this year we're potentially looking at the largest hack in crypto history just days before October ends! 🥲
i tend to be a perpetual optimist and i'm generally careful about tweeting bearish stuff
but i do not think we're out of the woods yet
$BTC proceeded to dump 21% a week after the Bybit hack in Feb 2025 (~23% two weeks after)
the Binance hack is far bigger, both in scale and significance
as much as i would like to believe it is over, historical precedents make me lean towards believing it is not
this reminds me of 10/10, where everyone thought the bottom would be in ASAP after such a massive flush, only for us to go through one of the worst crypto winters the industry has experienced in a long time, both in scale and duration
while i do think this incident creates THE local bottom before the real face-melting run we've all been waiting for (i think cycle lows were already in back in June!)
it's hard to imagine things getting much worse, and i don't think this is going to be as bad as 10/10
but i also don't think this is going to play out in a day, as many would like you to believe right now
the best move for now is to preserve capital IMO!
Binance reportedly hacked for $5.6 billion
potentially by far the biggest hack in crypto history
please stay safe everyone! 🙏
also not sure what the deal is with October: last year we had 10/10 & this year we're potentially looking at the largest hack in crypto history just days before October ends! 🥲
i currently hold no $PEPE, but the strength this has been showing whenever $BTC pumps even a little is incredible
i think $PEPE is going to be one of the cryptocurrencies many will be talking about in the coming weeks/months
alongside $USELESS
both were among the early outperformers this year and continue to show strength
they're bellwether assets that reinforce my conviction that memecoins will continue to play a key role in the future of crypto
it's fascinating how $USELESS & $PEPE started the year outperforming almost everything else
and now the exact same pattern is repeating as we approach year-end
except this time, $USELESS is up 163% from its yearly open while $PEPE is up just 14%
USELESS has outperformed PEPE by more than 10x this year
(and both memecoins have outperformed pretty much every other memecoin on a decent enough timeframe)
in a market this volatile and unpredictable, identifying the assets that consistently bounce the hardest after corrections is EVERYTHING
anyone can look like a genius during a broad market pump
but when the market gets choppy, capital starts separating the assets the market truly wants from everything else
the assets that get bid the hardest during every recovery are often the same ones that aggressively outperform when the market finally returns to a sustained uptrend
and all year long, not a single memecoin — old or new — has consistently demonstrated stronger relative performance than $USELESS
the market keeps showing you what it favors
at some point, you have to pay attention
$USELESS is THE memecoin of this cycle
and i think the gap between those who recognize it now and those who realize it in hindsight is going to be enormous
Unipcs (aka 'Bonk Guy') 🎒 retweeted
one of the only memes on my watchlist of ~25-50 alts.
been hammering on x over the past months about how memes are USELESS this cycle
would be ironic if $USELESS continued to outperform practically the whole market
this thing has traded as levered BTC since the bear market bottom - & made a new ATH on the BTC & SOL pairs in September
clear winner for this cycle - very volatile coin both ways.
recommend spot & hold
believe we are at one of the highlighted area equivalents from August at current price.
prev move was a ~10x from the lows
my overall portfolio is extremely heavy ETH & DeFi / RWA fundamental backed coins (90%)
when looking at coins on SOL to hedge my primary conviction for this cycle , the only that stood out to me is USELESS.
why?
because all memecoins are literally $USELESS .. & it's the best chart on sol
swing long USELESS to ATHs. expecting price exploration in Q4
Unipcs (aka 'Bonk Guy') 🎒 retweeted
$SI sentiment has clearly flipped bullish over the past 7 days
Whales offset their sells with recent bids at the bottom
Smaller wallets started putting in massive buy pressure
Smallest wallets (fish) got exhausted of sell pressure
Price trend is up
If small wallets keep bidding, expect higher highs continuously
If whales flip bearish with massive sells again, expect price to stall or reverse
Track whale and small wallet flows on our web app in the replies ⬇️
Unipcs (aka 'Bonk Guy') 🎒 retweeted
Whales are betting on $SI being due another major run up
Over the past 7 days, SI moved 100% off the bottom and whales accumulated net $104K in the same time period
Smaller wallets are flipping bullish too
Majors are the only headwinds SI is facing
If BTC and SOL can start a new run up, SI is due massive outperformance
If whales flip to massive outflows again, this thesis breaks
Track whale flows live on the Sun Flow web app in the replies ⬇️
Unipcs (aka 'Bonk Guy') 🎒 retweeted
IF bitcoin has a follow up move tomorrow, you can probably blindly long $PEPE and $USELESS as the leaders currently.
Unipcs (aka 'Bonk Guy') 🎒 retweeted
$USELESS has caught up to $PEPE and is starting to outperform
outperformance about to accelerate from here IMO!
looking like it's the $PEPE <> $USELESS barbell for memecoins again from here
as happened the last few times...
i'm expecting $USELESS to catch up and aggressively outperform from here
it's fascinating how $USELESS & $PEPE started the year outperforming almost everything else
and now the exact same pattern is repeating as we approach year-end
except this time, $USELESS is up 163% from its yearly open while $PEPE is up just 14%
USELESS has outperformed PEPE by more than 10x this year
(and both memecoins have outperformed pretty much every other memecoin on a decent enough timeframe)
in a market this volatile and unpredictable, identifying the assets that consistently bounce the hardest after corrections is EVERYTHING
anyone can look like a genius during a broad market pump
but when the market gets choppy, capital starts separating the assets the market truly wants from everything else
the assets that get bid the hardest during every recovery are often the same ones that aggressively outperform when the market finally returns to a sustained uptrend
and all year long, not a single memecoin — old or new — has consistently demonstrated stronger relative performance than $USELESS
the market keeps showing you what it favors
at some point, you have to pay attention
$USELESS is THE memecoin of this cycle
and i think the gap between those who recognize it now and those who realize it in hindsight is going to be enormous
$USELESS has caught up to $PEPE and is starting to outperform
outperformance about to accelerate from here IMO!
Unipcs (aka 'Bonk Guy') 🎒 retweeted
Regardless of the current market sentiment, $USELESS has consolidated at and above the 0.15 range for 14ds (2wks).
I don’t need to tell you what happens when such consolidation happens for this long especially after a 500%+ move. Soon, these current levels will be a thing of the past when $USELESS trades at multibillion dollar levels.
Accumulation (0.15), manipulation (0.13), and then expansion incoming!
$USELESS will outperform the likes of $PEPE, $BONK, $DOGE and other memes cementing its place as the meme of this cycle.
Bid spot $USELESS and chill!
$USELESS accumulation still ongoing amidst the current market uncertainty. The 150m (0.15) support zone still holds and price keeps bouncing from it on all timeframes.
This accumulation has been going on for 13 days (the longest it has accumulated at a floor).
All eyes on the 0.185 level, break and retest above it and ATHs comes fast!
This move will happen sooner than many expect and in time when $USELESS trades at multi billions, no one would believe they had the opportunity at these levels.
⏳⏳⏳⏳⏳⏳⏳
Unipcs (aka 'Bonk Guy') 🎒 retweeted
I don’t think I’ve ever seen an asset fall near 80% and still have net $10.8M worth of whale accumulation
$PONS FUD was insane at kicking retail and even MMs out of this trade
Whales are as confident as ever that this thing will reverse massively
Just watch what they do with all this supply at higher levels
Massive outflows often mark tops
Track whale flows live in the replies👇
more on why i think R/R favors being long $PONS from here:
• disappointing Robinhood earnings, but the RH crypto segment outperformed and stood out, with RH chain accounting for about a quarter of all RH crypto earnings. this lifted the entire segment
• Vlad gave an interview suggesting they're about to unleash catalysts for the chain
• $PONS has 88% of launchpad market share on RH chain, making it by far the best proxy to bet on the chain's growth
i think RH eco is extremely oversold, fudded to death, and written off at the moment
the consensus is to fade RH chain
and the way to win is by betting against the consensus
Robinhood earnings turned out incredibly bullish for the chain
VERY BULLISH!
Robinhood Chain played a critical role in their crypto earnings, which was their top-performing sector
@vladtenev didn't mince words and was very clear about what's coming for the chain
looks like things are about to get VERY exciting for Robinhood Chain from here
$PONS in particular looks primed for an aggressively explosive move to the upside
especially after a 77% pullback from its recent run to a $960M ATH
buckle up!
