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// reports · markets · onchain analysis & insights

Joined January 2018
I found $291 across some of my old wallets. After a few years in crypto, most people end up with dozens of wallets. Some have forgotten staking rewards, old LP positions, unfinished bridge withdrawals, or funds stuck in protocols that are already dead. I decided to check a few of mine and found: $291, 11 positions, 7 categories Most of it came from old DeFi positions, closed apps, inactive chains, and unfinished withdrawals. One important thing though. Found does not mean withdrawable. Some of these balances may be impossible to recover. I still have around $200 stuck in one Linea pool. I used a tool called HiddenFunds for the initial scan. It checks 200+ chains using only a public wallet address. No wallet connection required. Tool: hiddenfunds.xyz I’d still verify every result manually through the project’s official resources before interacting with anything. If you check your old wallets, drop your results in the replies.
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What if Polymarket goes public instead of launching a token? While degens keep farming Polymarket for a potential airdrop, Bloomberg has raised an interesting question: Does the platform even need its own token? Polymarket CEO Shayne Coplan recently fueled speculation ahead of TOKEN2049. Everyone expected some alpha on the long-awaited token. Instead, they got a discussion about the future of on-chain assets. Meanwhile, Polymarket is reportedly exploring a new funding round at a $21B valuation and expanding further into institutional markets. And there's a broader trend worth watching. Projects like Across Protocol and Centrifuge are exploring ways for token holders to exchange their tokens for equity. For institutional investors, owning shares in an actual business can be far more attractive than dealing with complicated tokenomics and questionable token utility. Polymarket could eventually follow a similar path, prioritizing equity financing and potentially an IPO over launching a token. But what happens to everyone who spent years farming Polymarket expecting a massive airdrop? Spoiler: They might get absolutely fuck all. Of course, this is still speculation. Polymarket has neither officially announced a token nor confirmed any IPO plans. P.S. Imagine farming Polymarket for years, only to find out that your best shot at an allocation is buying shares through an IPO on Kraken or A2DAO. Years of farming just to become an exit liquidity provider on the stock market.
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Getting rekt or surviving crypto winter isn't the scariest part. It’s that moment in the dark when you realize you traded your best years for a Web3 mirage, and now you're just completely empty inside. I'm tired. I'm REKT.
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Who’s the best CEO in crypto right now?
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GM Fam ☕️ Blessed Sunday funday :)
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Jumper — sale breakdown. Is it worth participating? @jumperapp announced its upcoming sale on @legiondotcc. Here’s a quick look at the terms, tokenomics, and how the valuation compares with competitors. // Sale terms > Price: $0.075 > FDV: $75M > Hard cap: $3M >Target raise: $2M > Unlocks: 50% at TGE + 50% linearly over the next 4 months > Start: September 29, 13:00 UTC > End: October 2, 13:00 UTC > Total Supply: 1B tokens > TGE: Q4 2026, exact date is still unknown. // Tokenomics > 4%: public sale > 14.7%: team, 0% at TGE > 21.9%: Treasury > 26.07%: investors, 0% at TGE > 33.33%: community // What to do before the sale If you already have a Legion account, check your Score and reconnect your accounts if needed. For the highest possible Score, it makes sense to connect: > your main active EVM wallet > an active X account with some history > GitHub, ideally with actual activity as well You can also apply to the Waitlist. No guarantee it will directly affect your allocation, but there’s no downside to doing it. Also make sure you connect the same X account you use on Legion. I connected different accounts before and now I’m trying to fix my Score, so it’s better to check this in advance. // Now to Jumper itself Jumper is one of the largest aggregators in the EVM ecosystem. Monthly volume is above $1B, but revenue is still relatively modest: the project expects to generate around $200–300K per month if current volumes are maintained. Another open question is the airdrop. It’s still unclear whether there will be one at all, and how the community would react if there isn’t. // Current competitor valuations are roughly: > CoW: $150M FDV > 1inch: $150M FDV > Wormhole: $130M FDV > deBridge: $220M FDV deBridge, however, generates significantly more fees, with part of that revenue going toward buybacks. You could also bring LayerZero into the comparison at around $1.5B FDV, but I don’t think it’s a direct comp. // Bottom line At $75M FDV, Jumper’s valuation looks reasonable compared with direct competitors. The important part is the unlock structure: only 50% of the sale allocation unlocks at TGE. So to recover your initial investment from the unlocked portion alone, the token would need to do roughly 2x, taking FDV to around $150M. The remaining 50% unlocks gradually over the following four months. $150M FDV looks achievable, especially compared with CoW and 1inch, but a lot will depend on market conditions by the time TGE happens. The main downside right now is the lack of an exact TGE date. A lot can still change before launch. Personally, I’m considering participating, but not with a large allocation. This looks more like a reasonable risk/reward setup than an obvious sale where I’d want to size aggressively.
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⚠️ Check your crypto wallet approvals A vulnerability reported on September 24 affected Limit Break’s Payment Processor, a contract Magic Eden stopped using in October 2024. Users’ old approvals were still active, allowing attackers to steal NFTs and WETH. Reported losses topped $2.8 million across Ethereum, Polygon, Base, Arbitrum, and ApeChain. Separately, white-hat responders moved 3,832 NFTs valued at roughly $1.4 million to a safe address. Those assets are expected to be returned to their owners. ✅ How to check your wallet 1. Visit revoke.cash 2. Enter your EVM wallet address. 3. Connect your wallet and revoke any approvals flagged for this exploit. 4. Check again for the “You Are Protected” status for this specific exploit. Repeat for every network you’ve used. Each revocation requires a transaction and a network fee. Disconnecting your wallet from a site doesn’t revoke its permissions. Review old approvals regularly and remove access for services you no longer use.
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🚨 LOOKS LIKE BITGET WAS HACKED This address is holding the tokens and spreading them further. Main bag is $ETH, about $60M. Users are reporting blocked withdrawals on Bitget Wallet: 0x770b10b273fC44Fe9197D6bF20F145c2e98463Ee
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💊 MEMORY PILL #2: TABI CHAIN Let’s continue revisiting some good old crypto companies. Today’s case is a project that has spent three years sucking tens of millions of dollars out of its community without ever launching a token. There still isn’t even a confirmed TGE date. 👤 Our second patient is @TabiVibe. Tabi has been building its gaming blockchain for roughly three years. During that time, several funds gave the patient a few financial blood transfusions. @yzilabs, @HashKey_Capital, @animocabrands, @NGC_Ventures and others invested a combined $11 million. But once additional retail rounds are included, the total amount raised exceeds $27 million, with 133.33 million TABI tokens sold through them. That means roughly $16 million came not from VCs, but through other fundraising mechanisms, primarily from the community. First came Captain Nodes, featuring five levels and dozens of tiers. The earlier users joined, the sooner they could start mining, while later tiers became progressively more expensive. Node holders were promised up to 40% of the entire TABI supply, plus the right to vote on which games would receive ecosystem support. Can’t afford a full node? Don’t worry. Tabi also created an affordable way for poor people to get fucked. That was Mininode, a cheaper option for anyone who couldn’t afford a Captain Node. During TabiParty in January 2025, these nodes were sold directly for $70 each. Then came a separate mechanism on Arbitrum. Users could exchange in-game Phoenix Feathers for GG credits tied to a future airdrop at a 1:10 rate. Want an exchange rate ten times better? Buy a special coupon with real ETH. In other words, users were asked to pay ETH to exchange one set of testnet points for another set of testnet points linked to a token that still doesn’t fucking exist. 🤡 And the monetization didn’t stop there. Tabi later launched Genesis Deposit. Users lock USDC until some undefined future mainnet launch and receive neither a guaranteed airdrop nor actual tokens, but the right to buy TABI at some point in the future. So you can hand over real stablecoins today to reserve your place in line for the opportunity to hand over even more money later. Meanwhile, TGE has been promised since early 2024. The timeline has been pushed back at least four times: - Q1 2025 - “Another one or two months” - Q4 2025 - Q1 2026 - Still zero fucking information about TGE The planned mainnet launch was also missed once again. Tabi’s official documentation still states that the TABI token does not exist and that every token trading under that name is a scam. Questions about TGE are either ignored, or the people asking them get blocked on social media. At least the scammers managed to launch a TABI token before Tabi Chain did. In the end, waiting for the token became Tabi’s main product. The same promise was repeatedly repackaged into nodes, credits, coupons and deposits, then sold to the same community over and over again. Real money goes in. A real token never comes out. ➡ The next patient is already waiting for an appointment. #Crypto #Airdrops #TGE #Web3
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Coinbase has officially buried Base App as a social network for crypto users (back to @base) Base App is now @coinbasewallet At some point, Coinbase seems to have gone all-in on the SocialFi narrative. After the LayerZero airdrop, Farcaster was posting insane numbers, everyone started jerking off to its stats, and Coinbase decided it had found the next big thing — with a chance to dominate the space by buying up competitors like Farcaster, Zora, and others. Eventually, Coinbase turned a regular wallet into Base App and tried to cram in crypto-native versions of Twitter, Instagram, and Twitch, along with chats, mini-apps, payments, creator tips, and trading. In practice, a large part of the SocialFi audience turned out to be multi-account farmers and completely deranged characters liking bot farms full of thirst traps for another batch of points. The engagement metrics looked great, but a real social product for a mass audience never materialized. In March 2026, Brian Armstrong admitted that Base App’s social features “didn’t quite work.” In July, Jesse Pollak handed leadership of the app to Cobie and also acknowledged that the bet on social and creator features had fallen short. Now the experiment has officially been shut down. Base App is going back to its old name, Coinbase Wallet, while the product shifts its focus toward trading: - Perpetual futures powered by Hyperliquid; - Prediction markets; - Tokenized stocks; - Long-tail onchain assets; - Support for more than ten networks, including Base, Solana, Ethereum, Monad, and Robinhood Chain. And to be fair, @cobie has done a great job with the wallet so far. He turned it into exactly the kind of product the market was missing — a simple self-custodial gateway to trading across multiple chains, without all the forced SocialFi bullshit. “Money turned out to be the best social network…” — @jessepollak
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💻 $LAPTOP: The IQ Test, 24 Hours Later It’s been 24 hours since @HunterBiden $LAPTOP memecoin launched on Base. The token came out swinging: within two minutes, the price briefly reached around $190, before crashing more than 95%. Now we can look at who actually made money - and who became exit liquidity. According to the first @bubblemaps snapshot, 15,206 traders interacted with $LAPTOP. Of those, 12,151 ended up in the red, 3,026 were profitable, and another 29 broke even or held positions that couldn’t be properly priced. The losses looked like this: - 11,311 lost less than $1,000 - 726 lost between $1,000 and $10,000 - 112 lost between $10,000 and $100,000 - 2 lost between $100,000 and $1M Profits were much more concentrated. Only 78 traders made between $10,000 and $100,000, while another 10 wallets made between $100,000 and $1M. Those 88 traders alone made roughly $5.57M. And the latest snapshot looks even worse. The number of tracked wallets has increased to 15,675, while only 1,741. 11.1% are currently profitable. Around 88.5% of traders are now in the red. The gap between winners and losers is brutal. The biggest winners are sitting at roughly +$2.24M, +$1.76M and +$815K in net PnL. On the other side, the biggest loser is down around $876K, followed by wallets at approximately -$341K and -$259K. One of the best trades happened right at launch. A sniper spent just 900 USDC to buy 2,268.56 $LAPTOP at around $0.40 each. Shortly after, the entire position was sold for 251,270 USDC at an average price of roughly $111. That’s approximately $250,370 in net profit from a $900 entry. The first 24 hours of $LAPTOP are a pretty clean demonstration of how these launches work: a handful of early wallets walked away with hundreds of thousands or even millions, while the overwhelming majority bought after the initial spike and ended up underwater. 24 hours later, it looks like only 11.1% of traders passed the IQ test. The other 88.5% got the practical exam.
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finally, apple thought about the crypto bros
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💊 Memory Pill #1: Linera We’re launching a new series about projects that spend years building, raising money, and sending their communities through endless campaigns, only for everyone to realize around TGE that there still isn’t much to show. 👤 Our first patient is @linera_io. Founded in 2021, Linera has spent more than three years building an L1 based on a microchain architecture. During that time, the team closed two $6 million seed rounds, raising $12 million in total. Its backers include @a16zcrypto, @borderless_cap, and roughly 14 other funds. Three years of development, testnets, badges, campaigns, and endless “we’re still building” updates. What can users actually try today? app.linera.xyz, featuring fast PvP prediction markets basically one-minute bets. In September, the project finally reached its pre-TGE Community Round. The terms were fairly accessible: $0.16 per token, additional bonuses for badge holders, and a minimum target of just $1.5 million USDC. ❌ Here’s what the round achieved in eight days: - $848,271 raised - 617 participants from 69 countries - Just 56.6% of the minimum target reached The round was cancelled, and participants are being refunded. Unless the team finds additional funding, the TGE will likely not happen anytime soon. But the failed sale itself isn’t the most interesting part. The real question is: what did three years and $12 million actually produce if the project’s own community couldn’t close a relatively small round during its first real test of demand? For comparison, Monad raised $187 million just a year ago. As long as VCs keep covering the bills, a project can spend years explaining the lack of results through complex technology, lengthy development, endless research, and “finding the right direction.” But sooner or later, even the people who supported you for years stop caring. And when the long-awaited TGE finally arrives, the community rewards you with another giant red candle (hello, @LineaBuild, @campnetworkxyz, @blast, @Backpack, and the rest... in peace). ➡ Next patient: @TabiVibe Chain. Who still remembers that one? P.S. Drop more projects in the comments that are still milking crypto users while feeding them endless promises of a future TGE. #Crypto #Airdrops #TGE #Web3
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Who else lost money on solana:5erj4fz47YLFZc677GNipfaK1G8UrwwPTyy9HPaMtLmk? Drop your PnL screenshots below let's see how much this actually cost people.
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I'm currently working on another major investigation. This one will take a few more days because there's a lot more to dig through than I initially expected. It's about a Vietnamese team that has been launching gamified crypto projects for over four years, repeatedly attracting users with promises of future rewards and token launches. So far, users have poured more than $4 million into these projects, yet not a single token has ever been launched. Instead, once interest fades, the team simply moves on to the next project and repeats the cycle. Right now I'm tracing wallets, transactions, connections between projects, archived materials, and the team's history to build a complete timeline backed by evidence rather than speculation. If everything checks out, this will likely be the biggest investigation I've published so far. #Crypto #Web3 #Blockchain #Scam #CryptoScam #Onchain #Investigations #GameFi
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unfud retweeted
WARNING TO THE COMMUNITY I was ranked #414, paid trading fees, and completed the required activity. Then my account was suddenly disqualified, my XP was reset, and my rank dropped to 2882+ without any transparent evidence. If a platform can erase weeks of progress with a generic response, that's a serious transparency issue. I have completely lost trust in @trylimitless . Be careful before spending money chasing promised rewards. DYOR.
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unfud retweeted
I invested in the @trylimitless Road to Legends event and got scammed. When the campaign ended, my leaderboard rank was #90. But then they inserted their own personal accounts into the leaderboard and reduced our XP to zero. I became the victim of a massive scam. #limitless #Scam #scam
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unfud retweeted
This is the worst prediction market I've ever seen. They burned users' fees, then turned around and called their own users bots. The people who kept the platform active ended up getting punished. Meanwhile, the team keeps taking all the rewards. Stay away from this scam platform, or you might be the next one to get burned. #scamtrylimitless #limitless #scammer
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Road to a LIE — How Limitless Made Millions From Users and Rewrote the Competition Results
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An Open Letter to the Base Ecosystem It is addressed to everyone who helped build trust around this campaign @base, @BuildOnBase, @trylimitless, @jessepollak, @coinbase, the project's investors @paradigm @1kxnetwork @ColliderVC
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