@BrightAvian
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🐧 pengufication / ✳️ gigachad / 4th Hand of Neotokyo / Chubbicorn / EXILE & Goated Guild Member / Parallel TCG Ambassador
Antarctica
Joined May 2009
- Tweets97.6K
- Following14K
- Followers20.1K
- Likes254K
Many new folks becoming #pengus these days. Happy to see you finally come around. Took you quite a while but very happy to have you with us🐧
Thing is: Many of you merely adopted the pengu. I was born in it, molded by it.
Only the true OGs remember that I used to be a penguin on twitter long before @pudgypenguins – the first good looking penguin NFTs and the first penguin NTF project to mint out –, or @PenguinFightNFT – the first penguin NFT projects with a twitter – or party penguins (commonly referred to as Walmart penguins) – the first penguin NFT project to START their mint – existed.
To date my location is still set to "Antarctica" since those early days (X marks the spot - IYKYK) and I used various anime penguin girls as PFPs, most prominently the one shown below (fun fact the artist of this very piece actually released it as a NFT on some tiny Asian art site and I managed to track it down and buy it).
As such @pudgypenguins were never merely a trade or a flip for me. I've been calling for "pengu" NFTs before they existed – because I got fascinated by NFTs since 2018, really believed that CUTE penguins – due to being widely adored by most people (except a certain evil korean bot – IYKYK) – are the best interpretation of the animal PFP meta, and simply wanted them because I PERSONALLY love them. In doing so, I have also coined the terms "pengu" and "pengufication" in NFT land.
Buying those cute lil pengus as soon as they began to slide onto the ETH blockchain in late July 2021 and holding a very large fraction of them to what are valuations of 400x and higher of my cost basis was not sheer luck, nor was it a ultra smart and calculated financially driven move. I simply LOVE penguins.
Without a true passion and interests for both components of what they are – cute penguins and a implementation of a technological construct I have been interested in since early 2018 – I don't think I would have held onto them with such dedication and conviction.
If you merely are here to chase financial gains, I do believe you will do quite well, but I doubt you will ever hit insane homerun trades without either passion, genuine interest, attachment to a community, or something alike.
Analogous to my penguin NFT buys in 2021, my BTC purchases in 2014 would have never happened without me being deeply involved in internet culture and tech and my genuine interest in what blockchains offered to facilitate. And I certainly would not have held those BTC all the way into the second peak of the 2021 cycle.
I am not a bad daytrader but I am certainly not insanely gifted at it either. But while many of you call being "in it for the tech", "in it for the community" or "in it for the art" a meme, these aspects are exactly where most of my biggest gains in crypto land stem from. It's also what made me stay in this space for what's about to be a decade and enjoy my entire journey through many bears and bulls w/o many real breaks.
Shoutout to all the frens I made along the way, all the degens hanging with me in GCs at ungodly hours, and all the lovely artists that produced stunning art pieces for me – i really cherish and appreciate you all.
Wishing you all a joyful holiday season and early bull market! ❤️💕 Best of luck!
Greetings,
Bright Avian
P.S.: You knew the term "avian" is used to refer to birds or bird-like animals? Exactly what penguins are. It has always been hidden in plain sight! 🐧
Bright Avian | True Pengu King & Hand of Neo Tokyo retweeted
robinhood next leg up will be diabolical
Bright Avian | True Pengu King & Hand of Neo Tokyo retweeted
trenches vibes were much better when Robinhood chain was leading ngl
Bright Avian | True Pengu King & Hand of Neo Tokyo retweeted
State of the Market, week 44 (oct 26 open)
BTC → leans adding risk, low conviction (5 wks, CPS 0.15 vs 0.57)
Alts → trending, breadth 80% → 75%
Trenches → frothy & draining (grift 1.66 → 1.41)
watch: FOMC wed + PCE thu. hawkish fed or hot PCE could flip $BTC to de-risk
ALT www.stateofblocks.com
Bright Avian | True Pengu King & Hand of Neo Tokyo retweeted
Unpopular opinion, but I think 90% of crypto traders would make significantly more money if they stopped trading memecoins.
Most people aren't actually trading, they're gambling on whatever ticker is trending, following wallets they don't understand and convincing themselves they're early because someone with 50k followers posted a comment.
There's absolutely money to be made in the trenches, but the uncomfortable truth is that most people would be better off doing absolutely nothing.
Agree or disagree?
Bright Avian | True Pengu King & Hand of Neo Tokyo retweeted
ZUG Morning Orcs!
Time to reveal each raid locations art and info:
Raid 1 of 5: Giant Crab Beach.
Level 3 and up. 4 hours. 4 ZUG per slot.
Tier 4, 5 or 6 gear.
The nearest road out of the Cradle. Nobody has asked yet where the shells came from. 🦀
Bright Avian | True Pengu King & Hand of Neo Tokyo retweeted
pumpfun is paying $330k per day to buy users and attention.
here’s exactly how they’re funding their callout rewards program through a Kraken hotwallet
between september 26th and october 15th pumpfun vault distributed exactly $330k per day in callout rewards
the money didn’t come from app fees, because there weren’t any yet.
the rewards vault wallet: 4iWr1Pc2cjnPxTUwbfSUZRGX9ffMAZwqpWyorfca2faN
the kraken hot wallet: 6LY1JzAFVZsP2a2xKrtU6znQMQ5h4i7tocWdgrkZzkzF
pumpfun’s app fee collector wallet: KfHbT5Jrr5SV3CDkQVCLiSNWyVv5DmuVaCzbAHrzMFQ
two $3M withdrawals from Kraken to the rewards wallet: 47D2YdMcVFEzScBUBeComXr4PSkntoQ8xoz2zHzKf6et7cBixiE7gjDxQ87N6Mc3aB9PLVi72NDe7t6WYedtssSF
and 2TFrhsUFzVV4n69BgtCkCNrGmA5WPt5T9jBaT1X4y7ssTPkU6VvnLtuuoy9zLYZhxmgDSAB8Gd1HSCrzFduRAPoa
after the 0.45% app fee was introduced on october 16th, the pot has grown to about $465-535K per day, out of which about $330k come from the same Kraken wallet, the fees only covering about 30% of what they pay
they make roughly $2.3M per day in revenue, out of whichi they distribute about 13% to the callout rewards
as long as they can keep up the volume and revenue generation, the flywheel will continue to operate
so they are forced to make the app as additive as possible to keep generating money and keep buying attention
🚨LAWSUIT CLAIMS PUMPFUN INTERNAL CHATS SHOW IT WAS BUILT TO MAXIMIZE ADDICTIVE TRADING!
In an ongoing class-action lawsuit against Pump.fun and related parties, plaintiffs allege that roughly 5,000 internal team messages reveal the platform was deliberately designed to maximize addictive engagement and fee revenue.
According to the complaint, leadership discussed slot-machine style mechanics and acknowledged the product was built around users continuing to trade even when most lose money.
The claims come from whistleblower materials cited in the amended complaint.
Bright Avian | True Pengu King & Hand of Neo Tokyo retweeted
I think @inkonchain is trying to tell everyone something
Bright Avian | True Pengu King & Hand of Neo Tokyo retweeted
There are 3 types of memecoin groups that I genuinely think are ruining this space and the worst part is that most of them know EXACTLY what they're doing.
1. "FNF"
These guys spend 12 hours a day scanning tickers that have just launched and posting Rick Bot screenshots pretending they caught every runner before the rest of the market.
No entries, no exits, no actual trading thesis and absolutely no evidence they're consistently profitable. Just an endless stream of early calls via screenshots designed to make you think they're elite traders.
2. The Serial Launchers
These are arguably some of the worst people in the trenches.
They launch a token around $5k market cap, accumulate a ridiculous percentage of the supply and then spend the next few hours trying to get bigger wallets and KOLs in their community to buy in.
Once enough attention and liquidity arrive, they dump their supply into everyone else and move straight onto the next launch. Some of these groups are doing this five times a day... every single day and somehow people still think they're finding organic gems.
3. The Narrative Vamps
These are the groups that missed the original runner and decided they'd rather create their own version than accept they missed the trade or support the winner.
A memecoin starts running, so they launch some lower tier copycat, accumulate the supply, create a fresh X account and start aggressively pushing it across CT and social trading platforms.
The objective is simple. Convince enough people that this is the next big narrative (better than the original), attract larger wallets and influencers and eventually sell into that attention.
And here's what makes all of this even worse, sometimes these aren't even three separate groups. It's the same circle of people launching tokens, manufacturing narratives, promoting each other's bags and using their audiences as exit liquidity.
Meanwhile, the average trader is sitting there wondering why they keep getting dumped on despite being told they were early.
I've been trading crypto for years and I genuinely think one of the most valuable skills you can develop in the trenches isn't finding the next 100x. It's learning to recognise when YOU are the exit liquidity.
Not everyone posting winning tickers is a profitable trader, not every trending token is an organic movement and certainly not everyone building a following has your best interests at heart.
The sooner people understand that, the better. How many of these groups do you reckon are operating on CT right now... my estimation would be hundreds
Bright Avian | True Pengu King & Hand of Neo Tokyo retweeted
It is honestly just a matter of time before zkSNARKs reprice massively. The groundwork of building culture and community on $ZEC is well underway.
The collectors are some of the smartest minds on CT.
What do you think happens when ZCash legs up again?
Bright Avian | True Pengu King & Hand of Neo Tokyo retweeted
Uhm no?
Before Pump fun you needed to have a guy code you the meme, put your own money in the liquidity and grind your way above.
Memes were far more sustainable than they are now.
Also $PEPE had a generational run and we hadn’t had one from pump like that
Bright Avian | True Pengu King & Hand of Neo Tokyo retweeted
Pumpfun GATE
Team chat exposed from court documents.
storage.courtlistener.com/re…
I think this is just the beginning 👇
Bright Avian | True Pengu King & Hand of Neo Tokyo retweeted
The stars are aligning today, with the earnings call tomorrow. Two top Robinhood events I am watching this week.
TVL is sitting at $1.13B (Defillama), basically flat on the week. DEX volume hit $554M in the last 24 hours, up 8.5% on the day, with $5.35B over 7 days.
A dead chain does not print half a billion in volume on a Sunday. One opportunity that could grow significantly next: tokenised stocks as collateral.
Of the roughly $485M borrowed on @Morpho on the chain, only about $1.7M is against stock tokens, according to a breakdown using Morpho’s API. The rest is stablecoin loops.
Projects on Rh chain pushing this narrative over the next 6 to 12 months could explode as demand will increase.
Bright Avian | True Pengu King & Hand of Neo Tokyo retweeted
The @playboicarti's X account got hacked, and the hacker walked away with ~2,000 SOL
> 70 wallets get loaded with 215 SOL
> Few minutes later, $CARTI launches on PumpFun and the dev buys 2% for 0.57 SOL
> Peaks at ~$1.2M mcap
> The bundle sells for 2,000+ SOL
> The dev dumps his 2% for 26 SOL
> All 70 wallets send 2,221 SOL to one address
> Now ~$20K mcap, -98%
> ~312 SOL in creator fees still waiting to be claimed
> ~1,700 SOL sitting in two wallets
35rtEKa9EgCqo7EZdccHoWgQnx1cvZ4VwqjTNCnut6ts
E3hyuLVNnoBjwhmPUhgG7WNt6T3rwVZqrW2a7i3TK4bj
> The rest went to a Binance deposit address
Same playbook as every other celeb hack..
When a celebrity suddenly drops a CA = stay away.
Bright Avian | True Pengu King & Hand of Neo Tokyo retweeted
My biggest hold and conviction is Zcash. I been holding it since below $100 without ever selling.
I hold ZkSnarks because I love the art and honesty its a Zcash multiplier. Just like with anything else if you lose money its because you dont have patience. The team is phenomenal and constantly mixing it up, keeping it fresh. Its the hottest thing on Zcash outside of $ZEC Itself. I hear in all kinda of chats from people outside the Zcash eco, individuals from ETH, Solana, BNB, NEAR, BTC, that they really want a snark and is thinking about getting on ZEC for one. Even though many in the @Zcash
Ecosystem is unaware exactly how much of an impact its had on growth and expansion of the community. I hope @zooko
and @jswihart along with many others realize this and hear us who were here with Zcash before the hype and listen when some of us say that any ecosystem that leaves the art behind has failed to leave its full cultural impact. Without the art what we are is something without life. Humanity has always left its most enduring memories etched unto the pillars of creativity.
What I learned in this space since starting in 2019 is no matter how good something is, how cracked the tech is or how good the devs are, there is always toxic individuals who will find some fault with it.
At that point one has to follow their own thesis and their own convictions. Because if you play with someone else's convictions...
You will lose more often than you win.
$ZEC #Zcash
#ZKsnarkS
Bright Avian | True Pengu King & Hand of Neo Tokyo retweeted
> be Alon
> ignore the 95% of traders who want community coins to be supported
> pay $6m to a notorious on-chain rugger for "onboarding retail" instead
> claim he is most famous trader (<1M followers on all platforms combined)
> spend $1m+ to crime a coin to $50m, letting insiders feast, nuking community coins
> get completely fleeced by notorious on-chain rugger, who unsurprisingly deploys a scam coin (community coins nuke again)
> retweet scam coin, rugging everyone
> pull bundle from crime coin (-90%), rugging everyone again
> launch $2.5M trading competition that only benefits extractors and KOLs on pumpfun payroll to keep them quiet
> pretend you didn't just get fleeced for 8 figures in 24 hours
> continue ignoring the 95% of traders who want community coins to be supported
You have less than 48 hours to sign up for the $2,500,000 Pumpfun Squads trading competition.
Reminder of rules and eligibility:
- First place wins $1.5M, second place wins $750K, and third place wins $250K
- You have until Monday 2pm UTC to sign up; if your squad hasn't signed up by then, you'll be sidelined
- All squad members must be in the squad before Monday 2pm UTC
- Perps PNL does not count toward this competition
- Pumpfun app, Pumpfun web, and Terminal are the only platforms where PNL counts toward the competition - reach out to a Pumpfun/Terminal affiliate if you need any help setting up!
- We will closely monitor the leaderboard for any attempts to game the competition and will punish offenders
This is a HUGE competition, do not miss out.
Bright Avian | True Pengu King & Hand of Neo Tokyo retweeted
I think the people deserve to know ansem's relationship with pump fun
🚨LAWSUIT CLAIMS PUMPFUN INTERNAL CHATS SHOW IT WAS BUILT TO MAXIMIZE ADDICTIVE TRADING!
In an ongoing class-action lawsuit against Pump.fun and related parties, plaintiffs allege that roughly 5,000 internal team messages reveal the platform was deliberately designed to maximize addictive engagement and fee revenue.
According to the complaint, leadership discussed slot-machine style mechanics and acknowledged the product was built around users continuing to trade even when most lose money.
The claims come from whistleblower materials cited in the amended complaint.
Bright Avian | True Pengu King & Hand of Neo Tokyo retweeted
Starting a weekly State of The Market, using @stateofblocks data
as of this Oct 18 weekly close:
BTC → leans adding risk, low conviction (4 wks)
Alts → trending, 80% above their weekly 9/21
Trenches → still extraction season, but draining
stateofblocks.com
