your quant’s favorite quant. 🛸
Joined June 2021
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andy. retweeted
lots of split discourse on solana:WXMRyRZhsa19ety5erZhHg4N3xj3EVN92u94422teJp
solana traders loving exposure to it while monero maxis hate anything non native.
i get the hate. i do. why trust the scam chain?
the point of wxmr on solana is to bring exposure to monero. monero has a handful of dexs you can trade it on, and its not easy to buy unless you are relatively experienced in crypto.
now with wxmr any trencher can buy it, pair coins with it, and then easily bridge out to native.
we are doing 10-30m in vol a day on the solana side. that’s more than most CEXS.
this is the time to get more eyes on monero, and wxmr has already exposed 29k holders to monero.
Monero needs more attention, not less.
wxmr.io
andy. retweeted
$PAID’s sub-coins need a flagship. So far, $CAKE looks like the strongest one I’ve found.
First, look at how fast the $PAID ecosystem is growing.
On 9/26, 11,409 new coins launched through @UsePaid . The day before, it was only 701.
UsePaid also made $1.737M in fees that day, compared to $117K the day before.
With so many coins launching, I think the ecosystem needs one coin that people can easily recognize and rally around.
That’s where CAKE comes in.
100% of CAKE’s creator fees are locked to UsePaid permanently. 80% goes to the recipient through X Money, while 20% is used to buy and burn PAID.
The recipient is Vik Sharma @vikrantnyc , founder of Cake Wallet. He has 33K followers and has invested in several Bitcoin companies.
More importantly, he has publicly said that everything he receives will go to the Monero dev fund. He has supported Monero for years and is also doing an X Space to talk about it.
The simple part is this:
Fees only keep coming if the coin keeps trading.
So having a recipient who actually understands crypto and wants the coin to keep growing matters.
Some of the bigger sub-coin recipients took the money and disappeared. Out of the ones who are actually willing to stick around and build, CAKE is the strongest one I’ve seen so far.
Then there’s the holder distribution.
CAKE already went through a massive shakeout today, dropping around 93% from the high to the low.
It then bounced almost 4x from the bottom in just two hours.
There are now 5,299 holders.
Outside the pool, the top 9 wallets hold only around 5% combined, while the dev holds just 0.05%.
The supply is spread out and the coin has already gone through a serious flush.
So who should lead the PAID sub-coins?
A celebrity who takes the money and walks away?
Or a crypto insider who is giving the money to developers and actually showing up to talk and build?
For me, $CAKE makes the most sense
DAemPFNc3RtibBDKkUA4eL2Ns11q9VRdbpptmqm8DGqN
andy. retweeted
Here is the breakdown of the donations in Monero from the first claim from the Cake coin:
explorer.monero.com/transact…
andy. retweeted
a quote from gaming that strongly applies to crypto (and memecoin) bull-cycles: “the longer the game goes on, the harder it becomes to find an unopened chest”
at the start of the “game” (cycle), “players” (traders) race to find the highest-value “chests” (winners; coins) as soon as possible, before they are looted by others — but once most “players” (traders) have found their loot, now equipped for the rest of the “game,” the number of high-value chests that remain unopened diminishes exponentially
high-value chests, “winners,” are finite, and they do not respawn … this is why it is important to 1) hold on to those winners if you caught them early, and 2) be willing to take entries that present themselves in these winners if you caught them late (listen to the market’s signal);
again, the “winners” do not respawn … the best you will get is a “cope, beta play” that will reach a fraction of the “winner’s” valuation, which you will likely round-trip because you mistook it for an “unopened chest” in a fit of greed (but it was only an echo of an already-opened chest)
the cycle’s biggest, most sustainable long-term winners always announce themselves at the start of a bull-cycle, and this is why
the longer the cycle goes on, the harder it becomes to hit a winner; continue to search for unopened chests, sure — but do not ignore the winners that the market has already announced simply because you didn’t get in “early” (it is still early)
remember — these memecoins can (and will) go to billions of dollars, and all of such memecoins that have done so with any level of sustain came at the start of a bull-cycle
this cycle’s “winners” have only reached a very small fraction of what they will go on to achieve
andy. retweeted
a coin with no ticker and no name
paired with $XMR on solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx lauchpad
The purest lore related to privacy
The site is also absolutely steeped in lore - it's literally empty
LITERALLY THE BEST COMBINATION OF LORE, PRIVACY, AND BLOCKCHAIN
ticker is $
CA: DFwtrY9pNRHoYF4RKt8ueQ4WBa96Stw8VuaGNnZLSTNK
andy. retweeted
Another ~$55K of tokenized $NVDA added to the AI/NVDA pool.
That brings the total added to ~$190K deepening the sell wall and strengthening market stability.
LONG.
LONG is doubling down on building the deepest, most sustainable tokenized stock markets on @RobinhoodCrypto.
We’ve just added ~$135K of NVDA to the AI/NVDA market, bringing the total NVDA in the market to $3.5M.
Representing nearly 100% of recent app fees accrued from NVDA-related markets.
How does it work?
1. NVDA liquidity represents the sell side. More liquidity concentrated near the spot price makes it harder to push the price downward. A sell wall.
2. The more NVDA we accumulate near spot, the less price impact each in-range sale creates. We’ve increased the available liquidity 10–20% below the current price by 50%.
3. Once we validate the optimal strategy, we plan to automate it. The Uniswap v4 LP NFT will be transferred to an immutable contract, locking the liquidity forever. Fees generated by AI/NVDA can then flow back into the pool or to the @ArtificiallyInu community vault.
LONG.
andy. retweeted
“It's a privilege to be in the trenches with all of you.”
Everyone should be able to access high-quality financial assets, wherever they live.
That's what tokenization unlocks: taking the best of US capital markets and making them available on a global scale.
The industry is still small compared with global finance, but the advantages are becoming harder to ignore. Traditional market infrastructure was built around fixed hours, closed networks and layers of intermediaries. It was never designed for 24/7 execution, programmable assets, composability or self-custody.
The needs of investors have moved faster than the rails underneath them. We're working to change that.
What gives me confidence is seeing how many different people are now pushing this industry forward. Founders are building new products, LPs are bringing liquidity, traders are finding new uses, and infrastructure teams are making the whole thing work.
It's a privilege to be in the trenches with all of you.
We are still early, and there is a huge amount left to build. It will also take time and effort for the old guard to get onboard. This is worth fighting for.
andy. retweeted
Ryan Coogler’s wife paid $300 for his first screenwriting software when he couldn’t afford it.
He now holds the record for the highest-grossing film by a Black director with Black Panther ($1.3 billion) and has a net worth of $25 million.🤯
📸: Barry Brecheisen/Getty Images
andy. retweeted
Wait $sami1 and @MatrixOneAI is backed by @animocabrands - thats the parent company of greyscale? Also part of the google startups program?
And sami is like 800k marketcap? Is the market wrong or whats going on here.
