tried to warn the elysium trenches but hopefully we can learn from this
-50% on both $eaccat and $chameleon since the tweet and 0 soon, your last chance to sell before the rest of the bundle sells
🚨 @MontraXYZ has STOLEN $415,000 from the Elysium chain before mainnet is even out 🚨
1/
69 wallets held over half of $CHAMELEON and $EACCAT at peak, the two biggest Montra launches.
on each coin, one wallet paid the dev and early buyers, minutes apart
2/
the same play on both coins:
one wallet funds the dev and early buyers
Dev launches
The 69 wallets buy in at an average $26K and $92K MC
They sell $415K into everyone else
3/
The exact same 10 wallets bought both coins, each time in a single second. $4K in. $134K sold.
$2M still on paper, about $190K if they sell. Buyers are the liquidity.
4/ (conclusion)
why would you trade on a launchpad that intentionally extracts its own users and the ecosystem as a whole? there are plenty of good bids on elysium that you can take advantage of before mainnet is out on the 9th
almost any buy in the ecosystem that isn't on a montra coin will be an easy 2x
even if you want to try to make some money off their bundle and crime, you don't want to be there when they inevitably slow rug it to 0
thx for reading
🚨 @MontraXYZ artificially launched and pumped $chameleon and $eaccat to EXTRACT $400,000 in TWO DAYS 🚨
1/ in THEIR DISCORD, they mentioned a “new runner”
no more than 14 hours later, the same wallets who bundled 50% of $chameleon ALSO bundled 50%+ of $eaccat
if you are buying any MONTRA slop, you are getting farmed for over $400,000 by the team (see previous tweets)
return to launchpads that support $KNTQ and the ecosystem
Calling out @spinor_ for aura farming the reputation he built solely on $CASHCAT to promote his (allegedly yet unconfirmed, a cofounder) new launchpad on another chain.
...
Why isn't anyone else asking why Spinor created an alt account just for $CASHCAT 4 months ago (first tweet from the account quoted) and now is basically a fulltime @MontraXYZ (launchpad on @Enter_Elysium) shill?
People know this alt ONLY because it emerged as the de facto @cashcat_token CTO lead. @spinor_ is an alt for someone who hasn't publicly revealed their main and until now has been, as their bio says, the "Feline Guardian [for] Cashcat."
Unforunately the purity of Spinor has now been completely spoiled, which I for one feel (and I'm sure other Cashcat bulls feel the same way) is a massive disappointment.
Sources indicate (not confirmed yet by him directly afaik) that not only has @spinor_ strangely pivoted to shilling a launchpad on another chain, but is the cofounder of that launchpad.
Of course, this launchpad is expected to release its own platform token, which one can only imagine Spinor will likely have an interest in promoting for his own benefit.
It would have been incredibly easy to simply create a new alt other than Spinor to serve the purpose of being the Montra cofounder (allegedly) account.
Unfortunately, this was not an accident. It's a calculated re-use of the Cashcat account everyone came to know and recognize to farm aura generated through Cashcat towards a completely unrelated project.
If it's true he's the cofounder of Montra, this Spinor account vampposting will only intensify. In which case, any Cashcat bulls should probably call a spade a spade, unfollow him, and no longer consider the account as a legitimate feline guardian for Cashcat.
It doesn't take too trained of an eye to see the similarities between @letscashfun (the Cashcat launchpad) and @MontraXYZ. One easy tell is somehow they both managed to use the same font 😭
It doesn't matter for Cashcat because at this point there's no longer that uncertainty as there was when Noxa shut down and Spinor's account emerged to take on a leadership role. Cashcat achieved escape velocity a long time ago.
The reason this tweet is necessary is because he's not actually direct about any of this. As a Cashcat bull having his notifs on it increasingly has become more annoying and sketch. Hadn't seen anyone else point out what's happening yet.
...
Besides, the correct culture fit for a launchpad on @Enter_Elysium is one that focuses on lifting up $HYPE and $KNTQ, instead of letting devs extract value from the ecosystem with yet another uncesseary launchpad platform token.
top launchpads on @Enter_Elysium by % of tokens past $5K mcap
↳ @AscendLaunch - 33.3%
↳ @TheKleos_ - 8.5%
↳ @Boxa_Elysium - 4.0%
↳ @obolworld - 3.8%
↳ @MontraXYZ - 3.3%
Montra leads with 42% of launches, yet only 1 in 30 passed $5K
Ascend has the fewest launches at 1,098, but 1 in 3 passed $5K
4% of all launches, 32% of all tokens past $10K
top launchpads on @Enter_Elysium by token launches 2-day until mainnet
↳ @MontraXYZ - 11,501
↳ @Boxa_Elysium - 9,914
↳ @obolworld - 1,809
↳ @TheKleos_ - 1,607
↳ @mesa - 1,356
↳ @AscendLaunch - 1,097
Montra leads Elysium with 11,501 token launches
Montra + BOXA = 71% of all 30,172 launches so far
only 3 token surpassed $1M mcap atm
- $CHAMELEON $EACCCAT on Montra
- $e/acc on Ascend
every launchpad has the same ticker as different token
each launchpad requires its own RPC, hard for newcomers to trade on Elysium seamlessly
so i expect a huge reprice coming close to mainnet
🚨 @MontraXYZ has STOLEN $415,000 from the Elysium chain before mainnet is even out 🚨
1/
69 wallets held over half of $CHAMELEON and $EACCAT at peak, the two biggest Montra launches.
on each coin, one wallet paid the dev and early buyers, minutes apart
2/
the same play on both coins:
one wallet funds the dev and early buyers
Dev launches
The 69 wallets buy in at an average $26K and $92K MC
They sell $415K into everyone else
3/
The exact same 10 wallets bought both coins, each time in a single second. $4K in. $134K sold.
$2M still on paper, about $190K if they sell. Buyers are the liquidity.
4/ (conclusion)
why would you trade on a launchpad that intentionally extracts its own users and the ecosystem as a whole? there are plenty of good bids on elysium that you can take advantage of before mainnet is out on the 9th
almost any buy in the ecosystem that isn't on a montra coin will be an easy 2x
even if you want to try to make some money off their bundle and crime, you don't want to be there when they inevitably slow rug it to 0
thx for reading
spdy retweeted
Jesse Livermore's net worth throughout his life
He was one of the most legendary traders in history because he repeatedly boomed and busted, being one of the single richest people in the world at his height
He shot himself in the head at 63 years old
spdy retweeted
I’m sorry but your $AI bag got generationally fried by @realDonaldTrump
Stage 1: Denial
I don't see this as a particularly unusual situation.
we went through something very similar with ai16z in 2024. due to fud, ai16z crashed from $400M to $170M, and at the time I pointed out the mispricing gap.
back then, ai16z's github stars were growing rapidly, while the price was falling. to me, that meant the mispricing gap was significant, and I believed that gap would eventually close.
so I bought the dip, and ai16z went on to surge to $2B.
looking back, it's kind of funny. who would have thought that github stars could represent fundamentals? but given the onchain mania at the time, along with the advantage of being the first major theme, it was enough to make people believe that github stars were a proxy for fundamentals.
I see $AI, artificial inu, as being in a similar situation. the difference is that we no longer have to count github stars. instead, the narrative is being driven by the tokenized stock theme, backed by Robinhood.
I think this dip, caused by several short term hyped pnds on solana, will be quickly absorbed.
the moat is incomparably stronger than it was in 2024. we are trading the native token of the flagship theme of this cycle.
what's the concern?
