Opening my first set of $XAI shorts today
Planning to kill three birds with one stone
- Hedge my esXAI while they're pending unlocks
- Farm volume on Hyperliquid
- Farm funding fees while I can
Asides technical reasons, the first batch of unlocks start in less than a week
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You can check out @xaiboard by @SinestiaETH and @yyoisha
It's an amazing visualisation tool if you're interested in the fate of your $XAI like I am, you can see the peaks and troughs for upcoming unlocks and plan accordingly
Dune Dashboard: dune.com/sohwak/xai-node-key…
Staking/Redemption Site: app.xai.games/
HyperLiquid XAI Perps: app.hyperliquid.xyz/trade/XA…
Replying to @web3dozie
I'll quote this with relevant links a few minutes after posting.
If you're a node operator and and found this thread helpful, you already know what to do🔺
Hoping the @XAI_GAMES intern sees this
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$XAI ⟳ $esXAI
Important Details
▪ Team unlocks start in July 2024 (In ~130 days)
▪ $esXAI staking contract:
0xfD41041180571C5D371BEA3D9550E55653671198
▪ Pre-Staking Reward per Challenge: 180-220 $esXAI
▪ Post-Staking Reward per Challenge: 50-75 $esXAI
▪ @sohwak_official's amazing $XAI dune dashboard
expect rewards per challenge to reduce slightly as more node owners get the new update
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I can finally go short again.
If prediction markets for CT figures existed I'd be longing @CryptoCapo_ with size right now.
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Slowly, then all at once 🥂
Casual 47x yesterday on $SORA
Beta is still free
Hop in discord, and use a referral code to get beta access.
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Xai is a modular execution layer for game logic built on the Arbitrum Orbit stack to facilitate the onboarding of millions of gamers. And now they’re airdropping $XAI to Sentry Node Key holders to celebrate the Year of the Dragon. 🐉🧧
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From about 0.77 to 0.63 (at current prices)
We probably bleed more too.
And our mystery $JUP whale is up about 180k in unrealized profits.
Onto the next play ✨
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At 0.75$ per token on pre-market platforms $JUP seems way too overvalued.
It's mind boggling how we went from 0.1 - 0.3 price estimates a few weeks ago to 0.75
Talk about speculative premium
According to @weremeow tweets, we should be expecting 15-17.5% of the max supply to be fully liquid at the start.
About 2/3 of this will be instantly claimable as a fully unlocked airdrop.
$JUP is also going to be one of the most widely distributed airdrops in web3 history. Literally everyone got a slice of the pie.
Imagine the smell, 66% of the circulating supply in the hands of aggressive profit takers (we all know what SOL is like)
$XAI dumped almost 90% from it's pre-market prices ($3 to $0.45) , with an eerily similar model. Smallish initial supply, a significant part of which was fully unlocked at launch.
Here's how to take advantage of the impending doom and "short" JUP.
We will be using Whales Market (which is a decentralised OTC platform)
app.whales.market/?r=084959
The logic for shorting is easy.
- You "sell" a bunch of JUP tokens and post collateral for them. The ratio is 1:1 unfortunately, but it suffices for our purposes.
- Wait for the token launch and the inevitable heavy profit taking that'll come from having such a large amount of the supply unlocked.
- Buy back the tokens you "sold" at a lower price on the open market.
- Close out your OTC trade by sending over the tokens you bought
- Pocket the difference
At 0.75$ we'll be starting at a market cap of 1.25 Billion which will put $JUP at the same level as several L1's including $SEI, $SUI, $EGLD, $RUNE and $FTM.
Yes, Solana is King right now, but do you really think traders wouldn't take profits.
The facts are there, short term, the price should take a heavy beating before having a strong recovery.
Pre Market Vs Opening Dump Prices:
$MANTA: $2.5 to $2 (20% profit margin)
$XAI: $3 to $0.45 (85% profit margin)
$PYTH: $0.45 to $0.28 (37% profit margin)
$TIA: $3 to $2 (30% profit margin)
It's an almost sure fire way to make a small bag.
Alternatively you could use platforms like @aevoxyz (If you'd like to use leverage)
First 5 fig win from 2024 with $XAI
There are some sizing misgivings, especially with how kind enough @DanDanicDan was with the early alpha.
Joining @DominusCap has been by far my best web3 decision from last year.
Deum ludamus
Bullish on @usebullish ✨
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You're probably like me and not a fan of this market (mostly because you don't have enough exposure).
It feels like Jan 2023 all over again with may too many people in disbelief and sidelined. The charts and volume speak for themselves though.
Bulls are back
🧵1/X
This has to be the wildest tweet from a funded trading firm. And there's been a lot of pretty wild ones
This quoted post is unavailable.
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