- Ethereum is down 54% from its ATH - BTC is 38% down from its peak - Spot ETH ETFs are having a record $1.61B in outflows in October - KelpDAO lost $292M in a bridge exploit - the Foundation sold 10,000 ETH to Bitmin - at least 8 senior Foundation departures this year Vitalik Buterin today:

Elon Musk took a $40,000 username from a guy who had owned it for 16 years. He paid him absolutely nothing. Not even a dollar. Instead, he was offered a T-shirt and a tour of Twitter’s headquarters. This is the story of Gene X. Hwang the first @X username 2007 - photographer from San Francisco - co-founder of Orange Photography - registers @x on Twitter - keeps the username for 16 years over the years account grows to ~53,000 followers receives offers of up to $40,000 for the handle But he refuses to sell 2014 - hackers steal his x account - Twitter helps him recover it July 23, 2023 - Elon Musk announces Twitter will become X - Gene is in Canada playing in a pinball tournament He has no idea what’s coming July 25, 2023 - Twitter officially becomes X - the company wants x - Gene receives an email from Twitter support “Your user handle is affiliated with X Corp.” his username is taken and gets a new one @x12345678998765 what X offers him - company merchandise - exclusive tour of X headquarters - meeting with the management team $0. Gene even asks if he can have the old blue Twitter bird sign being removed from headquarters. they say no. October 2025 X launches its Handle Marketplace rare usernames can cost $2,500 to over $1 MILLION users must maintain a paid subscription lose the subscription, potentially lose the handle the same company that took x without paying its owner now charges people for access to rare usernames. 16 years building an identity. $40,000 in offers rejected. and all he got was an offer of merchandise and an office tour. BROTHER.

Crypto died that 10/10. The massive extraction events that preceded that disastrous day were the perfect context. Mass extraction by cabals and influencers through memecoins. Mass extraction by celebrities every single time we have a bit of volume Mass extraction by the President of the United States and his family. But even then, there was still hope. Bitcoin kept proving it was THAT asset. Breaking ATH after ATH until October arrived, where everything changed with the largest liquidation event in history. That was the cherry on top of a cake baked on massive extraction and the ideology that crypto is the biggest casino in the world. As long as we keep selling that image of this industry, retail will not return. Bitcoin and crypto at the beginning represented freedom, a new economy that was not a victim of banks or states. But that idea of a technological future was replaced by the idea of a casino and easy money. And that condemned this industry.

We are not praising Tether and Circle enough at this moment They are literally saving the industry

Is PumpFun killing memecoin runners? The team says “no”by comparing its fees with Raydium, Stonkfun and Pons Okay so here’s the drama The timeline has been calling out PumpFun’s fee changes Since September 2025 only 3 tokens have managed to reach a $100M market cap To prove his point, we take every token that reached $100M at ATH, remove obvious honeypots and put everything on a timeline The graph looks terrible (check picture lol) And the argument is pretty simple PumpFun introduced PumpSwap, changed the fee structure and somehow we went from having massive memecoin runners to barely seeing anything reach $100M Now json responds He says the graph is basically propaganda because it’s blaming an entire bear market on one AMM And points out three things the original graph ignores: - the $TRUMP launch, which helped create the blow-off top on Solana - the October 10 liquidation event and its consequences - the decline in PumpFun trading volumes And finally he actually shares the fee comparison between the old Raydium system and PumpSwap Before PumpSwap, graduated tokens moved to Raydium V4 A trade on a $100M+ token cost 0.25% 0.22% went to liquidity providers 0.03% went to Raydium PumpFun received nothing Now with PumpSwap, the same trade costs 0.30% 0.20% goes to liquidity providers 0.05% goes to PumpFun 0.05% goes to holders or creators So yes, trading fees increased From 0.25% to 0.30% And PumpFun went from receiving 0% to receiving 0.05% on these trades json argues that the main difference is the introduction of holder rewards and creator fees, which were added after PumpSwap launched He also explains that fees are higher on smaller tokens and decrease as market cap grows And ends up bringing the competition Post-bonding protocol fees: PumpFun: 0.05% Stonkfun: 1% Pons: 0.30% So from his POV, PumpFun isn’t even the most extractive launchpad when comparing protocol fees So what do you think?

Maybe the reason why $ANSEM has been dumping that much this month Is just because it failed to deliver to its holders, the initial hype was just the support of Ansem himself But after that, the activations just underperformed The launchpad just made $3 yesterday, there’s no revenue possible To this point, all creator coins are a failure

Actually insane how fast the Kimchi narrative has collapsed for this “elite” JasonTheWeen was asked about Kimchi and completely refused to engage. You can tell just by his reaction. Just weeks earlier, Kimchi was having dinners with him and literally said he had Batman’s aura.

Now that this is a confirmed rug I have some questions If Kimchi was hacked why no one confirmed it at first sight? If he was hacked, why he removed PumpFun from his bio and deleted all the replies? We never got an official confirmation of Kimchi partnering with PumFun, this was a rumor supported by the way they interacted So why there wasn’t an official response to those rumors? It looked like could benefit both parties to not disclose it Alon reposted a post with a CA from a hacked, this could be a mistake ofc, but why not addressing it when people lost money because that? Anyway, what a shit show, you can’t defend this

KOLs before: GCR - started with $1K - shorted LUNA while Do Kwon was still publicly defending it - had $10M - $20M positioned against LUNA - won the trade publicly KOLs now: - started with giveaways - makes money as insider and bundled tokens - people says he made $40M with Trump - wallet was never found - he “just” made $6M the rest was marketing

Insider Wallets I’ll track after the $TRUMP insider investigations: 1️⃣ 6QSc2CxSdkUQSXttkceR9yMuxMf36L75fS8624wJ9tXv Wallet publicly linked to Naseem Funded 4 hours before TRUMP launched Bought $1.09M at launch paid ~$84K for transaction priority The biggest documented TRUMP winner 2️⃣ 2RssnB7hcrnBEx55hXMKT1E7gN27g9ecQFbbCc5Zjajq Split 1 from the 6QSc2 wallet Received tokens through FF.sol Part of a 9-wallet distribution identified by Bubblemaps Potentially part of the same trading operation 3️⃣ 8zgKeSDpjHmDtD666y6fSZMWekvA6rQTMGynTcUaQGdr Split 2 from the Naseem-linked cluster Received $TRUMP through the FF.sol distribution Connected to the original early buyer 4️⃣ EPKrfFVt2CoaUnCo8eMauH3PEsK3rwyPQefxGd1zEi8m Split 3 from the same cluster Connected to the original $1.09M entry Received part of the distributed $TRUMP position Worth monitoring for subsequent transfers and exits 5️⃣ 2311zgVvwvWkGnG8ZjiKCzE9ASSpf4peoUxEsXuVEJ9A Split 5 from the 6QSc2 distribution Potential connections to traders in private sniping groups 6️⃣ H2ikJvq8or5MyjvFowD7CDY6fG3Sc2yi4mxTnfovXy3K Split 9 from the original $TRUMP whale Received tokens through the same distribution structure 7️⃣ ECCKBDWX3MkEcf3bULbLBb9FvrEQLsmPMFTKFpvjzqgP Wallet linked to Kimchi Identified through $KIMCHI and giveaway-wallet tracing Estimated TRUMP profit: $6M 8️⃣ meowthLT61GwsPZCfdRcNXwSDPp1p6bNRM7PRnYHw3z Split 4 from the Naseem-linked cluster Part of the same 9-wallet distribution Received funds originating from the earliest major $TRUMP buyer Should I post more insider wallets from major memecoin launches? Follow me and lmk👇