Do you guys remember Jan 28, 2021?
DOGE sucked the liquidity out of everything and ran from under 1B to over 10B in under 24hrs
This marked the beginning of what was an absolute batshit insane 6 months
Yeah, run it back
Westie (rev/acc) ๐ช
12.2K posts
Westie (rev/acc) ๐ช
@WestieCapital
building cool sh*t @blockworksres | prev. ambassador council @synthetix_io | fat app believer, active address disrespecter, future rev maxxing
Joined February 2021
- "Fat Protocol Thesis" is dead "Fat App Thesis" is here to stay A ๐งต on the biggest paradigm shift in how we will value crypto tokens going forward (x/16)
- FTX is reported to have an $8B hole in their balance sheet based on liquid assets, an absolutely insane number. I have a theory as to how it got that big: FTX's liquidation engine broke down, leaving them and Alameda with huge losses I'll explain below ๐งต (x/14)
- The stablecoin panel today is extremely bullish for $LUNA. Large part of the discussion is not allowing centralized stablecoins to be used in DeFi, in payments only. If regulation happens in this way who do you think is going to take over that liquidity ๐
- ATHs make a good time for a life update... I will be joining @blockworks as a Research Analyst with a focus on Terra and its ecosystem!
- What people don't know about Coinbase's L2 Base is that it has accrued over $700k profit in just three days. This is ~$85M on an annual basis. Imagine once the Wall Street analysts find this out.
- The Shanghai upgrade for Ethereum is currently targeted for this March. This will enable staking withdrawals for the first time since people began staking their ETH in 2020. However, most people don't yet know how the exit queue works. I'll walk you through it step by step ๐งต๐
- Do Kwon being simultaneously one of the most ambitious builders in the space while also being a Tier 1 reply guy is honestly incredible
- I firmly believe Columbus-5 is going to be the catalyst for absurd parabolic growth for $LUNA. There has been a lot of great content about why this upgrade is incredibly important, but I want to add some of my own thoughts to the discussion ๐
- $LUNA sentiment seems a lot like May 2021. It came out of that stronger than ever. Zoom out to all the protocols, fintech applications, games, and [REDACTEDs] coming soon and realize this is just short-term bear market fear and panic. My confidence has not wavered a bit.
- $UST going to Solana, Ethereum, Binance Smart Chain, and across the Cosmos Hub through Wormhole and IBC this week, $UST pairs coming to Binance soon, @NexusProtocol opens up vaults next week, and so many projects are hinting at an imminent release. How can you not be long $LUNA?
- Youโre telling me $1 billion was just the beginning? ๐ง
