Yogigi

Justin Sun, holding 5% LIT?, started selling.

International law and order has never truly existed. States complied when it served their interests and ignored it when the consequences were negligible.
It only semi functioned under a single superpower. Now there are several, and enforcement is meaningless.
And those who did had no alternative.

China has export controls on rare earths.
US now controls Venezuela and thus the largest oil reserves.
It’s war games with resources and to fuel AI. The landscape is changing.

I don’t condone war or the invasion of other countries.
But if you zoom out over the last 30 years, it’s hard not to notice the direction things are moving.
Russia invaded Georgia. Then Crimea. Then Ukraine.
China absorbed Tibet, built military islands, and continues to tighten pressure on Taiwan.
Venezuela held elections, but the winner doesn’t govern. Corruption hollowed the state out and exported instability.
Energy matters again. Oil, gas, power grids, rare earths.
AI accelerates all of it. AI needs electricity, chips, data centers, water. Countries that can’t secure those fall behind fast

Did we just invade Venezuela? Where’s X live updates when you need them?

I’ll be disappointed if Whitewhale doesn’t flip Brett at some point.

imagine how hard it must be to only be bullish one perp dex.
i like lighter and hyperliquid for different reasons. but the tl can't help but kick the dog - mostly anti-HL recently.
oh jeff and team aren't big, don't have dc connections, 2/3 multisig.
yep those are the biggest variables to success. guess i'll just forget who was the innovative first mover. assume they've been twiddling their thumbs.
people are shortsighted, fickle and reactive. i had a friend sweating bc lighter was flat for the first 24 hours. tl is basically him but 10x.

I think I’ve cracked the crypto cycle. It’s not four year cycles. It’s a Star Wars trilogy.
2024: A New Hope
Crypto bounces back post FTX. Survivors come out of the cracks. Builders come back. Funding gears up. A crypto president enters the horizon, with Warren Death Star destroyed. Hope returns. Meme szn.
2025: The Empire Strikes Back
Macro uncertainty hits. Rails are being built, but they need time. Genius Act passes, opens doors for institutions and stables. But it’s also crime szn. Retail gets burned by a million rugs. Vapor coins finally begin dying. 10/10 people get hurt. Leverage nuked

Looksmaxxing tells me we’ve double topped as a society and there’s probably a world war on the horizon.
Bc man this is just silly.

Lighter TGE’d so we wouldn’t have to see any more Lighter fan boys vs .hls talk about metrics on X.
Sadly it’s worse they are double downing and doing PA on a one day chart while people panic why the coin price is more stable than the chain built for stables. Trillions.

There’s an asset bubble on early stage, new category companies.
Thus, lower risk adjusted returns and the need for people to gamble.
Most of FANG, Mag7 whatever, gave people years of entry / opportunity.
Now we have barely proven ideas launching at absurd vals.

What happened to MegaETH? Either my feed is broken or it’s been relatively quiet from them and the eco. Figured we’d get mainnet around w/ Monad.

Fraud happens ok. Don’t worry if we fail annual audits. $100B is cost of business.
Oh you have $10 in taxes due?!
We are going to seize your house.
How did we get here?

Lighter probably goes under 2, high confidence and maybe under 1.
It’s way too much float for this environment.
Looking at all recent launches - we see token retention of airdrops at less than 30%. Maybe this is different.

Congrats to Lighter and ecosystem on launch. I like th token framework from what I’ve seen so far.
The next phase will be most telling.
How does the market handle 25% of LIT supply hitting the market, that’s $750M in sell pressure at $3.
I’m a buyer under $2. Curious if we go there or lower.
Especially after 10/10, lot of people have been waiting for this stimulus bailout.
No ding on team and product purely talking token price, liquidity event and current crypto macro.

The final season of stranger things is like a million times worse than that of game of thrones.
I skipped through the entire season, all of it could’ve been one episode.
Netflix better not buy WB or it’s going to kill media.
But we have AI + indie artists now so ehh.