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Wen the next rug?

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@trenchbet @bubblemaps

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Basically, what we already knew has come to light: you support a group of fanatics, Nazis, and criminals. @elonmusk

or this..

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That's it.

Same week, same movie. And this one is even funnier. Thursday it was Starknet. Monday it is Wormhole. Now the picture gets a bit clearer. $W was sitting at $0.013 to $0.015 for most of October. Nobody cared. Then a fresh wallet pulls 62M W out of Binance, about $1M, around $0.016 each. Two days later $W is up 60% in a day and here comes the thread: "bought an insane amount of Wormhole", "top 1 RWA dominance infra", "$4.5B TVL exclusive partnership", "kingmaker", "0.1 to 0.5 this quarter". The wallet bought at $0.016. The thread tells you to buy at $0.028. Now read it again. Let's look at what is actually on the table. Wormhole has nothing to do with real world assets. Nothing. It is a messaging bridge. It does not issue, does not hold, does not tokenize, does not settle anything. Securitize does all that. Wormhole is the pipe Securitize uses when a fund moves from one chain to another. "Top 1 RWA infra" is a narrative invented on the spot. The $4.5B is not Wormhole's TVL. It is the money Securitize has tokenized, taken from the same RWA table he posts as proof. Those funds are issued and redeemed natively on each chain. "Every single trade powered by Wormhole" is simply false. BUIDL holders can swap into RLUSD on Securitize's own platform and Wormhole never touches it. The partnership is not news. Securitize picked Wormhole on September 20, 2024. W was $0.25 that day. Same partnership, two years later, $0.028. The market already priced this story and the answer was minus 89%. Infrastructure usage is not token demand. A BlackRock fund moving from Ethereum to Solana does not buy a single W. Supply: 10B max, about 6.6B circulating, unlocks every two weeks. The next 50M W unlock on October 16. One day after the 127M STRK unlock. Two pumps, two unlocks, same week. Still a coincidence? And "open interest at max at all venues" is not bullish. It means the trade is already full of leverage and the door out is small. Now the pattern. On $STRK a wallet created the day before opened a 3x long on $2.9M and made $1M in less than a day. Verify it yourself: hypurrscan.io/address/0x2f59… On $W a fresh wallet loaded $1M two days before the thread. Then the amplification. Tracking accounts flag the "smart money", the thesis arrives, the "kingmaker" word, a target up to eighteen times the current price. Different accounts, one ticker, same 48 hours. Probably not one person. Probably a group pushing the same project on a theory that does not exist. An insider move dressed as research. I wrote it yesterday: side wallets, fame, main wallet, FOMO, dump. Narratives get sold into unlocks. The unlock is Friday. And since we are talking about the "core interoperability layer". Who remembers February 2, 2022? Wormhole got drained for 120,000 ETH, about $320M, the second biggest DeFi hack in history at that time. Jump Trading, the parent company, had to refill the hole with its own money. One month earlier, January 7, Vitalik had written it: the future is multi-chain, not cross-chain, there are fundamental limits to the security of bridges. He did not even need to name it. Today the same bridge is sold to you as the "exclusive" rail for BlackRock's tokenized fund. Secured by 19 guardian nodes and 13 signatures. That is not a kingmaker. That is a multisig. Lol This is crypto Twitter in 2026. The narrative is written on Monday and sold on Friday. 🤦‍♂️