ghazzog

Everyone wants the next HYPE airdrop. I think the better bet is finding Solana’s next major exchange before it becomes obvious. That’s why I’m spending time on Phoenix and BULK. Hyperliquid showed how big an onchain exchange can become. Solana already has the activity: Allium’s research put it ahead of other chains in RWA spot trading volume over the twelve months to August 18. My bet is that this creates demand for deeper trading and hedging markets on Solana. Phoenix and BULK could capture part of that opportunity. Neither has to become “the next Hyperliquid” for early participation to be worthwhile. Here’s what makes the setup interesting: 👉 Frontier Traders: Eligible Phoenix volume counts toward volume leaderboards, Reward Crates, and applicable campaigns. Season 1 runs through November 11. 👉 Phoenix referrals: New users get a 10% trading-fee discount. Referrers earn 20% of direct referrals’ fees and 10% from second-tier referrals, within the program’s volume cap. 👉 BULK AURA: Trading AURA determines your Challenger Series league, with weekly USDC rewards for qualifying traders. 👉 BULK referrals: Base tier referrals get a 5% Trading AURA boost. Referrers earn AURA plus 10% of direct referrals’ net fees and 1% from indirect referrals. So there are several ways participation could pay off, even before assigning any value to a future airdrop. I built a bot to test paired positions across both venues while aiming to keep directional exposure low. The number I care about is the actual cost of participating: fees, funding, slippage, and execution losses. If those costs stay low enough, the combination of campaign rewards, referral income, and potential airdrop upside becomes an interesting asymmetric bet. That’s the thesis I’m testing, not a proven return. Points might disappoint. Rewards depend on eligibility. A hedge can go wrong. Still, this is currently one of the most compelling airdrop setups to me. It is a reason to use the products today, multiple incentive layers, and a bigger market opportunity behind them. My play is simple: keep participation costs controlled, collect the rewards I qualify for, and build early exposure to exchanges that could benefit from Solana’s next wave of trading activity.

Financial influencers love being the reason you bought and hate being part of the conversation when you lose. You can't market your influence and then pretend you don't have any.

Elysium's announced policy routes 50% of sequencer fees into KNTQ buy-and-burn. That's a mechanism, not a cash flow statement. The interesting part starts when there's revenue worth arguing over.

A losing trade doesn't prove a scam. A big audience doesn't prove innocence. CT keeps trying to settle both questions with follower counts.

X

Elysium is bringing another L2 to Hyperliquid. More blockspace is nice. Users who stick around after the incentives leave would be nicer.

Slingoor owned 62.6% of a memecoin. He sold everything in 42 seconds. The price fell about 99.8% in one minute. Here's how you could have seen it coming. On Nov 8, @slingoorio sold all of its Big Titty Coin (solana:C5xph2yL6gMdxmuLGxJBkGpmuDFfyi5fqkBNhvL6pump ), a pumpfun memecoin. Critics say it was a rug pull. Slingoor says he's stepping back because of extortion attempts and death threats. The transactions are public, and they tell a clear story. His wallet held 620 million of the coin's 991 million tokens. The trading pools, where buyers and sellers actually meet, held only about 26 million. That's about 2.6% of the supply. So the price on the chart was set by a tiny slice of the coin, while one wallet sat on most of it. When he sold, there weren't enough buyers. The coin went from about $9.2 million to about $16,000 at the low, inside one minute. He got about 2,810 SOL out. The last sale says it all. It was 96% of the tokens sold, but it brought back only 28% of the SOL. The buyers were already gone. This isn't really about one KOL. It's about a check anyone can do before buying: 1. Look at how much the biggest wallet owns. If one wallet holds more than about 20%, you might be the exit. 2. Compare that wallet to the pool. If it holds more than the pool, one sale can crash the price. 3. Copy the contract address from the original source. Minutes after the dump, a copycat coin with the same name was being pushed as the real one. A big following can bring buyers. It can't stop one wallet from selling into them.

Elysium can be fast. But will builders make enough money? That’s the question worth asking. Elysium promises 100-millisecond blocks and uses HYPE to pay transaction fees. Fast blocks are useful. But speed alone doesn’t tell us how much the apps built on it can earn. Let’s keep the math simple. Imagine Elysium handles 1 million transactions a day. Assume each transaction costs 0.00001 HYPE, with HYPE priced at $77.02. That would bring in about $770 in daily fees. Builders get 25% of that: roughly $193 a day. Not $193 for each builder. About $193 shared across all builders combined. The rest is split between Kinetiq’s treasury, which gets 25%, and KNTQ buybacks, which get 50%. The tokens bought back are then burned &removed from circulation. That means the same fee pool has several jobs. It rewards builders, funds the treasury, and supports token buybacks. But it can only distribute the money users actually pay. At the same assumed fee, 100,000 daily transactions would leave builders sharing about $19 a day. Even at 10 million daily transactions, their combined share would be about $1,926. These are examples, not forecasts. The actual transaction fee, HYPE’s price, and how much people use Elysium will change the result. Low fees aren’t a bad thing. They make apps cheaper to use and let people try things without spending much on every click. But cheap transactions also mean a network needs a lot of activity to collect meaningful fees. And a transaction count doesn’t tell the whole story. A million cheap transactions can bring in less money than a smaller number of more expensive ones. Builders may also earn money in other ways, such as charging for their apps. So this fee share is not a measure of their total income. Still, if fee sharing is part of the reason to build on Elysium, the size of that reward matters. The useful questions after launch are simple: Are people using the apps? Do they keep coming back? How much are they paying in fees? And how much of that money reaches builders? Fast blocks are a feature. Apps people want to use are what turn that feature into a business. Elysium’s real test isn’t just how quickly it can process a transaction. It’s whether enough people find a reason to make one.

copium is strong with this one 👇

Alright I'm nearly at breakeven. Close here or hold for profits? I still think this is a golden opportunity though.

I'm tired of losing

The more I read my timeline the more I become dumber.

Embrace AI

This is who you are trading against btw

hopium of the day

Tldr Buy or hold

this lunatic and the likes are running USA now. rip

is this an out of season April Fools joke?

I feel like this is a rotation of capital. Like reds go out and then once its over blue's start bidding. That's the only thesis I got.

what are the odds of him going in prison for this rug?

ngl great tool that tracks what Jup doesn't. especially the ones from the past NFT cycle. recovered 1.5 SOL thanks Big Brain!