Sweep1

NFTs an industry worth $50 billion at its peak just did less than $8m in volume across 12 chains combined last week
Everyone posting floor price % gains from collections that pumped off an inflated market cap that took a couple $10Ks sweep to move
BTC ETH and SOL all pumped hard this week
NFTs are denominated in those assets and so most of these gains are flat or negative
NFTs are not back don’t get fooled
And the volume will remain for only two use cases: Money laundering / Washing or Art work

Sidelined?? 🫵😹
Couldn't be me
HIGHER

I kinda miss those ai agents in my comments
These mfs were the real MVPs

Your favorite influencer is also your other favorite influencer

The crypto market reached a $3 trillion total market capitalization in November 2021.
That number is frequently cited as a milestone, but very few stopped to ask where the capital came from or whether the valuations it produced had any connection to reality.
Between February 2020 and early 2022, the U.S. M2 money supply expanded from $15.4 trillion to $21.7 trillion.
Over $6 trillion created in under two years.
Globally, central bank balance sheet expansion added north of $20 trillion in new liquidity.
Real interest rates went negative and capital was forced into every risk asset: equities, re

Wintermute's CEO tweeted "Karma Is a Bitch" five days before karma took $162 Million
Wintermute is one of crypto's biggest market makers
Their hot wallet used a vanity address generated by a tool called Profanity
On September 15 2022 security researchers at 1inch publicly disclosed that Profanity addresses could be exploited
CEO Evgeny Gaevoy saw the disclosure and moved ETH off the compromised wallet but he forgot to remove it as admin of the vault
He quote tweeted a reference to the vulnerability with "Karma is a bitch :)"
Five days later someone hacked the address and drained $162.3 million