Unlike other traders on here, Ansem isn't afraid to admit that the market has turned and it is time to be cautious. One must read what the chart is showing and not what they want to see on the chart.
dont know, i just look at charts
reasoning for my being bullish past week was that a higher high here would maintain bullish structure and trend
weekly bearish engulfing to downside breaks trend & makes it more likely the inefficient move we had on the way up gets filled
this setup + equities having reason to selloff w/ macro/inflation fears + anthropic growth slowdown is enough to be concerned
Azrangar retweeted
Papertrade advertises zero fees. I went through the numbers on a simple trade and that isn't what I found.
Say you go long Bitcoin at $80,000 with $1,000 of margin at 1000x. Your position is worth $1M, or 12.5 Bitcoin.
Each $1 move in Bitcoin is $12.50 to you. Your $1,000 covers an $80 drop, so your margin runs out at $79,920.
Papertrade liquidates you at about $79,960. That is a $40 drop. At that point you have lost $500 on paper, but they keep the full $1,000.
On the winning side, say Bitcoin goes up $50 to $80,050. Your profit on 12.5 Bitcoin is $625. Papertrade pays you $406, which is 35% less.
Here is what they pay at different move sizes:
A $25 move earns $312 and pays $157. That is a 50% cut.
A $50 move earns $625 and pays $406. That is a 35% cut.
A $100 move earns $1,250 and pays $940. That is a 25% cut.
A $200 move earns $2,500 and pays $2,032. That is a 19% cut.
A $500 move earns $6,250 and pays $5,333. That is a 15% cut.
A $1,000 move earns $12,500 and pays $10,843. That is a 13% cut.
The cut gets smaller as the move gets bigger, but it never goes away.
At 1000x most trades end on small moves, because Bitcoin moves $40 or $50 all the time. Small moves are where the cut is largest.
Putting the two sides together, a $40 drop costs you $1,000 and a $50 rise pays you $406. To break even on those terms you need to be right about 71% of the time.
For comparison, Hyperliquid would charge roughly $900 in taker fees to open and close a $1M position. That fee is stated up front. Your margin also runs all the way to zero before you are liquidated.
On Papertrade the cost comes from the early liquidation and the reduced payouts on wins. Each one shows up in the price you get rather than as a fee. Combined with 1000x leverage, it puts the odds well against the trader.
I notice Unipcs deliberately ignores $ZCAT. First it was $SI and how $SI was going to be number 1. $SI didn't even touch $100 million. Now it's $MASK, and I foresee $MASK having a similar result. Throughout the recent dips, ZCAT always bounce back strong to $50 million.
Nullmask / $MASK: the most underrated privacy coin of the cycle
$MASK is currently sitting at around $23.5m market cap ($40m FDV, with 40% of supply out of circulation and 2.16% already burnt)
i believe Nullmask is by far the most underrated privacy coin in all of crypto, and i'll explain why in this thread
let's start by looking at the top privacy coins and their market caps:
• ZCash / $ZEC: $21 BILLION market cap
• $NEAR: $6.8 BILLION market cap
these two have been by far the biggest gainers in the top 50 cryptocurrencies over the past year, and it's not even close!
if it isn't already obvious, both have run hard (and continue to run) on the PRIVACY narrative
but what's impressive isn't just their gigantic market caps
it's how much they've added in the past year alone:
• ZCash added $18 BILLION to its market cap
• NEAR added $4.3 BILLION to its market cap
all before the bull run has properly started
so how does this affect Nullmask / $MASK?
the incredible runs ZEC, NEAR, and other privacy coins have had have established beyond reasonable doubt that this is the privacy cycle
and i believe Nullmask is going to win big because it sits right at the heart of this narrative, with several key advantages that many much bigger privacy coins don't have
let's start with the PRODUCT
Nullmask makes private transactions possible across EVM chains and Solana in the most normie-friendly way imaginable
you can use your existing wallets (MetaMask, Rabby, Phantom, etc.) the same way you normally would, while enabling private transactions across major ecosystems like Ethereum, BNB, Base, Robinhood, and Solana
yes, you read that right
you don't need to learn how to use a new wallet, create a new seed phrase or private key, learn to navigate a complicated new blockchain, or deal with any of that nonsense
you can activate Nullmask's privacy capabilities on your existing crypto setup in just a few clicks
all you need to do is activate Nullmask's custom RPC and let its 'virtual private network' shield your transfers using zero-knowledge proofs
i'm simplifying the technical details to make this as normie-friendly as possible, but that's the gist of it
and this isn't just speculative stuff: Nullmask is already LIVE & WORKING on Ethereum, BNB, Base, and Robinhood
you can actually use the product and verify that it works!
but i'm bullish on $MASK for more than just the product
TOTAL ADDRESSABLE MARKET (TAM)
what makes Nullmask so incredibly bullish and underrated isn't just how impressive the product is, but the size of its total addressable market
i've never used the ZCash or NEAR blockchains, and the same is true for tens of millions of users across Solana, Robinhood, Base, BNB, and Ethereum
yet ZCash and NEAR have market caps of approximately $21 BILLION and $7 BILLION, respectively
the average crypto user may never touch the ZCash or NEAR blockchains, but they're already using Ethereum, Robinhood, BNB, Solana, and Base
and Nullmask caters to those users
this begs the question:
what is fair value for Nullmask when ZCash and NEAR are both trading at multibillion-dollar valuations?
LET'S TALK ABOUT THE TEAM
when a protocol promises something as ambitious as Nullmask does, you obviously want to know who's building it and whether they're capable of delivering
Nullmask is built by several ZCash contributors, led by Tomas Krnak
Tomas Krnak helped build shielded ZCash transactions for hardware wallets. his work was funded by the ZCash Foundation and merged into the main ZCash protocol itself
i should also add that the lead dev is doxxed and regularly participates in live interviews!
PARTNERSHIPS & INTEGRATIONS
we've established that the team has serious credentials in the privacy space and that the product is already live and working
but what about partnerships, integrations, and endorsements?
here's a list of industry players Nullmask has collaborated with in some form since launching:
• NEAR Protocol ($11.3 BILLION ATH)
• THORChain ($4.4 BILLION ATH)
• Dashpay
• Beldex
• Quai Network
the team also revealed in a recent AMA that it's in discussions with major wallet providers, including MetaMask, about potentially integrating Nullmask as an additional privacy layer
all of this for a product that isn't even a month old, by the way!
METRICS & REVENUE
Nullmask looks incredibly strong from a fundamentals perspective, but the key question is:
what do the metrics actually look like?
since the protocol launched a little over two weeks ago, Nullmask has generated:
• $37.8 MILLION in total protocol volume, averaging $2.36 million per day
• $833k in total revenue, averaging $52k per day
it has also burnt 2.16% of supply and distributed $1.4 MILLION in $ZEC rewards to holders since the token launched approximately three weeks ago (token launched a week before the protocol)
and here's the important part:
all these adoption metrics were recorded before the protocol is live on Solana, which is expected to happen next week, and mostly before it went live on Robinhood and BNB just a few days earlier
the team also has 20% of the token supply allocated to a long-term incentives campaign designed to encourage people to use the protocol and accelerate adoption
i should also add that Nullmask is now ranked #1 among ALL privacy protocols for both 7-day and 30-day revenue, according to DeFiLlama, barely two weeks after its protocol went live, and by a clear margin
this is despite the fact that
-it only went live on Robinhood and BNB a few days earlier
- it is yet to launch on Solana
- its incentives program aimed at accelerating adoption is yet to launch
the speed of adoption Nullmask has witnessed is impressive for any privacy protocol
TOKENOMICS
20% of the token supply is allocated to the team and locked for two years, meaning these tokens won't start entering circulation until at least two years after token launch
another 20% is reserved for an incentives campaign aimed at accelerating protocol adoption
the remaining 60% of supply is circulating
this means approximately 60% of the supply is currently in circulation, while the bulk of the rest won't enter circulation anytime soon
ROADMAP
• Launch on Ethereum, Robinhood, BNB, and Base (LIVE)
• Cross-chain bridge (LIVE)
• Unshield directly to ZEC wallets (October 2026)
• Launch on Solana (Q4 2026)
• NullMask SDK (Q4 2026)
• Privacy Perpetuals (Q4 2026)
TO CONCLUDE
i know Nullmask might sound too good to be true right now, and it's crazy to me that it's sitting at such a ridiculously low market cap
but believe it or not, all of the facts in my thesis above can be independently verified
i'm not going to ask you to buy Nullmask
i'm simply laying out my thesis and thought process for this trade, and explaining why i believe it could be a big one
i objectively believe $MASK will become a multibillion-dollar token before the end of the bull run, and i expect it to be yet another kingmaker trade for me
nothing in this thesis is financial advice
it's up to you what you do with the above information
Yeah, he is already concocting his plans to bring down Solana.
NEW: @cz_binance PRAISES @solana FOR BEING ABLE TO ADVERTISE AND EVEN GET AN OFFICE IN CHINA
“@BNBCHAIN WAS NOT ABLE TO DO THIS, SO FAR. 🤣”
Azrangar retweeted
we just launched something pretty interesting under jupiter labs.
introducing YOLO. 500x to 1000x leverage.
yes, 1000x.
we’ve been experimenting with a different approach to high leverage trading, and YOLO is our first attempt at it.
the idea is pretty simple. what if we could let people trade with extremely high leverage, without actually having to execute these massive leveraged positions in the market?
so we took inspiration from the JLP model and built YOLO, where positions are simulated against real market prices, but the profits and losses are real.
this allows us to offer leverage that goes far beyond what we currently have on jupiter perps, using a completely different approach.
of course, this also comes with some tradeoffs.
since profits are paid out from the pool, if there isn’t enough liquidity to pay out a winning position, the payout can be queued instead of being paid immediately.
it’s a different model from traditional perps, with its own risks and limitations, but i think it’s an interesting experiment worth exploring.
one thing i’ve always liked about building onchain is how much room there is to experiment with new financial products and trading experiences.
and that’s also why we’re launching YOLO under jupiter labs. to give ideas like this a place to be tested, without necessarily having to fit into our existing products.
i’m quite excited to see how people use YOLO and what we can learn from it.
it’s still early, and there are probably many things we can improve along the way.
but that’s the fun part of building and experimenting.
give it a try, understand the risks, and let us know what you think.
jup.ag/yolo
let’s go!
Nothing beats Solana. Such a shame @JupiterExchange fumbled perps.
You essentially can't trade on @papertrade_xyz unless you have an automated process trading with a good amount of capital
$1k margin on 1000x leverage which is $1M notional is queued up at 1.7k spot lmao
Solana was mocked and HyperEVM can't process 6k transactions lol
Yo @izebel_eth I'm like 6k deep in the queue just to get liquidated on your platform
Can we speed up the liquidation process please??? 😭
Azrangar retweeted
top 25% wallets on pumpfun earned ~$49
top 10% wallets earned ~$500
but the top 25 pumpfun memecoin deployers? they made $128M
the launchpad itself? $65M in revenue last 30 days
now you know who's making the most money in the trenches
it's not you, you're just providing them exit liquidity
Been saying this from 2024. I think pump fun is holding back the alt season. It needs to go.
BREAKING: Vitalik states that @Pumpfun has killed memecoins by turning new retail investors entering the crypto space into degenerate gamblers and with no real-world use, the industry will die fast.
He also stated that @pumpfun has been a net negative to crypto since it was released in 2024 by draining the $crypto ecosystem and turning retail into gamblers not investors.
He also said the platform is setup like a slot machine you keep clicking until your fully drained - pump ultimately wins but retail loses.
Pretty neat
Introducing Community Coins.
Holding Solana community coins can now earn holder rewards from new memes paired with it.
Each meme launched in Community Mode shares 33% of its holder rewards among eligible community holders. The remaining 67% goes to the meme’s own holders.
$USELESS, $PENGU, $ZCAT, $ANSEM, and $NEET are up first.
Hold Solana's top memecoins, get rewarded.
Exit Liquidity - Example below
Another day of huge $SI whale sell pressure yesterday— $1.4M net sold
Retail continues aggressively accumulating into this whale distribution
The sheer size of back-to-back net whale outflows here points to this being topped
For SI to come back from this, we need to see whales pivot to being large buyers
If that pivot doesn’t come, the trend is down from here
Track whale flows like this on our web app in the replies ⬇️
Can @JupiterExchange make this more seamless?
So apparently an app on Solana has been giving people tokens backed by ZEC, and apparently there are tens of thousands of people who chose to receive this reward. Well now there's a whole HOWTO for those folks, thanks to bentertainer and ZecHub: zechub.wiki/using-zcash/sola…
Runners make the launchpad. This is something @LaunchOnSF needs to understand. I sense they are underestimating pump.
WTF just happened to $PONS
Revenue is down 88% from peak in early September
Buybacks went from over $1M/day to $200K/day
Daily token launches from 36K peak down to 6K only (even stonkfun doing more recently)
$PONS down 38% from ATHs, consolidating around $60c
They need a runner or a product catalyst (V3 / trader incentives) to bounce
Fk Pump and Fk all the prostitutes who support them.
JUST IN: $STONK HAS BURNED A HIGHER PERCENTAGE OF THEIR TOKEN SUPPLY IN 7 WEEKS THAN PUMPFUN HAS IN 140 WEEKS
STONK: 16.9%
PUMPFUN: 16.76%
Azrangar retweeted
Had an "interview" for a blockchain project last week.
Camera was on, we're chatting, and the guy tells me to clone a GitHub repo and run it locally before we go further into the technical round.
I said sure, but first can you do me a favor
hold up 3 fingers in front of your face for me real quick.
He froze.
Didn't move.
Just sat there for a few seconds before the call cut off and he blocked me.
That's when I knew. A real interviewer doesn't glitch out over a random ask like that. A deepfake/AI overlay does.
These "run this repo" scams are getting scary common in crypto and dev hiring right now.
The setup is always the same:
- flattering DM
- real-sounding project
- rushed timeline
- a "quick step" before the call
that's really just remote access or a credential stealer in disguise.
If someone wants you to run code or install something before you've even had a real conversation, that's the whole scam.
Trust the instinct. Stay safe out there.