Folks, the spotlight has been fun reporting on the FTX estate's solbags, a role I somehow filled by default, due to the lack of credible information. Here I will take my leave from this job. This will be my last post on the topic, as I find this chapter is coming to a close. From the various stake/withdraw authorities I uncovered, the FTX estate's unlocked token supply is nearly exhausted (~338k in unlocked stake accounts). Beware that these coins are now out in the wild, and it is highly likely that there is substantial reserves on exchanges (Coinbase and Binance), or with trading desks. And there are still some LSTs they have to get through, too (several 100k mSOL and jSOL). So, as always, this is not financial advice; I'm not responsible for your trading activities. In all, though, the estate has moved a metric shit ton of coin. Galaxy seems to have done a good job of preventing adverse market effects (RIP shorts). Estimates on CT were all over the place, but by my original calcs, the stake accounts started at 62M SOL, now down to 42M total. About 20M has moved (less what hasn't been sold yet), and $100M's recovered for FTX claimants. The effect on decentralization is mixed. The Alameda private validators were shut down, however, to their credit, their largest stake key EhYX...Mtxx had actually staked coins at nearly every voting node, which is now in decline. With changes proposed to SFDP, too, it will be interesting to see how this evolves. I still believe stake pools have a big role to play in maintaining a wide and healthy validator set, and protecting the Nakamoto coefficient (which will be 100% necessary). Going forward, it may be helpful to think of the the total locked stake's [roughly] linear unlocks as an increase in the total inflation rate. Til Feb 2025 unlock, inflation will actually exceed the pace of unlocks by more than 2:1. 5.62% + 2.36% = 8% (very crude numbers here) From hereon, I urge you to use the many tools available to you, and learn to read the chain for yourself, call APIs, and dig into the data. The universe of Solana data is vast, and there is alpha in it, if you can learn where to look. Tools and communities around products like @heliuslabs, @solanafm, and @flipsidecrypto have been instrumental in my growth as a chainsplainer. For my part, I've done my best to present data in an accessible way, and will continue to make it available on gelato.sh. Thanks for everything.

Question: so did Solana Foundation ever *really* burn the 11M SOL that The Bons has been going on about? Short answer: YES. Had to sift 3M+ signatures to find it. But here it is: solana.fm/tx/45pGoC4Rr3fJ1TK…

Mcap = Circ supply x $/ea = 0.4287B x $260/ea = $111B. Is it the math or the rounding that is problematic for you?

Looks like of the validators, about 30% of a required 80% supermajority are online and waiting. This episode sucks, but truly incredible to watch the validators rally, and it's *all for us*. Saying thanks to @ShinobiSystems @GenesysGo @CertusOne @cryptomeleabs + countless others

People don’t like solana, whether it’s the token, the early supporters, or its implementation. But one thing is undeniable: it’s a distributed, massively parallel supercomputer. You write Rust, splat it down to BPF and shove it into the aether. It works. That’s worth something

This is 💯 percent correct… For those who don’t know: see playlists to learn any subject from a genius you’ve never heard of piped.video/c/iit

Aaaaahh I'm trolling "Solana is too centralized" - only uses Metamask w/ default RPC node; has never run a full node - builds dAPP that wholly depends on Infura - Stakes coins exclusively w/ Kraken, Lido or Stakefish

For all the talk about solana's centralization, few will acknowledge that of eth's ~5000 mainnet nodes, a full 2/3 are hosted, 50% with AWS, 17% of which is in a single data center in Ashburn, VA. As it was said by venerable eth guy "they are a party to your network."

1/ Alright, so it's all coming back to me now. A more detailed look into the Alameda/FTX SOL stake accounts follows... This is the big one, so get your🍿

FTX estate is staking 5.5M SOL solscan.io/tx/5ugbkfnpEQCgNc…

gm Binance took 2M SOL from their cold wallet and delegated to Solflare validator. Stake currently activating on epoch 477 solana.fm/address/4f77K3QgVR…

An sneaky onboarding approach: - @MadLadsNFT transcends L1 cultural boundaries - User's experience @tensor_hq OB-style NFT dex - Users quietly acquiesce that Solana is a damn good, rock solid chain

I read this paper on MEV, and it introduced this concept called the Herfindahl-Hirschman Index (HHI). It's a measure of how competitive a market or industry is. For Ethereum PoW mining it measured HHI = 0.545 => oligopoly recvc.com/mev-2-0-the-rise-o…

RE: economic sustainability of rare internet beans First: all these armchair crypto-economists looking at P&L of blockchains in the 2rd inning are stoo-pid. Further, any asshole telling you to lock up coins for months on end at less than the fed funds rate on assets that have 50%+ annualized volatility is an fuuucking idiot. DO NOT take their advice for anything. Full stop. I don't stake eth and neither should you. It makes ZERO sense talking "economic sustainability" (i.e. ultrasound money) when the entire industry is here (see image). That's not how startups work, not how tech works. See it for what it is: marketing. What should blockchains be doing right now? Driving economies of scale and slashing the marginal cost of blockspace, enabling the world to get on chain affordably, and easily. IMPROVING UX. Ethereum is neither cheap nor easy to use. Solana is doing this, and it *is* dilutive at the current time, but the growth in on-chain use is undeniable; the UX: incomparable. Solana is geared for growth, while eth has already tuned its block gas limit to protect and enrich its post-rich defi class in the pre-early-majority phase of the technology adoption lifecycle. It's too early. You played yourself. Using the L1 sucks. Optimistic rollups *really* suck. Blockchains are going so much higher, and you've hamstrung the UX in the name of a NGU / bagholder philosophy, to serve an already wealthy few. Forever spackling over an antiquated VM and drowning under fathoms of tech debt. Finally, when comparing solana vs. ethereum, you're comparing apples and oranges. What's good for the longevity of the ether asset is not necessarily appropriate for younger blockchains. Solana is firmly in the aggressive growth phase, winning minds and that is scary to you. I get it. But the idea of sitting around jerking off watching the burn and concocting purity tests, while zero newcomers can afford the chain, is gross.

Duolingo but for learning Rust. Is there something close?

Despite the volatility yesterday, raffle fun things pretty quiet on Solana this weekend. Don't get everything right, but think we nailed Robinhood, market was able to understand what was going on--became a non-event, really.

you can physically feel the sentiment about solana shifting

All that’s missing from the article is even one shred of evidence that this wallet has anything to do with Prigozhin

Bonk The meme coin that saved *checks notes* The cryptophone

Just a head's up that for the next ~week 1.4M SOL will unlock. 330k today, another 520k on 10/06. No judgment, just data

Ok, things are pretty scattered now with all the FTX estate activity, but will try to collect some info here: The main FTX estate wallet 9uyDy9VDBw4K7xoSkhmCAm8NAFCwu4pkF6JeHUCtVKcX (see graph) has seen about 6.7M total outflows to things we'd consider exchanges, OTC, or presumably "selling" (of course, it might not be all sold yet). This wallet still holds 250k SOL. Legacy Alameda stake account keys have changed in recent months: - EhYXq3ANp5nAerUpbSgd7VK2RRcxK1zNuSQ7 still has about 27M locked, 7.5M unlocked (but 7M still staked). Total balance ~34.5M. There are 135,342 unique stake accounts, so it will take some merging before these will sell. This will take months-years, IMO. - e6keeZrGmHMiQaFM3TAYvFz8HE3qtTFUSHsyqq5FEw7 has been emptied. 10M sol is now under H4yiPhdSsmSMJTznXzmZvdqWuhxDRzzkoQMEWXZ6agFZ. 2M is unlocked / 8M locked. (unclear if this is still FTX/Galaxy custody) - DYG1ooTxkLS5iHDkte2XK4QBrpHziDR6EEZg5VsqNpVo has been emptied. These were the uber-large unlocks for Feb 2025. 10M now lives at this key: 2jN7TSxV7tFaLHvGSoubBuMj6iRLTnXaz9hSo35wThPF. (unclear if this is still FTX/Galaxy custody). Don't have to worry too much about these until 2025. - Alameda combined about 1M SOL under a new authority 5W2hcfMBus9k1cKewi74u7gK5iG3Zd9FgZKgKwurKZzY. 830k in still active. All of it unlocked. I expect this is the next tranche to sell. In all, very good progress. It's still very hard to say how much Galaxy still holds, since not knowing who controls the new staking authorities creates error bars in the 30-50% range. We can say the estate still controls at least 35M sol, primarily locked. Upper bound probably ~52M SOL. => Progress: at least 10% done; possibly 40% complete.

Whew! FTX Estate was busy yesterday. At the epoch close we saw them deactivate 1.51M SOL on W/A EhYXq3ANp5nAerUpbSgd7VK2RRcxK1zNuSQ755G5Mtxx (Alameda Staking #1). This was some ~4800 stake accounts w/ < 400 SOL/ea. Next, over two hours they merged almost 8,000 unlocked stake accounts to 7 condensed addresses. The total of these fresh accounts is 3.7M SOL. This is about half of EhYX key's unlocked stake (~7.5M). After working through this 7.5M, and whatever is stashed on CEX/custody, nearly all of the unlocked SOL will be done. Misc: - It was fun watching this event in real time. The load kicked up on Gelato's stake server - Could watch these destination stake accounts filling up - Look at the spikes on the stake instruction graph. Most activity in quite awhile - despite the distribution, spot demand has been outstripping their supply - S/T maybe bearish, L/T quite boolish The new stake addresses: 4armTxGanWcPuyDDWuK7ncxtLHtMiHLnzdeN2T9DEzJj HGz1byoz1CoLSFVLTnNgKm9WTmFu96zvi1qSKjnswRnG 4ojbxW6MXwyYQda22D3mo7Tkp4hXoyCnhQvDzJf2wqPg AJWneUm7QuQENJXkn7rDMp1Bvfab3R5vY7LcGuMmTtQv 7rLyWM4F53xRgLxz8XS3NGMVgEupzGDEVwjjRLLE74ve DQhEK2RXVp2mGLQUM5hYogZjFkPNWh4r6zWpcCVGXBvA 8js7WKVuqfco9VXETohYXqdxMmNTXXLZpm5nKHekMNqk

Remaining balance of SOL from “FTX Cold Storage #2” (9uY…) hitting kraken now

This video made me cry. This is the fallout of all the stupid fucking games that nations play with our lives. What is the point? Ashpool is definitively anti-war, pro human. Wishing safety and peace to Ukrainians, Russians and anybody else caught up in this mess. 💔

Hey you, yeah you! Let's write a book Mastering Solana: The Solana Runtime github.com/ashpoolin/solanab…

1/ Thrilled to share some research sponsored by Jito Labs (@jito_sol)! In this thread, we'll explore the Jito Stake Pool and its contribution to Solana's decentralization. Link: jito.network/blog/the-rise-o…

I see you all rotating your bonk gains to dog wif hat but might I remind you

Damn, this one hurts. @mangomarkets is the crown jewel of Solana. Really wishing for a favorable outcome for you guys, and the community @m_schneider @dadadadaffy

The FTX estate main wallet appears to have disposed of 1.25M SOL in recent days. Bullish distribution solscan.io/account/9uyDy9VDB…

If mainnet survives tomorrow you have no idea how bananas boolish that is

That dude’s trippin because foundation controls 20% of solana stake while lido controls >30% off eth stake. Just wow. I get the argument, but one group decides to call the other’s chain of choice centralized. New flash: these are all about to get more centralized without careful intervention. I haven’t heard how eth will address lido. Sol had a number of viable paths forward. Will revisit this in a year. I think you will be surprised

Aloemeba may have a surprise for everyone just in time for Breakpoint (not financial advice). 👀 Just broke off and deactivating 1.6M SOL from a larger, unlocked stake account. solscan.io/tx/3wPQHiX4ro72Ck…

Don’t know which way it will go, but I do think the Solano FTX liquidation will be the trade of the year. - priced in? Market not nearly bullish enough, rips faces - not priced in? Not enough buy-side liquidity and we either grind down or really just nuke to hades Which is it?

Currently gulping FTX history from @heliuslabs on 16 cores

Quick gratitude post This cycle hits a bit different than previous. Despite recent bombastic posts, I am humbled by good fortune. But first, a little background... My history of cycles follows: 2015/16: mining eth/zec w/ gpus in a 2 BR --> 2017: active alcoholic --> 2018: sober, but broke no-coiner --> 2019/20 btc mining maxi --> 2021: 1 month eth defi dabbler goes straight to SOL --> this post I acquired a very modest crypto portfolio by 2021. From '21-23 I saw hilarious swings in its value, yet after paying the tax man, and relentless bills, nevermind the prolonged bear brought by 3AC/FTX/Greyscale/et al, I was running pretty lean in 2023. New parent, running a single-income household, was putting my wife through grad school. We're educated, but live a modest middle-class lifestyle, and yet there was not a lot of room to breathe, and no room for mistakes. Happy to say today, though, in no part due to the generosity of the market, many founders / 75 devs, a handful of real believers, and a lot of free fish, I can see my way to the other side. This last week my wife started her career as a professional. She crossed the chasm, she did it. We indeed are gonna WAGMI. I've said many times that life would be pretty bleak without crypto. I won't wax on the many woes in our society, but I will say that it is fucking awesome that through cryptography, clever engineering, and a lot of faith, that humans have created non-fiat, PUBLIC money. The feat is nothing short of a miracle. Part relief valve for a system that is financially oppressive in nature, and part performance art demonstrating how silly the system really is, crypto is wild, messy, but it is also a powerful force for empowerment and upward mobility. Seriously, what a time to be alive! That is my truth, my experience, can't tell me I'm wrong. How I stayed in at all was due to: - stubbornness - intense intellectual curiosity - a little leg work - almost entirely avoiding leverage - keeping dry powder for *life* first, bags second My size still isn't size, but I know we'll be getting by. And the pace of innovation / technology satiates me in a way that I hadn't discovered before. I'm really happy to be here, and happy for the friends I've made along the way--some of whom I've had the privilege of meeting IRL. All that to say: thanks. gm

Totally lost the plot on the sandstorm submission requirements, but I got something better: full crash course in building web services. I give you gelato.sh/

Whoa!!! Day 2 of WhaleScale we did $BUSD--here's top 100 wallets. It's a veritable who's who of whales, including: Binance, Jump, Alameda, Cumberland, Amber Group, Justin Sun, and Three Arrows Capital. Unlike other stables, this coin seems to have healthy redemption process ;)

A majority of the SOL stake distribution seems to be coming from this account: solscan.io/account/AGLy7VykW…). - Avging -137k SOL/day - Withdrew 7.8M since 11/28/22 - Just a few degrees removed from WM via HFWv1riXSRJ3nVnnLZ9xi1K4r3zppRvcfVuiAGqAA8Y6. -Ends up at Kraken, CB, Binance

Dear Sers, Plz stop dumping solamis. I cant take much more of this. Find large otc buyer? Why twap every day for 4 months straight. iz hurting my mental health and financial security of may famili. Thx.

BONK is like SOL But unencumbered by the ghost of Alameda Change my mind

"if I had to pick an ecosystem that's contentious and that you should pay attention to, and in its contentiousness is undervalued, it would be Solana." @cburniske

To my knowledge I have all 1.7M tx signatures for Alameda 1 solana wallet. Will share with anyone who asks. Will also collect Alameda2, FTX, and FTX_us Guess I need to start a gofundme for a pro sub to @heliuslabs so I can parse all of these, unless they feeling generous 😈

Did you know? Additional fees are enabled on #solana mainnet-beta NOW!

"95% of validators are operated by SF" > doesn't want to look at the data to confirm/disprove this absolute certainty what the data says: - SFDP stakes SOL to 1105 validators of 1800. - their active stake is only 54M of the total active 375M (14%) - None of those validators are in the top 1/3 superminority (above the Nakamoto threshold) => IF THE ACTIVE STAKE OF THE PROGRAM IS <33% OF ACTIVE STAKE, AND NONE OF THESE VALIDATORS ARE IN THE TOP 1/3, ANYWAY, WHAT NEFARIOUS THING DO YOU THINK THEY CAN DO, EXACTLY? Q: So whodunit? Who's "RunNinG tHe SHow"??? A: The validators are, dumaz.

The “costly hardware” she told you not to worry about (on eBay): AMD 5900X - $300 MOBO - $250 128GB DDR4 - 100-250 4x SSD - 3x50 + 80 GPU - 40-300 PSU - 80 case - 100 Total = $1100-1600 All this cheaper than the MacBook most snarky posts about solana node cost are written on.

Tell me you're an eth maxi without saying it 🤮

This month I’ve got five years without alcohol. Happy reminder that now is always an acceptable time to start. Grateful for today, and for tomorrow

This tweet shows in plain view the contempt that jason et al have for this industry. It’s a real shame if anyone ever took their money. I heard that sacks/scamath never actually had sol tokens. But now I’m compelled to search for them, If only to confirm these shmucks are gone.

I'm combing through obscure wifi adapter drivers and then see that I'm looking at Linus' repo, realize he's has written all of them. What a boss

What's up w/ $bonk? This is neither endorsement, nor FUD, just an impartial look at its current ownership. 1/n

It's just too bullish, I can't handle it 1. wen @mangomarkets --> now 2. @orca_so token drop and pool updates 3. @RaydiumProtocol on Binance It is indeed @solana SUMMER BAYBEYYY

It's a fine argument, but the numbers are wrong. I checked the chain (and so can you!) > I doubt that number is "91%." I really like your posts @lex_node, but here the precision is too high for a number you clearly pulled out of your ass. Sorry. Solana is in fact a permissionless blockchain. you don't have to dox to run a validator, that's only if you want to receive stake from the Foundation delegation program (SFDP). Here are the actuals from running CLI calls `solana validators` and `solana stakes`, then comparing with stake accounts in the delegation program's stake authority mpa4abUkjQoAvPzREkh5Mo75hZhPFQ2FSH6w7dWKuQ5. By Participants in SFDP: - Total # validators = 2019 - # validators w/ a stake account belonging to mpa4...dWKu = 1065 - 1065 / 2019 = 53% (not 91%) By Stake: - total active stake = 388.3M SOL - total active stake of all SFDP participants = 94.3M SOL = 94.3M / 388.3M = 24% Thanks

I’m going to just start posting unverifiable boolish platitudes about solana to get my follower count up. When the strength of my reality distortion field is strong enough, then we’ll face the big boss

Infinite deficits Financial repression as a "useful tool" Full mask off

Ethereum nodes are so much easier tbh Just let me run my mainnet execution client, consensus client, op-geth for op and base, nitro and classic clients for arbitrum, my zksync verifier, starknet discombobulatoor…

In all seriousness, with the re-delegated locked FTX stake, total active stake is at an ATH since I started measuring it in April. That’s worth something

I am returning to the idea of solana as an “industrial” blockchain of sorts. I welcome @helium’s choice to move here, and think we need a lot more DPIN. Solana pay point of sale, EV chargers that only require a wallet (no 3rd party app), and decentralized sensor networks.

I don’t think many understand that FTX and Jump basically put solana on their back. Just look at the chain, alameda is doing all of the volume, keeping liquidity alive on many tokens. Call me naive, but it will be very expensive to duplicate what we have on aptos, sui, ______.

Can confirm: @levicook is the gentleman dev that Solana needs. What a chill fucking dude.

CRV/ETH pool drained and SOL gets dumped.

Despite the supply hangover from Alameda + expiring lockups, you'd have to be an idiot or oblivious to think that there's not something special with Solana. There's real engineers all over, and the network is a marvel in itself. Truly one-of-a-kind.

fairly certain you are a) disingenuous, or b) a moron... neither one good here to set the record straight. in short: inflation is 2x the *linear* unlocks thru '24. have a nice day

what if I told you there is no 3M SOL unlock in August? github.com/solana-labs/solan… Waiting for someone to tell me I'm wrong. I welcome critical eyes to help iron this question out.

Look at this map of Helium nodes. Validators maps are similar. What’s striking is how underrepresented they are in markets that could benefit most. Continents South America and Africa basically unaccounted for. For geographic security, these are a *must* (models of nuclear events basically show the whole northern hemisphere affected). But besides that, these markets would probably carry network growth on their back while giving access to infra like affordable, reliable payments (ex: USDC-SPL). S/o to groups like @AllstarsNG skilling up, pulling these regions forward

We're all fired

guys stop mining ore for a second you will lose more on your solbags than you gain from mining it.

Looks like SOL active stake climbed 5.7M since last epoch. Nice...

@ewarren: “Please, mr billionaire with firmly entrenched operations and reg capture, what are your totally impartial views on this nascent threat to the wellspring of your riches?”

By looking at the withdraw authorities on the accounts that funded AGLy7V, we can see how much they still have to go. Hate to say, but of WA's that have been used so far, there's still 10M SOL behind it.

“Don’t trust; verify” Looks for himself => he’s “deployed” (?) by the solana foundation AND I’ve proven it !!! Lol. Didn’t expect much from you Wasn’t disappointed

Time for another ep of Fudbusters: "SF and Alameda are subsidizing the network 👀!!!! (PART XXXVII)" - "I RT as fact a guy who didn't have all the facts, so it must be a fact" => two wrongs don't make a right. - It's not widely known, but it turns out that Alameda was part of a huge fraud, which failed, so they're actually not in control of any coins now. Amazing, I know. The "Alameda subsidy" that is still cited on a weekly basis is over. IT'S DONE. Far as I know it's been sold (cryptopotato.com/ftx-to-auct…), sits at ONE validator or is undelegated (1.6M active / 7.7B total balance). You can check now: go to gelato.sh/wallets => stake accounts => plug EhYXq3ANp5nAerUpbSgd7VK2RRcxK1zNuSQ755G5Mtxx into stake account inspector tool. You'll get the data below. - Meanwhile. SFDP is a *voluntary* system. Nobody is forced to participate. Revoking stake to program participants who abuse public stake to do toxic MEV is a good thing. Whoever wants to continue can (it is--in fact--a permissionless network), but they're not entitled to an incentive that should be constructive for the network (read: the whole point of SFDP). Don't like, it? Leave. It's hilarious people should be mad about this, or consider it as central coercion. And regardless, the SFDP is currently only deploying 48M in active stake (13% of the total; 370M). Down from about ~70M near the start of 2023. As that program continues to decline, I wonder what new tired ass narrative will emerge to take its place.

LSTs are the solution to ensuring durable validator decentralization. Gonna write a thing soon

Heyyy for the first time it looks like we can confirm OKX is 5VCwKtCXgCJ6kit5FybXjvriW3xELsFDhYrPSqtJNmcD! It was tagged on @solanafm already, but it's been bugging me for awhile. Here's the short of it, in running this one down: 1. Observe OKX has a validator (OKX Earn): validators.app/validators/Fc… 2. Get all stake accounts delegated to the validator vote ID = 2tucttroqFNXsrYeMBQ8LfzKNfgwT2rHBzAF6RzbbHEp 3. This is the top stake account w/ >90% of the program's balance: 8dUc88Nss8uhqzzFvUQhepkwZaVrfzpoCfKjCXGkdzAG 4. Note this stake account's stake/withdraw authority is 7fGw3UURsxk1szQ4buxQyEkiF4P6z7vx7sN1MHEguTJg 5. Go back in the authority's transfer history and we see our friend 5VCe...NmcD seeding the account. >> That's that. I'm very satisfied

People have forgotten how dangerous it is to short sol when it’s on a heater Their blood is Novo’s exit liquidity

Can confirm that ~15M (net) stake deactivated. Keyword *deactivated*, not *withdrawn*. TBD on what they do with it (might get restaked). Note: 7.5M (about half) was in locked stake --> can't be withdrawn, without approval of the custodian

You apes bought a net $5M SOL **on-chain** in the last 48hrs. I give you the on-chain CVD dashboard. If you like my work, please view the page and support me in the @flipsidecrypto analyst bracket Any moneys earned I'll roll into work, including gelato flipsidecrypto.xyz/ashpeezey…

It’s pretty simple

While I’m sure it was a miserable experience, cannot express how awesome the @mangomarkets team has been these past days. Kept their poise, made sacrifices, but managed to make users whole. Big ol’ thank you!

Goes down on a “monthly basis.” While you’re doing a victory lap on the chain’s past struggles, you’re conveniently ignoring the fact the chain just rode through a week of 400% volatility w/ ~2000 validators averaging over 2000 tps.

<2M SOL unlocks til 2024 inflation >> unlocks till Feb 2025

Binance's hot wallet has been drawn down to 73k SOL today. It's cold wallet still stands at 18.4M SOL though (~$350M). 24hr cumulative CEX SOL in/outflows are -620k, despite selling-related inflows. You can keep tabs on Binance's solana wallets here: gelato.sh/sol

Is this *bullish unstaking*? Chad whale withdraws 677k SOL, puts 177k on jitoSOL solana.fm/tx/3BRuQacYheb7dW3…

Woke up to my wallet drained. By whom you ask? Myself. That’s right, in my enthusiasm for aping a very promising but new digital asset, I carelessly clicked on not one but two malicious links displayed directly on tweeter. Spent a solid hour emptying every hot wallet I had, no longer trust my browser. The only thing that prevented me from signing anything is endless corporate security training on the use of fake time constraints, eg “act now”, which felt funny. So, let there be no mistake. I am a certified moron. If you were wondering

FTX stake update. Not much analysis... just follow up. Stake accounts *presumed* to once be owned by Alameda/FTX still stand around 61M. 18M unlocked, 43M locked (30% unlocked / 70% locked). What's interesting are two new stake/withdraw authorities have been authorized on some of the largest stake accounts. The outstanding question is: are these new owners (from OTC deals), or are they just Galaxy / FTX estate reconfiguring their keys? Minor evidence points to the latter, but it is not very strong or clear. Accepting all theories on what the purpose of these new authority keys are. They are: - H4yiPhdSsmSMJTznXzmZvdqWuhxDRzzkoQMEWXZ6agFZ - 2jN7TSxV7tFaLHvGSoubBuMj6iRLTnXaz9hSo35wThPF The two new authorities have a total of 7.5M unlocked / 15M locked, which are included in the total numbers above. The amounts represent 38% (23M) of the total, 40% of the unlocked amount, 36% of the locked amount.

Just reflecting… i think of all dog money, bonk has a great shot: Doge - good memes, the original, interesting origin story FDV $12B Shib - the npc of dog money, soulless, uninteresting in every way FDV $8.4B Bonk - excellent branding, arguably the funniest, pretty fair launch / distribution FDV $400M

Totally. I was utterly lost in analog circuit design, didn't start understanding it until I saw the lectures from Radhakrishna Rao. Guy's the biggest brain ever

Ok, short splainer on how to run LLMs on using @akashnet and deploy.cloudmos.io/ using @ollama. If you don't want to nerd out, skip this one

Bros, this ain’t it Does anyone even look at the addresses or what

Relative weakness in the PYTH token may be in part due to FTX estate solana.fm/address/5RAHKkXdX1…

Past 48 hrs in Solana stake: - 700k withdrawal to 9C6adc6FhkSCycZ4gbLRZ8GBMKgLoAw2xnyQ2UD4j4JD. This becomes part of the EbsUZEFAU23Z2SgAymFtU2hADLiyNLzaPLKiJfvpKnE7 signer network that I am guessing is Jump - 750k sol deactivations initiated 9/20 21:00. These are non-circulating coins.

Seems like a fine time to break out these scripts again... General theory is that Galaxy was selling SOL w/ limit orders on CB, TWAP selling on Binance. The question: can we find a spot TWAP on Binance? Imo, yes. Spot buying is markedly bullish across all order lot sizes except for ~50 SOL/order. Here, a seller liquidated net 531k SOL for $21M since October 20.

The real alpha: 1. Don’t read threads by accounts w/ >10k followers. It’s sales. <10k followers you might actually learn something. 2. That’s it

Holy shit bears are fucked

The coin's pareto of ownership is actually pretty long w/ 75,000 holders, and more than 500 wallets in the top 80% (top 500 holds 68%). That's actually better than a lot of shitcoins.

Fuck yeah!!! Love watching a top tier airdrop… and it’s on Solana. Congrats @jito_sol team

Live chart of Solana unlocks by date coming soon to gelato.sh. Til then, here's a static chart. Biggest unlocks are 4M in August, and about 11M starting on 2025-02-23. Nothing we can't get through.

A lot of people have been asking for this, so I thought I'd oblige. Here's the presumed FTX estate stake totals and unlock schedules. Preface this with we *think* these are the Alameda keys based on research, but hard to say for certain.

So, I thought it would be a cool idea to examine the Solana network. $ solana validators --output json | in2csv --format json --key validators > validators.csv From here, you just take the fraction of the total stake, square them, and them up: HHI = [sum( MSi)^2] 1 --> n