Heads Shoulders Knees and Shoulders Knees and Toes Knees and Toes
A nursery rhyme and there's a whole new world
It’s been a while since my last Tesla update.
Become the 26th reader
For clout purposes to my loyal 25 readers, after s******* on Elon for the past year or so for dumping his Tesla stock, I became bullish at $130 and thought it would front ran $100 round number buyers when it got awfully close. Turns out it did in fact front run $100 buyers, it bottomed at $101.81. Ha
It’s fun seeing numbers go up but don’t forgot how the nursery rhyme goes. Here’s a refresher if you need one.
There’s a Whole New World
Su Zhu has a new venture. Turns out he decided to abort GTX and went with OPNX exchange instead.
A little birdie told the medium blog post writer of the previous largest crypto exchange that they managed to raise $25 million.
Personally I am surprised some people think that is hard to do. For someone with Su Zhu’s experience of running things up back turbo, I don’t find it surprising he managed to raise that amount of money.
Contrary to CT, I think his exchange will actually be a highly profitable trading strategy for Su Zhu. Look I haven’t read into any of the technical details but this seems like it would work and even if it’s really wonky, as long as there is a market, apes will go there and sell their bankruptcy claims at market prices and people will trade these claims based on whatever news comes on during bankruptcy hearings.
Also this is the first time I am hearing of a claims exchange and I am sure that while there are other claims exchanges, this will be the most popular as long as basic features work. Also wouldn’t surprise me if 3ac claims start trading a bit wonky due to insider information *cough cough*.
One thing that makes me bullish about this venture is that if they release a token, it will be so hated that it would be perfect for a hated rally. A lot of things in crypto that go up the most have a hated rally by most crypto participants. Solana was a great example of this. BTC and ETH maxis and other purists hated this cash grab VC scam centralised chain and it just went up. We all know how the story ended but it was a perfect hated rally.
Same with almost everything that pumps. Also if a token launches and there are perps listed on other exchanges, there will be a lot of people who blame their losses on 3ac who will be shorting it. Their liquidations will act as fuel for Su Zhu to try and ignite a rally.
Of course, all this depends on the product and market conditions. If the product has basic features figured out and market conditions are reasonable, I have no doubt that there will be rally. CT’s and CeDeFi normies illogical and mob mentality hatred of Su Zhu and 3AC will be quite profitable I imagine.
Anyways, whole new world etc etc.
Thanks for reading The Sharvenium!