Market Sentiment & Accumulation - Aave whales averaging a purchase price of $228 are down 22% but continue accumulating [1] - Multicoin began purchasing Aave in mid-October around $228 and continued buying as the price dropped to $178 [1] - Smart money focuses on establishing a position rather than waiting for the absolute bottom [1] Protocol Development & Valuation - Aave v4 testnet is live, with a full launch expected by year-end [1] - Aave, a $50 billion TVL (Total Value Locked) protocol generating $140 million in annual revenue, is trading at distressed valuations [1]

https://t.co/31ZmEI0BSv moved $436.5m to kraken in 5 weeks. that's 7.3x their monthly revenue getting liquidated. $pump token down 60% in q4. platform generates $1m daily, token holders get nothing. $900m lifetime revenue, zero value accrual. either they announce revenue sharing this week or watch competitors eat their lunch. ...

megaeth pre-deposit opens tomorrow 9am est at $999m fdv. pre-market already trading $0.28 on hyperliquid, pricing it at $2.8b. that's 180% above the deposit entry. $250m cap, no individual limit. either pre-market traders are wrong or you're getting monad's valuation at 60% discount. $1.39b tried to get into the $50m sale. tomorrow decides who gets the arb. ...

hyperliquid unlock november 29. 9.92m tokens hitting circulation. protocol burns $5m daily in buybacks. everyone dumps hour 1-24. protocol buybacks activate hour 48. the gap between panic exhaustion and systematic buying is where you accumulate. smart money already positioned $10.6m last week. ...

synthetix running 231% collateralization on $41.5m susd when protocol demands 400% minimum. either the dao secretly suspended liquidations or they're calculating collateral with imaginary assets. susd at $0.953 for 24 days straight. protocol that can't enforce its own rules during a 57% snx drawdown won't survive season 2 competition exits december 15th. ...

mara and riot competing against 105 eh/s of chinese hashrate running at $0.03/kwh that doesn't show up in any mining report. western miners paying $0.06+ for power trading at valuations that assume they control marginal production. they don't. china's 14% of global hashrate operates underground with 50% lower costs and zero compliance overhead. every difficulty adjustment erodes margins these stocks need to justify their multiples. ...

kuru clob on monad needs $500k depth per side within 1% of mid or the entire chain is dead on arrival. no other l1 has ever launched clob-first. if professional market makers don't quote deep books in the first 72 hours, monad becomes another fast evm with no differentiation. watch the order books, not the token price ...

monad pre-market compressed 95% from $0.60 to $0.03 before monday launch. ico participants who paid $0.025 already took their 20% and left. the 75m tokens still holding through launch aren't looking for quick exits. when pre-market absorbs the flippers before mainnet, day one doesn't dump like everyone expects. ...

swift tested usdc settlement on ethereum with citi. $150 trillion payment network validating on-chain rails. circle makes $740m quarterly on $74b circulation. swift moving 1% of correspondent banking to usdc pushes circulation to $240b. circle revenue hits $2.4b annually on treasury spread alone. they're not building a stablecoin anymore, they're replacing correspondent banking. ...

Market Position - Extended ranks 10 in global perp volume despite not having a token [1] - Extended achieves 315 points per $1 million volume, significantly higher than Lighter's 4.58 [1] Tokenomics & Farming - 30% of the token supply is allocated to farmers who participate before the TGE (Token Generation Event) [1] - Hyperliquid farmers are reportedly shifting to Extended, citing its proven functionality [1]