DumpsterFire @cryptocampbell7

$SUI shipped the biggest piece of infrastructure in its history this week. The token is down 5% today. Hashi testnet went live Tuesday native Bitcoin collateral, 25+ institutional partners, deposits already processing. Wave Digital signed a 3-year commitment. That is not a small thing. The market's response: sell it. I called yesterday's retest as holding. It broke down inside 24 hours. Wrong call, no dressing it up. But here's what I keep coming back to I never confirmed the breakout, because stablecoin supply never turned. It's been bleeding for two straight weeks, right through the rally, right through the Hashi launch. -6.8% on the week. That's the number that told the truth. Not the candle, not the announcement. Capital was leaving the entire time the chain was shipping. A month ago I said the gap between what Sui builds and what the market pays for it was the whole story. This week that gap got as wide as I've seen it: biggest launch in the chain's history, and stables kept walking out the door. Either the market is badly mispricing what just shipped, or on-chain infrastructure doesn't matter until BTC says it does. I know which one I believe. I also know which one the data currently supports. Those aren't the same answer yet.

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DumpsterFire @cryptocampbell7

2 weeks ago

@DelCrxpto What a terrible take

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DumpsterFire @cryptocampbell7

2 weeks ago

@van00sa Yes

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FALLENHALO🐸 @YBCRYP

3 weeks ago

People will find us soon enough. SHIB and PEPE family. @HoppyTheFrogX @Shibtoken @pepecoineth

Drippy💧 @0x2Drippy

3 weeks ago

@CoinMarketCap Easy one: $HOPPY. 🐸 One of the strongest communities in crypto, always building, always showing up. The culture, the conviction, and the community speak for themselves.

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DumpsterFire @cryptocampbell7

3 weeks ago

@3LUEKEK hoppy-3:native

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DumpsterFire @cryptocampbell7

3 weeks ago

@pepecoins Weird as

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DumpsterFire @cryptocampbell7

4 weeks ago

@omgsidewalks Covid did that

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DumpsterFire @cryptocampbell7

4 weeks ago

@rationalaussie Mine also took a while. I set up and SMSF.

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DumpsterFire @cryptocampbell7

4 weeks ago

@Sykodelic_ @CantonNetwork Just like Gray lol

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DumpsterFire @cryptocampbell7

4 weeks ago

@greenytrades Precisely why the government needs immigration to remain high while birth rates are plummeting

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DumpsterFire @cryptocampbell7

4 weeks ago

@drewtility @kl100x @getbasedai Are we back!? 🤣

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DumpsterFire @cryptocampbell7

a month ago

@martypartymusic Gay

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DumpsterFire @cryptocampbell7

a month ago

@CryptoMichNL When do you think you’ll buy? I want to buy more too but I’d love your insight!

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Michaël van de Poppe @CryptoMichNL

a month ago

I'm looking to accumulate a lot of $SUI. There are many reasons, and I don't think the current valuation reflects the underlying value of SUI. Clearly, the markets have been in significant pain due to the recent bear market. However, this is coming to an end, and that means it is important to be positioned wisely. Note: I don't have a position in $SUI right now in my #Altcoin portfolio, but I'm looking to accumulate one. There are many reasons for this, and I'll explain them in this post. ➡️ - Confidential and free transfers are coming to $SUI, and people underestimate the significance of this. I do expect to see many autonomous agents deploying capital on the SUI blockchain to transfer freely. Regardless, institutions will also be interested in deploying capital onto the platform. ➡️ - The team behind SUI isn't one you should underestimate. They have been building Libra within Facebook. Some of them have been building multiple applications you use on a day-to-day basis. Of course, you're not going to bet against such a team to build something that is going to be valuable. ➡️ - $SUI has partnered with Paga, bringing tokenized real-world assets into Africa's largest payment networks. A lot of people are worried about the upcoming unlocks on the protocol. Let me tell you this as a fund manager and VC investor; - These are mostly already hedged through different brokers as prices have been falling. This means the marginal impact is close to zero. Technically, the asset looks great, and I'll explain to you why. Weekly timeframe - the overall picture The recent crash has set new lows in the markets; however, the indicators haven't. This means the markets are in an overstretched move to the downside, creating divergences across the board. On the weekly timeframe for $SUI, you'll see it on both the RSI and the MACD. This is one of the strongest indicators for a potential trend reversal. An example of this is that the same setup appeared on BTC/USD earlier in 2022, at the actual bottom. Secondly, the recent crash to prices below $0.83 has resulted in a technical 'deviation' below that low, with all the liquidity absorbed. Reclaiming the level at $0.83 opens the doors to be continuing the run towards $1.50+. That's why it's on my shortlist for the altcoin portfolio. The coming weeks are likely to provide a lot of upside as it returns to fair value.

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DumpsterFire @cryptocampbell7

a month ago

@greenytrades What do you mean not for individual transactions? They’d have info on every single transaction. Obviously only withdrawal info, nothing past that. But easily traceable by authorities Every bit of info they can store, they’d be storing. I’m surprised people are naive to this