Based (BASED)

That's embarrassing. 😬😬 $BASED founder tells people to 20x short his token. Token goes straight down 65% from launch. The binance listing nuke strikes again. https://t.co/BcCx2cJ4n9

wen a founder tells you to short his token, short it in reckless abandon https://t.co/6w4y2k5yyL

This $BASED move was misjudged. It has already dropped more than 50% from its high. I underestimated the sustained selling pressure after the new token listing, and overestimated short-term support. The market now trades not on narratives, but on circulation, sell pressure, and real buying. Going forward I’ll listen less and tell fewer stories, focusing more on structure https://t.co/RLSC4wrOYA

$BASED: TOKEN BUYBACK This wallet has started accumulating tokens, having bought back almost $400K in the last day. There's still $300K in stablecoins on the balance for further buybacks. Wallet: 0x738a2c8dd840831b9bb9e4103c68d98c41e20abe https://t.co/Vbflmho4U6

Last night got pretty spicy on $BASED. Someone clearly tried to slam the price below $100M FDV like 2 minutes before Polymarket expiry… but looks like way more people were positioned for >$100M 👀\n\nFunny part - just 3 hours after expiry, the token nuked anyway (-30% in 24h) and now it’s sitting at ~$85M FDV.

🚨 Claim Spike Detected Token: BASED · BSC Wallets: 5 Time: 0s Avg claim: $17.1 Total claimed: $85.4

BASED - Good or Bad? My full take on @BasedOneX Airdrop Everyone will have a different outcome. Different size. Different strategy. Different execution. This is just my view, trying to find the balance. 🔸Profit / Loss The only metric that matters. In my case → profitable. Fees recovered + extra on top. ~2x on fees. Clear win. 🔸Farming duration ~3 months season 2 Short. Structured. Predictable. Clear start. Clear end. No endless farming. Big positive. 🔸 Time invested Not passive. Required constant attention. Position management mattered. More demanding than average. 🔸Cost of farming Expensive. Fees stacked over time. You could feel it every epoch. Efficiency was key. 🔸Collateral farming Mixed. Helped generate Hyperliquid volume. Possible future upside there. But expectations were higher. Multiple ecosystem airdrops were hinted. They never came. Overall → disappointing. 🔸Launch performance We’re used to airdrops dumping hard day 1. Here, after initial selling, price has held relatively stable. That’s a strong signal. Good execution from the team. 🔸Staking pressure There was a staking campaign offering up to ~400% APR. A lot of tokens got locked. But: Unstaking has a 3-day cooldown. And that window is approaching. This could unlock supply → and create sell pressure. Something to watch closely. 🔸 Narrative & expectations Started with huge hype. People calling for $1+. Over time → narrative faded. Sentiment turned bearish. Low expectations → better perceived outcome. • The good - Profitable (if done well) - Short, structured farming - Stable post-launch price - Clear timeline -Useful Hiperliquid volume • The bad - Expensive to farm - Time intensive - Active management required - Overhyped expectations - No collateral airdrops 🔸Final thoughts Not top tier. But definitely not bad. For me → worth it. Curious to hear your take.