Plasma (XPL)

To take this thought further, venture funding is exogenous capital. A VC takes 200m from asset allocators like funds of funds (who ultimately have LP capital from pension funds etc), plows it into the industry, then goes out to raise another 500m from those allocators before the first 200m even matures. If the first 200m matures and provides decent returns, the GPs can then easily go out and raise more money for a third fund. This is all net new money coming into the industry. Crypto retail in crypto venture rounds is endogenous capital. When Bob the Degen apes 5k into an angel round or ICO, that's 5k that isn't generating yield in a DeFi protocol, trading on perps or contributing to swap volumes. And when Bob's 5k gets rugged by a poor investment, that 5k leaves the industry forever. And the chances of Bob getting rugged by a poor investment is much higher than a VC fund because the VC investors have information asymmetry on Bob and leverage which Bob does not have. All this to say - the risk and liq

Mayne shares his thoughts and levels on $XPL "I feel like this coin just ever since it came out just down only I guess you could argue that the selling is subsiding I always talk about the slope of the selling right very aggressive selling slightly less aggressive selling now we're arguably going sideways or even up right so its kind of like theres your parabolic downtrend the downtrend chills out a little bit then it starts flattening out and then maybe it can uptrend again" "but if its able to break out of this range this thing all of a sudden looks not that bad for potentially some relief here but yeah crazy volatile candle here -be careful especially if youre trying to trade this thing with some leverage"

THEY MADE $3 MILLION MANIPULATING $XPL 7 accounts deposited a total of $1.85M to Hyperliquid to manipulate XPL. They pushed the XPL price up with leverage longs, then they withdrew a total of $4.63M from their collateral balances at exactly the same time, making $2.78M. https://t.co/bdfevNf824

7 WHALES (WALLETS) POCKET $2.78M IN 150% RETURN BY PUMPING XPL ON HYPERLIQUID - a group of seven accounts combined deposited $1.85m usdc to hyperliquid and opened leveraged long positions to pump the illiquid XPL perpetuals - all the wallets later simultaneously withdrew $4.63m; securing a swift ~150% return on capital while the trade lasted minutes - the aggressive withdrawal forced the hlp vault to absorb roughly $600k in losses - the mechanics of this coordinated exit were straightforward yet ruthless in an illiquid markets like that of $xpl on hyperliquid, even moderate buying pressure in a shallow book can ignite violent moves, and that’s exactly what happened

INSIGHT: 7 wallets just extracted $2.8M from retail traders in broad daylight. Most people were the trade, not the trader. Here's the $XPL breakdown. https://t.co/XupAjVHNCE