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EnigmaFunge
Verified account This account is verified. Learn more@EnigmaFund
CEO//Founder @MultiHopper + $SSR + @get_ora. GP at EnigmaFund VC. Advising Perle, KINO. + (prev) $TOSHI CTO team
1.1K Following 19K Followers 26K Posts
Latest posts 5
Like how do people get surprised by any KOL being "Paid for Celebrity Memecoin Promotions"?
Are you:
Are you:
- Retarded? 3
- Ignorant?
- Born Yesterday?
- An idiot? 2
“He who follows vain people shall have poverty enough”
One of crypto's largest KOLs has been secretly extracting millions from his audienceView quoted post on X
We’ll expose him soon
Unfortunately, he’s just a symptom of a much bigger problem
Social trading has brought out the worst in KOLs. It was designed to keep them honest by making every trade public. In reality, the opposite happened
In just a few weeks, we exposed a number of "top social traders" using the same tricks:
• Public wallets to attract copy traders
• Side wallets to dump
• Callouts to farm rewards
• Bundled tokens to hide supply
And there are plenty more doing the exact same thing
Why? Because our industry incentivizes it
1) Launchpads allow it
Most launchpads today are obsessed with one thing: volume. Millions in callout rewards, affiliate links, and top leaderboards. Almost nothing on detecting bundles, side wallets, or shady traders. Scams drive volume. Launchpads have no reason to stop it (other than actually caring about their users)
2) Social trading incentivizes it
Side wallets have become a business model. Before social trading, only big KOLs could do it. Now, anyone who lands on a leaderboard can monetize by dumping on their copy-traders. The temptation is real
3) CT normalizes bundle culture
“Everyone bundles. It's how it's done" - an excuse we hear every time we expose a KOL. Supply control isn't the problem. Hiding it is. If it's so bullish, why hide it? Spoiler: because you're planning to sell
***
Launchpads are paying millions to dishonest KOLs. It's time they start taking it seriously
Audit the top traders. Expose their side wallets. Ban repeat offenders
We have the tools. What's missing is the willingness to use them
No one's coming to save us
Listen. 24/7 hustle is bullshit. Here’s why:
1. When you’re sleep deprived you make stupid sloppy mistakes that hurt you, the company and then take time to clean up. Some of them can’t be cleaned up and you’re worse off for it.
You also become obstinate defending losing positions.
2. No client or investor wants to talk to you on Friday night to Sunday afternoon. Think about it. If you need to, comment below and I’ll explain more and why. When you see it, you can’t unsee it 👇
What matters is your efficiency Sunday- Friday. How you set yourself up for success. How you build systems that work for you WHEN YOU’RE ASLEEP.
1. When you’re sleep deprived you make stupid sloppy mistakes that hurt you, the company and then take time to clean up. Some of them can’t be cleaned up and you’re worse off for it.
You also become obstinate defending losing positions.
2. No client or investor wants to talk to you on Friday night to Sunday afternoon. Think about it. If you need to, comment below and I’ll explain more and why. When you see it, you can’t unsee it 👇
What matters is your efficiency Sunday- Friday. How you set yourself up for success. How you build systems that work for you WHEN YOU’RE ASLEEP.
I’m being by back #FF.
What always liked about this track is that it’s been about gratitude for me and sharing so we all can receive more.
I’m going to share 3 phenomenal follows and alpha today:
1. My friend @chironchain is a phenomenal trader, alpha-spotter, mind and human.
He runs chironchain.com - an awesome community with some of the best folks in crypto. It’s smaller, tighter and very supportive.
He was also the first person to call PONS sub $1m, HOOKR, DELTA, AI and so many more I can barely recall how many.
It’s one of my 3 favourite communities in crypto and one that also delivers financial value, new friends and a high quality learning environment.
(I don’t get paid, no referral code, no commissions)
What always liked about this track is that it’s been about gratitude for me and sharing so we all can receive more.
I’m going to share 3 phenomenal follows and alpha today:
1. My friend @chironchain is a phenomenal trader, alpha-spotter, mind and human.
He runs chironchain.com - an awesome community with some of the best folks in crypto. It’s smaller, tighter and very supportive.
He was also the first person to call PONS sub $1m, HOOKR, DELTA, AI and so many more I can barely recall how many.
It’s one of my 3 favourite communities in crypto and one that also delivers financial value, new friends and a high quality learning environment.
(I don’t get paid, no referral code, no commissions)
chironchain.com Chiron's Cave | Private Crypto Research Community A private crypto research community. Membership is established onchain on Base via Unlock Protocol.