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zeroresearch

15,214 рет көрілді
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Sulaiman 零号猎人
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Why ZeroHunter? I look at how a token could go to zero before I look at how it could go up. Unlock calendars first, then who actually holds the supply. It started with LUNA, where I lost about 750 USDT because I skipped one step. Some weeks the honest post is: I'm staying out. Which token should I check next? #ZeroHunter #ZeroResearch #Sulaiman零号猎人 . $SAND $ENJ $GALA
Why ZeroHunter? I look at how a token could go to zero before I look at how it could go up. Unlock calendars first, then who actually holds the supply.

It started with LUNA, where I lost about 750 USDT because I skipped one step.

Some weeks the honest post is: I'm staying out.

Which token should I check next?

#ZeroHunter #ZeroResearch #Sulaiman零号猎人 .
$SAND $ENJ $GALA
ZERO → 1,000. 🖤 But honestly… The number is not what I’m celebrating today. I’m celebrating the PEOPLE behind that number. 🤝 When Zero Hunter was still at ZERO, some of you were already there — supporting, replying, sharing, encouraging, and giving me that little push to keep going. Today, I want to give those people their flowers. 🌹 Huge respect to: @CipherXOG @Solanadiva @ELENA-13141314 @mdx1688 @Square-Creator-68e610637 @Square-Creator-b47fa46235ac @CF76887 @Square-Creator-8d488af9f207 @bang-bang @wanfeng1688 @hpr2008 @Square-Creator-4b74aee82d9b8 @Square-Creator-0a10ed162601 @Square-Creator-4ddf7e61d47fc @zlh-66778989 @Square-Creator-b10976136 You didn't just give me a follow. You gave Zero Hunter momentum. 🫡 ZERO → 1K was only the beginning. I remember the people who helped me get here. Now the real hunt begins. 🐺 Next stop: 10K. Much love. Much respect. ❤️ And to everyone who has been part of this journey — even if your name isn't on this list — I see you. 👉 Follow and stay connected. More quizzes, rewards & crypto research coming. Good luck, Crypto Family! 🚀 —Sulaiman Zero Hunter #ZeroHunter #ZeroResearch #Sulaiman零号猎人
ZERO → 1,000. 🖤

But honestly…

The number is not what I’m celebrating today.

I’m celebrating the PEOPLE behind that number. 🤝

When Zero Hunter was still at ZERO, some of you were already there — supporting, replying, sharing, encouraging, and giving me that little push to keep going.

Today, I want to give those people their flowers. 🌹

Huge respect to:

@CipherX 零号

@Solana Diva

@Elena神话MUA

@Hawk自由哥

@奋斗Hustle1688

@神秘小K钱

@辛迪cindy

@钞机八蛋

@帮帮Bonnie

@晚风Vesper_1688

@听澜321

@币盈Anna

@蓓蓓大王

@路飞社区糖宝Luffy

@周周1688

@英鸿³³₇

You didn't just give me a follow.

You gave Zero Hunter momentum. 🫡

ZERO → 1K was only the beginning.

I remember the people who helped me get here.

Now the real hunt begins. 🐺

Next stop: 10K.

Much love. Much respect. ❤️

And to everyone who has been part of this journey — even if your name isn't on this list — I see you.

👉 Follow and stay connected. More quizzes, rewards & crypto research coming.

Good luck, Crypto Family! 🚀

—Sulaiman Zero Hunter

#ZeroHunter #ZeroResearch #Sulaiman零号猎人
$ONDO — Zero Hunter Update 🎯 {future}(ONDOUSDT) $ONDO is holding around the key support zone. A bounce from Support 2 could open the door for another push higher. 🚀 But if support breaks, the downside scenario remains open. No chasing. No guessing. Watch the levels. Wait for confirmation. 🎯 #ONDO #ONDOUSDT #CryptoTrading #ZeroResearch Not financial advice. Trade with your own risk management.
$ONDO — Zero Hunter Update 🎯

$ONDO is holding around the key support zone.

A bounce from Support 2 could open the door for another push higher. 🚀
But if support breaks, the downside scenario remains open.

No chasing. No guessing.
Watch the levels. Wait for confirmation. 🎯

#ONDO #ONDOUSDT #CryptoTrading #ZeroResearch
Not financial advice. Trade with your own risk management.
My friend shorted $AGT $Q and $BTW today. All three. Before lunch. On AGT: “Up 65%? Time to dump.” It didn’t. On Q: “Up 119%, this is insane, THIS is the top.” Nope. By then he was tilted, so BTW got the third short. “Only +34%, safe entry.” Ouch. Best part: Q’s funding was negative, so he was paying the other side just to keep his own trade open. At 3 AM he calls me: “Bro, how did everyone know I was short?” Nobody knew, man. A green candle only means people are buying. It doesn’t mean gravity is coming. And hope is not a stop loss. Ever shorted something just because it “looked too high”? Tell me the damage 👇 #AGT #Q #BTW #ZeroHunter #ZeroResearch Not financial advice. Perps are leveraged.
My friend shorted $AGT $Q and $BTW today. All three. Before lunch.

On AGT: “Up 65%? Time to dump.”
It didn’t.

On Q: “Up 119%, this is insane, THIS is the top.”
Nope.

By then he was tilted, so BTW got the third short. “Only +34%, safe entry.”
Ouch.

Best part: Q’s funding was negative, so he was paying the other side just to keep his own trade open.

At 3 AM he calls me: “Bro, how did everyone know I was short?”

Nobody knew, man. A green candle only means people are buying. It doesn’t mean gravity is coming. And hope is not a stop loss.

Ever shorted something just because it “looked too high”? Tell me the damage 👇

#AGT #Q #BTW #ZeroHunter #ZeroResearch

Not financial advice. Perps are leveraged.
$SIREN is up 50% in days. It’s still 99% below March. It sat near 2.2 cents, jumped to 4.1, then fell back to 3. In March it ran to about $3.60 with no clear news. Unverified data showed one entity holding around 88% of the supply. This bounce sits on that history. Futures idea (high risk) Entry: $0.0302–$0.0311 Targets: $0.0325 / $0.0350 / $0.0410 Stop: $0.0280 Keep size small. Don’t chase spikes. Not financial advice. #SIREN #Futures #BNBChain #ZeroResearch #ZeroHunter
$SIREN is up 50% in days. It’s still 99% below March.

It sat near 2.2 cents, jumped to 4.1, then fell back to 3.

In March it ran to about $3.60 with no clear news. Unverified data showed one entity holding around 88% of the supply.

This bounce sits on that history.

Futures idea (high risk)
Entry: $0.0302–$0.0311
Targets: $0.0325 / $0.0350 / $0.0410
Stop: $0.0280

Keep size small. Don’t chase spikes.

Not financial advice.

#SIREN #Futures #BNBChain #ZeroResearch #ZeroHunter
🚨 2021 ATH HOLDERS… LET’S DREAM BIG! What if the next bull run surprises everyone? 👀 🔹 $DOT — ~$55 ATH $5 → $15 → $30 → $55 → $100 🔹 $FIL — ~$237 ATH $10 → $25 → $50 → $100 → $200 🔹 $ETC — ~$167 ATH $25 → $50 → $100 → $167 → $300 Imagine holding from the bottom and watching these levels approach. 🤯 Are the highest targets impossible, or could another crazy cycle surprise us all? Pick ONE coin and ONE price target you believe is possible. 👇 Let’s see who dreams big and who says “IMPOSSIBLE!” — ZeroHunter 🎯 Not financial advice. DYOR. #BinanceSquare #Write2Earn #ZeroHunter #ZeroResearch
🚨 2021 ATH HOLDERS… LET’S DREAM BIG!

What if the next bull run surprises everyone? 👀

🔹 $DOT — ~$55 ATH $5 → $15 → $30 → $55 → $100

🔹 $FIL — ~$237 ATH $10 → $25 → $50 → $100 → $200

🔹 $ETC — ~$167 ATH $25 → $50 → $100 → $167 → $300

Imagine holding from the bottom and watching these levels approach. 🤯

Are the highest targets impossible, or could another crazy cycle surprise us all?

Pick ONE coin and ONE price target you believe is possible. 👇

Let’s see who dreams big and who says “IMPOSSIBLE!”

— ZeroHunter 🎯

Not financial advice. DYOR.

#BinanceSquare #Write2Earn #ZeroHunter #ZeroResearch
The market loves loud coins. Meanwhile some of the quietest ones are the ones people actually use every day. $BNB $751, well below its 2025 high above $1,300 $CAKE $2.24 vs a ~$44 high in 2021 $AERO $0.93, a younger coin still finding its range Long-term scenarios: $BNB: $1,000-1,400, a return toward its old highs $CAKE: $5-10 $AERO: $2-3 None of this works without fees, volume and users continuing to come back. What I’m watching: usage on the platforms behind each coin, not the price chart. Not financial advice. DYOR. #BinanceSquare #Write2Earn #BNB #ZeroHunter #ZeroResearch
The market loves loud coins. Meanwhile some of the quietest ones are the ones people actually use every day.

$BNB $751, well below its 2025 high above $1,300
$CAKE $2.24 vs a ~$44 high in 2021
$AERO $0.93, a younger coin still finding its range

Long-term scenarios:
$BNB : $1,000-1,400, a return toward its old highs
$CAKE : $5-10
$AERO : $2-3

None of this works without fees, volume and users continuing to come back.

What I’m watching: usage on the platforms behind each coin, not the price chart.

Not financial advice. DYOR.

#BinanceSquare #Write2Earn #BNB #ZeroHunter #ZeroResearch
Every cycle, some coins go quiet and people stop talking about them. The ones that held up in a downturn are often the first people remember when the market turns. $LINK $13.05 vs a ~$52 high $XRP $1.40 vs a ~$3.65 high $BAT $0.133 vs a ~$1.90 high Long-term scenarios: $LINK: $25-40, if demand for its oracle service keeps growing $XRP: $3-5, a retest of its old highs $BAT: $0.50-1, if usage picks up Holders of old coins don’t need hype. They need a reason to keep waiting, and that reason is usage, not price. What I’m watching: does the network activity behind these three keep growing while the price stays flat? Not financial advice. DYOR. #BinanceSquare #Write2Earn #ZeroHunter #ZeroResearch
Every cycle, some coins go quiet and people stop talking about them. The ones that held up in a downturn are often the first people remember when the market turns.

$LINK $13.05 vs a ~$52 high
$XRP $1.40 vs a ~$3.65 high
$BAT $0.133 vs a ~$1.90 high

Long-term scenarios:
$LINK : $25-40, if demand for its oracle service keeps growing
$XRP : $3-5, a retest of its old highs
$BAT : $0.50-1, if usage picks up

Holders of old coins don’t need hype. They need a reason to keep waiting, and that reason is usage, not price.

What I’m watching: does the network activity behind these three keep growing while the price stays flat?

Not financial advice. DYOR.

#BinanceSquare #Write2Earn #ZeroHunter #ZeroResearch
Sulaiman 零号猎人
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[Қайта ойнату] 🎙️ 🎙️ Bangla Crypto Hangout 🗣️ | No Formal Talk, Just Vibes
05 сағ 59 а 59 с · 87 рет тыңдалды
I skipped a 255 USDT watch to buy crypto. I really wanted that watch. Months of wanting it. Then one day I thought: why spend on something that only tells the time, when the same money can grow in tokens? That decision cost me about 6,500 USDT. The watch would have been cheaper. I was new, and it was the right season to be new. BTC had run after the halving. ETH, BNB, DOT, SOL, every big ecosystem was green. DOT was around 22 USDT. Nobody around me was losing money, so why would I? Every day, after family and office expenses, I converted whatever was left from BDT to USDT and bought tokens. My research was YouTube and a few KOLs on X. When one of them said "huge potential, long term," I bought. My target never changed: 10x. I ended up in almost 75 projects with about 14,000 USDT. That's roughly 187 USDT each. Too thin to follow any of them properly. I wasn't investing. I was collecting. GLMR was the one I understood best. A bridge inside Polkadot, a real use case. Even there, 69% of my money went in on the first buy. The rest I called DCA, but it was really one big bet, then five times telling myself "cheaper is better." I closed GLMR near the end of 2024, about 2,000 USDT down. Here's what I see now. A 10x target has no exit. If the price goes up, I'm right. If it goes down, I'm just "early." I could never be wrong, so I never had a reason to sell. From 14,000 USDT, I got back 7,500. What I did with that 7,500 is the next story. 10x is still my target. What changed is the order. First I write down how a token could go to zero. Then I look at how it could go up. So here's a test. Think of your biggest holding right now. Can you write down, today, the exact thing that would make you sell it? If you can't, you might not have a position. You might have a hope. I hold none of these now. NFA. #ZeroResearch #ZeroHunter #CryptoEducation $GLMR {spot}(GLMRUSDT)
I skipped a 255 USDT watch to buy crypto. I really wanted that watch.

Months of wanting it. Then one day I thought: why spend on something that only tells the time, when the same money can grow in tokens?

That decision cost me about 6,500 USDT. The watch would have been cheaper.

I was new, and it was the right season to be new. BTC had run after the halving. ETH, BNB, DOT, SOL, every big ecosystem was green. DOT was around 22 USDT. Nobody around me was losing money, so why would I?

Every day, after family and office expenses, I converted whatever was left from BDT to USDT and bought tokens.

My research was YouTube and a few KOLs on X. When one of them said "huge potential, long term," I bought. My target never changed: 10x.

I ended up in almost 75 projects with about 14,000 USDT. That's roughly 187 USDT each. Too thin to follow any of them properly. I wasn't investing. I was collecting.

GLMR was the one I understood best. A bridge inside Polkadot, a real use case. Even there, 69% of my money went in on the first buy. The rest I called DCA, but it was really one big bet, then five times telling myself "cheaper is better."

I closed GLMR near the end of 2024, about 2,000 USDT down.

Here's what I see now. A 10x target has no exit. If the price goes up, I'm right. If it goes down, I'm just "early." I could never be wrong, so I never had a reason to sell.

From 14,000 USDT, I got back 7,500. What I did with that 7,500 is the next story.

10x is still my target. What changed is the order. First I write down how a token could go to zero. Then I look at how it could go up.

So here's a test. Think of your biggest holding right now. Can you write down, today, the exact thing that would make you sell it?

If you can't, you might not have a position. You might have a hope.

I hold none of these now. NFA.

#ZeroResearch #ZeroHunter #CryptoEducation $GLMR
Sulaiman 零号猎人
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[Қайта ойнату] 🎙️ Bangla Crypto Adda 🇧🇩 | Market, Trends & Chill
01 сағ 43 а 15 с · 35 рет тыңдалды
If you hold $XLM , you probably checked the chart more than once today. 37% in a day. Stellar. RWA. That's not just a pump. That's the story you've been waiting for. And the first thought is obvious: "Finally. This is the one." I had it too. Then a quieter question showed up: When a tokenized treasury lives on Stellar, who actually gets paid? Not XLM, at least not directly. The value sits in the treasuries and stablecoins. XLM is just the road they travel on. And the fee burn is tiny, so more traffic doesn't do much for holders today. That's the part that gets mixed up: Stellar's RWA activity is growing. XLM holders benefit from it. The first can be true without the second. Then there's the exchange data. XLM moving to exchanges is up about 160%. That's not proof of selling. But it's not the confirmation I'd want right after a 37% move either. So I'm not calling XLM broken. I'm asking something simpler: did something get repriced, or did one big candle just find a very good story? What would change my mind: RWA growth that lasts longer than a day. Real, sustained demand for XLM. Fee mechanics that connect Stellar activity to the token. Until then, it's a candle I'm watching, not a thesis I'm buying. #XLM #RWA #Stellar #ZeroHunter #ZeroResearch $RLC {spot}(RLCUSDT)
If you hold $XLM , you probably checked the chart more than once today.

37% in a day. Stellar. RWA.

That's not just a pump. That's the story you've been waiting for.

And the first thought is obvious: "Finally. This is the one."

I had it too.

Then a quieter question showed up:

When a tokenized treasury lives on Stellar, who actually gets paid?

Not XLM, at least not directly. The value sits in the treasuries and stablecoins. XLM is just the road they travel on.

And the fee burn is tiny, so more traffic doesn't do much for holders today.

That's the part that gets mixed up:

Stellar's RWA activity is growing.
XLM holders benefit from it.

The first can be true without the second.

Then there's the exchange data. XLM moving to exchanges is up about 160%.

That's not proof of selling. But it's not the confirmation I'd want right after a 37% move either.

So I'm not calling XLM broken.

I'm asking something simpler: did something get repriced, or did one big candle just find a very good story?

What would change my mind:
RWA growth that lasts longer than a day.
Real, sustained demand for XLM.
Fee mechanics that connect Stellar activity to the token.

Until then, it's a candle I'm watching, not a thesis I'm buying.

#XLM #RWA #Stellar #ZeroHunter #ZeroResearch
$RLC
Every $HYPE holder gets the same thought near the 29th: "Buyback is nice… but what if the unlock is bigger?" Same. The calendar allows about $918M a month. Scary. But what actually unlocked on Sept 6 was about $40M. Buyback run-rate is roughly $79M a month, close to double that. (The new $14.58M hadn't reached the fund yet when I checked.) So the fear was aimed at the wrong number. Still, Oct 29 shows 14.2M HYPE, about $1.3B, on the calendar. If actual moves toward schedule, it flips. Not "is the buyback big enough?" but "how long does actual stay below allowed?" Not financial advice. $RAD {spot}(RADUSDT) $API3 {spot}(API3USDT) #HYPE #Hyperliquid #Buyback #ZeroHunter #ZeroResearch
Every $HYPE holder gets the same thought near the 29th:

"Buyback is nice… but what if the unlock is bigger?"

Same. The calendar allows about $918M a month. Scary.

But what actually unlocked on Sept 6 was about $40M.

Buyback run-rate is roughly $79M a month, close to double that. (The new $14.58M hadn't reached the fund yet when I checked.)

So the fear was aimed at the wrong number.

Still, Oct 29 shows 14.2M HYPE, about $1.3B, on the calendar. If actual moves toward schedule, it flips.

Not "is the buyback big enough?" but "how long does actual stay below allowed?"

Not financial advice.
$RAD
$API3
#HYPE #Hyperliquid #Buyback #ZeroHunter #ZeroResearch
Расталды
The company that clears $2 trillion a day just picked Quant. I searched the announcement for one word: $QNT Nothing. The token ran from the $60s to a spike near $373 in days. The headline felt like proof, but the middle step is missing. What we know: Quant will run the interoperability and transaction layer for The Clearing House's On-Chain Money Initiative. TCH is owned by 25 of the biggest US banks. Access opens in H1 2027. What we don't: any requirement for banks to hold QNT, any fee schedule, any burn tied to volume. Quant does have a path. Licenses are paid in fiat, and the Quant Treasury converts that into locked QNT. But Quant getting paid and QNT getting bought are two different events. The partnership is real. I'm still looking for where the money touches the token. Not financial advice. #QNT #TokenizedDeposits #CryptoResearch #ZeroHunter #ZeroResearch $ZRO {spot}(ZROUSDT) $STG {spot}(STGUSDT)
The company that clears $2 trillion a day just picked Quant.

I searched the announcement for one word: $QNT

Nothing.

The token ran from the $60s to a spike near $373 in days. The headline felt like proof, but the middle step is missing.

What we know: Quant will run the interoperability and transaction layer for The Clearing House's On-Chain Money Initiative. TCH is owned by 25 of the biggest US banks. Access opens in H1 2027.

What we don't: any requirement for banks to hold QNT, any fee schedule, any burn tied to volume.

Quant does have a path. Licenses are paid in fiat, and the Quant Treasury converts that into locked QNT. But Quant getting paid and QNT getting bought are two different events.

The partnership is real. I'm still looking for where the money touches the token.

Not financial advice.

#QNT #TokenizedDeposits #CryptoResearch #ZeroHunter #ZeroResearch
$ZRO
$STG
Расталды
$100 million went into $PLUME . Not one dollar of it bought the token. If you saw the Ether.fi headline and wondered why PLUME barely reacted, this is probably why. The money went into Nest vaults, which hold tokenized yield products. As far as I can find, PLUME's job is gas, staking and governance. I found no revenue share and no buyback. Meanwhile, the "20% float" number people still quote is the launch figure. Roughly 60% circulates now, and about 2% of total supply unlocks every month through January 2028. That's a slow drip with no revenue claim to absorb it. The usage side is real, though. RWA.xyz shows around 260,000 holders, which is rare at this size. But sources disagree on capital: Plume cited $645M at its Q3 2025 peak, while RWA.xyz showed about $177M excluding stablecoins in August. Holders stayed, and the capital may have thinned. My read: the network can win while the token doesn't. Those are two different bets, and Plume is where they're easiest to confuse. I'm watching two things. Does vault revenue ever reach PLUME, and does staking demand grow enough to absorb the monthly unlocks? Are you holding Plume for the network or for the token? #Plume #RWA #Tokenomics #ZeroHunter #ZeroResearch
$100 million went into $PLUME . Not one dollar of it bought the token.

If you saw the Ether.fi headline and wondered why PLUME barely reacted, this is probably why. The money went into Nest vaults, which hold tokenized yield products. As far as I can find, PLUME's job is gas, staking and governance. I found no revenue share and no buyback.

Meanwhile, the "20% float" number people still quote is the launch figure. Roughly 60% circulates now, and about 2% of total supply unlocks every month through January 2028. That's a slow drip with no revenue claim to absorb it.

The usage side is real, though. RWA.xyz shows around 260,000 holders, which is rare at this size. But sources disagree on capital: Plume cited $645M at its Q3 2025 peak, while RWA.xyz showed about $177M excluding stablecoins in August. Holders stayed, and the capital may have thinned.

My read: the network can win while the token doesn't. Those are two different bets, and Plume is where they're easiest to confuse.

I'm watching two things. Does vault revenue ever reach PLUME, and does staking demand grow enough to absorb the monthly unlocks?

Are you holding Plume for the network or for the token?

#Plume #RWA #Tokenomics #ZeroHunter #ZeroResearch
Расталды
If you hold $ONDO , seeing BlackRock next to Ondo feels good. Same here. But a quiet question probably crossed your mind too: "Okay… but what do I get out of it?" Fair question. BlackRock built the strategies behind Ondo's first three Intelligent Portfolios. KakaoPay Securities signed an MOU to explore tokenized Korean stocks. That's real progress for Ondo, the company. But ONDO, the token, is a governance token. It doesn't automatically capture that growth. It's like having a seat at the residents' meeting while the rent goes to the landlord. The meeting matters. It's just not the rent. Supply adds to the doubt. About half of the 10B ONDO is already unlocked, and roughly 17-19% of total supply unlocks on Jan 18, 2027. A fee switch could change the picture. But how it's built matters: revenue paid to holders, or used for buybacks? Those are two very different tokens. I'm not bearish on Ondo. The RWA growth is real. I'm just separating Ondo's success from ONDO's value capture. Another partnership won't answer that. The token design will. Not financial advice. #ONDO #RWA #Tokenization #ZeroHunter #ZeroResearch $GMX {spot}(GMXUSDT) $RAY {spot}(RAYUSDT)
If you hold $ONDO , seeing BlackRock next to Ondo feels good.

Same here. But a quiet question probably crossed your mind too:

"Okay… but what do I get out of it?"

Fair question.

BlackRock built the strategies behind Ondo's first three Intelligent Portfolios. KakaoPay Securities signed an MOU to explore tokenized Korean stocks. That's real progress for Ondo, the company.

But ONDO, the token, is a governance token. It doesn't automatically capture that growth.

It's like having a seat at the residents' meeting while the rent goes to the landlord. The meeting matters. It's just not the rent.

Supply adds to the doubt. About half of the 10B ONDO is already unlocked, and roughly 17-19% of total supply unlocks on Jan 18, 2027.

A fee switch could change the picture. But how it's built matters: revenue paid to holders, or used for buybacks? Those are two very different tokens.

I'm not bearish on Ondo. The RWA growth is real. I'm just separating Ondo's success from ONDO's value capture.

Another partnership won't answer that. The token design will.

Not financial advice.

#ONDO #RWA #Tokenization #ZeroHunter #ZeroResearch
$GMX
$RAY
Расталды
Today, 1.4 billion $ENA unlocks, about 14% of circulating supply. But Ethena already bought out the locked tokens of investors who sold after the peak. So who is selling today? And the buyback that's supposed to absorb this supply isn't running. The fee switch passed, but buybacks only start once USDe supply reaches $7.5 billion. Depending on the source, it sits around $4–5 billion. Approved and active are doing different jobs. Whoever receives tokens today is, by definition, someone who held this long. One seller wallet declined the buyout, and there's no proof the rest keep holding. But it isn't the same seller pool the chart may be bracing for. The flows disagree too. A wallet dormant for over a year sent 30 million ENA, about $7 million, to Binance. Wallets linked to Ethena were also pulling large amounts of ENA off exchanges. One looks like selling. The other doesn't. One gap I couldn't close: sources disagree on the buyback mechanics. Is it 95% of net revenue, or a tiered 5% to 20% that scales with USDe supply? I couldn't reconcile them from primary docs, and that difference is most of the mechanism's value. My read: "buyback coming" is the narrative. "Buyback running" isn't reality yet. The unlock risk is real, but smaller than the headline suggests, because the loudest sellers were removed in advance. What I'm watching: USDe supply moving toward $7.5B, and whether recipient wallets start sending to exchanges over the next few weeks. Standard Chartered's $2 target assumes USDe reaches $40B by 2028. That's a forecast of the growth the buyback needs, not evidence it's arriving. (The bigger 3.03B figure in some headlines is a different thing, still gated by Foundation consent. The 1.4B is what opens without restriction today.) A conditional buyback doesn't pay you for supply arriving today. But a buyout that already removed the sellers might. #ENA #Ethena #TokenUnlock #ZeroHunter #ZeroResearch
Today, 1.4 billion $ENA unlocks, about 14% of circulating supply. But Ethena already bought out the locked tokens of investors who sold after the peak.

So who is selling today?

And the buyback that's supposed to absorb this supply isn't running. The fee switch passed, but buybacks only start once USDe supply reaches $7.5 billion. Depending on the source, it sits around $4–5 billion. Approved and active are doing different jobs.

Whoever receives tokens today is, by definition, someone who held this long. One seller wallet declined the buyout, and there's no proof the rest keep holding. But it isn't the same seller pool the chart may be bracing for.

The flows disagree too. A wallet dormant for over a year sent 30 million ENA, about $7 million, to Binance. Wallets linked to Ethena were also pulling large amounts of ENA off exchanges. One looks like selling. The other doesn't.

One gap I couldn't close: sources disagree on the buyback mechanics. Is it 95% of net revenue, or a tiered 5% to 20% that scales with USDe supply? I couldn't reconcile them from primary docs, and that difference is most of the mechanism's value.

My read: "buyback coming" is the narrative. "Buyback running" isn't reality yet. The unlock risk is real, but smaller than the headline suggests, because the loudest sellers were removed in advance.

What I'm watching: USDe supply moving toward $7.5B, and whether recipient wallets start sending to exchanges over the next few weeks. Standard Chartered's $2 target assumes USDe reaches $40B by 2028. That's a forecast of the growth the buyback needs, not evidence it's arriving.

(The bigger 3.03B figure in some headlines is a different thing, still gated by Foundation consent. The 1.4B is what opens without restriction today.)

A conditional buyback doesn't pay you for supply arriving today. But a buyout that already removed the sellers might.

#ENA #Ethena #TokenUnlock #ZeroHunter #ZeroResearch
A $1,000 loss. $10.40 back. That's what a hack claim looks like. $SOL ecosystem's Drift lost $295.4M in April. Claims opened last week. The recovery pool: about $3.11M. That's roughly 1 cent per dollar. Victims get a token (DFX), one per dollar lost. They can: Burn it for cash now Sell it Hold it and wait Burn it, and you give up any future payout on that claim. Hold it, and you're betting more money arrives. Tether has committed up to $127.5M, but that isn't in the pool yet. Early redemptions are tiny. Maybe that's patience. Maybe most people haven't claimed yet. My read: this isn't a payout, it's a bet on how long you can wait. ✅ Stronger if the Tether money lands in the pool ⚠️ Weaker if revenue top-ups stay tiny (the first transfer was 31 USDT) Would you take the cent now, or hold the claim until 2028? Not financial advice. DYOR. #ZeroResearch #Drift #Solana #DeFi $DRIFT {future}(DRIFTUSDT) $BTC {spot}(BTCUSDT) #drifthackvictimsbeginclaims
A $1,000 loss. $10.40 back. That's what a hack claim looks like.

$SOL ecosystem's Drift lost $295.4M in April. Claims opened last week.

The recovery pool: about $3.11M. That's roughly 1 cent per dollar.

Victims get a token (DFX), one per dollar lost. They can:

Burn it for cash now
Sell it
Hold it and wait

Burn it, and you give up any future payout on that claim. Hold it, and you're betting more money arrives. Tether has committed up to $127.5M, but that isn't in the pool yet.

Early redemptions are tiny. Maybe that's patience. Maybe most people haven't claimed yet.

My read: this isn't a payout, it's a bet on how long you can wait.

✅ Stronger if the Tether money lands in the pool
⚠️ Weaker if revenue top-ups stay tiny (the first transfer was 31 USDT)

Would you take the cent now, or hold the claim until 2028?

Not financial advice. DYOR.
#ZeroResearch #Drift #Solana #DeFi
$DRIFT

$BTC
#drifthackvictimsbeginclaims
The dashboard said +$7B inflow. The real flow was outflow. 🔎 One number nearly sent me the wrong way. BTC exchange reserves are up about $7B in 30 days. That looks like coins heading to exchanges to be sold. Scary. But that's the reserve in dollars. BTC's price rose roughly 6-7% over the same period, and price pushed the dollar number up. Count the coins instead: 30-day net flow: about -27,700 BTC (outflow, roughly 1% of reserves) 7-day net flow: about -6,800 BTC Sep 22, Binance alone: about -13,600 BTC (~$1.17B), nearly half of the whole month Everyone is looking at the dollar line. I'd look at the coin count. My read: the outflow is real but modest, and much of it is one day. I'm not saying whales are buying. Coins leaving an exchange can go to self-custody, ETF custody, or just internal wallet moves. Stronger if: weekly outflows keep coming after that one big day. Wrong if: the Binance move turns out to be wallet reshuffling. Be honest: when a dashboard shows a big green number, do you check what's inside it? ⚠️ Not financial advice. Data comes from public dashboards and may differ between sources. DYOR. #BTC #Bitcoin #OnChain #ZeroResearch #DYOR
The dashboard said +$7B inflow. The real flow was outflow. 🔎

One number nearly sent me the wrong way.

BTC exchange reserves are up about $7B in 30 days. That looks like coins heading to exchanges to be sold. Scary.

But that's the reserve in dollars. BTC's price rose roughly 6-7% over the same period, and price pushed the dollar number up. Count the coins instead:

30-day net flow: about -27,700 BTC (outflow, roughly 1% of reserves)
7-day net flow: about -6,800 BTC
Sep 22, Binance alone: about -13,600 BTC (~$1.17B), nearly half of the whole month

Everyone is looking at the dollar line. I'd look at the coin count.

My read: the outflow is real but modest, and much of it is one day. I'm not saying whales are buying. Coins leaving an exchange can go to self-custody, ETF custody, or just internal wallet moves.

Stronger if: weekly outflows keep coming after that one big day.
Wrong if: the Binance move turns out to be wallet reshuffling.

Be honest: when a dashboard shows a big green number, do you check what's inside it?

⚠️ Not financial advice. Data comes from public dashboards and may differ between sources. DYOR.

#BTC #Bitcoin #OnChain #ZeroResearch #DYOR
GMTrade did $1B+ in 24 hours. It holds about $29M. 🔎 Big volume feels like proof. Something must be happening, so we assume the crowd is there. GMTrade (Solana perps, formerly GMXSOL, not the main GMX) was doing about $275M a day a week ago. Now it's over $1B. TVL stayed around $29M. Everyone is looking at the volume. I'm looking at what didn't move: the money underneath. My read: this may be incentive-driven activity, not a sudden wave of new believers. The research I found points to points and Trade-to-Mint rewards ahead of a token launch that hasn't happened yet. I can't prove that, and I'm not saying it's fake. Perps can reuse the same collateral all day. Stronger if: volume falls when rewards change. Wrong if: TVL and users rise along with volume. When you see a volume spike, do you ask who's trading, or do you just see the green candle? ⚠️ Not financial advice. Data comes from public dashboards and may differ between sources. DYOR. #GMTrade #Solana #PerpDEX #ZeroResearch #DYOR
GMTrade did $1B+ in 24 hours. It holds about $29M. 🔎

Big volume feels like proof. Something must be happening, so we assume the crowd is there.

GMTrade (Solana perps, formerly GMXSOL, not the main GMX) was doing about $275M a day a week ago. Now it's over $1B. TVL stayed around $29M.

Everyone is looking at the volume. I'm looking at what didn't move: the money underneath.

My read: this may be incentive-driven activity, not a sudden wave of new believers. The research I found points to points and Trade-to-Mint rewards ahead of a token launch that hasn't happened yet. I can't prove that, and I'm not saying it's fake. Perps can reuse the same collateral all day.

Stronger if: volume falls when rewards change.
Wrong if: TVL and users rise along with volume.

When you see a volume spike, do you ask who's trading, or do you just see the green candle?

⚠️ Not financial advice. Data comes from public dashboards and may differ between sources. DYOR.

#GMTrade #Solana #PerpDEX #ZeroResearch #DYOR
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