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Wazz Profile picture
@WazzCrypto
Sep 15 • 1 tweets • 1 min read • Read on X
Much clearer with this data from Hello Moon

Of the 5M "DAU's", 4.5M hold 0 $SOL (green bar), which indicates that they are single use generated wallets used by volume/washtrading bots

Notice the sharp rise at the end of August.



h/t @WelfBrandolf hellomoon.io/solana

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More from @WazzCrypto

Wazz Profile picture
Oct 9
This is bearish for memecoins

Gotbit was one of the biggest marketmaker for memes responsible for propping up dozens of cabal memes and scamcoins

Will be a lot harder to push memes without crime
Here are some examples
Don't forget the water, tea, beer scam coins
Read 7 tweets
Wazz Profile picture
Sep 14
Wonder why Solana daily active addresses are skyrocketing past month?

Seems like new washtrading/volume bots are getting smarter, instead of doing 300K txs on like 5 wallets, they are now rotating wallets, even after just 1 tx sometimes

300K txs -> 300K "daily active addresses"
Image
Example 1:

300K Txs on a 80K mcap, volume bots turn on at random times, queue hundreds of TXs from new "clean wallets"

180K makers aka 180K different wallets buying -> 180K new "daily active addresses " Image
If u check each wallet their only tx history is 2 txs, receiving funds from a script and buying $0.001 of the token Image
Read 7 tweets
Wazz Profile picture
Aug 29
Solana Total Fees and Jito tips are down 50%+ since Justin Sun copied pumpfun on Tron

Seems like many degens grew tired of the sol casino and moved on to the tron casino Image
I'd say Solana shitcoin casino moat is now much smaller, as most of the infra (bots/snipers) are already multichain/offer chain abstraction so entry level to gambling on another chain is much lower than before

ie: Image
Keep in mind like 80%+ of the fees generated on Solana are priority fees/MEV tips

If most of the gamblers move, these will gravitate to $0

They're also highly skewed by bots, I'd say tx/prio fees from bots probably have a 100x disparity than from normal users

Avg fee for photon/bullx/bonkbot is like $1-2+, Avg user fee is much lowerImage
Read 4 tweets
Wazz Profile picture
Sep 15, 2023
Lmao, did Mark Cuban's wallet just get drained?

Wallet inactive for 160 days and all assets just moved Image
New wallet sent 0.1 $ETH back for gas to transfer some other tokens left. And then transfered all gas back again

Not sure what to make of this. But very sus behaviour Image
He transfered $2M $USDC he had on Matic too, but to a different wallet than the $ETH one

Seeing as he made a test tx first this time, Im gonna assume it's actually him moving funds here. Image
Read 6 tweets
Wazz Profile picture
Sep 11, 2023
Milady devs attempting extorsion and getting sued by other devs on 9/11 wasn't on my bingo card

docs.remilia.org/lawsuit.pdf
The conspiracy goes deeper guys...

Milady Founder is literally a Fed working at Palantir Image
Same (very uncommon) name, work history in nevada, IT background, working remote

All checks out Image
Read 6 tweets
Wazz Profile picture
Jun 25, 2023
This one is a spicy account of one of the biggest FRAUDS in crypto EVER, that rarely gets talked about in the media, while its authors roam free

How $WAVES , @viresfinance and @sasha35625 Rugged users NOT 1, NOT 2, but SEVEN TIMES on their SCAM Chain, a thread 👇

1/
Rug #1:

@viresfinance was launched in 2021 and quickly became the major $WAVES money market, attracted nearly $2B of capital at its height

Everyone was still coming off the crazy yield farming days and the yield offered was very attractive, looked like a decent opportunity

2/
What was going in the background was far more serious. It turns out that someone was behind the scenes borrowing all $USDT / $USDC on chain with $USDN collateral (their algo stable) , and consequently sending it to exchanges to buy $WAVES and pump the price

3/



Read 14 tweets

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