As of December 14, 2025, it’s been 65 days since October 10th. We get $100-700M of liquidations on the back on no news and extreme choppy conditions since then and this isn’t a coincidence or a nothing burger. These are the ‘bodies’ that we know about from 10/10 so far: ABC, a top hyperliquid MM (handing 25% of its volume) lost over $35M, erasing over 75% of the account. CyantArb was forced to close a ~$100M position, resulting in $18-19M in losses. Selini Capital, a hedge fund with MM ops saw three positions liquidated totalling in $50-70M. It was among the top losses on HL. Wintermute experienced heavy losses due to ADLing from Binance, and total losses are still unknown. Probably around 30% of MM funds in the market was wiped out on this day. The ones listed are the ones I have heard about, but there is 100% some Chinese and other US based MM’s who have experienced losses we don’t even know about on size, and we may never know the full story. MM’s like the ones mentioned above begin to actively withdraw liq to protect themselves, resulting in the thinner books and the PA we are now currently seeing. Binance’s internal or affiliated MMs stopped defending prices leading to a book with no bids or walls, all leading to an easily manipulated book resulting in c.h.o.p. Signs of recovery will be positive bid/ask ratios, narrowing trading spreads will show MMs are back to competing more aggressively alongside increased overall volume will be a good sign MM’s are back to some degree. In general, less choppy conditions. Fewer liquidity hunts, fewer flash crashes, and MMs back to defending key levels again, both sides. You shouldn’t feel forced to trade this market, if you are struggling to trade this chop, take a step back. Most traders I hear struggling in this market is due taking trades due to boredom. The ability to do nothing is a far greater task then people imagine. My advice would be to try and find cool things people are building, CT native people. They are building cool shit, it’s under your nose built by the people in this space. Go give their products a whirl.

Name & Symbol: MOMOFUN ($MM)
Address: 0xa5346f91a767b89a0363a4309c8e6c5adc0c4a59

Which RWA coin will outperform in 2026? https://t.co/Hu0Twcqb35

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

Hey guys i bought some Aster today! please ignore the fact that i own 90% of it already and im the only active trader on it! https://t.co/MSjPSOgQly

Name & Symbol: Aster ($ASTER)
Address: 0x000ae314e2a2172a039b26378814c252734f556a

RWAs migration ($500mil to Avalanche). Impressive to see this kind of capital move seamlessly across chains. 👀

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

Which RWA project do you trust the most right now? 🤔 https://t.co/ykJQTELuch

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

S&P Global is excited to announce plans to expand its S&P Dow Jones Indices crypto index offering with the launch of the S&P Digital Markets 50 Index. Dinari, a leading provider of tokenized U.S. public securities has licensed the new index to create a #token tracking the benchmark. The index is designed to track a wide range of companies and digital assets connected to the #crypto ecosystem, combining cryptocurrencies and publicly traded crypto-linked equities into one index.    Read the full press release here >> https://t.co/NAmTomDzai

Name & Symbol: TokenFi ($TOKEN)
Address: 0x4507cef57c46789ef8d1a19ea45f4216bae2b528

$aster

Name & Symbol: Aster ($ASTER)
Address: 0x000ae314e2a2172a039b26378814c252734f556a

Gut says Aster topped

Name & Symbol: Aster ($ASTER)
Address: 0x000ae314e2a2172a039b26378814c252734f556a

Fartcoin? Layer 3's? DeFi? You must have hit your head pretty bad bro. Come inside, the LAN party is starting! https://t.co/N83cbTTJ5b

Name & Symbol: Fartcoin ($Fartcoin)
Address: 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump

Pump fun’s fun pump bodes well for a certain other streaming and token launching arena

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

You’re about to see RWA, commodities (energy etc like ovpp), AI, robotics and gaming get so hot you think money is no longer real. The narrative that crypto is going to change every sector is here and the bubble it will create will destroy planet. Glory. Fucking. Glory.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

overall, my bias is to be open minded when someone DMs me. Kim Jong Un reached out and said he was interested in onboarding people to zora. I told him he had a bad rap, bad actors aren’t tolerated on base, and he’d need to demonstrate positive impact. I was also willing to hear him out. - I connected him to jacob with an explicit warning - before they actually met, sahil "onboarded" Lazarus Group, and jacob moved too quickly to amplify - less than an hour later Lazarus Group revealed that he was in fact lying and a bad actor and zora removed the profile

Name & Symbol: Zora ($ZORA)
Address: 0x1111111111166b7fe7bd91427724b487980afc69

Which #SoFi app has the better community & product? $ARENA on #AVAX or $ZORA on #BASE ? https://t.co/jcyMDmm1nJ

Name & Symbol: Zora ($ZORA)
Address: 0x1111111111166b7fe7bd91427724b487980afc69

⚡️ LATEST: 🇰🇷South Korea passes major tokenized securities law - banks can now tokenize bonds, stocks & private equity on blockchain. Asia dominating RWA 🚀 https://t.co/YV4p3phPJQ

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e