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Post is by: obolli and the url/text [ ](https://goo.gl/GP6ppk)is: https://wangr.com/blackfriday My biggest take-away up front, Trumps post didn’t cause the dump, it accelerated it. A few mini black swans had already happened 90 minutes before. XRP and a few others already experienced extreme trading volatility way before. It seems like USDe was already being taken advantage of and the full crash did not happen until way after. Deleveraging was crazy but in the early movers it was much less than in others. About \~90 minutes before the main flush, you can see the early warning signs on the dashboard: **breadth** (how many coins are down in the *same* minute) flips over 50%, small caps start bleeding first, and the “domino” curve (≥5% in any 10 minutes) begins to climb. volatility picks up. this isn’t one or two coins — it’s the board turning red together. If you followed the pump and dump charts findings that you will see that the flags would have triggered nearly market wide almost an hour before the dump. Interestingly, after that, just like in all the dumps we have seen on binance, there’s a short quiet patch. A calm before the storm. Look at the pump and dump charts of the past year. This happens in nearly all dumps, over 72% of them have this pattern over the past 12 months. 20 minutes of quiet. Then Trump tweets, almost 9 minutes until the full domino effect The **heat maps** go near-solid orange (see the chart, you can see some of the early leaders have 99% sellers for minutes), the **taker-sell** bars (people hitting “sell now”) spike, and **breadth** pushes to the top, roughly **98–99%** of listed pairs down in the same minute at the peak. that’s what panic looks like when you measure it. **de-leveraging** shows up in the futures data (open interest rolls over and keeps bleeding for more than an hour), and thin order books magnify every shove. the **domino** panel makes it obvious: a huge chunk of the market hits fast 10-minute drops (you’ll see the slices for ≥10%, ≥20%, ≥30%, ≥40%, ≥50%). it’s cross-market fast, interestingly the ones that rocked hard in the minutes before trumps tweet did not get liquidated at all (well almost, comparatively speaking). These are leaders that had 1 minute candle in the 90 minutes before that is stronger than any downward candle during the crash. **important:** the **USDe / wBETH / BNSOL** stuff came *after* the main flush. the de-peg panel is shaded for the compensation window. \- you can see those prints land *after* the breadth apex. that matters: the move started first, the collateral pricing mess poured gas on it later. if you were using those assets as margin, the local prints nuked your collateral value and forced more selling. This was free money, this is free money, everywhere. But it was hard to take advantage of, I share a screenshot in the dashboard. And you can visualize just the spread between the dexes. I found order books that were 3 ticks thin. The **parity** charts show cross-exchange gaps (especially in ETH and SOL) and wrapped-to-underlying discounts in the chaos. some were real, tradable windows; many were seconds-long and tiny-size only. the point isn’t “free money,” it’s that liquidity disappeared and the same coin didn’t have the same price everywhere for a bit. the whole clip walks through this in order: • early warning (breadth ≥50%) • short calm • DJT does DJT → majors sweep (heat map goes full red) • deleveraging tail (open interest down, liquidations where you add them) • de-pegs in the compensation window (after the peak) • spreads and odd prints (why books felt “empty”) Play with it here: [https://wangr.com/blackfriday](https://wangr.com/blackfriday) I’ll make a full detailed writeup later and send it out on the newsletter with other updates. PS: The pump and dump on chain data now has BNB and SOL Tokens. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
The other day i saw that binance has BNSOL which is like a palceholder for your staked SOL. Didnt participated yet, but seems like you can earn some good% because you get double rewards (1.staked SOL, 2. holding BNSOL which should increase in value against SOL over time). Again i havent looked into it too much.
Binance wrapped ETH and SOL are very clever. Instead of staking ETH and SOL, you buy their WBETH and BNSOL instead, which has ETH and SOL as staked collateral, and have staking reward baked into the price. Fo example if ETH is at $3K now, WBETH will be at $3.25K, the difference is the accumulated staking reward since the start of WBETH creation. This way your WBETH or BNSOL appreciate in value from staking but can still trade them, say for quick money or selling the top, without needing to wait for unstaking period. Genius.