Crypto Twitter was on fire last week. Market cycles discussion, Elon drama, SBF indictment, failed Shibarium launch - this roundup covers it all.
Gm,
Pumps and dumps are part and parcel of crypto. Last week, the market took a big dump on all short-term bullas. But there was also some pumping going on.
Although maybe not the kind you expect…
Whose Threads Are a Must-Read?
The thread section pumped hard thanks to more excellent content. Javier Ang covered the state of crypto in Japan in this thread:
Unlike in the US, there’s a clear regulatory framework and a national strategy for crypto in Japan. Keep an eye on this one.
Read also: The State of Crypto in Asia
There is one topic that received particularly much attention from threadors last week: crypto market cycles.
Kevin Kelly took a chart-based look at market cycles in this thread:
He identified how predictably repeatable the market cycles in crypto have been. If history repeats, we can expect another bull peak in Q4 2025. Fingers crossed…
The DefiEdge wrote a massive explainer post on the four phases of a bull market here:
Good thing there’s DeFiIgnas doing the hard work for us with his TLDR of this mammoth post:
Very noteworthy posts that you should bookmark.
The bear market of last week’s market cycle came right before the weekend when Bitcoin and the rest of the market took a big ol’ fashioned dump.
Why did that happen?
That’s what Inmortalcrypto looked at here:
Read also: Why Is Bitcoin Down Today?
Elon Building X
Elon continues making enemies with his latest idea to remove the Block feature on Twitter. Even Community Notes did not back him up on this one:
If Elon continues like this, it soon might really be so over for him:
The quote tweets:
Oof meter in the red zone!
Talk of the Town
The talk of the town last week was Sam Bankman-Fried and the indictment that’s supposed to put him behind bars:
SBF got liquidated as hard as Bitcoin longs last week. Funny enough, the dump leveled the most liquidity since FTX collapsed:
There was some FUD around Elon dumping BTC via Space X as well (Elon is really trying to be the main character everywhere, isn’t he?). But that got community noted real quick:
But someone else was down even worse than BTC or Elon. We’re talking about the L2 to dominate all L2s, of course. Or is it the L1 to dominate all L1s?
Either way, the Shibarium launch did not go so well:
Are ya winning son?
Not if you longed SHIB. But yes if you longed various influencers on friend.tech. The app is still the shit on Crypto Twitter:
It’s also a testament to how the heel-face turn happens more quickly in crypto than in WWE:
A token that effortlessly turns from the face (good guys) to heel (bad guys) and back within days is RLB. Rollbit launched their latest product (the Degen Exchange) last week, but someone still keeps dumping:
Still face or already heel?
Rollbit probably has some main character energy left in the tank. Stay tuned.
Memes
The state of investors on friend.tech:
Next week we get a pump or a dump?
It won’t be boring either way. See you then!
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap. CoinMarketCap is not responsible for the success or authenticity of any project, we aim to act as a neutral informational resource for end-users.
