Now that the dust is settled

[Anonymous No.21292225]

Did we ever find out who took out the $20 million dollar short on chainlink? Was it actually Simeon? I can't even imagine how the fuck someone ever thought it would be a good idea to put such a retardedly huge sum of on the line on fucking chainlink of all things. Even weirder is how it managed to get liquidated in the first place. I remember watching the the trade history tab on goybase and watching link rapidly rising in price from like $9.50 to $11.28 and then rocketing past all the way up to the point it liquidated the same short AGAIN. How the fuck does that even happen on no news? I'm not convinced it was purely retail that pushed up the price to $11.28 and suspect that there was some big money that wanted to see whoever took that short out to get fucked.

[Anonymous No.21292253]

Wasn't it Zeus Capital?

[Anonymous No.21292284]

>>21292225
buy for 7 sel for 16

[Anonymous No.21292341]

>>21292253
Yeah that's the thing, I remember that tweet they put out saying that they had unlimited resources to "spread the truth" about chainlink. I thought the whole paper they wrote was just lifted from the fud that always gets posted by oldfags here to keep the price down. I honestly thought it was just an elaborate troll by some /biz/raeli, but seeing someone put an 8 figure short on a fucking crypto has me wondering what was really going on.
>>21292284
But who though?

[Anonymous No.21292376]

>no name llp comes out with report
>nobody refutes the report content, just call it fud
>social media calling for buyers to liquidate zeus short positions
>price then zooms to liquidate the positions
it was all theatre

[Anonymous No.21292444]

>>21292376
Didn't that fail though? I remember some retard posted a thread when LINK was trading for like $8.50 (although I could be wrong) to pump the price to liquidate Simeon at a certain time, but that failed miserably only to then actually happen like 3 days later.

[Anonymous No.21292456]

>>21292376
>theatre
as opposed to a pump on no news?

[Anonymous No.21292520]

>>21292456
I'm not crazy for thinking this was suspicious as fuck am I?

[Anonymous No.21292631]

>>21292520
no you're right, it was a pump on no news, normies do NOT have enough capital to cause that liquidation, so either this was all theatre to give and "excuse" for a pump caused by bullish insiders or some whale(s) wanted to fuck with zeus for giggles, if the latter were true i would have expected us to drop back to 7-8 $ by now, but idk mang

[Anonymous No.21292767]

>>21292631
I mean out of all the partnerships/affiliations that chainlink has, the only one I can think of that has that much money is literally google, and maybe some of the insurance firms that Sergey mentioned he was working with prior to starting development. Has Zeus Capital stopped posting? I really feel like they were just a scapegoat.

[Anonymous No.21292830]

>>21292767
users will probably get grants, whereas speculators have to buy, that's not to say that there aren't speculators among users, also speculation isn't a dirty word

[Anonymous No.21292883]

>>21292830
https://cointelegraph.com/news/chainlink-rises-15-amid-chinas-blockchain-network-launch
https://www.forbes.com/sites/billybambrough/2020/07/12/as-bitcoin-struggles-this-minor-cryptocurrency-has-soared-1000-in-just-over-12-months/#17fa926d7cf0
I never found out, but did Sergey just give the chinese the tokens? Do you think it was just some bored CCP official?

[Anonymous No.21292962]

>>21292883
the incentive wallets don't indicate large grants being moved, though i don't expect that will be the case for long

[Anonymous No.21292995]

It could unironically be a way for a whale to secure a position without fucking with liquidity on exchanges

[Anonymous No.21293056]

I am no genius and only tentatively understand what an oracle does or even is...

But from my base understanding for smart contracts particularly defi smart contracts aren't oracles used to supply prices?
And aren't shorts on Aave a type fo defi smart contract?
and aren't chainlink oracles used by Aave to supply price data for their smart contracts?

[Anonymous No.21293115]

>>21292962
>>21293056
>pic related
>>21292995
What about when coinbase disabled all LINK purchases and withdrawals became abnormally slow?

[Anonymous No.21293182]

Instead of refuting the Zeus report someone decided to take it personal and get revenge. This definitely deserves more discussion.

[Anonymous No.21293236]

didn't the market cap increase by billions of dollars?

[Anonymous No.21293268]

>>21293182
Does anyone have proof confirming that during the massive short squeeze that all LINK purchases on coinbase were coming from a binance wallet? I remember an anon mention that in a thread at the time, but never bothered to check.

[Anonymous No.21293324]

>>21293268
Or how about how all the LINK dumps since keep happening during chinese hours

[Anonymous No.21293337]

damn a lot of retards ITT

Nexo has been giving 5% interest rate on their website for LINK
meanwhile their BTC interest rate is 3%
They take 1% as their fee.

When LINK pumped hard against BTC, they were in the red. so they created the Zeus report to short it to cover their losses. So technically, they've been short since about $5, not $8 like they suggested.

They added to their positions and still got rekt.

Btw there's nothing to "refute" about the report, it's all /biz/ fud from 2017-2018. Hell in their latest report, they posted some /biz/ screenshots that probably hurt simeon's feelings.

TL;DR: gypsies got rekt, just like all the ones who tried to defy Sergey before them.

I'm sure they won't be the last.

[Anonymous No.21293400]

>>21293337

yeah, it was kinda obvious once you considered the fact that he was related to the Organovo reports and Twitter shill fake accounts came to defend Nexo etc. The telegram of Nexo is also severely moderated and you get banned for questioning shit.

I think there are some questionable shady things about the whole thing, but Occam's razor and all that.

also the recent shorts were speculated to be from both Zeus and also whales trying to accumulate without fucking with slippage in another thread a few days back.

[Anonymous No.21293443]

>>21293337
>>21293400
But why did it pump so hard in the first place?

[Anonymous No.21293455]

>>21293400
also for those thinking that is was some /biz/ 4d chess thing I highly doubt it

this was essentially the excuse Nexo team was pushing (muh we got framed), and /biz/ was the perfect fall guy for such an excuse.

The truth is that it isnt impossible for Simeon and frens to be retarded /biz/ users that shitpost in the mean time... and I believe someone once speculated the new Astro/UncleOldfag was some Eastern European shitposter

[Anonymous No.21293458]

>>21293400
>whales trying to accumulate without fucking with slippage
how does that work? cut a deal for counterparty to borrow LINK and market sell into your buys?

[Anonymous No.21293465]

>>21292225
go to google trends and search for chainlink, worldwide and see last 5 years and last 90 days. There you will find your answer

And ye, it was retail. Im starting to shill it to friends and famoly now that is confirmed that (((they))) want link as the backbone of the 4th industrial revolution

[Anonymous No.21293492]

>>21293443
i got no idea man,

i did do research into the whole thing. Simeon's story was entirely suspicious, damage control was off the charts, Nexo's business model is unironically sloppy (just see their promised dividends vs actual payout)

Could there be something else going on? I don't doubt it, but speculation like this tends to muddy the water if anything else.

[Anonymous No.21293510]

>>21293455
>Astro/UncleOldfag was some Eastern European shitposter

yeah, he also posted about the report claiming it was him but could be shitposting for all we know

[Anonymous No.21293518]

>>21293458

>Be whale
>Get $6M worth of Link from AAVE
>Put $8M worth of collateral
>Let the links sit in a wallet
>Wait for liquidation or provoque It
>Liquidation happens
>Disregard worthless collateral, get huge amount of Links with little slippage

>When you get liquidated, you are forced to buy the amount of link you had betted against, for the market price LINK is at when you get liquidated.
That means that they end up "having" to buy whatever amount of LINK their bet was for, with LINK supplied by private wallets that decide to supply LINK for the liquidation.

This way, they can get multiple millions worth of LINK at once, without having to market-buy and accidentally causing a pump in the process, on top of getting to buy all of that LINK for a single pre-selected price, instead of the price going up the more they try to buy it.

This was what I remembered they wrote on the thread.

[Anonymous No.21293520]

>>21292631
Someone brought up a very intriguing conspiracy, regarding a massive Link purchase but not wanting to set off the market. Getting liquidated on a short means you’re buying a fuck ton of link at a certain price. Much more reliable than market buying a few mil worth? Maybe. Idk my schizo brain wasn’t all there but it was a interesting take.

[Anonymous No.21293524]

>>21293510
the tone of the report was identical to uncleoldfag

[Anonymous No.21293561]

>>21293518
Damn so Simeon is actually a genius??
Hmmmmmmm....This is an interesting turn of events....great thread

[Anonymous No.21293611]

>>21293520
my personal take was that there were lots of things going on at the same time, namely

>institutions supressing LINK
>some whales doing some 200iq move via shorts on AAVE to accumulate LINK
>Simeon and Nexo being forced into shorting LINK and publishing report due to price appreciation and their business model

I dont see it as a grand connected high iq conspiracy, just that it was an entirely chaotic time with many different players moving in their own goals, which just led to LINK mooning

[Anonymous No.21293614]

>>21293115
Lol before they disabled purchases it was stuck at 11.78 for a while, I bought 1k even though that was still kind of high but it was already 13.50 on binance so I went for it. Sold it back to them later that day at 14.20, free money

[Anonymous No.21293615]

>>21293518
That's fucking spooky.
>>21293561
I don't think it was Simeon. How the fuck are the Chinese running those 125 nodes they set up last month?

[Anonymous No.21293644]

>>21293561

warosu.org/biz/20574673

I actually think that Simeon and frens were forced to play their hand, you can refer to this thread mane.

[Anonymous No.21293653]

>>21293518
>>21293611
This is the first time I'm reading about the whale intentional liquidation shit and it makes a lot of sense but I don't think it was Simeon and Nexo who did that. They were just trying to not go bankrupt

[Anonymous No.21293667]

>>21293518
>they can get multiple millions worth of LINK at once
>getting to buy all of that LINK for a single pre-selected price, instead of the price going up the more they try to buy it.
i may be misunderstanding something but i have 2 issues with this
1) doesn't the LINK purchased via liquidation go directly back to the debt pool? it's not like the shorter gets to keep those LINK
2)it doesn't make sense to buy at liquidation to "avoid causing huge upward slippage" if to cause the liquidation large upwards slippage needs to happen anyway!

[Anonymous No.21293753]

>>21293667
>>21293518
nvm, i think i get it, very strange

[Anonymous No.21293757]

>>21293644
I might just be a retard, but that doesn't go directly to a thread, fren

[Anonymous No.21293807]

>>21293757
yeah i fucked up fren,

try this one
warosu.org/biz/thread/20574673

[Anonymous No.21293826]

It could have been Framework Ventures that pomped it to liquidate. AFAIK they have a very sizeable LINK stack and the shorts liq price was public knowledge...
VCs having a bit of fun, making some money, and throwing us a bone all at once?

[Anonymous No.21293883]

>>21293465
That it's mostly concentrated in the world's financial capitals?

[Anonymous No.21293966]

>>21293807
Thanks man, kinda feeling spooked.

[Anonymous No.21293982]

>>21293337
Sloppy Job, Simeon

[Anonymous No.21294042]

>>21292995
Dingdingding

[Anonymous No.21294214]

>>21293614
Did the purchase actually go through for that price?

[Anonymous No.21294560]

"sn"

[Anonymous No.21294624]

>>21292225
>no news
BSN China, T-Mobile running a Chainlink node, four top Korean banks becoming Chainlink data providers.

This is just a highly abridged list of Chainlink-related news from recent weeks.
You absolute retard.

[Anonymous No.21294644]

>>21292225
Yes, it was confirmed beyond any shadow of a doubt that it was Nexo that did it, and it was because they sold LINK from their clients and became insolvent when it pumped. We don't know yet if their scheme was successful enough to save them or not. Liquidation means nothing since they can just choose to keep the rebought LINK, not pay back AAVE and lose nothing. Indeed, they would win from that if they believe LINK will go up.
Also, the liquidation only started at that price and is just over 50% done, as Aave uses overcollateralized loans with gradual liquidation as the loan health falls. If we pump to ATH it's going to moon out with that fuel again.

[Anonymous No.21294683]

>>21292456
>>21292520
>>21292631
>no news

See >>21294624
mouthbreathers.

[Anonymous No.21294747]

>>21293182
>>21292376
>hurrrr refute

Yeah, let's take the time to "refute" a collage of the same old /biz/ fud from 2018.
Starting with the fact that Chainlink is still "on testnet" lmao.

[Anonymous No.21294846]

>>21294644
Checked
Thanks

[Anonymous No.21294961]

>>21293443
See >>21294624

[Anonymous No.21295019]

>>21294683
I don't recall any of that coming out on the day of the big pump. If anything, those caused dumps directly after each of those were released for whatever reason. Retail waits to pump right when some mega whale took out a mega short on LINK? You don't find that at all suspicious?

[Anonymous No.21295379]

>>21295019
Sometimes big news has an immediate effect, but often the effect is delayed.

Sometimes there's even a mix of the two, like when BSN was finally confirmed and Link started mooning immediately, to be quashed by a big BTC dump the next day, only to resume the pump a few days later.

Don't forget Chainlink is still very much in price discovery ever since breaching $5.
This is all uncharted territory, and the pump fuel just keeps coming.

Also, the Provide/Coca Cola thing on August 3.