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@DefiIgnas This is crazy

@DefiIgnas dodging that bullet is the real win here because that pivot to memes really burned anyone still holding utility

@DefiIgnas That pivot was brutal to watch honestly glad you exited when you did

@DefiIgnas Hard truth, every bag carries shutdown risk now.

@DefiIgnas flat all day then just walks off the cliff like wile e coyote realizing there was never a floor

@DefiIgnas Risk is real in DeFi

@DefiIgnas Crazy dump, holders bites the dust again

@DefiIgnas down 84% is rough but the token shutting down isnt new info from this news that risk was always there when they pivoted to memecoins instead of perps

@DefiIgnas lotta token teams shutting down lately. probably a decent bet that nearly every exchange outside of the big dawgs might shut down.

@DefiIgnas hard to run a real product when everyone just wants high risk trash

@DefiIgnas Solana is absolutely great in being against the thing that’s en vogue

@DefiIgnas Rough reminder

@DefiIgnas 84% is rough but shutting down isn’t the only outcome plenty of projects pivot or get acquired

@DefiIgnas Perps season got front run by the casino again

@DefiIgnas But if the token was called FAP instead of FAF, it would be up 2000x right now because CT is special

@DefiIgnas A good reminder that narratives change fast, risk management always comes first.

@DefiIgnas Soylana stays a shitcoin dumpster forever.

@DefiIgnas Idk if it's just me or is Solana perps dead?

@DefiIgnas Imagine been 50x short here Generation relaxation will scream your name

@DefiIgnas Perps season was just the casino wearing a suit lol

@DefiIgnas One day you’ll realise Solana is not a serious chain

@DefiIgnas Lets be honest this was never doing to be successful.

@DefiIgnas solana really said perps szn is canceled back to the trenches we go

@DefiIgnas Exit liquidity I know this feeling

@DefiIgnas this is why position sizing matters

@DefiIgnas manlets in disbelief x.com/vibhu/status/20855843758…

@DefiIgnas Went thought this with 3 projects recently. If a Solana Perps project (One of Crypto hot metas and Eco) is closing down it tell everthing you need to know.

@DefiIgnas Fartcoin won't shut down

@DefiIgnas once Bitcoin announces they’re winding down we’re really screwed

@DefiIgnas @FlashTrade is a high quality team. Looking forward to what they build next.

@DefiIgnas the honest answer is that solana's market fluctuations are a symptom of its inability to separate genuine adoption from hype-fueled speculation most investors get burned when they don't see a clear use case beyond marketing buzz

@DefiIgnas Dodged that bullet but the memecoin pivot still hurts.

@DefiIgnas Damn Flash has been great to me and i think the team really cared. Definitely not a platform carrying the gambling shitcoins though which is where we are heading.

@DefiIgnas Yes for a decent perp venue to close shop is a sad state of market affairs.

@DefiIgnas Looking into this, will see if there is some way gmtrade can create at least partial relief for the holders.

@DefiIgnas I cant believe how difficult it is to execute a proper perp on this damn network, what's really the challenge and is there any hope for anything here? @bulktrade or what, I dont even know what perp can survive on sol anymore ><

@DefiIgnas unexpected but not bad at all

@DefiIgnas Why use perps on Solana? Exploits over and over, few assets to trade, Solana fees still too high bc of rent fee and delegation structure. I moved to hyperliquid a long time ago and it's way better than any Solana perp platform I had tried. Zeta markets, Drift, FT... just grim.

@DefiIgnas Too many “potential” or “good” projects on Solana are dead in 2026. 🙀

@DefiIgnas x.com/sipacapital/status/20773…

@DefiIgnas Turn that memecoin chain off already =(

@DefiIgnas Nothing like finding out your “beta play” was actually a venture-backed obituary.

@DefiIgnas Feels like one of the most underpriced risks in crypto. People price volatility, but not existential risk. In some cases, you're not holding a drawdown - you're holding a potential zero.

@DefiIgnas Shutdown risk is equity-like, but tokens rarely price it with equity-style disclosure. Teams should publish runway, fee coverage, acquisition terms and wind-down waterfalls; otherwise holders discover solvency only after liquidity disappears.

@DefiIgnas „you now have to consider that the token you hold might shut down“ so… nothing has changed - welcome to DeFi, are you new here? 😂 grüezi woll x.com/groovinmon/status/208621…

@DefiIgnas > have to consider that the token you hold might shut down. That’s called investment