Group chat summary the overall market one ️⃣ Expectations for a market rebound in Q1 next year (discussed by 2 people) -Background: A group member asked if the recent "feeling of excitement" in the altcoin market is due to the expectation that the market may rebound in the first quarter of next year. -Viewpoint: A group member clearly stated that "I think there is a high probability of a rebound in Q1 next year", expressing an optimistic view of the short-term future market. transaction one ️⃣ Discussion on Arthur Hayes' Call to Order Mode (3-Person Discussion) -Background: A group member mentioned his previous experience participating in Pendle and ZEC, observing that he exhibited shipping behavior on the chain after placing orders. -Viewpoint: Group members believe that this model is a combination of high-level orders and shipments, and they mentioned that their current discussion about ENA may also stem from their own token being about to be unlocked, so they need to be vigilant. two ️⃣ Palifica platform LIT pre market contract trading and high funding rates (discussed by multiple people) -Background: Group members are trading LIT pre market perpetual contracts on Pacifica and have observed extremely high funding rates. -Viewpoint: The funding rate once reached as high as 10k% (annualized), causing long holders to pay huge fees. Some group members claimed that they were charged $188 for 2 hours. Some people believe that this is a design flaw or market manipulation, which is not conducive to establishing a healthy market. Some people also point out that high fees may attract arbitrage or lead to liquidation due to funding costs. three ️⃣ LIT pre market price anchoring and market consensus (multi person discussion) -Background: LIT's trading price in the pre market (corresponding to approximately $3 billion FDV) has become an anchor point for group discussions. -Viewpoint: Some argue that predicting market prices can lead to anchoring bias, but trading should be based on market conditions rather than individual expectations. It is expected that LIT will form a healthy bottom at $2-2.5 billion FDV after its official launch, and it is anticipated that maximizers of Hyperliquid (HL) will aggressively short, resulting in abnormally high selling pressure. project one ️⃣ Cross chain integration technology between NEAR and Solana (discussed by 2 people) -Background: It is reported that NEAR tokens can now be traded on Solana through native integration, and details of the cross chain technology used are being inquired. -Viewpoint: The discussion began with sharing technical news, followed by specific inquiries from group members about the bridging or casting technology used in the integration. two ️⃣ The current situation and doubts of L2 track (discussed by 3 people) -Background: Group members have raised questions about the current price performance and significance of Layer2 tokens. -Viewpoint: Some group members pointed out that "which L2 series is not worth a damn" and questioned its value, believing that "mainnet is cheaper than L2 coin withdrawal". Another group member believes that certain L2 projects (such as prep dex) are difficult to short sell due to serious insider information. airdrop one ️⃣ Lighter project token trends and airdrop expectations (discussed by 5 people) -Background: A group member forwarded a message stating that Lighter has moved 25% of its LIT tokens, implying a possible 25% airdrop, and Polymarket predicts its TGE valuation to exceed $4 billion. -Viewpoint: There are doubts about whether the airdrop ratio is 25% or 30%, and based on this, calculate the value of each point. Most people expect the valuation of TGE to be between $4 billion and $7 billion, but are concerned that if it is only distributed at 25%, a higher valuation will be required to achieve the expected earnings per point (such as $80-100). Some group members believe that if the platform is solid, it should continue to be used. Chat one ️⃣ Major security incident: $50 million USDT address poisoning attack (discussed by 3 people) -Background: In the past 24 hours, a $50 million USDT address poisoning theft case occurred, and a detailed description was given of a case where a user lost a huge amount of money due to a dust attack. -Viewpoint: Group members believe that this is a user operation error and point out that the Rabby wallet should have issued a warning; Another group of friends lamented that having so much capital would still fall into a simple dust attack trap. two ️⃣ Recent TGE project performance and market environment (discussed by 2 people) -Background: Group members mentioned that TGE projects in the past month have generally performed poorly. -Viewpoint: Except for the Aster project, other recent TGE projects have been "only falling and not rising". This has raised concerns about the future performance of LIT, but some group members believe that Lighter will be different and expect its price chart to rise like a 'Christmas tree'. three ️⃣ Vitalik's sale of multiple tokens attracts attention (discussed by 2 people) -Background: According to Lookonchain monitoring, Vitalik Buterin has sold tokens such as KNC, STRAYDOG, and MUZZ in the past two days. -Viewpoint: Group members shared the message and some joked that Vitalik was "selling coins on site to make money", while others sarcastically referred to it as "V God's high-profile increase in Ethereum holdings". four ️⃣ Current situation in SBF prison (discussed by 2 people) -Background: The New York Times reported that SBF provides legal advice to other prisoners in prison. -Viewpoint: Group members shared the message and some joked about the abundance of talents in the prison, while others compared it to CZ.