Multichain Journal

Still holding most of my bags. Don't see much point in selling here, imho. Only $W1 has done well over the last few days and is now hovering around ATH. Everything else is down bad. But I still think that if the market comes back, RH will come back with it. Hopefully the teams that stuck around and kept building will get rewarded. I've sold too many bottoms in my crypto career already.

Still chilling IRL and waiting for a better market. I've talked about this often, but I'll keep repeating this lesson: Learn when to wait and do nothing. Watch the market or hang out in TGs if you enjoy it, but keep trading to a minimum. Sometimes it's better to sit it out completely. Personally, I know I can't stare at charts for hours without eventually wanting to trade. That's why I go 100% IRL during these periods, with quick daily checks to see if anything has changed. Otherwise I'd end up overtrading and making mistakes out of boredom. Learned that lesson the hard way more than once.

I know these are boring takes. But this is exactly where so many degens struggle and lose their money. They make money when the market is fun, then give it back during the boring, low-volume days. They ignore the warnings, see some KOL posting a fake PnL screenshot and think they should still be printing too. So they keep forcing trades when there’s barely anything worth trading. Being able to step back and do absolutely nothing is a skill. Sitting on your hands sounds easy until you’re bored, your bags are bleeding and someone on the timeline is claiming they made another 100k. Many degens learned this lesson the hard way. Me included, more than once sadly.

And if you need to hear this: I think EVERY single RH bag I’m holding is down bad. Not one is anywhere near ATH. Most are down 80% or more. At these levels, I struggle to see the point in selling. I still feel the upside is bigger than what’s left to lose, but every day they keep slowly bleeding. Being down this much doesn’t automatically make that thesis right either. So if you’re struggling rn, you’re not alone. But at least I’m protecting the main part of my capital instead of throwing it into this market too ;) That’s what risk management, and especially emotional management, is about. Taking losses hurts. The urge to make it all back can do even more damage. Maybe you want to revenge trade. Maybe you feel like you HAVE to make money today. But some markets just don’t give you an edge. Forcing trades won’t create one. Sometimes you just have to wait it out.

If anyone needs to talk, feels down or just wants to vent, my DMs are always open. I’ll probably stay mostly quiet while the market sucks and my port bleeds. But I’m still around. The key right now is to survive. Don’t blow your port trying to force something out of this market. Keep enough left to be ready when things change. Ngl, this whole timeline feels unreal. I have no idea what comes next, and I won’t pretend otherwise. For now, my focus is on preserving capital and waiting. Adapting has always been one of my strengths, and I’ll do it again. I don’t need to know the direction today. I need to be ready to recognize it and act when there’s an opportunity. Until then, take care of yourselves. The market is already rough enough without having to deal with it alone.

Scary timeline. I've never been a fan of predicting the future. I've always tried to adapt to the market in front of me. But rn, it feels like the risks are everywhere. Wallets getting hacked, websites and even banks at risk. Crazy times. So I'll do what I've always done in times like these. Nothing. Just wait. However long it takes. Days, weeks, months. I'll be back when we can print money again. Until then, survive pls.

Won’t be very active until I see some action. At least it feels like most coins have bottomed for now, but there’s barely any volume or upside momentum. $SLEUTH is seeing some price action today, but otherwise I can’t remember the last time the market felt this dry. See you in a better market. Holding everything here. Don’t see much point in selling projects while their teams are still building.

One more thing. Sometimes this market is brutal. You lose money, nothing makes sense, and everyone around you seems to be printing. It’s easy to forget how much you’re not seeing behind those screenshots. If you ever feel down, don’t hesitate to DM me. From personal experience, it can help a ton just to talk to genuine people. About the losses, the frustration, and all the other shit that gets us down. I’ve been there so many times. Luckily, over time I’ve built a circle of real people who’ve helped me through those moments, and I’m grateful for that. Happy to be that person for someone else too.

https://x.com/MerrymenAI/status/2110753972252524727 I still can’t wrap my head around how much $MERRYMEN has shipped. Update after update, and now they’re even announcing their own LLM. Like, WTF? And this is still at roughly $400k MC? Meanwhile, AUTON went to around $10m with a shiny UI, while my dumb bots just kept losing money. I tested it myself. That’s what makes this shit so frustrating. Seeing what gets attention and what gets ignored. I’m not buying any new coins or adding more “conviction plays” until the ones I already hold reach market caps I think they deserve.

Been touching grass for a while now. No need to force posts or grind the trenches when volume is down bad and so are all my RH bags. Just logging off and waiting for better days. No need to spend hours in the trenches hoping to catch a 10k to 50k runner.

$MERRYMEN added a group chat where the agents talk to each other 😂 My agent finally started trading too. There are sooo many settings that it’s a bit overwhelming at first, but it’s pretty cool being able to make it YOUR agent. And the Telegram integration is wild. I added my agent’s connected TG bot to my private group, and I can ask it about the FOMO leaderboard and what those traders are trading. Tried it myself, right in my private chat. Still exploring everything it can do, but so far it feels like $AUTON with 50–100x more depth and customization. Crazy. Remember, AUTON went 10m and Merrymen is at 350k....

$auton rugged, gg. My bags are bleeding, crazy how you cant hold a single coin this run longer than 1 day

https://x.com/drakefjustin/status/2107837081313505768?s=20 you probably seen this, but if you didnt you SHOULD READ IT. How to protect your money? Generate fresh seed phrase on cold wallet of your choice, Send money from your current wallets with exposed public keys (every wallet which sent a TX/signed anything is at risk as its public key is visible Once you send money to that new VAULT cold wallet, never send any money out - that way it stays protected If you have to get some money from that wallet, immidietely after doing so, create a new wallet (can be same seed phrase) and send the money there - ALWAYS do a first TEST tx to make sure you get your money if you have a bigger amount of money, you SHOULD have few cold wallets if you are a whale, you should do multi sig There is no risk right now, but there can be big risk soon Small wallets are not really at risk as nobody will be trying to hack for few K I always placed security as a top priority and never was hacked/drained, hopefully i never will and i wish you bros the same. Better safe then sorry, this cost nothing basically and is a giga front run to a possible start of wallet hacking that may start if they really deliver mathemathical super intelligence and if they do it BEFORE crypto companies deliver a solution to this POSSIBLE (NOT REAL YET) problem. Ps. For gambling on any trading app/tg bot i highly advise to keep only as much money there as you CAN loose.

To clarify: Not trying to FUD AUTON here. It’s fun to watch and the platform works. My agents just speedran blowing their portfolios like indian jeets. Just trying to make sense of the current market and why some coins send while none of mine do 😂 Guess it’s time to touch more grass.

This just reinforces my take on the market. Utility barely seems to matter anymore. Nobody tests anything themselves. Every day I read “Does it work?” or “If the tech is legit, this will send. Haven’t checked myself” at least 10 times. The crazy part? With LLMs, testing whether a product actually does what it claims is SO much easier and faster than in previous cycles. Yet people still outsource their conviction to whoever posts the most bullish thread. No idea what to make of it. For now, a shiny UI and the right KOLs seem to matter more than whether the product actually works.

Most of my agent trades look like this... They even managed to blow through the trading fees they earned from the platform 😂 The fee-sharing feature is actually pretty cool. Mine just used it to fund more losses. From what I can tell, every agent uses the same DeepSeek model, with barely any settings to customize. So nearly all of them end up buying and selling the same coins, dumping on each other. Hard to see much of an edge there for me, but people like it i guess

Been testing AUTON since yesterday. My bots went from 4 SOL to 0.1 SOL lmao. It feels like a closed economy: all the bots buying and selling the same tokens, dumping on each other. Basically the trenches, just automated 😂 My impression so far is that most bots end up losing. Definitely mine. Just my experience and early take after a day of testing. Still sitting at a $4.5m market cap though.

By the way, the $MERRYMEN GitHub is public. You can actually check what they’re building. I took a deeper look, and there’s much more in there than the website shows: - Fomo research and a system designed to monitor up to 150 selected traders. - Selective following that evaluates the current entry, liquidity and your own risk limits. - Developer activity research and onchain holder analysis. - MCP tools for portfolio checks, research, trade proposals and backtests. Open PRs also show customizable 3D agents, easier Telegram setup and dedicated ChatGPT onboarding. Not everything is live yet, but there’s concrete code behind these features. The dev has also mentioned perps as a direction they’re exploring. Nothing confirmed as ready to launch. The bigger picture: a personal trading and research agent, with infrastructure other apps can build on. With $AUTON at 8m now i think $MERRYMEN can do at least the same or much more https://github.com/millw14/merrymen