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📉 Why 90% of Traders Lose Money in Crypto…
It’s not bad luck.
It’s not the market being “rigged.”
It’s the way most people approach trading. 👇
🎯 No clear strategy
Most traders jump in without a plan — buying and selling based on emotions, not logic.
😵 Overtrading
Constantly entering trades, chasing every move… fees add up, mistakes multiply, and profits disappear.
🔥 FOMO (Fear of Missing Out)
Seeing green candles and jumping in late — right before the price pulls back.
😨 Panic selling
A small dip feels like a crash… and they sell at the worst possible time.
⚖️ Poor risk management
No stop-loss, no position sizing — one bad trade wipes out weeks of gains.
Let’s be honest 👇
⚠️ The market is volatile — that’s normal
⚠️ Losses are part of the game
⚠️ No one wins every trade
📊 Insight:
Trading isn’t about being right all the time…
It’s about managing risk when you’re wrong.
💡 Smart mindset:
• Trade less, but with purpose
• Protect your capital first
• Control emotions, not the market
• Think long-term, not instant profits
💬 Reality check:
The market doesn’t take your money…
It transfers it from the impatient to the disciplined.
👇 Be honest — which mistake have you made before?
#Crypto #Bitcoin #Discipline #Binance #Write2Earn $BTC
$ETH
$XRP
It’s not bad luck.
It’s not the market being “rigged.”
It’s the way most people approach trading. 👇
🎯 No clear strategy
Most traders jump in without a plan — buying and selling based on emotions, not logic.
😵 Overtrading
Constantly entering trades, chasing every move… fees add up, mistakes multiply, and profits disappear.
🔥 FOMO (Fear of Missing Out)
Seeing green candles and jumping in late — right before the price pulls back.
😨 Panic selling
A small dip feels like a crash… and they sell at the worst possible time.
⚖️ Poor risk management
No stop-loss, no position sizing — one bad trade wipes out weeks of gains.
Let’s be honest 👇
⚠️ The market is volatile — that’s normal
⚠️ Losses are part of the game
⚠️ No one wins every trade
📊 Insight:
Trading isn’t about being right all the time…
It’s about managing risk when you’re wrong.
💡 Smart mindset:
• Trade less, but with purpose
• Protect your capital first
• Control emotions, not the market
• Think long-term, not instant profits
💬 Reality check:
The market doesn’t take your money…
It transfers it from the impatient to the disciplined.
👇 Be honest — which mistake have you made before?
#Crypto #Bitcoin #Discipline #Binance #Write2Earn $BTC
$ETH
$XRP
⚠️ The Biggest Mistake New Crypto Investors Make…
It’s not picking the wrong coin.
It’s not starting with too little money.
It’s chasing hype instead of understanding value. 👇
🚀 Buying when everyone is talking about it
By the time a coin is trending everywhere… the smart money is often already in. New investors enter late — and get stuck holding losses.
📉 Selling in fear
The market dips a little, panic kicks in, and they sell at a loss… only to watch the price recover later.
🎯 No strategy at all
Random buys. No plan. No patience. Just эмоtions driving every decision.
Let’s be real 👇
⚠️ Crypto is volatile — swings are normal
⚠️ Quick profits are rare and risky
⚠️ Most success comes from consistency, not luck
📊 Insight:
The market rewards discipline, not emotions.
💡 Smart approach:
• Do your own research
• Focus on long-term utility
• Don’t invest based on hype alone
• Think in months/years — not days
💬 Reality check:
Most people don’t lose because crypto failed…
They lose because they had no plan.
👇 What’s the biggest mistake YOU made when starting?
#Crypto #Investing #mindset #Binance #WriteToEarn $BTC
$BNB
$ETH
It’s not picking the wrong coin.
It’s not starting with too little money.
It’s chasing hype instead of understanding value. 👇
🚀 Buying when everyone is talking about it
By the time a coin is trending everywhere… the smart money is often already in. New investors enter late — and get stuck holding losses.
📉 Selling in fear
The market dips a little, panic kicks in, and they sell at a loss… only to watch the price recover later.
🎯 No strategy at all
Random buys. No plan. No patience. Just эмоtions driving every decision.
Let’s be real 👇
⚠️ Crypto is volatile — swings are normal
⚠️ Quick profits are rare and risky
⚠️ Most success comes from consistency, not luck
📊 Insight:
The market rewards discipline, not emotions.
💡 Smart approach:
• Do your own research
• Focus on long-term utility
• Don’t invest based on hype alone
• Think in months/years — not days
💬 Reality check:
Most people don’t lose because crypto failed…
They lose because they had no plan.
👇 What’s the biggest mistake YOU made when starting?
#Crypto #Investing #mindset #Binance #WriteToEarn $BTC
$BNB
$ETH
🚀 If I had to focus on just three coins for long-term potential… I’d go with $XRP, $ETH , and $SOL 👀
Not all of them are the loudest. Not all move the fastest.
But together — they cover real use, strong ecosystems, and future scalability.
Here’s the breakdown 👇
🌍 $XRP — Real-world finance bridge
XRP is focused on cross-border payments and institutional use. It’s built for speed, low fees, and integration with traditional finance — something very few projects are seriously targeting at scale.
🌐 $ETH — The backbone of Web3
Ethereum dominates in DeFi, NFTs, and smart contracts. With continuous upgrades and Layer 2 growth, it remains the go-to platform for developers and innovation.
⚡ $SOL — Speed & user experience
Solana stands out for its fast transactions and low costs. It’s becoming a strong choice for apps that need performance and scale without high fees.
But let’s stay realistic 👇
⚠️ Adoption takes time — nothing happens overnight
⚠️ Market cycles will always impact prices
⚠️ Competition in every category is intense
Still, these three are playing different roles — and that’s the advantage.
📊 Insight:
Winners in crypto won’t just be one type of project.
It’ll be a mix of utility, ecosystem strength, and scalability.
💡 Mindset:
Don’t just chase hype cycles.
Position yourself in projects that are actually building the future.
💬 CTA:
If you had to pick only three for the long run… would they be the same? 👇
#crypto #Ethereum #Web3 #Binance #writetoearn
$ETH
Not all of them are the loudest. Not all move the fastest.
But together — they cover real use, strong ecosystems, and future scalability.
Here’s the breakdown 👇
🌍 $XRP — Real-world finance bridge
XRP is focused on cross-border payments and institutional use. It’s built for speed, low fees, and integration with traditional finance — something very few projects are seriously targeting at scale.
🌐 $ETH — The backbone of Web3
Ethereum dominates in DeFi, NFTs, and smart contracts. With continuous upgrades and Layer 2 growth, it remains the go-to platform for developers and innovation.
⚡ $SOL — Speed & user experience
Solana stands out for its fast transactions and low costs. It’s becoming a strong choice for apps that need performance and scale without high fees.
But let’s stay realistic 👇
⚠️ Adoption takes time — nothing happens overnight
⚠️ Market cycles will always impact prices
⚠️ Competition in every category is intense
Still, these three are playing different roles — and that’s the advantage.
📊 Insight:
Winners in crypto won’t just be one type of project.
It’ll be a mix of utility, ecosystem strength, and scalability.
💡 Mindset:
Don’t just chase hype cycles.
Position yourself in projects that are actually building the future.
💬 CTA:
If you had to pick only three for the long run… would they be the same? 👇
#crypto #Ethereum #Web3 #Binance #writetoearn
$ETH
Why Plasma Stands Out in 2026
In a sea of general-purpose chains, @plasma is the dedicated home for stablecoins – and it's gaining serious traction!
Launched in 2025, Plasma tackles the biggest pain points: high fees and slow settlements on legacy networks. Its dual-token model shines here – simple USDT transfers are completely gasless (sponsored by the protocol), while $XPL handles staking, complex smart contracts, and secures the PoS network with reward-based slashing for honest validators.
Add in custom gas support, confidential payment features in development, and integrations like CoW Swap + MassPay for better liquidity and native USD₮ payments – Plasma is built for real-world use cases like remittances, neobanks, and institutional flows.
With a strong team (ex-Apple, Microsoft, Goldman Sachs), backing from Tether insiders, and growing TVL, the future looks bright. $XPL at current levels feels like an asymmetric bet on the stablecoin economy's next chapter.
What do you think – will Plasma become the go-to chain for digital dollars? Share below!
@plasma $XPL #Plasma
Launched in 2025, Plasma tackles the biggest pain points: high fees and slow settlements on legacy networks. Its dual-token model shines here – simple USDT transfers are completely gasless (sponsored by the protocol), while $XPL handles staking, complex smart contracts, and secures the PoS network with reward-based slashing for honest validators.
Add in custom gas support, confidential payment features in development, and integrations like CoW Swap + MassPay for better liquidity and native USD₮ payments – Plasma is built for real-world use cases like remittances, neobanks, and institutional flows.
With a strong team (ex-Apple, Microsoft, Goldman Sachs), backing from Tether insiders, and growing TVL, the future looks bright. $XPL at current levels feels like an asymmetric bet on the stablecoin economy's next chapter.
What do you think – will Plasma become the go-to chain for digital dollars? Share below!
@plasma $XPL #Plasma
Why Plasma Stands Out in 2026
In a sea of general-purpose chains, @plasma is the dedicated home for stablecoins – and it's gaining serious traction!
Launched in 2025, Plasma tackles the biggest pain points: high fees and slow settlements on legacy networks. Its dual-token model shines here – simple USDT transfers are completely gasless (sponsored by the protocol), while $XPL handles staking, complex smart contracts, and secures the PoS network with reward-based slashing for honest validators.
Add in custom gas support, confidential payment features in development, and integrations like CoW Swap + MassPay for better liquidity and native USD₮ payments – Plasma is built for real-world use cases like remittances, neobanks, and institutional flows.
With a strong team (ex-Apple, Microsoft, Goldman Sachs), backing from Tether insiders, and growing TVL, the future looks bright. $XPL at current levels feels like an asymmetric bet on the stablecoin economy's next chapter.
What do you think – will Plasma become the go-to chain for digital dollars? Share below!
@plasma $XPL #Plasma
Launched in 2025, Plasma tackles the biggest pain points: high fees and slow settlements on legacy networks. Its dual-token model shines here – simple USDT transfers are completely gasless (sponsored by the protocol), while $XPL handles staking, complex smart contracts, and secures the PoS network with reward-based slashing for honest validators.
Add in custom gas support, confidential payment features in development, and integrations like CoW Swap + MassPay for better liquidity and native USD₮ payments – Plasma is built for real-world use cases like remittances, neobanks, and institutional flows.
With a strong team (ex-Apple, Microsoft, Goldman Sachs), backing from Tether insiders, and growing TVL, the future looks bright. $XPL at current levels feels like an asymmetric bet on the stablecoin economy's next chapter.
What do you think – will Plasma become the go-to chain for digital dollars? Share below!
@plasma $XPL #Plasma
Plasma ($XPL ) bridges Bitcoin security with Ethereum programmability for stablecoins! Trust-minimized BTC bridge + gasless USDT flows position it as the native chain for the $200B+ stablecoin economy. Custom gas in USDT/BTC? Game-changer for onboarding. Time to stack for the long term! @plasma $XPL #plasma $XPL
#2025withBinance Start your crypto story with the @Binance Year in Review and share your highlights! #2025withBinance.
👉 Sign up with my link and get 100 USD rewards! https://www.binance.com/year-in-review/2025-with-binance?ref=552531660
👉 Sign up with my link and get 100 USD rewards! https://www.binance.com/year-in-review/2025-with-binance?ref=552531660
https://signup.billions.network?rc=NXEYRXUK
Sins69
·
--
B for Billions
B for Believe
B for Bangladesh 🌏✨
BTC’s moonwalking 🚀
CT’s on fire, Web3’s fresh wave sliding in.
We’re the gatekeepers —
✅ Real ones only
✅ No bots, no fakes
This party belongs with @billions_ntwk 🌊
Join now : ⬇️⬇️⬇️
#gBillions
B for Believe
B for Bangladesh 🌏✨
BTC’s moonwalking 🚀
CT’s on fire, Web3’s fresh wave sliding in.
We’re the gatekeepers —
✅ Real ones only
✅ No bots, no fakes
This party belongs with @billions_ntwk 🌊
Join now : ⬇️⬇️⬇️
#gBillions
B for Billions
B for Believe
B for Bangladesh 🌏✨
BTC’s moonwalking 🚀
CT’s on fire, Web3’s fresh wave sliding in.
We’re the gatekeepers —
✅ Real ones only
✅ No bots, no fakes
This party belongs with @billions_ntwk 🌊
Join now : ⬇️⬇️⬇️
#gBillions
B for Believe
B for Bangladesh 🌏✨
BTC’s moonwalking 🚀
CT’s on fire, Web3’s fresh wave sliding in.
We’re the gatekeepers —
✅ Real ones only
✅ No bots, no fakes
This party belongs with @billions_ntwk 🌊
Join now : ⬇️⬇️⬇️
#gBillions
#BinanceTurns8 Join us in the #BinanceTurns8 celebration and win a share of up to $888,888 in BNB! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_17ECI
List RIZZMAS into @Bainance
Cryptopolitan
·
--
Memecoin Whale “sbfonchain.sol” Jumps to New Meme Tokens After Big WIF Loss
A notorious wallet, sbfonchain.sol, displays renewed meme token activity. Previously, the whale has been known to be an early holder of peak memes, though not always achieving the best returns.
A Solana vanity address, sbfonchain.sol, has been busy in the past day, moving funds into new meme tokens. The wallet, suspiciously named after the initials of Sam Bankman-Fried, is not necessarily connected to the former founder of the FTX exchange. However, the wallet is curious enough to track for meme token insights, while showing signs it may be related to FTX in some form. The wallet became highly active, just as the FTX liquidator main wallet started sending out SOL to Binance and the Coinbase hot wallet, in preparation for the 2025 payout to creditors.
The vanity domain was reserved on December 13, 2023, with a cost of $20. Since then, sbfonchain.sol entered and exited multiple meme token markets, often absorbing losses from risky moves.
Solana whale moves into RIZZMAS
The Solana whale, equipped with millions in USDC, made a recent risky bet into a just-launched token. Rizzmas (RIZZMAS) rallied soon after sbfonchain.sol bought in, breaking out from $0.00002 to $0.00007.
Tokens like RIZZMAS can rally more if the meme proves popular. This time around, sbfonchain.sol entered at a relatively early stage, adding the new high-risk asset. The allocation to RIZZMAS was relatively small, just $50,000. The previous two transactions were at a bigger scale – a total of $1.1M allocated to Fartcoin, and $995K to buy CHILLGUY.
The vanity address holds 0.28% of the RIZZMAS supply. Tracking the address through Bubblemaps showed a snapshot of a high-activity cluster with another address. The counterparty wallet holds 0.41% of the RIZZMAS supply, a little over 2B tokens.
What is even more curious, the counterparty wallet is also the holder of tokens bearing the ticker FTX, with the same logo as the defunct exchange. The tokens held in that wallet are not a random number – the owner has exactly 69,420 FTX tokens.
One of the counterparties to sbfonchain.sol is a holder of exactly 69,420 FTX tokens. | Source: Solscan
The new asset is only symbolically related to the FTX market but raises suspicions of the identity of the meme token whales. That same wallet is not an idle holder of FTX tokens, but an active trader engaged in another high-activity trading cluster.
At the same time, the sbfonchain.sol wallet does not hold any of the FTX meme tokens. FTX is an extremely volatile asset with just $19K in liquidity locked, but tries to make its way among memes. The token was launched while legacy traders were still engaged with the old FTT token on Binance, amid rumors that the bull market may lead to a relaunch of FTX in another form.
Vanity wallet known for risky moves in the past year
In the past 24 hours, the sbfonchain.sol wallet bought WIF valued at $4.67M. Later, the trader sold at a loss for $4.07M, ahead of rolling over into new tokens. The trader’s approach is to move fast between tokens, until managing to achieve a winning trade.
The wallet is not only losing – within a few hours of the WIF loss, a successful trade liquidated CHILLGUY for SOL, later swapping the proceeds into USDC. Within less than an hour, the wallet increased its USDC holdings from $600K to $1.05K. The wallet sold 1.6M CHILLGUY for 3,707 WSOL. Additionally, sbfonchain.sol liquidated 1.6M UBC tokens for 668.76 SOL. The SOL was then traded through Jupiter for 1.048M USDC in total.
The sbfonchain.sol wallet made two successful trades with WBC and CHILLGUY. | Source: Solscan
The sbfonchain.sol wallet is no stranger to risky meme token bets. In October, the wallet was the biggest holder of MANYU tokens, just before selling rapidly, leading to a 45% price crash. The risky trader sold at a loss, only to ape into AI coin for another roll of the dice.
At the end of September, sbfonchain.sol was among the biggest buyers of MOODENG, as noted by Nansen’s analysis. Since then, the wallet divested all MOODENG and moved rapidly into new tokens.
Back in May, the same address jumped between WIF and another risky token, HAMMY. This was one of the first instances of the whale’s habit of dumping tokens and rolling over into new holdings.
From Zero to Web3 Pro: Your 90-Day Career Launch Plan
A Solana vanity address, sbfonchain.sol, has been busy in the past day, moving funds into new meme tokens. The wallet, suspiciously named after the initials of Sam Bankman-Fried, is not necessarily connected to the former founder of the FTX exchange. However, the wallet is curious enough to track for meme token insights, while showing signs it may be related to FTX in some form. The wallet became highly active, just as the FTX liquidator main wallet started sending out SOL to Binance and the Coinbase hot wallet, in preparation for the 2025 payout to creditors.
The vanity domain was reserved on December 13, 2023, with a cost of $20. Since then, sbfonchain.sol entered and exited multiple meme token markets, often absorbing losses from risky moves.
Solana whale moves into RIZZMAS
The Solana whale, equipped with millions in USDC, made a recent risky bet into a just-launched token. Rizzmas (RIZZMAS) rallied soon after sbfonchain.sol bought in, breaking out from $0.00002 to $0.00007.
Tokens like RIZZMAS can rally more if the meme proves popular. This time around, sbfonchain.sol entered at a relatively early stage, adding the new high-risk asset. The allocation to RIZZMAS was relatively small, just $50,000. The previous two transactions were at a bigger scale – a total of $1.1M allocated to Fartcoin, and $995K to buy CHILLGUY.
The vanity address holds 0.28% of the RIZZMAS supply. Tracking the address through Bubblemaps showed a snapshot of a high-activity cluster with another address. The counterparty wallet holds 0.41% of the RIZZMAS supply, a little over 2B tokens.
What is even more curious, the counterparty wallet is also the holder of tokens bearing the ticker FTX, with the same logo as the defunct exchange. The tokens held in that wallet are not a random number – the owner has exactly 69,420 FTX tokens.
One of the counterparties to sbfonchain.sol is a holder of exactly 69,420 FTX tokens. | Source: Solscan
The new asset is only symbolically related to the FTX market but raises suspicions of the identity of the meme token whales. That same wallet is not an idle holder of FTX tokens, but an active trader engaged in another high-activity trading cluster.
At the same time, the sbfonchain.sol wallet does not hold any of the FTX meme tokens. FTX is an extremely volatile asset with just $19K in liquidity locked, but tries to make its way among memes. The token was launched while legacy traders were still engaged with the old FTT token on Binance, amid rumors that the bull market may lead to a relaunch of FTX in another form.
Vanity wallet known for risky moves in the past year
In the past 24 hours, the sbfonchain.sol wallet bought WIF valued at $4.67M. Later, the trader sold at a loss for $4.07M, ahead of rolling over into new tokens. The trader’s approach is to move fast between tokens, until managing to achieve a winning trade.
The wallet is not only losing – within a few hours of the WIF loss, a successful trade liquidated CHILLGUY for SOL, later swapping the proceeds into USDC. Within less than an hour, the wallet increased its USDC holdings from $600K to $1.05K. The wallet sold 1.6M CHILLGUY for 3,707 WSOL. Additionally, sbfonchain.sol liquidated 1.6M UBC tokens for 668.76 SOL. The SOL was then traded through Jupiter for 1.048M USDC in total.
The sbfonchain.sol wallet made two successful trades with WBC and CHILLGUY. | Source: Solscan
The sbfonchain.sol wallet is no stranger to risky meme token bets. In October, the wallet was the biggest holder of MANYU tokens, just before selling rapidly, leading to a 45% price crash. The risky trader sold at a loss, only to ape into AI coin for another roll of the dice.
At the end of September, sbfonchain.sol was among the biggest buyers of MOODENG, as noted by Nansen’s analysis. Since then, the wallet divested all MOODENG and moved rapidly into new tokens.
Back in May, the same address jumped between WIF and another risky token, HAMMY. This was one of the first instances of the whale’s habit of dumping tokens and rolling over into new holdings.
From Zero to Web3 Pro: Your 90-Day Career Launch Plan
#RIZZMAS
Cryptopolitan
·
--
Memecoin Whale “sbfonchain.sol” Jumps to New Meme Tokens After Big WIF Loss
A notorious wallet, sbfonchain.sol, displays renewed meme token activity. Previously, the whale has been known to be an early holder of peak memes, though not always achieving the best returns.
A Solana vanity address, sbfonchain.sol, has been busy in the past day, moving funds into new meme tokens. The wallet, suspiciously named after the initials of Sam Bankman-Fried, is not necessarily connected to the former founder of the FTX exchange. However, the wallet is curious enough to track for meme token insights, while showing signs it may be related to FTX in some form. The wallet became highly active, just as the FTX liquidator main wallet started sending out SOL to Binance and the Coinbase hot wallet, in preparation for the 2025 payout to creditors.
The vanity domain was reserved on December 13, 2023, with a cost of $20. Since then, sbfonchain.sol entered and exited multiple meme token markets, often absorbing losses from risky moves.
Solana whale moves into RIZZMAS
The Solana whale, equipped with millions in USDC, made a recent risky bet into a just-launched token. Rizzmas (RIZZMAS) rallied soon after sbfonchain.sol bought in, breaking out from $0.00002 to $0.00007.
Tokens like RIZZMAS can rally more if the meme proves popular. This time around, sbfonchain.sol entered at a relatively early stage, adding the new high-risk asset. The allocation to RIZZMAS was relatively small, just $50,000. The previous two transactions were at a bigger scale – a total of $1.1M allocated to Fartcoin, and $995K to buy CHILLGUY.
The vanity address holds 0.28% of the RIZZMAS supply. Tracking the address through Bubblemaps showed a snapshot of a high-activity cluster with another address. The counterparty wallet holds 0.41% of the RIZZMAS supply, a little over 2B tokens.
What is even more curious, the counterparty wallet is also the holder of tokens bearing the ticker FTX, with the same logo as the defunct exchange. The tokens held in that wallet are not a random number – the owner has exactly 69,420 FTX tokens.
One of the counterparties to sbfonchain.sol is a holder of exactly 69,420 FTX tokens. | Source: Solscan
The new asset is only symbolically related to the FTX market but raises suspicions of the identity of the meme token whales. That same wallet is not an idle holder of FTX tokens, but an active trader engaged in another high-activity trading cluster.
At the same time, the sbfonchain.sol wallet does not hold any of the FTX meme tokens. FTX is an extremely volatile asset with just $19K in liquidity locked, but tries to make its way among memes. The token was launched while legacy traders were still engaged with the old FTT token on Binance, amid rumors that the bull market may lead to a relaunch of FTX in another form.
Vanity wallet known for risky moves in the past year
In the past 24 hours, the sbfonchain.sol wallet bought WIF valued at $4.67M. Later, the trader sold at a loss for $4.07M, ahead of rolling over into new tokens. The trader’s approach is to move fast between tokens, until managing to achieve a winning trade.
The wallet is not only losing – within a few hours of the WIF loss, a successful trade liquidated CHILLGUY for SOL, later swapping the proceeds into USDC. Within less than an hour, the wallet increased its USDC holdings from $600K to $1.05K. The wallet sold 1.6M CHILLGUY for 3,707 WSOL. Additionally, sbfonchain.sol liquidated 1.6M UBC tokens for 668.76 SOL. The SOL was then traded through Jupiter for 1.048M USDC in total.
The sbfonchain.sol wallet made two successful trades with WBC and CHILLGUY. | Source: Solscan
The sbfonchain.sol wallet is no stranger to risky meme token bets. In October, the wallet was the biggest holder of MANYU tokens, just before selling rapidly, leading to a 45% price crash. The risky trader sold at a loss, only to ape into AI coin for another roll of the dice.
At the end of September, sbfonchain.sol was among the biggest buyers of MOODENG, as noted by Nansen’s analysis. Since then, the wallet divested all MOODENG and moved rapidly into new tokens.
Back in May, the same address jumped between WIF and another risky token, HAMMY. This was one of the first instances of the whale’s habit of dumping tokens and rolling over into new holdings.
From Zero to Web3 Pro: Your 90-Day Career Launch Plan
A Solana vanity address, sbfonchain.sol, has been busy in the past day, moving funds into new meme tokens. The wallet, suspiciously named after the initials of Sam Bankman-Fried, is not necessarily connected to the former founder of the FTX exchange. However, the wallet is curious enough to track for meme token insights, while showing signs it may be related to FTX in some form. The wallet became highly active, just as the FTX liquidator main wallet started sending out SOL to Binance and the Coinbase hot wallet, in preparation for the 2025 payout to creditors.
The vanity domain was reserved on December 13, 2023, with a cost of $20. Since then, sbfonchain.sol entered and exited multiple meme token markets, often absorbing losses from risky moves.
Solana whale moves into RIZZMAS
The Solana whale, equipped with millions in USDC, made a recent risky bet into a just-launched token. Rizzmas (RIZZMAS) rallied soon after sbfonchain.sol bought in, breaking out from $0.00002 to $0.00007.
Tokens like RIZZMAS can rally more if the meme proves popular. This time around, sbfonchain.sol entered at a relatively early stage, adding the new high-risk asset. The allocation to RIZZMAS was relatively small, just $50,000. The previous two transactions were at a bigger scale – a total of $1.1M allocated to Fartcoin, and $995K to buy CHILLGUY.
The vanity address holds 0.28% of the RIZZMAS supply. Tracking the address through Bubblemaps showed a snapshot of a high-activity cluster with another address. The counterparty wallet holds 0.41% of the RIZZMAS supply, a little over 2B tokens.
What is even more curious, the counterparty wallet is also the holder of tokens bearing the ticker FTX, with the same logo as the defunct exchange. The tokens held in that wallet are not a random number – the owner has exactly 69,420 FTX tokens.
One of the counterparties to sbfonchain.sol is a holder of exactly 69,420 FTX tokens. | Source: Solscan
The new asset is only symbolically related to the FTX market but raises suspicions of the identity of the meme token whales. That same wallet is not an idle holder of FTX tokens, but an active trader engaged in another high-activity trading cluster.
At the same time, the sbfonchain.sol wallet does not hold any of the FTX meme tokens. FTX is an extremely volatile asset with just $19K in liquidity locked, but tries to make its way among memes. The token was launched while legacy traders were still engaged with the old FTT token on Binance, amid rumors that the bull market may lead to a relaunch of FTX in another form.
Vanity wallet known for risky moves in the past year
In the past 24 hours, the sbfonchain.sol wallet bought WIF valued at $4.67M. Later, the trader sold at a loss for $4.07M, ahead of rolling over into new tokens. The trader’s approach is to move fast between tokens, until managing to achieve a winning trade.
The wallet is not only losing – within a few hours of the WIF loss, a successful trade liquidated CHILLGUY for SOL, later swapping the proceeds into USDC. Within less than an hour, the wallet increased its USDC holdings from $600K to $1.05K. The wallet sold 1.6M CHILLGUY for 3,707 WSOL. Additionally, sbfonchain.sol liquidated 1.6M UBC tokens for 668.76 SOL. The SOL was then traded through Jupiter for 1.048M USDC in total.
The sbfonchain.sol wallet made two successful trades with WBC and CHILLGUY. | Source: Solscan
The sbfonchain.sol wallet is no stranger to risky meme token bets. In October, the wallet was the biggest holder of MANYU tokens, just before selling rapidly, leading to a 45% price crash. The risky trader sold at a loss, only to ape into AI coin for another roll of the dice.
At the end of September, sbfonchain.sol was among the biggest buyers of MOODENG, as noted by Nansen’s analysis. Since then, the wallet divested all MOODENG and moved rapidly into new tokens.
Back in May, the same address jumped between WIF and another risky token, HAMMY. This was one of the first instances of the whale’s habit of dumping tokens and rolling over into new holdings.
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