When you’re an employee of a company that’s going public, you’re not allowed to short the stock during your lockup period.

Same goes for funds that have been part of the roadshow.

We need a way for this to be the case onchain too

berachain gave every influencer under the sun an allocation and then made sure perps were available at launch so they can all hedge their positions and lock in the free money

hard to think of a more pathetic and disgusting industry than crypto

ppl commending Murad's diamond hand conviction, missing that he's using perps to lock in profit and is a bona fide grifter. he knows he can never sell a single token on chain without nuking all of it

hard to think of a more pathetic and disgusting industry than crypto

brain genius

When you’re an employee of a company that’s going public, you’re not allowed to short the stock during your lockup period.

Same goes for funds that have been part of the roadshow.

We need a way for this to be the case onchain too

https://x.com/logicalbtc/status/1887579533626540517?s=46

Decentralized open source consciousness | Values-aligned communities | citizen of Black Rock City

you're not allowed, but it's hard if not impossible to enforce [onchain or offchain]

not sure what the answer is tbh, other than a cultural awareness that locked doesn't necessarily mean locked

i don't know anything about the murad situation but realistically with the perps who is on the other side of that trade? no way they want to get giga long some random meme coins, they're probably market dumping to stay delta neutral and skim the arb/excess perp rate