did you know you can use your favorite bid-ask strategy on the Robinhood coins?
$Fatcoin is down almost 50% and you'd think I'm sitting on a heavy loss. that's why bid-ask is OP, what actually happened:
deposited 15 ETH one-sided into a bid-ask range, 36M to 18.0M mcap on
@deltaliquidity
token dumped straight through the range, my ETH got converted into a coin on the way down
fees printed: 1.2508 ETH + 157.70K $Fatcoin = $6,436.47, that's 17.4% of the deposit
net PnL: $2,831 (+7.66%)
if I had just aped the same $36,940 into $Fatcoin at the top I'd be sitting at ~$18,470 right now. instead I'm up 2.8k with 6.4k of unclaimed fees still to redeploy.
bid-ask means you buy the dump with someone else's volume paying you for it.
only possible on
@deltaliquidity