@timdaub.eth

Inspired by Arthur Hayes and because I wanted to try ralphing, I did a drawdown analysis on the October 10 market maker crash. Here's the narrative that we use to implement the trading idea (from Arthur Hayes): "On October 10th many market makers were liquidated in an unexpected sharp draw down. Many of them had been in the process of drawing fake patterns on charts for fake projects. But all of them got liquidated or badly hurt in the Oct 10 flash crash meaning after Oct 10th the market traded without their fake activity. Hence, it is now easier than ever to spot bad projects simply by looking at how they've performed after the flash crash. If a project has a real community and price floor we'd see the price to do decently well. If the project was just kept propped up by market makers we'd see deep drawdowns." So I set up a Hetzner instance, installed Claude and had it ralph on my challenge. Basically I asked it to scan the top 200 Coingecko projects and to list the deepest drawdowns since Oct 10. Below are the results for the best and the worst performers:

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