🐶 Elon PUMPs DOGE to send a Message

Namaste, this is the doodhwala, the only crypto newsletter that loves Leg Day at the gym. We ain’t got no Chicken Legs bruh. 💪

Here’s the workout for the day:

• 🐶 Elon pumps DOGE to send a message

• 🥪 $25 MILLION Crypto Sandwich

• 📈 Lido Finance on 🔥

• 🛠 The Power of Token Terminal

• 🍳 ‘Chicken and Egg’ Problem

Time to LIFT!

🐶 Elon pumps DOGE to send a message

When Dogecoin does this 👇 there's just one reason behind it.

And that reason is → ELON MUSK.

Yes, the guy behind:

• Tesla, the company that makes cars I can't afford

• Twitter, the company that you waste 23 hours a day on

• SpaceX, the company sending people (not cryptos) to the moon

• Boring Company, the company that makes cool AF flamethrowers

What did Musk do this time?

He changed the logo of Twitter from the – 🐦 to a 🐶.

And not just any dog, the Shiba Inu dog aka the Dogecoin Dog.

Check out the top left 👇

Why did Musk change it?

Because he said he would. 👌

Exactly 374 days ago, the Twitter account of "Wall Street Bets" (the subreddit that started the Game Stop mania in 2021) told Elon to:

1️⃣ Buy Twitter2️⃣ Change the logo to Doge

And guess what he did?

1️⃣ Buy Twitter2️⃣ Change the logo to Doge

You gotta admit Musk is better at following instructions than I am when assembling IKEA furniture. Now, where tf is that 4th screw?!?

Seriously, why did Musk change it?

The logo change is probably because of the $258 BILLION lawsuit against Elon Musk, according to the doodhwala's Twitter correspondent Parag Agarwal. 🎤

YES $258 BILLION!!

Last week, a few Dogecoin Investors filed a lawsuit against Elon Musk accusing him of – "running a pyramid scheme to support the cryptocurrency Dogecoin."

This kinda pyramid 👇

The lawsuit said that Elon pumped Doge as a fraud, using statements like:

• Dogecoin Rulz

• no highs, no lows, only Doge

• Dogecoiners are raw doodh drinkers

(we can get behind statement #3 💪)

Elon Musk wants the lawsuit thrown out but the investors' lawyers are confident they'll get the "Dogefather" to cough up $258 billion.

And how is Elon responding?

By changing the logo on the #2 most visited social media website in the world. 🤣 🤣 🤣

But this is proving the Dogecoin investors' point tho. 🤔

Elon Musk changed one small thing about Twitter, and already:

• Dogecoin's price is up 40%

• Dogecoin's market cap added $2 billion

In the past Musk has pumped (and dumped) Dogecoin:

🗓️ April 2019

Elon Musk was elected as the "CEO of Dogecoin" beating Vitalik Buterin.

🚀 Dogecoin pumped by 90%

🗓️ May 2021

Elon Musk appeared on the TV Show Saturday Night Live and played the role of a "financial expert," where he:

• compared Dogecoin to the US dollar

• called Dogecoin a "hustle"

• said DOGE to the moon

🚀 Dogecoin dumped by 42%

🗓️ July 2022

Elon Musk admitted that Tesla owns 2 cryptocurrencies:

• Bitcoin

• Dogecoin

🚀 Dogecoin pumped by 40% and then dumped by 15%

Doodwala's take:

If you're a Dogecoin bro, you better keep notifications ON for Elon's tweets. If you're not a Dogecoin bro, sit back and watch the drama. 💄

🥪 $25 MILLION Crypto Sandwich

Another week, another hack. 🤦‍♂️

This time, it involves:

• The world’s largest DEX

• $25 MILLION

• Sandwiches (no joke)

Uniswap.

The protocol with a horse as its logo. (okay, it’s a unicorn. tomato, tomaato 🤷‍♂️)

8 liquidity pools on Uniswap were exploited yesterday and resulted in a total loss of $25 million. 🥲

This includes: 👇

• 7,461 $WETH ($13.4M)

• 65 $WBTC ($1.8M)

• 5.3M $USDC

• 3M $USDT

• 1.7M $DAI

And this hack was very similar to the attack that caused Safemoon to lose close to $9 million, just TWO DAYS back!

So what happened? 🤔

It seems that the exploit involved something called "sandwich trades". 🥪

Now, before you start craving a BLT or a Club sandwich, let me explain what happened. 😬

We had to jump deep into the depths of Reddit to understand but it got a little sidetracked there as well 😅

Sandwich trades are a clever (but evil) way of manipulating the price of a token.

Basically, the hackers were able to buy and sell large amounts of a particular token, using a combination of front-running and back-running techniques.

Wtf is front-running? 🤨

This allowed them to artificially → inflate the price of the token 🔺, and then sell it for a huge profit. 💰

It's a classic case of "buy low, sell high", but with a CRAZY twist.

Now, I know what you're thinking. How could this happen? 🥲

Wasn't Uniswap supposed to be one of the most innovative and cutting-edge decentralized exchanges out there? (doesn’t the horse supposed to mean something? 😭)

Well, it just goes to show that even the best of the best can fall prey to some sneaky sandwich trades.

Although the Uniswap team was quick to respond to the exploit and has since implemented some new security measures to prevent similar attacks from happening in the future…

…it’s still a concern.

But this is the risk that sometimes comes with the power of decentralization. 🤷‍♂️

Doodhwala’s Take:

Unfortunately, the only way to stay safe rn is to be a little more smart contract literate.

This is the ability to go behind the scenes on Etherscan to understand what's happening in real-time.

Or we pray that the whole UI/UX of crypto becomes super easy soon. 🙏

Easier than sippin’ a glass of doodh. 🥛

📈 Chaach and Charts: Lido Finance on 🔥

Lido Finance just crushing it! 🔥

Wait, wtf is Lido Finance?

What’s happening with Lido Finance?

🔸 Assets staked on Lido Finance? Skyrocketing! 🚀

🔸 Devs joining the Lido squad? More than ever! 🧑‍💻

So, what could be contributing to this buzz? 🤔

Well, peeps are whispering that Lido's unique approach to staking and decentralized finance is winning over the hearts and wallets of peeps all over the crypto space. 💖

With a slick user experience and fresh updates like Lido V2, Lido Finance is stirring excitement! 🌊

But remember, the DeFi world can be as wild as a rodeo – will Lido keep its balance or get bucked off? 🐎

And hey, don't forget to share your thoughts on this Lido-mania!

Hit us up with a REPLY, and let's get the convo rollin'. 🗣️

🛠 Resourcewala: Unleash the Power of Token Terminal

Searching for the next big trend in the market to make 100x?

Well, look no further, 'cuz Token Terminal is the ULTIMATE tool to dominate the market!💥

In today's resource, we're diving DEEP into Token Terminal mastery, so you can leave the crowd in the dust and ride those crypto waves like a pro. 🏄‍♂️

We'll be exploring:

• What is Token Terminal? 🧐

• Tips and tricks to navigate the platform 🦉

• Key features to keep tabs on 🗺️

• Analyzing market data like a boss 🔍

• Case studies of successful trends 🏆

This is your golden ticket to finding the next big thing! 🎟️

So, what are you waiting for? 🚀

LFG! 🔥

🍼 Doodhshots: ‘Chicken and Egg’ Problem

• 📚 Bitcoin Bestseller: "Bitcoin Thesis" claims the top spot on Amazon's bestseller list. Crypto conquers the literary world!

• 🥲 Sue Season: The world’s largest cryptocurrency exchange, Binance, and a handful of influencers who promoted the platform are all being sued for a whopping $1 billion.

• 🚀 Uniswap Unstoppable: Spot market volume on Uniswap skyrocketed past $70 billion for the first time since January 2022.

• 🥚 Arbitrum Eggscapade: The "chicken and the egg" problem prompts a revote for Arbitrum, causing ARB prices to fall. What's next?

• 🌐 Liquid Speed: Internet Computer introduces "Liquid Bitcoin" for faster, cheaper BTC transactions. Zoom zoom, Bitcoin!

🤣 Milky Meme Of The Day

If you want more doodh then, be sure to follow our Twitter, our LinkedIn, and our Instagram.

That’s all for today bhaiyo aur bheno! Naale Sigona! Aakash "Dahi Cheeni" Athawasya & Arvind "Doodh Peda" Krishna

Yo! Our legal and financial advisors (aka our good ol’ conscience) have asked us to add this boring disclaimer.None of what you read here is financial advice. We aren’t here to get you to buy or sell a crypto. We’re only here to tell you what’s up in crypto today and make you laugh. So, if you screwed up on a trade, that’s on you G. Stay safe in the markets.