[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] #  @moonshiesty moon shiesty moon shiesty posts on X about exchanges, $23m, $653m, closed the most. They currently have XXXXX followers and X posts still getting attention that total XXX engagements in the last XX hours. ### Engagements: XXX [#](/creator/twitter::1579611996676308992/interactions)  - X Week XXXXX +686% - X Month XXXXXX -XX% - X Months XXXXXXX -XX% - X Year XXXXXXXXX +231% ### Mentions: X [#](/creator/twitter::1579611996676308992/posts_active)  - X Months XXX -XXXX% - X Year XXX +64% ### Followers: XXXXX [#](/creator/twitter::1579611996676308992/followers)  - X Week XXXXX +0.09% - X Month XXXXX no change - X Months XXXXX +13% - X Year XXXXX +134% ### CreatorRank: XXXXXXXXX [#](/creator/twitter::1579611996676308992/influencer_rank)  ### Social Influence **Social category influence** [finance](/list/finance) XXXXX% [exchanges](/list/exchanges) XXXXX% [cryptocurrencies](/list/cryptocurrencies) XXXXX% **Social topic influence** [exchanges](/topic/exchanges) #610, [$23m](/topic/$23m) 14.29%, [$653m](/topic/$653m) 14.29%, [closed](/topic/closed) 14.29%, [$210b](/topic/$210b) 14.29%, [$8343m](/topic/$8343m) 14.29%, [health](/topic/health) 14.29%, [fud](/topic/fud) 14.29%, [liquidity](/topic/liquidity) 14.29%, [to the](/topic/to-the) XXXXX% **Top accounts mentioned or mentioned by** [@hyperliquidx](/creator/undefined) [@conejocapital](/creator/undefined) [@nic_wenzel_1](/creator/undefined) [@0x94305](/creator/undefined) [@tarunchitra](/creator/undefined) [@lighterxyz](/creator/undefined) [@megaeth](/creator/undefined) **Top assets mentioned** [Solana (SOL)](/topic/solana) ### Top Social Posts Top posts by engagements in the last XX hours "hard to understand how we got from a $23M deficit covered by ADL to "$653M lost" there are a lot of good points brought up by this research but the only fair way to present what happened on 10/10 on @HyperliquidX is that 23M was haircut from the profitable traders - the 834m of realized PnL of closed positions was not "lost" ADL for a participant trading on a single exchange is very likely to lower their risk. for most users *only trading* on hyperliquid on 10/10 ADL closed their shorts at the market bottom and by ranking ADL by most profitable positions you almost always going to overshoot" [X Link](https://x.com/moonshiesty/status/1998908492892004816) 2025-12-11T00:11Z 4504 followers, 1041 engagements "@ConejoCapital @HyperliquidX agreed at a minimum i think exchanges should follow @Lighter_xyz zero price approach which doesn't deleverage positions which would decrease health" [X Link](https://x.com/moonshiesty/status/1998921962203263437) 2025-12-11T01:05Z 4503 followers, XXX engagements "(i never fud)" [X Link](https://x.com/moonshiesty/status/1998817025284841807) 2025-12-10T18:08Z 4505 followers, XXX engagements "the most straightforward mitigation is for exchanges to hold reserves sufficient to cover losses without triggering ADL other solutions might involve limiting cross-margining and withdrawals if an exchange deems counter-party liquidity insufficient to cover potential losses what no one wants to talk about is even with all these approaches at some point an exchange faced with insolvency might be unable to settle trades and would be forced to halt trading and close positions at "invalid" mark prices crypto can only provide transparency. when leverage is involved there's no math that can always" [X Link](https://x.com/moonshiesty/status/1999367089681793230) 2025-12-12T06:33Z 4504 followers, XX engagements "equalization every market participant wants to trade on an exchange with equal access to every other participant blockchains aren't competitive with NASDAQ for many reasons: performance throughput jitter latency etc but the biggest problem is fair access its not hard to engineer a collocated L1 so that every participant has equal access to the validator set but its impossible to engineer a globally distributed L1 running over the public internet where every participant has equal access to validators you can try to emulate fair access through economics where users pay to receive access to" [X Link](https://x.com/moonshiesty/status/1999370479841227107) 2025-12-12T06:47Z 4504 followers, XX engagements "here are some scenario where an exchange might not hold sufficient reserves to cover loss for example on 10/10 if every short position withdrew profits before ADL kicked in on longs or every short position in a specific market was cross-margined with losing long positions such that all counter-parties cumulative pnl was also negative you can prove there are scenarios where there are no counter-parties remaining available to ADL and situations where triggering ADL could increase overall risk on an exchange and trigger ADL cascades furthermore as ADL kicks it its will encourage traders with" [X Link](https://x.com/moonshiesty/status/1999367088222138650) 2025-12-12T06:33Z 4504 followers, XXX engagements "probably but that's not the case on @megaeth and it should be easier for fogo to implement FIFO in a single geography with their tightly controlled validator set (ie centralized) vs solana's decentralized global validator set solana is working on this with BAM but its harder when everything is decentralized" [X Link](https://x.com/moonshiesty/status/1999380066564747444) 2025-12-12T07:25Z 4504 followers, XX engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@moonshiesty moon shiesty
moon shiesty posts on X about exchanges, $23m, $653m, closed the most. They currently have XXXXX followers and X posts still getting attention that total XXX engagements in the last XX hours.
Engagements: XXX #
- X Week XXXXX +686%
- X Month XXXXXX -XX%
- X Months XXXXXXX -XX%
- X Year XXXXXXXXX +231%
Mentions: X #
- X Months XXX -XXXX%
- X Year XXX +64%
Followers: XXXXX #
- X Week XXXXX +0.09%
- X Month XXXXX no change
- X Months XXXXX +13%
- X Year XXXXX +134%
CreatorRank: XXXXXXXXX #
Social Influence
Social category influence finance XXXXX% exchanges XXXXX% cryptocurrencies XXXXX%
Social topic influence exchanges #610, $23m 14.29%, $653m 14.29%, closed 14.29%, $210b 14.29%, $8343m 14.29%, health 14.29%, fud 14.29%, liquidity 14.29%, to the XXXXX%
Top accounts mentioned or mentioned by @hyperliquidx @conejocapital @nic_wenzel_1 @0x94305 @tarunchitra @lighterxyz @megaeth
Top assets mentioned Solana (SOL)
Top Social Posts
Top posts by engagements in the last XX hours
"hard to understand how we got from a $23M deficit covered by ADL to "$653M lost" there are a lot of good points brought up by this research but the only fair way to present what happened on 10/10 on @HyperliquidX is that 23M was haircut from the profitable traders - the 834m of realized PnL of closed positions was not "lost" ADL for a participant trading on a single exchange is very likely to lower their risk. for most users only trading on hyperliquid on 10/10 ADL closed their shorts at the market bottom and by ranking ADL by most profitable positions you almost always going to overshoot"
X Link 2025-12-11T00:11Z 4504 followers, 1041 engagements
"@ConejoCapital @HyperliquidX agreed at a minimum i think exchanges should follow @Lighter_xyz zero price approach which doesn't deleverage positions which would decrease health"
X Link 2025-12-11T01:05Z 4503 followers, XXX engagements
"(i never fud)"
X Link 2025-12-10T18:08Z 4505 followers, XXX engagements
"the most straightforward mitigation is for exchanges to hold reserves sufficient to cover losses without triggering ADL other solutions might involve limiting cross-margining and withdrawals if an exchange deems counter-party liquidity insufficient to cover potential losses what no one wants to talk about is even with all these approaches at some point an exchange faced with insolvency might be unable to settle trades and would be forced to halt trading and close positions at "invalid" mark prices crypto can only provide transparency. when leverage is involved there's no math that can always"
X Link 2025-12-12T06:33Z 4504 followers, XX engagements
"equalization every market participant wants to trade on an exchange with equal access to every other participant blockchains aren't competitive with NASDAQ for many reasons: performance throughput jitter latency etc but the biggest problem is fair access its not hard to engineer a collocated L1 so that every participant has equal access to the validator set but its impossible to engineer a globally distributed L1 running over the public internet where every participant has equal access to validators you can try to emulate fair access through economics where users pay to receive access to"
X Link 2025-12-12T06:47Z 4504 followers, XX engagements
"here are some scenario where an exchange might not hold sufficient reserves to cover loss for example on 10/10 if every short position withdrew profits before ADL kicked in on longs or every short position in a specific market was cross-margined with losing long positions such that all counter-parties cumulative pnl was also negative you can prove there are scenarios where there are no counter-parties remaining available to ADL and situations where triggering ADL could increase overall risk on an exchange and trigger ADL cascades furthermore as ADL kicks it its will encourage traders with"
X Link 2025-12-12T06:33Z 4504 followers, XXX engagements
"probably but that's not the case on @megaeth and it should be easier for fogo to implement FIFO in a single geography with their tightly controlled validator set (ie centralized) vs solana's decentralized global validator set solana is working on this with BAM but its harder when everything is decentralized"
X Link 2025-12-12T07:25Z 4504 followers, XX engagements