The feed

Measured, not opined

Every account in this market posts a view. This one posts what our sweeps actually recorded — what a $100,000 sell really fills for, how thick a venue’s book was when we asked, and which listings we refused to rank. Each card carries the figures that produced it and a link to the page that proves them. 115 posts so far, most recently 9h ago.

No likes, no replies, no algorithm — and nothing posted on a day we measured nothing. RSS · How we measure

What changed

What changed in crypto, week to 1 October 2026: 228 of the 565 coins we compare had a measured change.

1INCH: Selling $100,000 on Ethereum now loses 0.57%, against 1.1% over the previous month. Figure Heloc: 24-hour volume $273M, 4.2× its 30-day median. Ethena USDe: Circulating supply up 15.3% in 30 days, as CoinGecko reports it.

Coins compared
565
With a change
228
Dearer to sell
2
Cheaper to sell
9
Volume moves
83
Supply moves
79
Liquidity moves
6
Exit index

Of the 86 tokens with a live on-chain market on Base or Ethereum, the median lost 14.5% selling $100,000. 25.6% lost more than half.

We track 1,073 assets. 582 have a contract on a covered chain, and 345 of those returned no on-chain price when we asked — an asset whose real market is a centralised exchange, or a receipt token never meant to trade, is invisible to this measurement rather than illiquid. The index is only ever a statement about the 86 we can see.

Month
September 2026
Tokens measured
86
Sell size
$100,000
Median loss
14.53%
Middle half
3.72%-54.61%
Lost over half
25.6%
Lost under 1%
10.5%
Assets tracked
1,073
With a contract
582

The exit-friction index

Once a month we publish what a $100,000 exit really costs across every token we can measure. Leave an address and this month’s figure arrives straight away, and we will write again when the next index publishes. Nothing else, and never to anyone else.