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. 171 posts so far, most recently 17h ago.

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

Essays

A price is not a sale

The price on the screen is the last trade. What you get is what a buyer pays you. In September 2026 the typical token lost 14.5% selling $100,000.

Essay
No. 1
Quote
A price tells you what the last trade was. A sale tells you what you get.

This measurement has aged. It was true when it was taken 9d ago and is kept here as a record. The page below carries the current figure.

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.