Story signal · how it spread on X · via Elfa

as of
thread quiet
Spread
i
Distinct X and Telegram accounts Elfa counted behind this story’s reports, summed over the thread. Not posts, not impressions.
4 accounts

first post
Leviathan +9.2 h later

V reaction
i
Price change from the first post to 24 hours later (CoinGecko). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
−6.8% 24h after post

$421.40 → $392.85
BTC −1.2% same window

Thread · 1 event · started 1 Sep 19:35
  1. UpdateVisa to restrict Crossmint-powered memecoin purchases from earning card rewards4 acc.
  2. Leviathan published this article

All times UTC.

Cited posts

  • @TheBlockCo The BlockOn X ↗

    THE BLOCK: Visa is moving to close a loophole that let Crossmint-powered memecoin purchases earn credit card rewards, per a @CryptoAmerica_ report, with a grace period ending next week. The move follows The Block's investigation into memecoin buys on Fomo and Robinhood Wallet.

  • @zackabrams Zack AbramsFirst reportOn X ↗

    Per a report from @CryptoAmerica_, my investigation into memecoin credit card purchases earning rewards and bypassing typical KYC led Visa to restrict Crossmint and its payment processor from using the "digital goods" category for memecoins. My analysis below 🔗

2 more accounts posted about this · 2 Telegram channels (no public link)

TradersTrader calls tracked by Elfa · not advice

Positioning · V

Open21 open positions · 20 long · 1 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 20 Sep 00:22 UTC.

Whole equity market, not this story

Crowding94th percentile · vs last 28 days, 50 typical
Pulse 24h28/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book95.1% long · 3,434 accounts

As of 20 Sep 00:00 UTC.

Social-monitoring data, not investment advice Elfa prices CoinGecko post text from Xas of

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