 | DeFi Market Journal The Sunday Briefing · Issue 2 · 4 October 2026 |
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$58 million, and no website
From the editor
In October 2021 a token called AnubisDAO raised about $58 million in a day. It had a Discord channel, a dog logo and no website. Around twenty hours in, the money left the pool and so did the people behind it.
No website was a warning you didn't need a scanner for. Most rug pulls leave signs like that, and checking for them takes about ten minutes with free tools. That's this week's guide, and it's the one to read first. If you've got a friend who buys tokens off Telegram tips, it's the one to forward.
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If you read one thing this week
How to Spot a Rug Pull Before You Buy
Five checks, in order: can you actually sell it, is the liquidity locked, what can the owner still change, who holds the supply, and what the wallet that launched it did before. No coding. A block explorer and a free scanner. One failed check is enough to walk away.
Read the five checks →
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This week |
 | Profile Anon, one of the busiest sellers on Liquid, has added liquidity behind his NFTs every day since August and logs each one in public. On 1 October he was on day 53, and by the 2nd he'd added $5,263.72. He's aiming for 365. We asked him why he started. |
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 | Guide A hot wallet is online and quick. A cold wallet keeps your keys offline. The guide covers what each one protects you from, what it costs, and how to split your crypto between them, with a quick checker that tells you which you need. |
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 | Liquid Genesis and Alpha holders on Liquid can claim their share of platform revenue straight into their wallet. Top-ups land on the 1st of each month, based on the month before. Between them the two collections take 30% of Liquid's platform revenue. The first top-up landed on 1 October. If you hold one, hit reply and tell me what you got, and I'll report the numbers. |
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 | Liquid Applications close on the 16th and the mint follows a week or so later: 10,000 apes at 0.08 ETH on Ethereum. The project has the front cover of Issue 15 of Crypto Magazine, plus a four-page feature and seven full-page adverts. |
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 | Explainer A loan you take and pay back inside one transaction, with no collateral. You can borrow millions for about twelve seconds. Beanstalk lost $182 million in April 2022 to someone who did exactly that and used it to outvote everyone. |
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 | If I've got something wrong, hit reply and tell me. I read them. |
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Disclosure: Liquid NFTs, Liquid Apes and FUSD belong to CMC Group, which also publishes Crypto Magazine, where Robert Stone is Deputy Editor and worked on Issue 15. Links to Liquid in our articles are affiliate links. News and education, not financial advice. NFTs and tokens can lose all their value.
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