REJECTEDWALL #239
Sam Ikkurty
Posted April 14, 2026
PERMANENT LINKcftcsucks.com/239
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RCIF II - Five bullet Friday - Issue # 46
Dear Partners,
We are starting this new year with a major swing down in bitcoin. Since many coins are priced in terms
of bitcoin, it pulls the entire market down. The market sentiment seemed to be negative.
1. When China try to shut down a lot of bitcoin miners around May 20th of last year, it caused the bitcoin
hashrate to drop by 50% in just 2 weeks. China was successful in its efforts since we know that hashrate
dropped a lot very quickly. This week Kazakhastan had a lot of civil unrest and the local government
shutdown the internet. this caused bitcoin's hashrate to drop by 15% just overnight. It is a huge drop, but I
am sure that bitcoin will survive this drop. Most of the miners moved to Kazakhstan, when they were forced
out of China.
2. KlimaDAO has dropped steeply since its launch on October 18th, 2020. As far as I know, KLIMA is the
first token that went from 0 to $1 billion valuation in less than a week after the launch. There was an
enormous demand for this token but very few are available. It caused a huge spike in price. However, another
DeFi lending platform, market.xyz has allowed token holders to borrow against their KLIMA as collateral.
Almost 100,000 KLIMA tokens were used to borrow against it. When the price dropped, it caused cascading
liquidations. These are forced selling started from the protocol. It gave us an opportunity to acquire more
KLIMA.
Dear Partners,
We are starting this new year with a major swing down in bitcoin. Since many coins are priced in terms
of bitcoin, it pulls the entire market down. The market sentiment seemed to be negative.
1. When China try to shut down a lot of bitcoin miners around May 20th of last year, it caused the bitcoin
hashrate to drop by 50% in just 2 weeks. China was successful in its efforts since we know that hashrate
dropped a lot very quickly. This week Kazakhastan had a lot of civil unrest and the local government
shutdown the internet. this caused bitcoin's hashrate to drop by 15% just overnight. It is a huge drop, but I
am sure that bitcoin will survive this drop. Most of the miners moved to Kazakhstan, when they were forced
out of China.
2. KlimaDAO has dropped steeply since its launch on October 18th, 2020. As far as I know, KLIMA is the
first token that went from 0 to $1 billion valuation in less than a week after the launch. There was an
enormous demand for this token but very few are available. It caused a huge spike in price. However, another
DeFi lending platform, market.xyz has allowed token holders to borrow against their KLIMA as collateral.
Almost 100,000 KLIMA tokens were used to borrow against it. When the price dropped, it caused cascading
liquidations. These are forced selling started from the protocol. It gave us an opportunity to acquire more
KLIMA.
3. YFI has been lagging the market since its run-up last year to $90,000. Recently I voted for 2 proposals,
that will change the tokenomics and bring lot of YFI token buybacks. YFI is currently earning $100 million
in year in Vault fees and has $5 billion locked in its vaults. It is currently selling at a big discount to its
intrinsic value. The new tokenomics should easily bring its price above the previous high of $90k.
4. OlympusDAO aspires to be the reserve currency for the world. Olympus Pro is a new product that allows
other protocols to raise money in the form of OHM tokens. It is a major game-changer for the entire DeFi
marketplace. This is enabling a huge diversified treasury of assets controlled by OlympusDAO. It is slowly
turning into the BerkshireHathaway of DeFi.
5. Today KLIMA is currently ranked at 277 on the coingecko list. When I look above KLIMA in the list,
very few of them have what Klima has. Klima has an enormous impact on the real world and Klima tokens
are backed by a treasury of assets valued at $140 million. Klima has announced that they will be bringing a
new asset into their treasury, called MOSS carbon credit. These tokens are distributed to the developers of the
projects who build forests in Amazon. KLIMA will gain value by bringing new assets into the treasury. Their
roadmap looks very promising and I continue to be very bullish on KLIMA.
that will change the tokenomics and bring lot of YFI token buybacks. YFI is currently earning $100 million
in year in Vault fees and has $5 billion locked in its vaults. It is currently selling at a big discount to its
intrinsic value. The new tokenomics should easily bring its price above the previous high of $90k.
4. OlympusDAO aspires to be the reserve currency for the world. Olympus Pro is a new product that allows
other protocols to raise money in the form of OHM tokens. It is a major game-changer for the entire DeFi
marketplace. This is enabling a huge diversified treasury of assets controlled by OlympusDAO. It is slowly
turning into the BerkshireHathaway of DeFi.
5. Today KLIMA is currently ranked at 277 on the coingecko list. When I look above KLIMA in the list,
very few of them have what Klima has. Klima has an enormous impact on the real world and Klima tokens
are backed by a treasury of assets valued at $140 million. Klima has announced that they will be bringing a
new asset into their treasury, called MOSS carbon credit. These tokens are distributed to the developers of the
projects who build forests in Amazon. KLIMA will gain value by bringing new assets into the treasury. Their
roadmap looks very promising and I continue to be very bullish on KLIMA.
Have a wonderful weekend!
Sam Ikkurty
Published on samikkurty.com | Rose City Investment Fund | CFTC Case No. 1:22-cv-02465 (N.D. Ill.)
Sam Ikkurty
Published on samikkurty.com | Rose City Investment Fund | CFTC Case No. 1:22-cv-02465 (N.D. Ill.)
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Posted2026-04-14T08:16:32.000Z
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