I’m just mind boggled how Joe’s funds can be down 80% when he was super early on $BONK $SOL and other stuff
It’s literally impossible unless he went degen 100x leverage to feel something 😳
Let’s go ahead get this out of the way.
Any insinuation that I posted that previous screenshot showing a liquid fund I was in was down $10M was to sabotage a potential DAT he was raising for because I am an investor in Upexi is absolutely FALSE and complete bullshit.
I actually want more Solana DATs. More institutions buying Solana the better for my SOL position. My position in Upexi compared to my overall SOL position is minor.
I had even soft committed 20M to his DAT prior to getting my quarterly statement which I received on July 17 which then ultimately changed my mind.
Why did I post the screenshot then? Was pretty flabbergasted and pissed off. We are in his fund with 2 entities at 5M initial each. So I had 2 statements showing down 10M each for the first half of this year while the market hadn’t been that bad by end June 31. Down 20M in 6 months would trigger anybody.
He posting stuff asking why I hadn’t posted his poor performance previously and I just happened to post it when he was raising for a DAT. It’s really not that deep. Don’t look at most my statements, my brother just happened to mention how bad this was. I am in 40+ funds. Some down, some up. NONE are down 80% in a bullish market. Down 80% in a deep bear market is acceptable for a liquid fund.
If you think there was some grand conspiracy to my tweet sadly you give me too much credit. I had no idea the post would blow up. Didn’t even mention the fund.
Why did his DAT fall through? No idea. I was hoping it would raise and add more Solana buy pressure in the market. I don’t hate Joe. Pissed off he lost me money but beyond that I don’t wish him any ill will.
Happy to clarify anything and answer any questions.

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