State of the trenches with Robert Chang

July 6, 2025

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Welcome back to The Gwart Show! Today, Robert Chang, crypto trader and prolific Twitter shitposter, joins us to talk about his wild ride through crypto’s highs and lows – from being a Luna lunatic to losing everything on Hyperliquid, navigating AI agent metas, getting rugged by VCs stealing his ideas, and why internet capital markets might just be elaborate poker chips with better marketing.

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Follow our guest on Twitter: @chang_defi

• Luna looping strategy led to total account loss

• Hyperliquid refunded liquidation due to oracle issues

• AI agent tokens hit incredible market caps in 2024

• Worm project went from idea to 4M market cap

• A16Z agent reached peak before January market top

• Most crypto VCs are “incredibly stupid” mercenaries

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