Insilico Terminal Podcast Insilico Terminal Podcast Episode 8 - Ponzi Maxi
Oct 30, 2025
Ponzi Maxi, a cryptocurrency trader and member of Spartan Group’s liquid fund, shares his journey through the crypto world, revealing lessons from significant wins and painful losses. He discusses the transition to perps trading and the psychology behind it, emphasizing the importance of teamwork and collaboration in trading. Ponzi reflects on missed opportunities during the Hyperliquid airdrop phase and offers insights on adapting strategies in a fast-changing market. Tune in for trading tips and advice on letting go of underperforming assets!
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Trader Joe Euphoria Turned Devastating Loss
- Ponzi Maxi recounts a euphoric 5x Trader Joe win that he then round-tripped by overtrading and holding through a downturn.
- The experience gave him lasting PTSD and reshaped how he manages emotion and position size.
Missed Hyperliquid Farming Regret
- Ponzi Maxi skipped farming Hyperliquid early due to visible points programs but later bought and sold chunks after launch.
- He admits he underfarmed and still regrets missed asymmetric payoff opportunities.
From On-Chain Alts To Perps And Macro Spot
- Ponzi Maxi shifted from on-chain alts to perps because new projects are often venture-funded and overvalued at launch.
- He finds more alpha now in macro spot allocation timing and in public sale opportunities.