Cathulhu Online, MUNYA!

Chapter 204 – Cat Dad is STRONK

WHOOSH

When Xiaomao opened his eyes, he found his subordinates and himself in a grand dome, near a large fountain with a statue of Pangu.

Half of the fountain water was pitch black while the other half was dense white, which seemed unclean and dangerous. The pool water around the fountain was also segregated into the white zone and black zone, flowing clockwise in the round pool.

As the black and white water moved, it generated Qi and oxygen in the air. Xiaomao looked at it and felt like he knew this type of Qi, but he couldn’t describe it.

DING

<Welcome to the Grand Lobby Hall.>

<Please register your guild’s presence in your guild’s waiting room. When your match starts, your team members will be summoned to the battlefield.>

Lucky, Shepherd, Xiaomao, and everybody could see the notification messages. They were relieved that they weren’t randomly sent to a hostile zone right away. They relaxed and looked around to admire the scenery.

Aside from the fountain and the statue at the center, stone walkways, marble railings, flower gardens, public chairs, and shop stalls made this place interesting. Xiaomao thought that he was in a public park or a famous tourist spot where families gathered to enjoy nature and food.

Far toward the edge of the hall, thousands of bronze gates surrounded the public park. The doors were closed. The illuminating guild insignias on top of the gates indicated that they might be related to the guild war event.

The guild members looked around for a while. Although the stalls and the shops were still open, no player was around.

Xiaomao approached one of the food stalls as he could use food for the NIHIL cultivation method. The stall offered smoked sausages, squids, pork, beef, and even lamb chops.

Seeing and smelling the food made Xiaomao hungry. He drooled and gazed at the stall vendor.

“How much for these, munya?”

“One PACT per stick, sir.”

“Oh, so cheap, munya!”

Xiaomao’s sense of money was slightly corrupted and warped after he had several million dollars in his crypto wallets. As he was reminded of the cryptocurrency, he recalled that he had unclaimed money from the auction.

He pointed at everything on the shop display and ordered 1,000 of each food, stunning the shop NPC.

“T-This will take a while to cook and warm, sir. Would you mind waiting?”

“Sure, munya! Don’t worry about the bags or the packages. Just separate the sauces and the food into different boxes or something. Think of it as a bulk-buy takeout, munya! Oh, for the lamb meat, keep it raw… VERY RAW to the point that you mustn’t cook it, munya. Season them with spice and chilly peppers for me.”

“O-Okay, sir.”

Xiaomao hummed as he converted his crypto tokens into physical tokens in-game. While he was at it, he opened the auction website and transferred his dollars to his crypto wallet. Then, he admired the balance.

<strong>183,692,093 USDT</strong>

<strong>87,351,100 PACT</strong>

Xiaomao scratched his head. He had been selling random obsolete items and crashing the game’s market, and he rarely checked his bank account. Upon seeing the unreal number, he snickered.

‘My life is golden. Come to think of it, my real-world life is pretty much done for. I don’t need many dollars on me since I will spend most of my time in-game. Since the PACT price is low at the moment, I should stock up.’

Xiaomao paid the shop NPC 50,000 PACTs for 50,000 units of food. Then, he opened the game’s trading site, where he could exchange USDT into PACT.

When Xiaomao saw the trading graph, he furrowed his brows. Previously, he bought most of his PACTs for four or five cents. However, the current price was now 0.75 dollars for each PACT.

The price jump indicated one thing – The whales or the insiders were hoarding the tokens! There was no way that the price could jump 1,500% within a week or two without their involvement! At this rate, the small traders would get greedy and follow the trend, rapidly spiking the price to the moon.

Seeing the growth rate of the token’s price, Xiaomao rechecked the total amount of tokens in the market and the market cap. He also peeked at the list of major token holders.

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<strong>Max Supply:</strong> 100,000,000,000,000,000

<strong>Circulating Supply:</strong> 450,107,053,058

<strong>CEX Volume:</strong> $7,506,967,200

<strong>DEX Volume:</strong> $78,005,901

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Any rookie trader might get confused by looking at the number. However, the CEX volume was enough for Xiaomao to figure out what had happened.

CEX was a measurement of how much the tokens were traded in the last 24 hours on centralized exchange sites. As for DEX, it was the summarized trading volume of the decentralized exchange sites.

During normal days, the trade volume never went beyond a hundred million dollars. At best, a couple of spoiled young masters of a conglomerate might throw a few million dollars into the game to invest in their guilds or gears when they first entered the game with their friends and subordinates, which increased the token price by five to ten percent within 24 hours.

However, the number of gold farmers and play-to-earn players was millions. Every day, they converted in-game items into PACT and exchanged them into either stable coins or real cash, thus gradually dumping the price.

From the perspective of an investor, PACT holders might lose all their investments in a month or two because of the existence of gold farmers and play-to-earn players.

However, this game was not a run-of-the-mill game. It involved superpowers, immortals, and aliens. Politicians, insiders, and sponsors of this project might have been waiting for this opportunity to collect more tokens for profits.

And now, they made their moves.

Xiaomao sweated profusely. His tentacle trembled, tempted to join the future trade with the leverage of 100X or higher.

Losing to his temptation, Xiaomao transferred eleven million dollars to a centralized exchange site. He immediately entered the future trade tab.

As Xiaomao had verified his account on this site before, he didn’t need to waste his time filling out forms. He immediately put in one million dollars and LONG-POSITIONED the PACT token with a leverage of 125X, the maximum that he could participate!

Xiaomao continued to sweat as he had never dipped his hand into the margin market with this much money on the line. Still, he had ten million dollars sitting there so that his margin contracts wouldn’t be liquidated easily in case the price suddenly dropped. With the 10 million dollars as backup, he had a small breathing room to react when the market changed.

As for the rest of the USDT, he converted them into PACT right away. He didn’t care if he had to buy it at a higher price after the calculation.

Fortunately, he didn’t throw a hundred million dollars into the token right away. He slowly threw in one million at a time.

DING

A short green bar appeared on the trading board. From 0.75 dollars per token, it jumped to 0.751.

Xiaomao raised his brows. It seemed that the price’s resistance was fiercer than he had expected. He rechecked the sell volume.

A total of a billion PACT for sale were listed between 0.76 and 0.8. It appeared that the gold farmers and play-to-earn players were cashing out at this time. On the other hand, many bidders kept jumping into the market and collecting the tokens, decreasing the number of tokens in the market at a rapid rate.

Xiaomao prayed hard. As soon as they ran out of tokens, there would be no resistance to the climb. He jumped into the fray and exchanged a hundred million dollars into PACT at once!

DING

Over 131 million tokens were added to Xiaomao’s account, but the price jumped to 0.77.

Xiaomao looked at his remaining 70 million dollars. He wanted to buy more, but he was worried if the one-million-dollar margin trade now was a good idea.

DING

Xiaomao didn’t need to worry any longer. Suddenly, a whale trader gobbled a billion tokens from the market instantly! The price got up to 0.81.

From this point, not many sellers positioned here. Between 0.81 and 1 dollar per token, only 400 million tokens were in the market.

WHOOSH

Someone suddenly sold 200 million tokens at the market price, dumping the price to 0.76 for a moment. Several sellers also listed several millions of tokens for 0.77.

Xiaomao shrugged and used the remaining money to buy as many tokens as he could get. He pressed the market-buy button and claimed the tokens.

DING

As if someone also purchased the tokens at the market price, too, five billion tokens were gone from the sellers, increasing the token price to 1.35!

“Jesus Christ! Who the hell eats all those tokens, munya?!”

Xiaomao dryly laughed. He rechecked the margin trade menu that he had bet earlier.

ROE: +9,920%

Xiaomao raised his eight tentacles overhead and touched his head in confusion, acting like a monkey. He didn’t know how the margin was calculated, but a million dollars earlier was now 100.2 million dollars because of the leverage calculation.

DING

Suddenly, Xiaomao received a letter from the exchange site.

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Dear precious customer,

Due to the irregular activities of PACT tokens, we have decided to limit the margin trade to 50,000 USDT per account, and the leverage will be capped at 10X. As for the existing contracts, they will be automatically settled at 01:00 AM on December 31st, 2024. However, you can manually settle the contracts before then.

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Xiaomao laughed at the exchange site and looked at the calendar. Today was already December 30th, so Xiaomao had one day to end the contract and claim his rewards. It appeared that they had decided to minimize the damage and curb the margin market.

Xiaomao didn’t know if some insiders or big shots had the same idea as him. Although it was a pity that he couldn’t jack the price to 10 dollars per token or higher, locking a profit when the market was in chaos was never a bad choice.

“Stupid gamblers! You shouldn’t have allowed me to 125X that token, munya!”

He was satisfied with the current profit. Xiaomao settled the LONG contract and claimed his bounty.

DING

The 117,157,000 USDT profit was locked. However, the exchange site held the token transfer and sent a message to Xiaomao that the USDT tokens would be given to him within 7 work days.

Because of the settlement, the token price dropped by 0.01, but whales kept buying and increased the price. A minute later, the token’s value became 1.45.

“Ah, I could have made a lot more. I’m still a noob trader. Anyway, a 10,000% profit is never a bad profit, munya!”

Xiaomao cackled as he accidentally made a lot of money because of his beginner’s luck. Without worrying about his cash anymore, Xiaomao exchanged the remaining ten million dollars to PACT. He didn’t even bother looking at the price.

CHA-CHING

Xiaomao reviewed his crypto wallet balance. Minus the 117 million USDT that he would get in two weeks or so, he was satisfied with the result.

“I’m also a wolf of crypto trade, munya!”

<strong>USDT: 200 + 117,157,000</strong>

<strong>PACT: 209,266,991</strong>

Xiaomao hummed and toured around the place, stocking up on more street food.