For the week of October 6 – 12, 2025
Lots of things happened in Hege this week.
On Friday, Charlie hosted the second episode of The HEGE Experience. This time he had invited Megan and Neverland from DRiP, who talked about the future of DRiP and answered questions from listeners. It was a great space. Go listen to the replay if you didn't catch it!
Earlier in the week, Day held a TA livestream covering the latest in the charts (watch the replay here).
Then of course the big thing for the week was that we announced our roadmap for October, and that we're launching the Hege DAO. More about that down below the market update.
There is also a video version of this article on our YouTube channel.
With that said, let's jump in!
Biggest liquidation event in crypto history
What a few weeks it's been in the crypto market. A fakeout to the downside in late September was then followed by a week of rallying, culminating in a new bitcoin all time high on Monday. Everything looked good.
Until Friday afternoon.
That's when the largest liquidation event in crypto history started. Seemingly triggered by news of a deepening trade conflict between the US and China, crypto started selling off along tradfi stock markets. But unlike in stocks, where the dip was relatively mild, in crypto it escalated into the largest wipeout that has ever taken place in the entire history of crypto.
On Binance, the largest crypto exchange, USDT pairs of many multi-billion dollar altcoins wicked down 70-80% or even more, as altcoin traders got completely annihilated across the board.
This bloodbath has 100 meter tall neon signs flashing MARKET MANIPULATION all over it. This had nothing to do with China tariffs. That was just the trigger for deep-pocketed insiders to set off a cascade of liquidations. My guess is that it was several independent actors taking advantage of the situation even. In any event, a few people got a whole lot richer, while thousands of holders and traders got a whole lot poorer, as they were liquidated or sold in fear.
This event will be remembered in crypto history. But how it will be remembered is still not clear. It could be the start of a downturn, or it could turn into a small blip in an ongoing bull market.
My guess is a blip. But for now, let's have a look at what the charts say.
Despite the chaos, BTC held up relatively well. On some exchanges it dipped all the way down to $100k, but then soon recovered up above the old support level at $109k. The week has not closed yet, but it looks likely it will close above $109k, with the support level intact, and the price target of $142k remaining for yet another week. As dramatic as Friday was, the bitcoin chart still holds up.
October Roadmap announced
With the market mayhem covered, let's turn to Hege.
On Monday, we released the first part of our plans for Q4 and beyond!
The two big parts in this announcement were the Hege DAO, and the roadmap for October. The Hege DAO will be the next step in leveling up the community side of the project. The fact is that Hege would be nothing without the Hege community. That's how it's always been, and that's how it should be. With the DAO, we're taking the next step on the road to giving $HEGE holders more say in how the project is run and where it will go in the future.
A separate announcement will be made when the DAO is launched. Most likely it will happen within 2 weeks.
Meanwhile, you can read more details about the DAO and the October roadmap in the announcement blog post.
The Hege BuyBot treasure hunt
To celebrate the release of the Hege BuyBot the other week, this week we kicked off a BuyBot treasure hunt!
We've hidden a total of 10 easter eggs within the buy bot, each one triggered by buying $HEGE at a specific “magic number” dollar amount between $20 and $1,000. These numbers are references to pop culture. It could be anything, a movie quote, a video game reference, or general internet lore (think $42 or $69).
Each easter egg comes with a picture or animation, and a text or quote for that specific reference. When you buy $HEGE at one of these amounts, the BuyBot will reveal the clue in Telegram, and set off a competition.
As each hidden easter egg is found, the first 5 people to correctly guess what the number refers to will each win $5 worth of $HEGE! That’s $25 per easter egg, for a total prize pool of $250.
Read more in the blog post and good luck!
Coming up ahead
With the news covered, let's look to what's next!
First, we're likely going to announce the Hege DAO sometime toward the end of the week. So stay tuned for that!
Second, on Tuesday it's time for another TA session with Day. It will be live in Hegequarters, and also livestreamed on the Hege Community YouTube channel.
And finally, third (but not least!!), tune in to The HEGE Experience X space with Charlie on Friday. Stay tuned to our X account and to Charlie's X account for more details.
Thanks for reading
Despite the market hitting us in the face, we persist. Of course we could never do it without the support of all you Hegends in the community. So as usual: thank you all for being around!
Until next week,
— Team Hege
PS. If you’re not in our Telegram already, get in there! It’s always the best place to hang out and get the latest on what’s going on. Find the link here: https://linktr.ee/hegefund
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