Let’s have some fun down this rabbit hole…

Market
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Some companies build chips.

Some build mining machines.

Some just build narratives.

But what if one of them did all three?

What if they…

– Made the only machines for a forgotten coin

– Let others mine it till most of them gave up

– Quietly hoarded supply

– Controlled hashrate

– Partnered on stablecoins

– Bought $50M in BNB

– Hinted at buying 10% of the BNB total supply

– And had their CEO sitting on a national AML tribunal?

What if that same CEO had already fought this exact script at Canaan Creative against Bitmain in the past?

What if that coin is now the most profitable one to mine…

…and nobody noticed? Even with a $10M market cap. Even with no hype. And even though its block reward will never shrink - 1 coin per second, forever.

Unlike others, it can’t die from starvation.

Machines are gone. Just single g minis available after few months of nothing.

And they?

Maybe they have the coins.

They have the hardware.

They own the mining monopoly.

What if you’re not looking at a stock,

but a switch?

Flip it - and you’ll understand.

It’s not a chip stock.

It’s a machine. A loop. A Trojan horse.

Nano Labs = MicroStrategy 2.0

Grin = Bitcoin 2.0

⸻

Ignore it.

Laugh at it.

Call it a conspiracy.

But when it moves…

don’t say the signs weren’t there.

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Zoom out.
Grin and Nano Labs have been moving in near-perfect sync over time.

And here’s the twist — both started pumping before the Binance news dropped.

That leaves us with two options:
1. Pure coincidence – just market noise, timing, randomness.
2. Somebody knew – and maybe… someone orchestrated it all.

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So here’s something that might’ve slipped under the radar.

Back in November 2024, Jack Kong — CEO of Nano Labs — tweeted that Grin received a 100 BTC donation from Binance.

Right away, Grin community members jumped in to correct him, saying the donor was anonymous, not Binance. There were quite a few replies explaining that.

But here’s the weird part:

Jack never responded. Never clarified. Never deleted the tweet. It just stayed up for months.

Until now.

Just days after Nano Labs announced its massive deal with Binance, Jack quietly deleted that tweet.

So what changed?

If it was a simple mistake, why not delete it back then?

If it wasn’t a mistake… why delete it now?

Here’s a theory:

Jack knew exactly what he was saying.

He and CZ are probably closer than most people think.

And I seriously doubt Jack would casually tweet that unless he was sure.

Yes — Binance didn’t exist yet when those 100 BTC were mined.

But that doesn’t rule out that people behind Binance were already around in Bitcoin’s early days.

And the deletion? Feels like someone decided that tweet wasn’t supposed to be on the timeline anymore.

Maybe it was too revealing.

Maybe it was always true.

But either way — that tweet stayed up for months… until the deal was sealed.

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I first heard about Grin back in 2019 — but honestly, I don’t know how fast those mining machines were selling at the time, or if demand was insane or just decent.

But here’s what I do know:

Every time Grin received a 50 BTC donation — totaling 100 BTC from those legendary wallets — the price spiked and the hype surged.

If those wallets really were linked to Binance (directly or indirectly), then it’s fair to say they played a major role in fueling Grin’s early hype. And that hype? It likely helped sell out iPollo’s mining machines, which Nano Labs designed.

Which brings me to the bigger question:

What if Nano Labs and Binance have been collaborating since back then — quietly supporting each other?

Was it just a narrative tool to drive early machine sales?

Or… is there a much bigger plan behind it?

What do you think guys?

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Thanks for sharing your detective work. Also, Binance donated $15k to Grin’s mobile wallet development: https://www.binance.com/en/blog/all/binance-labs-grants-first-fellowship-round-supporting-opensource-blockchain-development-323308217272557568

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Yeah, the $15k grant. Some folks say Jack might’ve confused it with the Ironbelly wallet but come on… with his position and ties to Binance, I doubt he’d mix that up, especially in a public post. The tweet was up for months, and multiple people corrected him under it. If it was a genuine mistake, he had every chance to clarify. He didn’t. Then he quietly deleted it right after the Binance/Nano Labs deal was announced.

There’s more to this.

Poloniex, for example not only listed Grin early, but also granted it with some funds. It could very well be more proof of quiet support from a network of Asia-based entities that gave Grin serious traction in its early days.

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Now add this:

– Grin got delisted from most CEXs over the years. That might look bearish at first glance but what if it served a different purpose? It pushed the price down, killed public interest, and drained miners. Classic capitulation. Perfect setup for accumulation.

– The only CEX still listing Grin is Gate.io which, not surprisingly, is also China-based. There’s a long thread about manipulation on Gate:

https://x.com/crypto_nagini/status/1895536113340862856

https://x.com/crypto_nagini/status/1939592784010428460

And don’t forget the sudden appearance of a mystery mining pool during the last price spike. As far as I know some claimed it was just a display bug. But my first thought? iPollo quietly testing the next-gen Grin ASICs.

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I thought that Grin only received 50 BTC from an anonymous person, how come where the remaining of 50BTC?

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It happened twice.

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good to know… anyways, it looks like grin-pm/financials at master · mimblewimble/grin-pm · GitHub is not updated quarterly like in the past.

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Ya and then like 2 weeks ago a mysterious buyer came onto our keybase chat and started saying how he’s buying mad grin, ended up buying about 3% of the total supply - what does he know that we don’t?

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That’s wild. But maybe not as wild as it sounds.

Top 1 again on WhatToMine.

Old ASICs are sold out since forever.

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No new machines on the market — yet. Just couple of g minis.

Meanwhile, a public chip manufacturer with a mining background,

Binance backing,

and a promise to hit $20/share…

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is oddly quiet.

Now someone’s buying 3% of total supply like he knows something.

Maybe he doesn’t know a secret.

Maybe he is the secret.

Because if you hold the tech, the coin, the miners, the hashrate and the silence

you don’t have to talk.

You just accumulate.

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