He made $800M shorting the housing market while his own investors sued to stop him. He is short the AI trade now — nine names, disclosed by name, adding into a +34% rip. This coin’s fees take his side of that trade on-chain, and every action lands on a receipt.
Every coin has a story. This one has a machine — and it is on this page, running.
His book, the machine’s position, its receipts and its burns — read live off the venue it trades on, on every page load. Pre-launch reads PRE-LAUNCH. Nothing here is a mockup of a number.
The machine mirrors one man's book. Who is he? The one who was right last time.
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#####################*+#*#+-:-=--:. -*#########################################Nobody read the mortgage bonds. He did — then bought credit default swaps against the American housing market while the banks laughed at the trade.
originThey want their money out. He bars withdrawals, keeps paying the premiums, and is called insane for two straight years.
the costScion returns +489%. He clears roughly $100M for himself and hands +$700M to the investors who tried to stop him.
rightForbes called him “the hedge fund genius who started GameStop’s 4,000% rise.” He was out before the surge. Early, then right, again.
the patternScion Asset Management is closed entirely — no clients, no redemptions, nobody left to sue him. That November he starts publishing instead: Cassandra Unchained — the name Warren Buffett gave him testifying to Congress about the crisis he called.
no constraintsYou know paid groups. His is over 324,000 subscribers at $49 a month — the biggest alpha group on earth, run by the man who was right when it mattered most. Do the math yourself.
the group · per his substackNine names disclosed by name, the largest of them added into a +34% rip. He answers to no one, so there is nothing to soften.
now“Cassandra, as Warren Buffett called me during his testimony to Congress about the GFC, is unchained.”
— Michael Burry · about page of his own newsletterCassandra of Troy was given true prophecy — and cursed to never be believed. After 2008, Warren Buffett hung that name on Burry in front of Congress: the man who read the documents, said it out loud, and got laughed at until he was right. When Burry shut down his fund in Nov 2025 and took the trade public, he chose the name himself — his newsletter is called Cassandra Unchained.
$CASS is that name. Right, early, mocked, unchained.
That record has a live chapter. This is the trade, as it stands right now.
Aug 6: he discloses a Nebius short at ~$212 — bigger than the Oracle short he placed at the same time. A week later Nebius prints the best AI-cloud quarter of the year, revenue +454%, and the stock rips +34% in one session to ~$260. He added that same day. He is underwater, and he has not covered.
He answers to nobody now. So what he says costs him nothing but being wrong.
His read: AI infrastructure demand is being fuelled by financing arrangements “that may prove unsustainable”. Falling volatility then forces vol-targeting funds to lever up into the same trade — the melt-up feeding itself. Nine names shorted against it: SOXX, Micron, Nvidia, Caterpillar, Palantir, Tesla, Applied Materials, plus Nebius and Oracle.
“Possible we are near a major top, and possible a 1987-type fall.”
“I must short. Most should not.”
In 2008 taking his side needed a fund, an ISDA and a bank. Now it needs a wallet.
Creator fees from trading the token. No presale, no treasury ask.
SOL claimed, bridged to venue collateral, receipt written.
Nebius first, then the rest of the names he disclosed in public.
Fee-funded, not PnL-funded. Red does not switch them off.
Fees never have to ask anyone for money. That is why a book funded by trading volume can stay open through the kind of rip that closes everyone else’s.
So what does holding it actually do?
My supply gets scarcer every cycle. My wins buy bigger.
Fees do two things. They burn supply, and they post collateral against his book. Burns are funded by volume, not profit, so they fire whether the trade is green or red. Every dollar the short wins goes back in as collateral — the next one is larger. If he is early again, the burns fire while we wait.
Burry is the story, not a partner. No endorsement, no contact.
This one is already underwater at his second disclosed mark.
No private information. His size, timing and exits are unknown.
Ladder tier sizing is placeholder until mint. Not advice.