I’m seeing a lot of people lately expressing some variation of: "Why tf would I hold coins anymore? They all go to zero every time." I actually agree. Most projects aren't worthy of being long-term holds. However, you make a ton of money when you find and hold one that is. Typically, these are projects led by talented builders in markets with massive potential. They have solid fundamentals but remain overlooked or entirely undiscovered. In my opinion, one of those rare projects is @buypurps. It revolutionizes the concept of memecoins and what they represent. By backing coins with real assets in the form of perps, you’re no longer trading an asset that moves purely on narrative. The underlying asset acts as a cushion during moments of high volatility. Purps represents the intersection of memecoins and perpetuals, which are two of the highest-energy markets in crypto. It unifies these ideas elegantly, making both better and more approachable to the masses. The team is also determined to make the platform's UX more intuitive. We are already seeing builders realize what this new primitive unlocks, and I fully expect to see exciting projects built on the Purps infrastructure soon. I see many catalysts ahead and am looking forward to a repricing in the near future.

120M $PURPS has been bought back and burned. Because the burn rate is driven by perp profits rather than purely volume, token burns actually accelerate during market drawdowns. It's a new concept that sellers haven't fully understood yet.

For the @PerpsPadfun team, the job is not finished until you get the chart looking like this. 🫡

During violent price drops, holding a solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx ecosystem coin like $GP leaves you with very little as volume inevitably dies. There is nothing backing the asset except a fading narrative and transient volume. Currently, $GP sits at a $7M market cap with only $11K in pending distributions (left pic). In contrast, $PURPS sits at a sub-$700K market cap with $56K in its vault (right pic). That capital is actively deployed on Hyperliquid to generate additional yield, which is then used to buy back and burn the token. Would you rather invest in a static reflection token, or an economic engine that perpetually generates profit from trading fees? Make it make sense.

Purps just launched a unified API that lets you launch coins and manage the perpetual strategies attached to them. Profits automatically feed into buybacks, burns, and airdrops. Nearly every aspect is configurable, so you can do some incredibly creative things with it. Time to build!