I remain very bullish $STONK. I think Solana jeets are going to be heavily punished for selling the best new protocol on their chain so early. Early buyers have been selling indiscriminately because they either have to much PTSD, or are retarded. Stonk will fix the Solana culture of jeeting tokens so quickly. The pain will teach them never to sell a protocol printing revenue, buying and burning back the token supply at a ridiculous rate with majority of revenue at like 1x annualised earnings in the early innings of a sticky meta in the early innings of a bull market. Stonk.

After 9 years in crypto I realised my edge is being able to sleep soundly with nearly my entire net worth in made up internet money. The normie mind could never understand, it’s unfathomable to them, and that’s why I keep on doing well. I watch my friends squirm about $200 going up and down and they can’t take it. We have developed such strong mental fortitude (mental illness) after witnessing traumatic event after traumatic event in crypto. It’s such a massive edge that only comes through time and pain. Your success in markets directly corresponds with how much uncertainty you can continually tolerate. You are paid to take risk. Cultivating conviction in crypto has been the greatest opportunity of my life so far.

One thousand five hundred and seventy eight dollars and sixty two cents for one $ZEC

USDe went to 15B supply as a new untested protocol on the back of a relatively tame/fairly poor crypto cycle, as we competed with AI for flows, whilst the Fed was doing QT. What happens in the opposite scenario + now we have equity perps? Run it all back and then double it.

I actually thought I was going to stop investing all my money in crypto last cycle after doing well and I was “muh tired”. And yet here I am balls deep again. What an absolutely fucking stupid thought that was. There is no second best asset class.

In all honesty, will be surprised if we manage to break that level first rather than seeing a fuckery move at range high. Feels like one more nasty move still required before up, but I will happily take the extinction of bears in one go too.

Haven't backed anything for a while, but more than happy to angel for @tenkafinance and put my faith in Emile. Bringing asset backed finance onchain is a huge opportunity. When done properly it creates a new category and takes on the biggest problem in private credit, which is liquidity. No ponzinomics here, just robust cashflow assets being connected to LPs onchain with proper risk management in place. Worth following if you're an LP looking for good risk adjusted yield.

Big impulsive daily from BTC. If BTC can break through that 82k level and close above then I think everyone holding off just piles in. We teleport to 90k. Most people heavily exposed still have a bit of dry powder, and I think it all just goes in. Bears on life support.

AI slop garbage copycat goes to zero.

One of the things that seems to be misunderstood about HYPE is that it is a token not an equity. Historically tokens have been worse than equities due to underlying risk and poor value capture. HYPE is the first one that captures all the value of a revenue machine and continually removes the float available making it a deflationary scarce asset. The right comparison is not to think about comping it directly to existing centralised competitors, but thinking about how much higher the share price of those competitors would be if they were continually removing their shares from the market with 99% of their revenue. Hyperliquid was still largely unproven and untested last cycle. "HYPE is fairly valued right now". Maybe it is right now, maybe it isn't. This will be its first cycle benefitting from increased onchain trading volumes with a higher trust premium, frontends specifically for US citizens, people holding the token due to it being a bull market with less fear of exploits/regulatory, everyone becoming a tradooor to escape the underclass, and the same deflationary tokenomics. How explosive could the upwards price action be in a bull market with the above dynamic? This is the bull case, and requires you to believe that HL volume and users will grow at a reasonable pace, and continue to maintain marketshare vs competitors.

“The rwa/meme pairing is a trojan horse to push RWAs onchain and give utility to memes.”

Yesterday @LaunchOnSF did $900k in revenue, demonstrating the stickiness of their product and flywheel. They have now burned over 16% of the supply already. Stonk's model and user base allows for actual runners to appear each week. They are adding more and more assets all the time, and attracting more creative launches. And the people I am seeing on the timeline attracted to Stonk eco tokens have historically never been interested in memecoins whatsoever. This is high signal to me. I still think it is the most mispriced asset in crypto right now. So much of the $STONK supply is being removed whilst the market cap remains this low. It will put extreme upward pressure on the price at some point.

Continually shorting the strongest coin in the market that has no revenue ceiling, which is being anchored to a larger % of Bitcoin's market cap, whilst it is in price discovery? I dunno man...

Ok, another week, and I've got 20 more invites for @EthenaPay Recap: - Up to 6% APY on your idle balance - Up to 5% cashback on everything you spend (leading rate for neobanks) - More good stuff but you probs only care about the above points I'm using for all spending. Can personally confirm it's working great. DM me if you want an invite and are actually going to use it for your spending

Expanding on this, I still think a you need the long end to stop going up for BTC to go meaningfully higher. It will act as a headwind otherwise. The bond market takes a bit of time to move after FOMC, so we will see what happens today/tomorrow. Should it melt up then I think you get a bigger drop on BTC. The dynamic is still buy the dip. Select alts currently don’t give a fuck. They also didn’t care and were moving up, albeit slower, when BTC was down in the 60s. There is a rotation of capital going on from overpriced garbage to select quality on crypto. These internal flows alongside sidelined onchain capital have been enough to keep pushing quality alts with strong revenue stories and TAM narratives.

First and foremost Stonk is an onchain cultural movement that is fixing Solana and rewarding holding on the chain again. The energy and vibes were the thing that made Stonk stand out to me, and put it in a different category to a lot of other stuff out there. Just look at all the community members building dashboards, creating original content for the eco tokens etc. It has the underdog status to Pump, and everyone loves an underdog. Secondly, the model is actually good (bundles a lot of previous mechanisms to create a nice simple experience). It has the creative playground type model where every day you can see a dev launch something fun with the ever growing number of assets being supported. We keep seeing one or two launches catch on every few days. ALLINU another example. Crypto to any crypto pairs are actually the best thing that Stonk has going for it imo, as I think crypto is going to massively outperform equities across the medium term. ZCAT is up 40% in the last 24 hrs which is validating this thought. Stonk also benefits from any select equities doing well that people are bullish on. I think Stonk is sticky as long as crypto is doing well, which it looks to be for the foreseeable future. Yes, of course there will be a day when Stonk's metrics will have peaked (but don't be that meme that says "you are fucked when the music stops" after others have made wild gains over a long period of time). I think we are just past the first major dip, and people are very interested in getting more exposure to the coins they think are going to do well this cycle, alongside a fun bet on a meme that could be very reflexive alongside it.

Everyone watched ZEC go down 50% in 24 hours earlier in the year. It was in hindsight the best thing that could have happened. Majority don’t have an outsized position as a result and are adding on all dips.

Rate hikes High oil High long end yields Clarity Act failed And the coins are up? Shrugging off bad news is one of the biggest telltale signs we have had a regime shift. Dips are for buying.