XPL chart is insane

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

Some quick $0.02 about tokens - as a pre-cursor to an article I hope to drop later this week. 1. Crypto is capital coordination technology. It helps move money, faster. The after effect of that, is capital chases and leaves ventures far faster. When ventures do not understand the side-effects of this, tokens list at high fdv and trend in one direction - downwards. 2. Markets are incentive design systems. VCs have a reason to list at high fdv. Founders have a reason to list at high fdv. Exchanges have a reason to list at high FDV. Market-makers have a reason to list at high FDV. When the high fdv games worked (2021-2023) - nobody was worried about revenue multiples. But markets are also truth machines. ICOs abused retail. So did exchange listings. Now that the marginal bid has gone, we are back to discussing revenue. 3. From a capital efficiency pov, smart contracts allow some of the highest margin businesses. Hyperliquid, Pump, Aave and Uniswap move more capital than most of their traditional peers. Tether is a highly profitable business. The challenge is not with revenue, it is with the lack of rights associated to tokens. You are not going to go buy a token (say UNI) if the foundation can take its own sweet time (six years?) to say - you know, we think the token should accrue value from interface fees. Pump clears a million in fees each day, but what is the person buying the token getting? In current state - crickets. Founders have low incentive to tie revenue to tokens and get tied up in DAO noise (refer Jup). Traditional allocators are not going to come bid something because "it has revenue bro". You need frameworks. Capitalism evolved over four centuries. We are trying to speed-run that in .. *checks notes*.. eight years. 4. DATs opened the kimono. We are now talking to TradFi. People want to understand the why. Most projects with lindy effects on revenue (hyperliquid?) trade at comparables to traditional fintech counterparts. AI becoming a high volatility avenue, alongside tariff drama meant people had no reason to come play around crypto (for vol). Those offerings are now in the equities market. 5. I think a huge reason why crypto struggles for relevance is we have the peter pan effect still going on. L2s gather around parties, ecosystem leads bicker on the feed while founders with revenue and scale struggle to find home. Marketing leads look at clicks and eyeballs instead of who is watching. The hyperbole feeds to the rot in the system. Year after year, the rot makes the system crumble - and you are left with what we have now. An ecosystem of L1s and L2s that have 10x more users, apps and revenue than 2022 - but with nobody valuing them. 6. TradFi companies struggle with revenue too. They also struggle with governance. The difference is there is forward leaning optimism and incentives for people to stick around. Startup equity can blow up to be worth nothing overnight in the traditional world (rippling vs deel?) - but there are large pools of capital that stabilise ecosystems. In crypto, said capital formation has not happened yet. Large funds (PE, hedge funds) - formed in 2022, but have mostly been burned (coatue, tiger, softbank) betting on liquid tokens. The managers that could bridge these pools of capital have low incentives to stick around when the game is based on social signaling and exchange listings. 7. I think every founder in the industry has one core challenge - finding pools of capital that are here to stick. For VCs, the problem is the same. Finding founders that are here to stick. Both are hard challenges when VCs hedge and founders call it a day 18 months in (story, aptos). The premia has eviscerated because trust has vanished. Thinking revenue fixes it, or techno-optimism will fix it, is akin to thinking putting together all the parts of a plane in a garage will have it fly. You need these parts arranged (governance, revenue, incentives, ecosystem) - from the get go. The difference between the apple/windows/linux discourse and crypto - is that the former had passionate people that were not selling their equity every 18 months. These things take time. All of these are issues that emerge in all technological cycles. I don't think there's a single fix to it. Perhaps, being honest about what's broken is a good place to start.

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

I think people continue to misdiagnose the problem The problem isn’t that buybacks have no impact on price (it’s the symptom) The root cause is and will continue to be that there’s no holder/investor protection baked into the token (legally & onchain) These buybacks are not enforceable and alon could tomorrow wake up and no longer feel like he wants to participate in this game and you can’t do shit (the market is pricing that in) For tokens with holder protection onchain/legal (like meta, avici and the meta eco) you don’t need buybacks cause you own the treasury. Value accrues to the treasury and the loop is complete What can we do now? > Ask for teams to pick between tokens and equity and stick to one > if you pick tokens don’t half ass it and pick a structure that empowers the token holders with rights

Name & Symbol: TokenFi ($TOKEN)
Address: 0x4507cef57c46789ef8d1a19ea45f4216bae2b528

- crypto on the presidential stage - circle ipo - fartcoin on CBS: The Late Show - trump & melania celeb coins - public companies rebrand as a crypto trade - backlog of shitcoin etfs - coinbase buys $25m uponly nft - zcash is pumping

Name & Symbol: Fartcoin ($Fartcoin)
Address: 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump

It keeps seeming like a great place to long Yet it keeps going down

Name & Symbol: Belong ($LONG)
Address: 0x9eca8dedb4882bd694aea786c0cbe770e70d52e3

Financials farming After reviewing dozens of private crypto companies over the past 12 months, I've noticed a trend no one talks about: most of them run Canton validator nodes and book validator rewards as recurring revenue (even pre-TGE). It's just like airdrop farming (with companies instead of degens): - Projects farm activity - & Companies get prettier financials (on paper)

Name & Symbol: Degen ($DEGEN)
Address: 0x4ed4e862860bed51a9570b96d89af5e1b0efefed

I wish we’d make new ATHs before 2026 Not for the sake of my portfolio Just to see crypto prove what it's capable of, once again

Name & Symbol: Aethir Token ($ATH)
Address: 0xbe0ed4138121ecfc5c0e56b40517da27e6c5226b

So Coinbase has lending on through Morpho on their app Are these deposits fucked? I think they were most (if not all) in stakehoise vaults https://t.co/Zq2uXRIM75

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

67 is a really great example of how cooked the trenches have been Been all over the internet for a while now Many different attempts to send a 67 related coin None of them with any lasting bid Pnut and moodeng and chillguy are laughing at us The trenches are have lost all motion Powerless

Name & Symbol: Moo Deng ($MOODENG)
Address: ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY

Fc btc, eth, sol, hype, pump, zec, virtual https://t.co/UzeE5dRyP6

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

all the stuff I'm farming rn stables: HLP cap usdai ethereal felix infinifi plasma liminal vincent liquid hype: kinetiq ventuals hyperlend project x hyperbeat hyperwave sol: bulk kamino what am I missing? also lmk if you want ref link to any of these https://t.co/her7VfXe5e

Name & Symbol: Kamino ($KMNO)
Address: KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS

all the stuff I'm farming rn stables: HLP cap usdai ethereal felix infinifi plasma liminal vincent liquid hype: kinetiq ventuals hyperlend project x hyperbeat hyperwave sol: bulk kamino what am I missing? also lmk if you want ref link to any of these https://t.co/her7VfXe5e

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

Fc BTC, eth, sol, hype, pump, xpl, bnb, zec 4hr https://t.co/MgMPmam2DH

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

Fc BTC, eth, sol, hype, pump, xpl, bnb, zec 4hr https://t.co/MgMPmam2DH

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

ICO era is net positive for crypto and for pricing new launches. Plasma first and now MegaETH and I'm hearing of another very soon. Looking forward to more competitively priced assets coming to market and forming a real capital markets environment as a result.

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

Had completely forgotten that Fartcoin was an AI coin originally cause Goat mentioned it Cc: @whosknave

Name & Symbol: Fartcoin ($Fartcoin)
Address: 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump

CZ/Binance have done everything in his power to harm Hyperliquid and it's users. - $XPL cascade - $kHYPE depeg attempt - Blatantly horrible execution on HYPE sells at the worst times to try trigger a liquidation cascade. - 10.11 rugged the whole market. Countless events before such as the JellyJelly attempt. Cz / Binance are a parasite to this industry, their sole objective is to defraud everyone else. They counter trade their own users with user funds. They try take down competitors in malicious ways. Boycott Binance and any of their products.

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

We like the bounce gm https://t.co/d8bKUE1JGk

Name & Symbol: GOMBLE ($GM)
Address: 0xd8002d4bd1d50136a731c141e3206d516e6d3b3d

$PUMP - H4 https://t.co/zccCIWmk6s

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

112k tomorrow ATH end of month What if?

Name & Symbol: Aethir Token ($ATH)
Address: 0xbe0ed4138121ecfc5c0e56b40517da27e6c5226b

oh btw, we recently did an oversubbed $2m echo sale, bringing the total raised to $8m no need for fancy designed announcements, thanks to our friends @z00m3rf13d, @comfycapital_, @gametheorizing, @devops199fan and of course @cobie check your emails if you participated gmonad

Name & Symbol: Echo Protocol ($ECHO)
Address: 0x06238c1b8e618abedf17669228dc95fb2d2e210b

XPL not moving at all on the Robinhood news? What’s up?

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

Pump token dropping so much that its buybacks are going to start to have an impact again

Name & Symbol: TokenFi ($TOKEN)
Address: 0x4507cef57c46789ef8d1a19ea45f4216bae2b528

Finally did some tallying I have done WAY too much seed rounds Most have actually been non crypto deals which seems better in terms of diversification and risk of getting rugged. Though upside likely more limited and time to liquidity is much longer My crypto seed rounds have been pretty terrible. In no particular order: 1. Been a few years. Pivoted a couple times and still trying to find pmf 2. Currently soft rugging 3. Hard rug. Pretended to build for a couple months. Pivoted. Gave up and cut all communication 4. Launched a product but failed to get pmf and is going to refund investors 50%. This is my best outcome so far!! 5. TGE very soon. Has done public sales at higher valuation. Unclear if product will have enough pmf to have valuation long enough for me to vest and get anything back on investment 6. TGEd and vesting currently. Product doesn’t have much traction. Mcap is right around the valuation I invested in This is not counting anything in Echo cause most is too new / not even close to TGE or even a functioning product. I am a great seed round investor. I have never sold a single token!

Name & Symbol: Echo Protocol ($ECHO)
Address: 0x06238c1b8e618abedf17669228dc95fb2d2e210b

That was quickest and deepest alt coin crash crypto has ever seen. Solana worked flawlessly, handling extreme load. Hyperliquid performed better than CEXs, and all other perp DEXs. All major DeFi protocols were robust (AAVE, Fluid, Kamino etc.) with no real issues for their users. Ethena proved itself again (continuing to function with no downtime, and processed mints and burns), and has come out of this event stronger with even more learnings. Onchain finance is the future of finance.

Name & Symbol: Fluid ($FLUID)
Address: 0x6f40d4a6237c257fff2db00fa0510deeecd303eb

That was quickest and deepest alt coin crash crypto has ever seen. Solana worked flawlessly, handling extreme load. Hyperliquid performed better than CEXs, and all other perp DEXs. All major DeFi protocols were robust (AAVE, Fluid, Kamino etc.) with no real issues for their users. Ethena proved itself again (continuing to function with no downtime, and processed mints and burns), and has come out of this event stronger with even more learnings. Onchain finance is the future of finance.

Name & Symbol: Kamino ($KMNO)
Address: KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS

select takeaways the good - 7 yrs ago btc easily -30-40%+ today, the thing is transcending - dispersion on alts greater than ever, so the space is maturing - btcs behavior shows what some of these other coins can grow into, and they will, eventually the ugly - retail will need to rebuild risk appetite - forward looking derivatives volumes depressed for a while - price action like this reinforces proximity to impending, optimistically: local or more cynically: cyclical, top specifically in crypto, divergence of vol b/w crypto and trad enforces this. It was well overblown for a 4% daily spx move - reflexivity doesn’t need a catalyst, it’s innate - stocks increasingly empirically have similar upside to crypto alts without the gut wrenching downside vol - you could call today an advertisement for alts-> stocks rotation, which has historically been the flow in bear markets. Now with brokerages like HOOD offering both in one spot the rebalance has never been easier. Circuit breakers, market hours, and weekends look more like features rather than nuisances when you get water boarded all friday evening the suss - Someone/group is shamelessly frontrunning US policy info - The speculation on who the above is is rampant while the possibility set is vast (i.e. tapped devices, malware, pure crime etc) - full blown investigation should occur to clear suspicions and provide truth. - On that tangent, a particular market related to US x Venezuela on Polymarket has some rather…informed looking flow. I’m watching this closely - conflict with Venezuela heightens China tensions, another wrench in this situation oh and lastly, it’s all ZECs fault

Name & Symbol: SPX6900 ($SPX)
Address: 0xe0f63a424a4439cbe457d80e4f4b51ad25b2c56c

1/ We recently launched our new @Plasma dashboard, where we track: - Network Fees - User Activity and Transaction Volumes - Stablecoin Transfers and Supply - Tether Reserves and US Debt Dynamics - Plasma DeFi TVL and DEX Volumes https://t.co/yr1Pu0oYoK

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

Rotation back to hype/pump/Xpl soon

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

Introducing The Fluid Reserve: Buybacks & Growth Strategy In just 18 months, Fluid has grown into one of the Top DeFi protocols: - $6B+ Total Market Size - Top 3 lending market, with $2.5B in active loans across all chains - $117B+ in cumulative trading volume - #2 DEX by volume and fees on Ethereum and #3 DEX across all chains - Earning $15M+ annualized revenue - #1 in stablecoin swaps USDC/USDT - GHO/USDC - USDE/USDT - #1 fastest-growing lending DAO - @jup_lend, as 2nd Largest lending protocol on Solana. - Fluid Lite ETH Vault: $250M TVL - FLUID first DeFi token investment by a Nasdaq company (@StableXTech) We continue building the most advanced protocol, pioneering the first connected liquidity layer with Smart Debt and Smart Collateral. We’re just getting started. Now, we begin a new chapter. https://t.co/ZuSGznXDPg Buybacks have officially begun. - For the first month, 100% of Ethereum mainnet revenue will go toward buybacks (~$1.7M at current levels). - Executed in smaller transactions for transparency & stability. - A dedicated Fluid Reserve Buyback & Tracking system has been created, with governance guiding the long-term model. The Fluid Reserve is designed to: - Support governance, stability and growth - Align incentives between growth and tokenholders - Build resilience across market conditions This balance of reinvestment and strategic buybacks is key to building a sustainable, resilient DeFi ecosystem. Buybacks are just one piece of the Fluid Growth. Stay Fluid for more.

Name & Symbol: Fluid ($FLUID)
Address: 0x6f40d4a6237c257fff2db00fa0510deeecd303eb

First show of somewhat strength from XPL

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

We’re gonna pump so much that even XPL goes up

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

Plasma has no bottom I am now a long term community member

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

Take notes for the final phase of this bull market 1/ Don’t DCA in. Dollar-cost-averaging works early in a cycle. At the end, time is against you. If you’re late, you need conviction bets. 2/ DCA out. On the way up, scale out. Don’t dream about selling the exact top — nobody times it perfectly. Secure wins instead. 3/ Focus on winners. Cut dead weight. Don’t waste emotional energy on bags that never recovered. Winners compound. Losers drain you. 4/ Don’t lock tokens. Staking rewards look good until your tokens are stuck while the bull ends. Flexibility is worth far more than a few extra percent of yield. Liquidity is freedom. 5/ Rotate less. This late in the game, chasing every narrative leads to overtrading. Sit on your hands. You can’t catch them all. Accept missing some. 6/ This is a marathon, not a sprint. The people who make life-changing gains are the ones who preserve capital into the next cycle. Survive first. Wealth is built over multiple cycles. 7/ Don’t baghold exit coins. When it’s time to leave, don’t wait for tokens that “didn’t pump yet.” Some coins never pump again. Hope is not a strategy. 8/ Cash out regularly. Don’t wait for “the big exit.” Take profits steadily. Build trust with your bank — you’ll need them for bigger moves outside of crypto. 9/ Concentrate your bets. Over-diversification kills upside. A 100x on $5 won’t change your life. Position sizing matters. Focus on high-conviction plays. 10/ Remember volatility. Near the top, swings are violent. Don’t let green candles make you greedy or red candles shake you out. Stick to your plan. 11/ Narratives move fast. AI, gaming, RWA, memecoins — narratives rotate weekly. Don’t chase them all. Stick to a few strong themes and ride them with discipline. 12/ Think outside crypto. Use this cycle to set up for the next phase of your life. Real estate, businesses, equities — crypto should fund your future, not be your only future. 13/ Know when enough is enough. Greed kills more than fear. Have a number where you’ll say “I made it” and commit to it. 14/ This isn’t your last shot. Cycles repeat. If you miss this one, there will be another. Stay liquid, stay disciplined, stay alive. 15/ The bull makes you rich. The bear keeps you rich. Don’t blow it all just because the market feels invincible right now. Discipline is more powerful than luck. Let’s make the best out of it🫡

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

To crypto founders: A good farm for your users is a farm lasting maximum 6 months Stop being a bitch Stop diluting your users with infinite points Launch your fucking token

Name & Symbol: TokenFi ($TOKEN)
Address: 0x4507cef57c46789ef8d1a19ea45f4216bae2b528

Wow so Tieshun launched xpl and and sold $100,000,000,000 worth of tokens already? With the help of wintermute obviously 🙄

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

would wager that many sellers of xpl over the last frew days were also sellers of hype sub $10

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

cz distancing himself with aster ben bybit too busy shoving trillions into mantle token to care about apex avnt? idk lol send it to zero it all flows back to hype

Name & Symbol: Avantis ($AVNT)
Address: 0x696f9436b67233384889472cd7cd58a6fb5df4f1

If you aren't bullish on Plasma or think it's not gonna cook anymore, I highly recommend reading this article by Christian In 3 minutes, you'll get why it's valuable for all the people around the world, especially from emerging countries Also leaving the link for Plasma One's waitlist in the comments for those who missed

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

If you missed Plasma, Pump, Hyperliquid, Solana, Aster and others Don't be sad because you missed, be happy because you will have a lot of great tokens to buy when the bear market comes Last bear, the only token I could hold comfy with size was Solana

Name & Symbol: Aster ($ASTER)
Address: 0x000ae314e2a2172a039b26378814c252734f556a

If you missed Plasma, Pump, Hyperliquid, Solana, Aster and others Don't be sad because you missed, be happy because you will have a lot of great tokens to buy when the bear market comes Last bear, the only token I could hold comfy with size was Solana

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

If you missed Plasma, Pump, Hyperliquid, Solana, Aster and others Don't be sad because you missed, be happy because you will have a lot of great tokens to buy when the bear market comes Last bear, the only token I could hold comfy with size was Solana

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

$FLUID went from $1.5 to $10 within a few weeks last december then pretty much ranged between $5-8 all year in the meantime it: - grew tvl from $500m to $2.9b - became the 3rd largest DEX across all chains - launched on Solana with Jupiter - annualized revenue from $1m to $20m - got 4 spot and 2 futures listings upcoming: - buybacks starting in 3 days - dex v2 launch in october meaning fluid will enter volatile dex pairs and increase fee revenue by an order of magnitude - fixed rate borrowing and lending - USD lite vault, similar looped strats than the current ETH lite vault which holds $250m tvl but on stablecoins i think history is going to repeat and q4 is going to be big for $FLUID disclosure: im ultra long $FLUID

Name & Symbol: Fluid ($FLUID)
Address: 0x6f40d4a6237c257fff2db00fa0510deeecd303eb

Right now it's easier to open positions on the first black owned & operated perp DEX trading at $10 million FDV than it is to do so on Aster which trades at $15 billion FDV Separately, thank you Jeff for the free NFT money Hyperliquid

Name & Symbol: Aster ($ASTER)
Address: 0x000ae314e2a2172a039b26378814c252734f556a

Is 1 XPL enough to retire?

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

“why did you miss Plasma, Pump, Aster, and Hyperliquid?” https://t.co/psTlY3ee1h

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

“why did you miss Plasma, Pump, Aster, and Hyperliquid?” https://t.co/psTlY3ee1h

Name & Symbol: Aster ($ASTER)
Address: 0x000ae314e2a2172a039b26378814c252734f556a

“why did you miss Plasma, Pump, Aster, and Hyperliquid?” https://t.co/psTlY3ee1h

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

this has been an insane day for Fluid - 3 billion in total DEX volume - #1 DEX on Ethereum - Plasma launch adds another $325m market size Fluid has officially become a DeFi giant and the space is slowly taking note https://t.co/UdkQ9qfMuU

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

this has been an insane day for Fluid - 3 billion in total DEX volume - #1 DEX on Ethereum - Plasma launch adds another $325m market size Fluid has officially become a DeFi giant and the space is slowly taking note https://t.co/UdkQ9qfMuU

Name & Symbol: Fluid ($FLUID)
Address: 0x6f40d4a6237c257fff2db00fa0510deeecd303eb