my $PIPPIN thoughts Spot flow is the only real driver here. As the entity now controls ~83–85% of supply. At ~$415M mcap it leaves roughly $85M of free float that can realistically hit spot. Usually ~5–8% of supply is burned, dead, or in mm pools, so they’re likely pricing in only ~5–7% actually getting sold. At current prices, that’s ~$25–35M is what needed to hold up the price - basically small relative to their trade size. Especially when they’re farming ~0.8% funding per hour for longs and squeezing shorts as long as price stays bid. As a bunch of you are trying to short, shorting becomes interesting if we see a giga liquidation wick or when that same 5–7% float is worth close to 9 figures — roughly $1.5B–$2.5B mcap. Anything below that is risky for me. Top could be way sooner, but that’s a pure degen bet. *don't trade these with size, always assume price can still send another 10x above your short entry*

lmao $PIPPIN https://t.co/MIYn1RaMaO

How much did it really take to pump $PIPPIN 3200%, especially for a "PumpFun" coin? So far, $65M #USDT has been used to accumulate $PIPPIN tokens on #DEX. At an average entry price of $0.085 per token, that’s nearly $200M as illiquid profit on their spot position. https://t.co/uArOshhV7O

I've posted a few tweets to advise against shorting $PIPPIN, this squeeze outcome was very likely And with the funding still being super negative, I'm not even convinced that this is topped https://t.co/Z581uYSvnT

$ALCH also looks like it will inevitably attack the shorts at some point The fact that it regularly moves +30% in like 15 minutes tells you everything you need to know about how fake the mcap of this coin is R/R for shorts is bad if you don't invalidate at new ATH https://t.co/2XnhRlrkqz

Crypto + Macro Stuff I'm Looking At Today ... - Total crypto market cap back up to $3.23T... down from high of $4.38T in early October but a low a few days ago of $2.89T... - Continued discussion of $MSTR and Saylor stuff (I think this week's news was positive - will link to good resource below too) - Biggest gainers today are $PRIME, $BOBA, and $LAVA - Ostium announces big raise - Coinbase Premium positive again after being negative most of November - $AAVE to launch on Mantle (link below) - Historic average for $BTC performance in December is +4.75% - $KNTQ launches - BTC/Gold chart is absolutely fascinating... if priced in gold BTC currently sits at the same price as the 2024 lows and about the same as it was during the mid-cycle crash in 2021 (h/t Daan Crypto - he also has a great YT channel I'd also suggest checking out!) - New Solana mobile may launch in January - $FLUID teases perps trading - Fed getting ready to cut rates, and Jerome Powell's tenure ending in less than six months(!) - Lighter launches spot trading - Base-Solana bridge goes live on Aerodrome - All sorts of headlines about prediction markets - Number of $mUSD holders surge as farmers attempt to sybil $MASK (link below) - Much talk about Japan in macro land - Lots of talk about stablecoins too, with Brian Armstrong referencing top banks increasingly trying to get into them and starting new programs and etc - $syrupUSDT goes live on Aave on ETH Mainnet 💪🍁🥞 - Astria Network shuts down - Telegram introduced something interesting called 'Cocoon', which is apparently a “decentralized confidential compute network” which will also apparently let GPU owners earn $TON - New Tether-backed and stablecoin-focused chain 'Stable' releases tokenomics - Kraken acquiring Backed Finance - Lots of focus on Google TPU stuff and its potential to compete with Nvidia - Lighter and Hyperliquid continue to lead on perps volumes (link below) Conclusion The journey continues friends! Have no idea what the future is gonna bring... whole world is changing so fast its just absolutely wild... I will be here putting in the reps though, and am honored to be on this crypto journey alongside you 💪🫡🤝 Please hit me up with anything interesting below! I am perpetually in search of new rabbit holes to geek out on and new accounts to follow and new YT channels to watch and everything similar 🙏