our stream today in 46 minutes 0:58 everyone is ripping Claude 3:13 Miami is a midlife crisis 6:44 genz ADHD businesses 11:16 the Chinese AI ban trade 16:14 the great DAT flush out 18:06 pump makes $1M every day 32:41 maybe China isn't distilling? https://t.co/x6BGq6cpvF

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

Threadguy says the only way he can stay bullish on PUMP is if he ignores the trenches "I watched the $CashCat to $brian to $index rotation happen in like 20 minutes. It was so bad I opened my Hyperliquid account and stared at my pump position with my finger hovering over the sell button. I genuinely had no idea how brutal the rotations had become." "I've kind of come to the conclusion that the only way I can stay bullish on PUMP long term is if I don't look at pump coins at all. With instant cross-chain swaps, money can flood into the next narrative in seconds, and these rotations have become unbelievably violent."

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

our stream today in 48 minutes 0:11 the AMC trade that got away 3:05 Jensen's million dollar jacket 5:13 the AI civil war begins 14:52 infinite compute demand 18:56 Kimi's $30B IPO math 35:33 Zcash is the chosen one 37:10 they're sleeping on pump https://t.co/ZdfddlksDm

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

Threadguy says the reason solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump and cash-cat:native ripped is that they made memecoins an unsolved game again "The sneaker game was completely fried, flat, and solved. But then Travis Scott, at the height of his success, drops a Jordan 1 and everyone's like, 'Wait, we know how to trade the 350 V2 re-release. We have no idea how to trade Travis Scott'" "We know how to price a dog coin CTO with the same nine people tweeting about it. We don't know how to price Ansem putting all of his motion behind a coin.The only way to unsolve a solved game is to throw a new variable into the mix, and it happened in both scenarios"

Name & Symbol: The Black Bull ($ANSEM)
Address: 9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump

Threadguy reveals how one of his viewers went from trading stocks to a 300% gain on his first memecoin solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump “Comes to the stream as a stock guy, gets introduced to Hyperliquid because we trade on Hyperliquid all day, realizes perps are incredible, buys Hyperliquid, makes money on Hyperliquid, is now paying attention to crypto, sees $ANSEM at 100M, blasts his first memecoin and is up 300% after watching the stream for a month” “This is why you watch the stream”

Name & Symbol: The Black Bull ($ANSEM)
Address: 9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump

Threadguy reveals his accountant was genuinely impressed with his trading ability “My accountant's looking at my trades and he’s like, you made this much on TRUMP? You were long UniSwap in 2025 and that’s what you pulled out?!” “You made money on PUMP, but it says you did it through Hyperliquid? You trade perps? Wait, you made this much on Zcash in a bear market?” “You flew to Mexico every time you executed one of these trades on Hyperliquid? So that’s what these tickets are, that's why you took 88 flights in 2025?"

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

Cupsey reveals that top memecoin traders have pivoted to deploying coins “Cented is devving on stream with 1000 viewers and it’s normal” "Cooker is deploying multiple coins a day on Pump. He’s not doing it to farm, he thinks it’s such an issue that he’s just adding to it” https://t.co/b0QfZTkWM5

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

How much will the fee proposal impact UNI price? The market might already be overvaluing UNI. UNI currently trades at 25x implied revenue ($216M/$8.5B marketcap). PUMP trades at 5.3x, HYPE at 9.3x. - Of Uniswap V2's 0.3% fee, 0.05% is allocated for buybacks and burns. - The treasury is also burning 100M UNI, a 10% total supply reduction to compensate for years of no fee switch. - Total fees could decline as wash traders will now have to pay a fee. Uniswap is the largest DEX, doing $124B in volume last month ($1.48T annualized). The Bull Case: How Much Will Uniswap Make From Fees? Uniswap is the #1 fee-generating protocol ($108M, 30D). This annualizes to $1.3B, or $216M of potential buybacks. The fee switch proposal removes the 0.15% frontend fee, which Uniswap Labs has banked $180M from. This could theoretically increase volume. Uniswap ATH monthly fees were $251M in 2021, with average monthly fees over the past year coming out to $93M. Is UNI undervalued? The amount of UNI buybacks is impacted by: - Filtering out wash trading - V4 fees (TBD) - Swap volume growth - ~$7.5M sequencer fees Right now, UNI is not undervalued; it trades at an implied 25x revenue multiple (PUMP 5.3x, HYPE 9.3x). The Bear Case Wash trading makes up a lot of volume on Uniswap: - LPs holding large token positions can trade for free; they pocket 100% of fees. - Fee switch activates → wash trading stops → revenue falls. Capped Upside: - The same revenue multiple that can provide a floor for Uniswap’s valuation can also set a ceiling. - Who wants to buy at a 50x, 100x revenue multiple? - The reality is that market attention often matters more than buybacks ever could. Industry Impact: - Yesterday Steakhouse pushed a Lido governance proposal to add automated LDO buybacks. - The market won’t tolerate pure governance tokens with no utility or claim on revenue. - Post-fee switch approval, Uniswap probably becomes the #3 protocol by revenue, behind Hyperliquid and Pumpfun.

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