another day, another new ATH for ostium > $206k in revenue L24H ($75M annualized) > broke $300m in RWA open interest > half a billion in daily volume > new ATH in new users trade the commodities supercycle onchain. https://t.co/LBA3JUiouN

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

another day, another new ATH for ostium > $206k in revenue L24H ($75M annualized) > broke $300m in RWA open interest > half a billion in daily volume > new ATH in new users trade the commodities supercycle onchain. https://t.co/LBA3JUiouN

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

Overhated: crypto degens. Disadvantaged third-world strivers with self-made dreams, psychedelic hyper-futurism, deep New Media lores, no boomers, volatility, exotic financial instruments… One always tries to check oneself, but the charm… is undeniable

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

the @nickshirleyy coin on @zora seems like the best shot at any content-creator coin we are ever going to get kid has been making content for nearly a decade with receipts, was demonetized on youtube during trump's election so has reason to prefer decentralized alternatives is currently the most popular person on the internet with his @X post doing 135M impressions and one of the most viral ever on the app, with intentions of posting more videos & is getting eyes from Trump, Elon & others also needs security as he is getting death threats from people so benefits from earning a portion of proceeds from the coin's trading volume, verified himself on the app with a video detailing why he made an account and has been crossposting consistently on @zora & his other social platforms believe that there is chance this results in real tangible legislation getting passed surrounding this issue, & likely could get his own type of news reporting show that is organically grown from his social channels, & this is his first time becoming famous so he is not well known already & would have opportunity in seeing his platform grow in early stages currently trading at ~$2.7M mcap & he owns ~50% of the supply because of how the zora mechanism works, I would be surprised if jesse / brian & @base do not try to support him as much as possible https://t.co/VcPm9dsvYE

Name & Symbol: Zora ($ZORA)
Address: 0x1111111111166b7fe7bd91427724b487980afc69

easy to be bearish crypto right now we’re fifteen years in we’ve spent enormous energy trying to build valuable stuff on top of trust-minimized technology the results feel underwhelming - many tokens - few products with global impact - asset markets that reward local attention over durable value ^ this view notwithstanding i think a large part of what feels broken is pretty close to being solved not by technology i think we’ve got all the raw material we need for crypto to dominate the last piece is harmonization between value created (products) and value accrued (token) and i think we’re getting pretty close there are roughly two categories of tokens > tokens that are money (ex. stores of value) > tokens that make money (ex. productive assets) i think the money tokens (BTC, ETH, SOL, etc) are better understood and further along in their adoption so i won’t explore these ‘are money' tokens in this thread the piece that actually feels broken to me the one we (as an industry) just quite can’t get over the hump on are the ‘make money’ tokens take public equities for example public equity assets get priced because markets can: - verify revenue - verify expenses - guarantee value accrual historically, this type of underwriting has lagged across crypto > crypto revenue for crypto projects with tokens, we’ve got two types of revenue: onchain revenue; and offchain revenue onchain revenue is legible by default. AMM fees, sequencer revenue, bridge fees, etc everyone sees the same dashboards it’s all public, scrapable, and can be modeled in real time super cool but while that transparency is a feature, it’s also somewhat noisy, as onchain activity functions like a billboard projects in crypto have been trained to: (1) build for what is easily measurable; and/or (2) broadcast what is temporally beneficial wash trading, incentive-driven volume, liquidity mining, and farming mechanics can inflate top-line metrics without producing recurring demand over periods investors end up underrating, overrating, or misclassifying revenue quality separately offchain revenue has a slightly different problem some crypto projects with tokens also run centralized infra, generating higher quality revenue offchain but almost none of it is verifiable both paths leave room for improvement: - onchain revenue is transparent, but noisy and gameable - offchain revenue may be easier to generate for some crypto projects, but opaque and structurally unverifiable unlike equities, there are no real standards to adhere to which makes underwriting difficult > crypto expenses like revenue, crypto projects with tokens often have two flavors of expenses onchain expenses; and offchain expenses onchain expenses are easy to track and model, but because they’re public and often reported casually, onchain totals become a weak snapshot for the true cost of sustaining a product onchain offchain expenses are real-world operating costs that are mostly opaque and often dominate the cost structure, including engineering and research salaries, cloud infra, legal and compliance spend, security, marketing, general ops these expenses determine whether a project is actually scalable or profitable, yet are rarely disclosed with real accounting rigor again, no standards to adhere to which also makes underwriting difficult > crypto token value accrual in equity markets, assets accrue value through legally enforceable rights, including claims on residual cash flows, dividends / buybacks, voting, and priority in liquidation or acquisition events these rights are standardized, disclosed, and protected by law, which allows markets to underwrite future cash flows and price equities based on expected value in crypto, this is where things really start to break down at the fundraising stage, teams face an array of optionality: - build for equity value - build for token value - build for both with no clear guidance in the U.S. on how tokens accrue traditional value (while simultaneously acknowledging that tokens are the asset that can best power labor and productivity over decentralized networks) projects historically have raised on both SAFEs (equity) and warrants (network) this creates a capital stack where value accrual is left ambiguous across competing instruments, out of survival - teams preserve flexibility - investors underwrite both paths then the TGE happens, and there is only one brutal question left -- what is this token actually allowed to do? - is it a security or a commodity? - can it capture fees? - can it receive distributions? - can it be bought back and burned? in the absence of legal guideposts, the majority of teams choose inaction the token exists as a coordination incentive, but enjoy no real claim on value created and the network never fully matures here’s a common pattern: > team raises money on SAFE (equity) and Warrant (token) > team builds technology > team launches token > team delays value accrual to the token because acting feels legally ambiguous (at best) and legally dangerous (at worst) > team gets tired of waiting around for answers > team runs out of money or gets acquihired (equity) > the foundation commits to maintaining network in perpetuity (token) > network is no longer as competitive feels pretty clear to me until network tokens are explicitly allowed to return value through defined mechanisms that take into account their unique digital shape on the internet as both (1) labor incentives; and (2) direct connection to network revenue then: > value accrual to tokens will remain fragile and discretionary > markets will continue to misprice them > risk capital will mostly remain uninterested in them > innovators in the US will mostly remain uninterested in building networks powered by them that brings us to today the US has historically set the regulatory standards that global capital, companies, and markets adopt by default clear crypto rules in the US will effectively become the reference framework for the rest of the world in the US, we have a rare opportunity to shape how token-based capital formation, disclosures, and value accrual work globally rather than ceding those standards to others thankfully i think things are starting to change and so i tend to believe the next phase of crypto tokens will be built on the back of US legislative and regulatory leadership where we create a verifiable trail from network revenue to token holder that is defined, repeatable, and legally durable at all stages of a network’s life the market is clearly looking to solve a number of these problems recent efforts from individual crypto projects are providing leadership on different problem areas, with a few of these approaches listed below: - at fundraising stage, moving to new unified instrument models (e.g. @colosseum STAMP) - pre-TGE unification across equity/tokens (e.g. @rainbowdotme Class F) - post-TGE unification across equity/tokens (e.g. @UniswapFND UNIfication) - public token disclosure frameworks (e.g. @Blockworks_ Token Transparency Framework) importantly, there are also a number of concurrent efforts led by US legislators (Congress) and regulators (SEC/CFTC), including the clarity act, the SEC’s rulemaking authority re: token safe harbors, the stablecoin / market structure bills, among other federal agencies and initiatives and while these regulatory/legislative efforts are only building blocks today, i tend to believe the net of these US efforts will converge and lead to the following over the coming years: - better auditing of on/offchain pathways to track and manage network operations - create "minimum viable disclosure" standards for projects launching network tokens - harmonization across SEC/CFTC on classifying tokens as "commodity" vs "security" at different stages of a network's life - allow early stage crypto networks to have a compliant time-limited safe harbor to launch tokens, disclose material information to public, and create new business models with tokens before final classifications apply and so, from my view, the endgame for the “make money” tokens is just about getting back to the basics combine: > a project’s verifiable on/offchain activity; with > explicit value accrual and legal rights for their token; > all within a coherent regulatory framework in the US and as that happens global risk capital, from individuals to institutional allocators, won’t need to underwrite a new belief system on value accrual to participate in these global networks for the first time they can use the same frameworks that already work and for me i think that’s a pretty healthy evolution for this specific category of tokens (crypto art by @jackbutcher)

Name & Symbol: Safe Token ($SAFE)
Address: 0x5afe3855358e112b5647b952709e6165e1c1eeee

@santiagoroel so yes - crypto will eat the world, and tradfi will be onchain, but you're not going to get rich by buying monad or fogo or plasma. the best path to expressing this view going forward is likely through traditional companies who build on crypto rails and amass network effects

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

Seeing more and more pessimism around crypto and the societal value, or lack-thereof, that it brings to the world. I think this perception is misguided. Of course, there's speculation and degeneracy. The crypto casino is real, large, and many people lose at the tables. But there's a ton of positive societal value that just gets overlooked. Bitcoin has become a global, non-sovereign asset that anyone in the world can own with an internet connection. It gives an veto/opt out mechanism to the global population that pushes economic control away from nation states and into the hands of the individual. Stablecoins provide better financial security to people around the world, improve people's lives with faster money, higher yield, and cheaper transactions. Banks literally don't provide yield on your assets. That's changing because of stablecoins. Remittance companies take large % of flows that doesn't go to end users. That's changing because of stablecoins. A 2.9% fee for any ecommerce transaction will seem criminal in 5 years. These are all massive benefits to society enabled by crypto because of stablecoins. Lending platforms like Aave and Morpho provide the ability for anyone in the world to obtain an over-collateralized loan. Undercollateralized lending markets will further unlock a massive benefit to society reducing the cost of capital and creating huge positive externalities. Blockchains will give global access to financial products (e.g. stocks, bonds, insurance, credit) where it has historically been limited. Permissionless capital formation allows any idea to get funded based on it's merits. Creating better markets is EV positive for society, especially when those markets remove adversarial middlemen or reduces costs for end users. Most impactful technologies have positive and negative use cases. - Social media is widely empowering, but hijack our attention and perception of things. - Smart phones give humans super powers, but also act as an anchor. - New entertainment mediums – radio, TV, streaming – provide greater sharing of information, but reduced physical interaction and increased sedentary lifestyles. - AI improves productivity, but provides slop that now makes use question what's real. - Crypto provides a new financial system, but also entices speculative behavior and degeneracy. Crypto is building a new financial system that lets people build what they want. Some people will build casinos, others new payment mechanisms. Some will build perps platforms, others will build ways to enable broader access to consumer credit. The new financial system won't be perfect, but it will be vastly better than the status quo. If you only see crypto for the casino, it's probably worth stepping back from the table and zooming out to see all the benefits that crypto has and will bring to society.

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

"you were up $20m on fartcoin & you didn't consider that euphoria?" https://t.co/2iuJGRNGAh

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

So recent BTC price action has pretty much killed the digital gold narrative (you can't underperform analog gold) and it's obviously not been a store of value/safe haven asset (the Blackrock/Fink pitch) The performance, correlation to equity downside, and poor sharpe ratio pretty much guarantee it's not making its way into big money portfolios (pension/endowment/private wealth channels) at scale anytime soon Ppl argue with me on this last point (but it's a debasement trade!); these large entities allocate to their portfolios pretty mechanically; they're not adding assets based on random macro calls like retail traders do. Just bc Harvard endownment has some IBIT doesn't mean BTC is (or will become) a widespread endowment holding DATs were the biggest tailwind for flows and that's obviously over (in current form at least) ETF flows were largerly retail which correlated to the big high beta rotation post-liberation day that is now unwinding quickly BTC is now seen as a Trump asset; but now with midterms we might have Dems in power in the House which will slow crypto deregulation bills Also, BTC having become a Trump asset is not great now that his polls have been slipping ever since he's lost core MAGA support on 2 core campaign areas 1) spending: pivot from seeming deficit hawk to reckless Dem-like spender (rift with Musk/DOGE showed inability to cut basic waste/costs, huge deficits from BBB and $2k stimulus promise) 2) deep state reformer: alienating core base over handling of Epstein files Trump fulfilled his campaign obligations to the big crypto donors by getting the SBR onto certain bills; but realistically it prob just ends here as there are not many realistic "budget neutral" ways to actually acquire it We have Clarity Act and stuff coming down the pike; but it's clear that gov't is interested only in stablecoins as they are actually useful to their plans to expand circulation of dollars (new Eurodollar system); gov't has no real incentive to support BTC without Trump's push (and likely gets undone in the case excutive and/or legislative branches become Dem controlled) Maybe some of the mechanical liquidity issues which benefit BTC might improve (TGA drain post gov't shutdown, tariff easing, QT ending - pretty marginal though, etc) But the question really is, realistically, where are the next macro and political tailwinds coming from for BTC?

Name & Symbol: Housecoin ($House)
Address: DitHyRMQiSDhn5cnKMJV2CDDt6sVct96YrECiM49pump

a lot of the most interesting token models are happening on solana right now - pump, ore, meta, cards - with lots more in the hopper internet capital markets

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

life was so much better when WIF and Popcat were the solana meme coin leaders

Name & Symbol: Popcat ($POPCAT)
Address: 7GCihgDB8fe6KNjn2MYtkzZcRjQy3t9GHdC8uHYmW2hr

got stopped on this originally and had to reposition, and also got mutilated on the plasma long side, but HTF believe that this is where this is going FA + TA wise & is still highest conviction setup imo, if you somehow avoided the whipsaw here is good first tp spot for shorts

Name & Symbol: Trusta.AI ($TA)
Address: 0x539ae81a166e5e80aed211731563e549c411b140

got stopped on this originally and had to reposition, and also got mutilated on the plasma long side, but HTF believe that this is where this is going FA + TA wise & is still highest conviction setup imo, if you somehow avoided the whipsaw here is good first tp spot for shorts

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

Dan Romero explains what Clanker’s edge is vs other launchpads “Clanker is the biggest launchpad on Base. The other thing is the vertical integration between Clanker and the Farcaster app and other apps in the ecosystem” https://t.co/KCbTyL50Cf

Name & Symbol: tokenbot ($CLANKER)
Address: 0x1bc0c42215582d5a085795f4badbac3ff36d1bcb

Threadguy explains why he wants to take high conviction trades like PUMP & ZEC “Why can’t we do this over and over again? Just interview every founder and trader in Crypto, take no positions until we find the God spot and then just sit there” https://t.co/fS9iuhZJhY

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

when every single person on the TL made multi 7 figs on aster and sold the top hence no one gives a single fuck ab what's happening but your monkey ass was waiting for $3 to start selling your bag so now you have round tripped the biggest trade of your life https://t.co/mNHMfrU4qr

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

chillguy + housecoin = hows it going? https://t.co/J8RdNFKnuk

Name & Symbol: Housecoin ($House)
Address: DitHyRMQiSDhn5cnKMJV2CDDt6sVct96YrECiM49pump

Recap of the last 2 weeks in crypto: - Extremely choppy PA on $BTC, bottomed at $104k and now back to $114k with a strong reliance on any Trump announcement - $ZEC is unstoppable, it finally broke the $300 res, up +20% in a day - x402 meta and Base revival: $VIRTUAL $AIXBT $CLANKER - CZ pardon by Trump: pump of Binance related coins but they might be exhausted now - "Dubious coins" having erratic behavior on CEX : $H (10x in 2 months) $COAI $AIA $BLESS $BAS $XPIN - $HYPE strong again after Robinhood listing: $35 -> $48 - Other strong coins: $MERL $B2 $MORPHO

Name & Symbol: Merlin Chain ($MERL)
Address: 0xa0c56a8c0692bd10b3fa8f8ba79cf5332b7107f9

Recap of the last 2 weeks in crypto: - Extremely choppy PA on $BTC, bottomed at $104k and now back to $114k with a strong reliance on any Trump announcement - $ZEC is unstoppable, it finally broke the $300 res, up +20% in a day - x402 meta and Base revival: $VIRTUAL $AIXBT $CLANKER - CZ pardon by Trump: pump of Binance related coins but they might be exhausted now - "Dubious coins" having erratic behavior on CEX : $H (10x in 2 months) $COAI $AIA $BLESS $BAS $XPIN - $HYPE strong again after Robinhood listing: $35 -> $48 - Other strong coins: $MERL $B2 $MORPHO

Name & Symbol: BSquared Token ($B2)
Address: 0x783c3f003f172c6ac5ac700218a357d2d66ee2a2

Recap of the last 2 weeks in crypto: - Extremely choppy PA on $BTC, bottomed at $104k and now back to $114k with a strong reliance on any Trump announcement - $ZEC is unstoppable, it finally broke the $300 res, up +20% in a day - x402 meta and Base revival: $VIRTUAL $AIXBT $CLANKER - CZ pardon by Trump: pump of Binance related coins but they might be exhausted now - "Dubious coins" having erratic behavior on CEX : $H (10x in 2 months) $COAI $AIA $BLESS $BAS $XPIN - $HYPE strong again after Robinhood listing: $35 -> $48 - Other strong coins: $MERL $B2 $MORPHO

Name & Symbol: Virtuals Protocol ($VIRTUAL)
Address: 0x0b3e328455c4059eeb9e3f84b5543f74e24e7e1b

Recap of the last 2 weeks in crypto: - Extremely choppy PA on $BTC, bottomed at $104k and now back to $114k with a strong reliance on any Trump announcement - $ZEC is unstoppable, it finally broke the $300 res, up +20% in a day - x402 meta and Base revival: $VIRTUAL $AIXBT $CLANKER - CZ pardon by Trump: pump of Binance related coins but they might be exhausted now - "Dubious coins" having erratic behavior on CEX : $H (10x in 2 months) $COAI $AIA $BLESS $BAS $XPIN - $HYPE strong again after Robinhood listing: $35 -> $48 - Other strong coins: $MERL $B2 $MORPHO

Name & Symbol: ChainOpera AI ($COAI)
Address: 0x0a8d6c86e1bce73fe4d0bd531e1a567306836ea5

Recap of the last 2 weeks in crypto: - Extremely choppy PA on $BTC, bottomed at $104k and now back to $114k with a strong reliance on any Trump announcement - $ZEC is unstoppable, it finally broke the $300 res, up +20% in a day - x402 meta and Base revival: $VIRTUAL $AIXBT $CLANKER - CZ pardon by Trump: pump of Binance related coins but they might be exhausted now - "Dubious coins" having erratic behavior on CEX : $H (10x in 2 months) $COAI $AIA $BLESS $BAS $XPIN - $HYPE strong again after Robinhood listing: $35 -> $48 - Other strong coins: $MERL $B2 $MORPHO

Name & Symbol: Bless ($BLESS)
Address: 0x7c8217517ed4711fe2deccdfeffe8d906b9ae11f

Recap of the last 2 weeks in crypto: - Extremely choppy PA on $BTC, bottomed at $104k and now back to $114k with a strong reliance on any Trump announcement - $ZEC is unstoppable, it finally broke the $300 res, up +20% in a day - x402 meta and Base revival: $VIRTUAL $AIXBT $CLANKER - CZ pardon by Trump: pump of Binance related coins but they might be exhausted now - "Dubious coins" having erratic behavior on CEX : $H (10x in 2 months) $COAI $AIA $BLESS $BAS $XPIN - $HYPE strong again after Robinhood listing: $35 -> $48 - Other strong coins: $MERL $B2 $MORPHO

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

Recap of the last 2 weeks in crypto: - Extremely choppy PA on $BTC, bottomed at $104k and now back to $114k with a strong reliance on any Trump announcement - $ZEC is unstoppable, it finally broke the $300 res, up +20% in a day - x402 meta and Base revival: $VIRTUAL $AIXBT $CLANKER - CZ pardon by Trump: pump of Binance related coins but they might be exhausted now - "Dubious coins" having erratic behavior on CEX : $H (10x in 2 months) $COAI $AIA $BLESS $BAS $XPIN - $HYPE strong again after Robinhood listing: $35 -> $48 - Other strong coins: $MERL $B2 $MORPHO

Name & Symbol: Humanity ($H)
Address: 0x44f161ae29361e332dea039dfa2f404e0bc5b5cc

Recap of the last 2 weeks in crypto: - Extremely choppy PA on $BTC, bottomed at $104k and now back to $114k with a strong reliance on any Trump announcement - $ZEC is unstoppable, it finally broke the $300 res, up +20% in a day - x402 meta and Base revival: $VIRTUAL $AIXBT $CLANKER - CZ pardon by Trump: pump of Binance related coins but they might be exhausted now - "Dubious coins" having erratic behavior on CEX : $H (10x in 2 months) $COAI $AIA $BLESS $BAS $XPIN - $HYPE strong again after Robinhood listing: $35 -> $48 - Other strong coins: $MERL $B2 $MORPHO

Name & Symbol: DeAgentAI ($AIA)
Address: 0x48a18a4782b65a0fbed4dca608bb28038b7be339

Recap of the last 2 weeks in crypto: - Extremely choppy PA on $BTC, bottomed at $104k and now back to $114k with a strong reliance on any Trump announcement - $ZEC is unstoppable, it finally broke the $300 res, up +20% in a day - x402 meta and Base revival: $VIRTUAL $AIXBT $CLANKER - CZ pardon by Trump: pump of Binance related coins but they might be exhausted now - "Dubious coins" having erratic behavior on CEX : $H (10x in 2 months) $COAI $AIA $BLESS $BAS $XPIN - $HYPE strong again after Robinhood listing: $35 -> $48 - Other strong coins: $MERL $B2 $MORPHO

Name & Symbol: XPIN Network ($XPIN)
Address: 0xd955c9ba56fb1ab30e34766e252a97ccce3d31a6

Recap of the last 2 weeks in crypto: - Extremely choppy PA on $BTC, bottomed at $104k and now back to $114k with a strong reliance on any Trump announcement - $ZEC is unstoppable, it finally broke the $300 res, up +20% in a day - x402 meta and Base revival: $VIRTUAL $AIXBT $CLANKER - CZ pardon by Trump: pump of Binance related coins but they might be exhausted now - "Dubious coins" having erratic behavior on CEX : $H (10x in 2 months) $COAI $AIA $BLESS $BAS $XPIN - $HYPE strong again after Robinhood listing: $35 -> $48 - Other strong coins: $MERL $B2 $MORPHO

Name & Symbol: aixbt by Virtuals ($AIXBT)
Address: 0x4f9fd6be4a90f2620860d680c0d4d5fb53d1a825

Recap of the last 2 weeks in crypto: - Extremely choppy PA on $BTC, bottomed at $104k and now back to $114k with a strong reliance on any Trump announcement - $ZEC is unstoppable, it finally broke the $300 res, up +20% in a day - x402 meta and Base revival: $VIRTUAL $AIXBT $CLANKER - CZ pardon by Trump: pump of Binance related coins but they might be exhausted now - "Dubious coins" having erratic behavior on CEX : $H (10x in 2 months) $COAI $AIA $BLESS $BAS $XPIN - $HYPE strong again after Robinhood listing: $35 -> $48 - Other strong coins: $MERL $B2 $MORPHO

Name & Symbol: tokenbot ($CLANKER)
Address: 0x1bc0c42215582d5a085795f4badbac3ff36d1bcb

the farcaster acquiring clanker pa was one of the weirdest in awhile. post acquisition it had a little pump and then traded sideways for a few hours. now in the couple days since it's gone ~4x (disc: own clanker) https://t.co/Mn0Jl5RN4X

Name & Symbol: tokenbot ($CLANKER)
Address: 0x1bc0c42215582d5a085795f4badbac3ff36d1bcb

Virtuals - best base cex coin proxy Clanker - best base onchain proxy Virtual coins - best narrative plays onchain https://t.co/b0x0YgOkFw

Name & Symbol: tokenbot ($CLANKER)
Address: 0x1bc0c42215582d5a085795f4badbac3ff36d1bcb

Weekly trading volume on @zora coins has increased for three consecutive weeks, now north of $50m, with 90% of volume driven by creator coins 22,000 new creator coins were launched last week https://t.co/RUPB1H0lJX

Name & Symbol: Zora ($ZORA)
Address: 0x1111111111166b7fe7bd91427724b487980afc69

lowkey onchain bull season last few days wonder if it’s start of a curve or dead cat leaning start of the curve x402 slightly overhyped but ai agents being able to send money to each other without needing a wallet is definitely fresh buyback flywheels continue to be the best tokenomic setup, no sign of slowing down bsc season not dead but heavily reliant on bnb & aster price which is reliant on CZ, but not wise to ignore this eco, giga cooks can spawn at any time solana needs new narra, maybe led by x402s or pump icm ? UX lead that sol once had is now marginal as other ecos have caught up vest exchange most interesting thing w crypto x tradfi, perps on stocks (hyperliquid for stocks) arguably highest upside opp in crypto rn im an investor in fomo app but also just love using it, cool to see it taking off. the cross chain trading experience is 100% going to get copied by everyone and in a couple months, you’ll never need to bridge again overall wherever macro goes, lots of onchain storylines have room to unfold for a while

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

virtuals is one of the only coins trading higher than its daily highs from the 10/10 nuke & most ppl not positioned on base coinbase spending ~$400M in past week buying echo & UpOnly pod, think they'll have momentum here if cool ai projects spawn from x402 https://t.co/io1x1IBzr3

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

Going live on my @zora account in ~1 hour with @0xTulipKing, @0xCryptoSam, @zcb_spec, @jonnytoshi, and @0xBaba23. We’ll be talking markets, dropping alpha, and answering any questions from the chat. Tune in (link to stream in next post)!

Name & Symbol: Zora ($ZORA)
Address: 0x1111111111166b7fe7bd91427724b487980afc69

Coinbase's acquisition of Echo makes an enormous amount of sense to me. For an exchange, a launchpad is "moving up the stack" to where coins are issued before they graduate to an exchange. If Echo is successful, there's a chance Coinbase could be the venue for dominant trading pairs that emerge from the launchpad. So for instance, let's say Echo launches "coinX" and it's the next Hyperliquid. They would be likelier than competing exchanges, like Binance, to be the dominant venue for the USD-coinX pair because they could list it earlier, provide early incentives, etc... Exchanges moving down the stack is much easier than a launchpad going up the stack, because even if a coin launches on Pump they likely won't be content only listing on Pump Swap and will want to launch on Binance and Coinbase etc... So basically, gg Brian and Cobie 🫡

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

Coinbase's acquisition of Echo makes an enormous amount of sense to me. For an exchange, a launchpad is "moving up the stack" to where coins are issued before they graduate to an exchange. If Echo is successful, there's a chance Coinbase could be the venue for dominant trading pairs that emerge from the launchpad. So for instance, let's say Echo launches "coinX" and it's the next Hyperliquid. They would be likelier than competing exchanges, like Binance, to be the dominant venue for the USD-coinX pair because they could list it earlier, provide early incentives, etc... Exchanges moving down the stack is much easier than a launchpad going up the stack, because even if a coin launches on Pump they likely won't be content only listing on Pump Swap and will want to launch on Binance and Coinbase etc... So basically, gg Brian and Cobie 🫡

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

zora & metadao look quite good imo, both supported very heavily by their respective ecosystems (@coinbase & @solana) during period where both chains need a flagship application to differentiate themselves from existing regular onchain trading activity

Name & Symbol: Zora ($ZORA)
Address: 0x1111111111166b7fe7bd91427724b487980afc69

Great read. Opportunities are still incredible here. To name some of what we got already: $Sol was the easiest 10x of any pre-existing major. $hype > 10x’d from tge and allowed a follow up 6x. You got $9,500 for putting $1 into plasma presale or joining their discord early. $fartcoin like 20000x’d and then 7x’d again from the Feb bottom. Infinite memes doing multiples; pepe, wif. $degen and base szn were huge. $IP randomly dropping everyone a few hundred. Airdrops all over solana and other ecosystems. I farmed $spk with $300 and they gave me $4,500 for szn 1 airdrop (2 ongoing). $aster airdrop, lighter coming, entire hyperliquid eco going to airdrop users, hype ppl making 6 figs from nft’s, monad airdrop, wallet providers teasing. Tardfi integrating, crypto becoming more mainstream (stock trading built on hyperliquid soon). I get that this run was not like prior and many alts didn’t do the easy multiples that were expected but there was and still is plenty of opportunity in the space.

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

Great read. Opportunities are still incredible here. To name some of what we got already: $Sol was the easiest 10x of any pre-existing major. $hype > 10x’d from tge and allowed a follow up 6x. You got $9,500 for putting $1 into plasma presale or joining their discord early. $fartcoin like 20000x’d and then 7x’d again from the Feb bottom. Infinite memes doing multiples; pepe, wif. $degen and base szn were huge. $IP randomly dropping everyone a few hundred. Airdrops all over solana and other ecosystems. I farmed $spk with $300 and they gave me $4,500 for szn 1 airdrop (2 ongoing). $aster airdrop, lighter coming, entire hyperliquid eco going to airdrop users, hype ppl making 6 figs from nft’s, monad airdrop, wallet providers teasing. Tardfi integrating, crypto becoming more mainstream (stock trading built on hyperliquid soon). I get that this run was not like prior and many alts didn’t do the easy multiples that were expected but there was and still is plenty of opportunity in the space.

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

Great read. Opportunities are still incredible here. To name some of what we got already: $Sol was the easiest 10x of any pre-existing major. $hype > 10x’d from tge and allowed a follow up 6x. You got $9,500 for putting $1 into plasma presale or joining their discord early. $fartcoin like 20000x’d and then 7x’d again from the Feb bottom. Infinite memes doing multiples; pepe, wif. $degen and base szn were huge. $IP randomly dropping everyone a few hundred. Airdrops all over solana and other ecosystems. I farmed $spk with $300 and they gave me $4,500 for szn 1 airdrop (2 ongoing). $aster airdrop, lighter coming, entire hyperliquid eco going to airdrop users, hype ppl making 6 figs from nft’s, monad airdrop, wallet providers teasing. Tardfi integrating, crypto becoming more mainstream (stock trading built on hyperliquid soon). I get that this run was not like prior and many alts didn’t do the easy multiples that were expected but there was and still is plenty of opportunity in the space.

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

Some thoughts on crypto since I haven't posted anything in a while. Lately, I've been operating based on the idea that having no position is also a position. I don't always want to be invested or deploy my capital into just any normal project, focusing instead on long-term views and plays while staying less active in the day-to-day market grind. I like to time the overall market in the higher time frame. Sure, you could argue that taking profits into usd/stables means dealing with inflation and other stuff, and yeah, I kinda agree. But let's do that debate for another day. What I really mean is that these days, I'm not jumping from one coin to another or chasing every hot narrative. I'm not juggling 5-10 different holdings, and I'm definitely not deep in the trenches hunting for those 100k-5m market cap shitcoins anymore. i'm very selective about my plays and investments. I'm not investing a small amount just to be invested something. i want something unique to go all in or allocate a big amount. I think crypto has evolved a ton over the past few years. in how people feel about it emotionally, the narratives that drive it, and even the smartest ways to play it. Most of my gains in recent years came from buying Solana right at the bottom, selling near the top, then converting those profits into Hyperliquid when it launched and riding that wave all the way up. It sounds easy when I type it out like that lol but i think it's the intuition and lessons from being active in this space for 9-10 years that made it possible? So, what's on my mind now? Narratives shift way faster these days, so I'm not about to glue myself to a trade and hope it pays off eventually. Either I'm quick to get in and out of a play, or if I spot something I think I'm early on, I set a strict time limit for invalidation like, if it doesn't move in X months, I'm out. I've seen killer tech and brilliant ideas flop hard because the market just didn't care; people ignored them, liquidity dried up, and my investments went to near zero. The key takeaway? What the market actually wants matters way more than tech alone. "Attention and momentum are everything." in terms of MEMEs, you can make all the money you want from these meme coins but at the end don't remember to sell. i see my friends lose a shit ton on memes because their forget that the narrative will change a week or two from now and their "funny" meme will no be funny anymore. people will not give a f anymore. *Another belief I have right now that might rub some people the wrong way is that certain major narratives and use cases have pretty much found their "final boss" apps. the ones that dominate and aren't getting dethroned anytime soon, unless something revolutionary comes along (which I doubt will happen easily or quickly). For example, take prediction markets: Polymarket is the king. There are tons of other ones popping up on different chains, but do they have real user attention? Nope. If you're broke and hoping for a quick airdrop or freebie from a newbie platform, that's one thing. I get the hustle. (altho i argue that trying normal platform is also waste of time) But I'm not touching any other prediction market token betting it'll overtake Polymarket. Same vibe with DEXes: Hyperliquid has straight-up won that race. I'm not buying into dYdX, Drift, or any other DEX tokens hoping they'll flip the script. New DEXes launch on fresh chains all the time, but most end up shutting down or fading into obscurity. Going after the established leader isn't a bad bet in theory, but the risk-reward ratio and the massive effort these teams pour in? Just not worth it anymore, in my opinion. They'd be smarter to build on top of winners like Hyperliquid. integrate, improve, or expand them instead of starting from scratch. But hey, this is crypto. folks love spinning up new projects to raise funds and, let's be real, sometimes rug or extract value, even if they know deep down it's doomed. On the Layer 1 front? Solana's captured a huge chunk of the pie. All those people who ditched Ethereum for Sol because ETH was slow, clunky UI/UX, and just frustrating. they're not jumping ship again anytime soon. Why would they? Solana fixed those pain points with speed and better experiences. A new chain would have to offer something insanely better, but Sol's already fast enough for most folks. I don't see another mass migration happening. Overall, I think from here on out, only the truly extraordinary projects and apps will grab attention and capital flow. We're talking stuff that's obviously unique in every way: top tier tech, killer UI/UX, strong community vibes the whole package. Being "just another" DEX, prediction market, or swap protocol won't cut it; they won't pull in enough users or hype to survive. Investing in or buying tokens for those average plays? Total waste of time and energy in my opinion. *Instead, chill on the sidelines and wait for that rare gem to deploy your capital. Remember, having no position is a valid position too better than forcing a bad one. That said, trading these things short-term without getting emotionally attached is totally different from long-term investing or holding. I'm mostly talking about the latter here. But even for long-term bets, circle back to that core idea. Build that conviction, sure, but always keep in mind you're here to make money. At some point, you've gotta sell and lock in those gains. Yeah that's what's been rattling around in my head for a while.

Name & Symbol: Drift ($DRIFT)
Address: DriFtupJYLTosbwoN8koMbEYSx54aFAVLddWsbksjwg7

Q4 farming usdai Main farm post plasma among many, hits multiple hot tradfi narratives with ai datacenters buildout craziness. Usdai is supposed to be purely tbill backed for the foreseeable future meaning gpu backed loans risk *should* be isolated. Theres been a lot of ways to play this, project is very dynamic in terms of implementing quick changes. Short term opportunities were minting 1:1 + selling overpeg a few days later, buying post mint at peg on plasma + looping and/or combining with PT loops. In the mean time there were a lot of adjustments to the strategies in terms of multipliers + peg volatility. For TGE exposure without babysitting fluid vaults seem to be by far the best. In current form these are simply usdt usdt loops (yes) because usdai is trading overpeg so its above usdai<>usdt smart collateral concentrated lp upper range. Unfortunately as a result 10x multi was nerfed to 5x -.- . This hopefully goes back to 10x soon with a teased cap raise. Base case is 10x multi could be around 10% apr, so needless to say at 7x loop with sub 1% net borrow this would be goated. Perp Dexes I've been mentioning this for many months now, rn its a pretty consensus bet -> more difficult to farm effectively but you know you're not getting 200M fdv launches so pretty easy to do the math on the potential payouts, especially with otc markets getting more and more action. Objectively a lot of micromanaging if you want peak performance + oct 10th events were traumatizing for many ppl. Need to adjust your risk parameters after what happened, choosing vol vs OI platforms matters a lot depending on your wallet size. As a side note I noticed that Lighter vault is becoming a popular destination to park your stables. Need to have good stack of points to make it worthwhile coz its points gated. Ventuals High risk high reward, optionality on prediction markets meta + hip3 confluence with super asymmetric payoff for early depositors (nfts + 10x higher multi than base + 5x first week points). It was pretty clear this was gonna go above tier1 (500k hype) meaning smooth redemptions. I was surprised to see this wasnt filled in one block, I guess oct 10th + viral fud post from a prominent ct account made an impact. Putting this in high risk coz 1) product might not get traction, 2) hip3 is untested 3) their vault architecture is novel. Ethena Even though the most recent yield print is disastrous (2.5%), I know a lot of smart ppl are still holding their loops (fluid has been full for ages now) in absence of other opportunities. Obviously 80%+ apr as was the case for prev season is not coming back, but ethena proved to be one of the most resilient high capacity farms for years now so ppl stick to what worked in the past. Theo Seems like a pretty safe bet, a lot of ppl migrated here from openeden (which interestingly turned out quite nicely coz of the insane launch valuation). Not much else to add, a comfy risk off farm with probably quite limited upside. Bonus Opportunistic short term high yield like euler on plasma, pt loops when IY spikes, hyperevm with short term khype depeg arbs, icos with great terms etc. Other than that some new stuff like tradexyz, neutrl, andre new invention and new stablecoin chains. As a side note I have briefly researched more than five "flavour of the month" popular CT farms, all very mid and uninteresting. In general I think its pretty dry right now in terms of yield and you need to put quite a bit of effort to outperform or just simply log off and wait for better times. Disclaimer: I have money deployed in majority of the stuff mentioned, blended APR likely low mid double digits if I exclude right tail upside, gl

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

wait robinhood listed aster and not hype? what?

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

teams like @daylightenergy_ & @doublezero working on globally distributed decentralized infra networks that are more efficient than existing ones is one of the most interesting areas in crypto atm

Name & Symbol: DoubleZero ($2Z)
Address: J6pQQ3FAcJQeWPPGppWRb4nM8jU3wLyYbRrLh7feMfvd

Not-so-daily Vol 2025-10-15 Black-Friday was difficult day to say the least, but I'm gaining more confidence on where we are now so wanted to organize some of my thoughts here. Pre 10/10 Black Friday Got pretty long before the crash Was L/S 4:1 betting on the Gold/BTC catch up trade Obviously it was the wrong ratio to be in. The Crash Portfolio got pretty rekt on the day of the crash, and would've gotten zero'd if I was ADL'd on my shorts. - Start Capital : $90k - Current : ~$3.4m - Max Drawdown : 6.5m to 3.2m, 52% My largest long was HYPE and BTC into the event. HYPE wicked down to $20 on Lighter, which would've wiped me out if it weren't for the slower moving index price and my short hedges. During the crash - on the long side, ended up keeping HYPE and closing BTC longs - on the short side, was very lucky to catch a glimpse of markets at 5:30am and was able to close some very displaced shorts during the chaos. Aftermath Been just watching markets trying to figure how to move forward, not doing much with the portfolio, but as I closed out my shorts, I was very long exacerbating the volatility of my equity curve(~2m daily swings on a 3m port). Very stressful. Now I've cashed out some gains and re-added some shorts and moving L/S ratio back towards 1:1 My View The four-year cyclists seem to be leaning towards a top. I can see the multi-cycle OGs that have succeeded trading the four-year cycles selling their coin after this event. This story can also easily gain momentum as a narrative if BTC shows any weakness. For the four-year cycle to break, it needs a new buyer. This was MSTR and DATs over 2024, but seeing as mNAVs are losing their premiums, it's not clear who will support prices at this range. The longer-term macro backdrop is still bullish with the cutting cycle + Gold catch-up trade still valid, but I think the time-frame is extended due to the sheer OI wipeout. This is quite clearly visible on Coinglass's BTC vs Altcoin OI chart. The last instance of a deleveraging of such magnitude was during April 14th 2024 just before the halving. - The Story : The halving - Optimism : BTC was flirting with ATHs - Euphoria : Massive rally on SOL/BTC - The Crash : This eventually broke down liquidating everyone - Consolidation : 1 year consolidation held up by MSTR - Breakout Catalyst : Trump + DATs This time round we have: - The Story : Cutting cycle and Gold catch-up trade - Optimism : BTC was flirting with ATHs - Euphoria : Altcoins(XPL, Aster) were launching at 3 to 10b FDVs, DATs launching everywhere - The Crash : Massive $19b liquidation - Consolidation : Not sure how long, but gut says perhaps shorter? - Breakout Catalyst : Don't know Positioning I remember trading 2024 chop extremely poorly, so will be adjusting my style to reduce losses as much as I can. Switching trading style from swing to chop. This means lowering leverage to <2x port Targeting extremities and having tight SLs and TPs at least until we return to swing environment. It's gonna suck on CT as well as most people here are swing traders. Re: HYPE long I still like the story and the valuation it is at right now, although it is being challenged in two ways - The 50% drop in OI due to the crash. Will be monitoring to see how it recovers. - Increased competition from other perp Dexes. Namely Lighter with it's looming TGE in 2 months(and also EdgeX, Extended and others) Attention will become more PvP during chop season and you need ammo to compete in the most competitive space in crypto. There are still plenty of paths for Hyperliquid to continue growing; - More institutions wake up to the HYPE story - Killer-app launches from their community - Team token unlock surpise - S2 points season The caveat for points is that they are competing with pre-TGE tokens which are like call options. Contrastingly points post TGE are much more deterministic. This makes the points system easily game-able and the user base more mercenary as seen with ASTER and the long list of failed perp dexes post TGE. In conclusion, I don't see a hard reason to close my HYPE longs yet, but will be decreasing the size of the long after having paid 620k in funding fees AND being in 7 figures in the red due to the above reasons. I don't think it'll be an easy next few months. Good luck to everyone out there! And remember opportunities are plentiful in crypto. You just need to pick the right ones. Peace✌️

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

Not-so-daily Vol 2025-10-15 Black-Friday was difficult day to say the least, but I'm gaining more confidence on where we are now so wanted to organize some of my thoughts here. Pre 10/10 Black Friday Got pretty long before the crash Was L/S 4:1 betting on the Gold/BTC catch up trade Obviously it was the wrong ratio to be in. The Crash Portfolio got pretty rekt on the day of the crash, and would've gotten zero'd if I was ADL'd on my shorts. - Start Capital : $90k - Current : ~$3.4m - Max Drawdown : 6.5m to 3.2m, 52% My largest long was HYPE and BTC into the event. HYPE wicked down to $20 on Lighter, which would've wiped me out if it weren't for the slower moving index price and my short hedges. During the crash - on the long side, ended up keeping HYPE and closing BTC longs - on the short side, was very lucky to catch a glimpse of markets at 5:30am and was able to close some very displaced shorts during the chaos. Aftermath Been just watching markets trying to figure how to move forward, not doing much with the portfolio, but as I closed out my shorts, I was very long exacerbating the volatility of my equity curve(~2m daily swings on a 3m port). Very stressful. Now I've cashed out some gains and re-added some shorts and moving L/S ratio back towards 1:1 My View The four-year cyclists seem to be leaning towards a top. I can see the multi-cycle OGs that have succeeded trading the four-year cycles selling their coin after this event. This story can also easily gain momentum as a narrative if BTC shows any weakness. For the four-year cycle to break, it needs a new buyer. This was MSTR and DATs over 2024, but seeing as mNAVs are losing their premiums, it's not clear who will support prices at this range. The longer-term macro backdrop is still bullish with the cutting cycle + Gold catch-up trade still valid, but I think the time-frame is extended due to the sheer OI wipeout. This is quite clearly visible on Coinglass's BTC vs Altcoin OI chart. The last instance of a deleveraging of such magnitude was during April 14th 2024 just before the halving. - The Story : The halving - Optimism : BTC was flirting with ATHs - Euphoria : Massive rally on SOL/BTC - The Crash : This eventually broke down liquidating everyone - Consolidation : 1 year consolidation held up by MSTR - Breakout Catalyst : Trump + DATs This time round we have: - The Story : Cutting cycle and Gold catch-up trade - Optimism : BTC was flirting with ATHs - Euphoria : Altcoins(XPL, Aster) were launching at 3 to 10b FDVs, DATs launching everywhere - The Crash : Massive $19b liquidation - Consolidation : Not sure how long, but gut says perhaps shorter? - Breakout Catalyst : Don't know Positioning I remember trading 2024 chop extremely poorly, so will be adjusting my style to reduce losses as much as I can. Switching trading style from swing to chop. This means lowering leverage to <2x port Targeting extremities and having tight SLs and TPs at least until we return to swing environment. It's gonna suck on CT as well as most people here are swing traders. Re: HYPE long I still like the story and the valuation it is at right now, although it is being challenged in two ways - The 50% drop in OI due to the crash. Will be monitoring to see how it recovers. - Increased competition from other perp Dexes. Namely Lighter with it's looming TGE in 2 months(and also EdgeX, Extended and others) Attention will become more PvP during chop season and you need ammo to compete in the most competitive space in crypto. There are still plenty of paths for Hyperliquid to continue growing; - More institutions wake up to the HYPE story - Killer-app launches from their community - Team token unlock surpise - S2 points season The caveat for points is that they are competing with pre-TGE tokens which are like call options. Contrastingly points post TGE are much more deterministic. This makes the points system easily game-able and the user base more mercenary as seen with ASTER and the long list of failed perp dexes post TGE. In conclusion, I don't see a hard reason to close my HYPE longs yet, but will be decreasing the size of the long after having paid 620k in funding fees AND being in 7 figures in the red due to the above reasons. I don't think it'll be an easy next few months. Good luck to everyone out there! And remember opportunities are plentiful in crypto. You just need to pick the right ones. Peace✌️

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

gold has gone up so much ive started pulling up xau/spx & xau/qqq pairs this is getting treacherous https://t.co/1HuDVuvucM

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

fastest coins on my screen look like zcash zora synthetix & cartelcoin

Name & Symbol: Zora ($ZORA)
Address: 0x1111111111166b7fe7bd91427724b487980afc69

zora def one of the alts still worth holding underowned & likely the crypto app that'll benefit the most from base airdrop since they're now teasing a token one of only new coins available on robinhood strongest flywheel for native token based on all activity within the app

Name & Symbol: Zora ($ZORA)
Address: 0x1111111111166b7fe7bd91427724b487980afc69

I will give you all one of my many conspiracy theories surrounding the recent market collapse The Chinese Loot Theory For the better part of the year, American narratives have completely dominated crypto: ETFs, DATs, TradFi, RWA Tokenization, regulatory clarity, etc. All of the compelling narratives were being driven by the American market; and asian retail / investors were almost always playing catch-up. This is a massive contrast to prior years, especially 2022-2024 where the market was driven by Asia. Asian exchanges. Asian narratives. Asian retail. The US was out of the picture because of regulatory ambiguity. So, this leaves China & Asia essentially displaced for the better part of the year. They have no edge in US politics. They have no information asymmetry in predicting ETF listings or DATs. Their methods collapse & their retail audience falters. NOW - What happens about 10 Days ago? Two things occur around the same time: 1. The US Government Shutdown 2. The launch of Aster, a fresh new perp dex supported by CZ; luring billions in open interest from largely inexperienced traders almost instantly The timing is interesting, because the government shutdown means none of the things planned for this month could come to fruition: - Launch of SOL spot ETFs - Launch of XRP spot ETFs - Launch of DOGE spot ETFs Among other things You have to assume there was plenty of long interest in altcoins going into these events; whether to bet on continuation + inflows or whether to sell-the-news. But they didn't happen. The SEC is shut down. All of these longs are now vulnerable. The expected flows & catalysts are delayed. The Setup: The US is asleep. Capital is fragile & awaiting a delayed catalyst, hoping the market can be propped up by BTC until the government re-opens and the narrative machine can continue burning. Meanwhile, Aster launches (slightly in advance of the shutdown), adding to the OI creep. Chinese narratives regain popularity, driven by CZ's sudden uptick in activity. Perfect timing to loot the market. Then what happens yesterday? - BTC Whale opens massive shorts - Xi Jinping tells Trump to go fuck himself, clearly provoking a reaction Some seem to think this is an American whale; I have no idea obviously, this is conspiracy theory, but I think the factors point much more toward someone who knew of Xi's side of things as opposed to Trump's. Particularly given the fact that Xi's side of things were a certainty to come first, as he was the first actor, whereas you can't predict with certainty at the time those positions were opened how or whether Trump would react. In short - The perfect storm: - OI is elevated on altcoins in expectation of ETFs this month - Chinese narratives suddenly regain popularity, driven by CZ's sudden uptick in activity & the launch of Aster - Aster lures even more substantial OI mostly from inexperienced traders / pump chasers & airdrop farmers - US Government is shutdown, kneecapping American control over market narratives in crypto & delaying the catalyst that longs expected This leaves you with elevated open interest, delayed catalysts, and the perfect opportunity to loot the market. Xi then tells Trump to fuck himself & the job is done.

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