feels like ct is forgetting all about the meme dilution that we talked about now that memes are approaching consensus (dilution continues as we restart the pumpfun engine)
until (real) pve money comes in, i think most memes are cucked after a certain repricing *especially* the ones not on murad's list or have a very strong case for
most memes won't see ath again because hot money will simply rotate around memes that don't have a cultish community (ie. dead charts or memes that had no strength until the recent rally)
those communities failed the test in times of red, so i don't see why they'll prosper over stronger ones without pve szn
a good quote i read today, "everyone can play, but not everyone can win"
until (real) pve money comes in, i think most memes are cucked after a certain repricing *especially* the ones not on murad's list or have a very strong case for
most memes won't see ath again because hot money will simply rotate around memes that don't have a cultish community (ie. dead charts or memes that had no strength until the recent rally)
those communities failed the test in times of red, so i don't see why they'll prosper over stronger ones without pve szn
a good quote i read today, "everyone can play, but not everyone can win"
👍5
Forwarded from Ian's Intel
ETF Flows: 08 Oct 2024
🔴 Bitcoin ETFs: -$18.6M net outflows
🔴 Ethereum ETFs: -$8.1M net outflows
🔴 Bitcoin ETFs: -$18.6M net outflows
🔴 Ethereum ETFs: -$8.1M net outflows
#reads apps
https://fxtwitter.com/ryanwatkins_/status/1843791818640720124?s=46&t=nluSw7cwYGx8zFxfoYi5Iw
https://fxtwitter.com/ryanwatkins_/status/1843791818640720124?s=46&t=nluSw7cwYGx8zFxfoYi5Iw
FxTwitter / FixupX
Ryan Watkins (@RyanWatkins_)
Applications on Ethereum and Solana are on the verge of flipping their underlying infrastructure in revenue.
What does this mean for the future of value capture in the cryptoeconomy?
What does this mean for the future of value capture in the cryptoeconomy?
top signal to be moonshot ranking one in app store or CM having 10k subs
better start selling then
better start selling then
🤔8😱1
execution is always the hardest part
you can have the right idea but wrong execution and still get burned
or execute too early and get burned
hmm
you can have the right idea but wrong execution and still get burned
or execute too early and get burned
hmm
🔥5🤝1
Forwarded from pentalope
IMO game already solved within new verticals
1. new pairs: personally have not seen any upside looking at pairs below 1m in quite a while. the whole scanner / wallet tracker / kol frontrunning game has been run through, then dragged out and beaten to death a second time. look at MOTHER then WAP
2. alts: the playbook is solved - short bad alts, the people that are early have made it (see thiccy deleting GEv2 when he hit his personal line in the sand), the rest of us are seeing little to no edge as there is insufficient downside for alts already below YO, pumped alts are too squeezy for less sophisticated participants to short, its a pvp liquidation competition
3. medium to large caps / murad cult thesis: the people who are early (pre-murad, the people actually keeping the cults alive and actually running the shows) are also up big, if they were gonna sell (doubt it) this would be their big liquidity event — but since the pushes are not concentrated likely we see power law distribution in terms of % moves
think going ahead upside remaining for coins that have reasonable cults (small to medium sized cults) that have not gotten their chance to shine in murad thesis
could be seasonality: coins that happened to bottom when murad was making his metrics that missed the list, or coins that have died even further back, and are still alive but with lower activity count than his thresholds
1. new pairs: personally have not seen any upside looking at pairs below 1m in quite a while. the whole scanner / wallet tracker / kol frontrunning game has been run through, then dragged out and beaten to death a second time. look at MOTHER then WAP
2. alts: the playbook is solved - short bad alts, the people that are early have made it (see thiccy deleting GEv2 when he hit his personal line in the sand), the rest of us are seeing little to no edge as there is insufficient downside for alts already below YO, pumped alts are too squeezy for less sophisticated participants to short, its a pvp liquidation competition
3. medium to large caps / murad cult thesis: the people who are early (pre-murad, the people actually keeping the cults alive and actually running the shows) are also up big, if they were gonna sell (doubt it) this would be their big liquidity event — but since the pushes are not concentrated likely we see power law distribution in terms of % moves
think going ahead upside remaining for coins that have reasonable cults (small to medium sized cults) that have not gotten their chance to shine in murad thesis
could be seasonality: coins that happened to bottom when murad was making his metrics that missed the list, or coins that have died even further back, and are still alive but with lower activity count than his thresholds
🔥1
Forwarded from Investigations by ZachXBT
Sharing 11 high confidence wallets with $24M tied to MustStopMurad so people can track them. I made a longer post on X/Twitter explaining my rationale behind mapping out this cluster of wallets.
ETH
0x6b411100c72ba2445e50ffd20839c28b3546de7c
0xcbd0dee0c3eed152c3398b062361becc4a15522b
0x13fc38ec99a8217a06d1dc6db8c0bf0ee97ebf7f
0x71b4fd11eef705ba60176e7c034cd1a4f97ae02d
0x30b46a659761b576a00028b44d1e37fdc64b034d
0x5b1569db234a0f2884814a3f7184f01cf641b0c6
0x464e0a666734ba93e231d929ace538eaf05ff424
0xdb47714727cba70f0408ba30dc4ea0b5ac436055
SOL
7QZGS7MQ4S6hRmE8iXoFTXgQ2hXVUCho2ZhgeWvLNPZT
GyBkVYkHBPMapyQeueQ6d44YthwqYiX4ajgnGLqq9P7r
2xn57hPD2v6ighJFPXNPSoiGUXkW4KKo8Hb3NpXmHZvZ
ETH
0x6b411100c72ba2445e50ffd20839c28b3546de7c
0xcbd0dee0c3eed152c3398b062361becc4a15522b
0x13fc38ec99a8217a06d1dc6db8c0bf0ee97ebf7f
0x71b4fd11eef705ba60176e7c034cd1a4f97ae02d
0x30b46a659761b576a00028b44d1e37fdc64b034d
0x5b1569db234a0f2884814a3f7184f01cf641b0c6
0x464e0a666734ba93e231d929ace538eaf05ff424
0xdb47714727cba70f0408ba30dc4ea0b5ac436055
SOL
7QZGS7MQ4S6hRmE8iXoFTXgQ2hXVUCho2ZhgeWvLNPZT
GyBkVYkHBPMapyQeueQ6d44YthwqYiX4ajgnGLqq9P7r
2xn57hPD2v6ighJFPXNPSoiGUXkW4KKo8Hb3NpXmHZvZ
👍5
Investigations by ZachXBT
Sharing 11 high confidence wallets with $24M tied to MustStopMurad so people can track them. I made a longer post on X/Twitter explaining my rationale behind mapping out this cluster of wallets. ETH 0x6b411100c72ba2445e50ffd20839c28b3546de7c 0xcbd0dee0c3…
now the holdings of the “VC” of this cycle has been doxxed
will transparency make a difference?
let’s see
will transparency make a difference?
let’s see
i don’t think zach doxxing murad’s wallet is a bad thing
with onchain it’s only a matter of time
if it’s not zach it’ll be someone else eventually
weren’t people screaming screw VC coins and exchanges cause of their opaque agreements?
so now when things are transparent why are y’all mad
with onchain it’s only a matter of time
if it’s not zach it’ll be someone else eventually
weren’t people screaming screw VC coins and exchanges cause of their opaque agreements?
so now when things are transparent why are y’all mad
👍7
if it’s because murad selling will cause a cascade then that means you prefer opaque selling init
> back to VC alts
> back to VC alts
Forwarded from Investing Beanstock
Also highly recommend reading “Devil Take The Hindmost” by Edward Chancellor if you are already heavily allocated to memecoins
Super applicable in the context of crypto and it’s just a great book overall on speculation history
Super applicable in the context of crypto and it’s just a great book overall on speculation history
👍4