awesome, another token to short

Protocols doing buyback

Radium
- $250-300M of run rate fees vs $1.5B of circulating (5-6x), 70-75% of fees used for buybacks

Hyperliquid
- $400-500M of run rate fees vs $8-9B circ (20x) and entirely used for buybacks

Metaplex
- $40-50M of run rate fees vs $230M circ (5x), with ~$2-3M in monthly buybacks

Geodnet
- $3M of ARR (growing 5-6x YoY) vs $90M circ (30x) with 80% used for buybacks

Jupiter
- $300-400M of run rate fees vs ~$2B circ (6x) with 50% used for buybacks

Link: https://x.com/jamesjho_/status/1890152860463063442

my picks are jup and hype as shared before

rest are interesting to read into

there is also tnsr iirc with vector

market remains resilient on bad news, just eager for a positive catalyst to finally break out

would be good to at least have some exposure or you'll be very underpositioned

lots of alts look bottomed as well

wrote this awhile back but forgot to share

simple write up on why i think jup is attractive for a mid term trade

https://medium.com/@dpycm/the-jupiter-thesis-b6893a75f366

also, good to always keep in mind that

strength in bad times =/= acceleration in good times

its never a given

what might be great picks in risk off does not necessarily translate to being great picks in risk on

often times there are faster horses to go for then

as long as you remember to be water

Kaito Yap Valuation

Source: https://x.com/ren_gmi/status/1890385280114315736?s=46&t=2q9OLMlaobNlHLewOXT4uA

pump.fun launches mobile app (not available in the UK). — Link

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