some thoughts on this:

- solana trenches does feel a bit cooked for awhile in the bigger scheme of things. maybe it returns stronger in q4
- people are looking to buy bundled or crime coins
- explains why there has been no big runners recently
- current rotation to utility/tradfi pve coins makes sense
- trenches liquidity wiped by pump tge
- devs are flexing video edits of themselves rugging during bonding curve for a quick couple grand
- launchpad wars on solana fragments a lot of liquidity, remember the times when we only had pump? (similar to constant L2 fragmentation)
- bonk ca vs pump ca (wtf?)
- without a shepherd (like bonkguy) herding people into buying a coin, it cannot run! how did we even get here? we had runners running nonstop left and right in the past even when there was no shepherd herding sheeps
- money can definitely still be made, just as how i said that there will be always be a subset of participants hypergambling in the trenches due to port size or just preference
- what then, would be your odds of winning when the house has greater odds than a casino?
- if the situation does not change, liquidity continues to funnel/concentrate into utility picks as trenches slowly dry out (until the next wealth effect)

how did we even get to this state??

TRUMP: WE HAVE REACHED A DEAL WITH EU

zora dashboard:
https://zorascan.xultra.fun/

another token i really like and have been buying is $hustle

will share more tomorrow

this will be interesting to see and imo if they are going to do it, they have to go all the way ie. ALL tokens paired w bonk

option alone won't do much except sound bullish before every dev reverts back to pairing w sol

also, 99% of trenchers use terminals to trade, so terminals will have to adapt (takes time) and now as a trencher i have to hold both bonk and sol to trench

and we will revert back to the path of least resistance (sol) because i can trench every other launchpad as well

all property becomes cryptography

#reads

https://fxtwitter.com/balajis/status/1949403245811822628

the j-curve*. THIS.

happened to EVERY top performing coin rn: hype, bonk, ena, zora, etc.

what happens is that when projects begin phase 3 and pulls multiples off all time lows, we're wired to think

"ah, i've missed the move"
"it's too expensive now, i could've bought lower but missed the trade"

i mean ofc its gonna be up multiples off ATL its ATL for a reason

but it literally just began phase 3 and you're already quickly dismissing the remaining 80-90% of the move in phase 3

haven't seen this being thrown in awhile, but winners average winners

winners will only continue winning in most cases

*this only applies to utility coins

zora look pretty contentious on my TL

i think that is a good thing

there is no asymmetry in a trade where everyone is 100% aligned from the get go

makes a trade worth taking, whether it plays out or not

but what i don't like is how some debates are reduced to just base v sol

instead of actually debating the mechanism, app, metrics, or the way forward

clearly some soybros are shitting on it just because its not on sol and are somehow feeling threatened

why?