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?

one edge zora has is that

on sol:
buy jupiter! buy bonk! buy pump! buy believe! launchpad wars!

on base:
zora.

$hustle

tldr; unique concept, proven team, good narrative

hustle was previously known as tnsr, which i was a holder of in dec 24 - link
i was impressed by the team and knew that they would be building something cool. fast forward to today, they've migrated their token from pump to bonk using their own tech, migratefun

hustle is two projects in one: defai hustle agent and migratefun
both projects buyback into the same token $hustle

thesis is mainly on migratefun. migratefun is the only project rn that helps pump coins migrate over, unlocking LP and allowing for CTO! there are over 50+ projects in line waiting to migrate in august. migratefun takes a migration fee from these projects and uses it to buyback $hustle. (cohort migration announcement: https://x.com/NickDGarcia/status/1949121306508591520)

to note: buybacks have been announced on spaces, specifics to be published soon

napkin math: https://x.com/DecentrlizOrDie/status/1949530410427494607
kitty migration: https://x.com/HKittyOnSol/status/1948925330032349210
introductory thread: https://x.com/DecentrlizOrDie/status/1948392344996503706
interesting analogy: https://x.com/avocado_toast2/status/1949153813820026886
migration meta: https://x.com/avocado_toast2/status/1949146620181815735
possible reasons: https://x.com/NickDGarcia/status/1948762366272815326

team has built emblemvault, great product since 2016

we're seeing a very curious case of people shunning away from pumpca (eg. labubu on bonk is running but labubu on pump is falling), so there exists a bonkfun premium or pumpca tax in the trenches rn. teams are incentivised to migrate over to unlock bonkfun fee structure, hype, premium etc. the TAM here is virtually any pump token with LP stuck. it is possible that teams can experience a second life post migration, just as how hustle successfully migrated to bonk and pulled 20x. pretty cool overall and i can see this catching on as it gains awareness and traction from teams migrating, i guess its also about aligning with the market.

overall it does feel a bit under the radar for now and can possibly accelerate quickly once news of team migrations are out + buybacks. just as how i initially thought i was late to gp before a massive repricing to the upside. when i looked at gp around $1, it felt painful to topblast after multiples off the lows, but it went even further after more eyes were on it. similar thoughts here!

there are risks too, such as if tom builds his own migrator, or if bonk narrative fails due to pump's resurgence, etc. in those cases, the trade will be cut

glhf!

HUSTLFV3U5Km8u66rMQExh4nLy7unfKHedEXVK1WgSAG