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?
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?
Crypto Mumbles
another token i really like and have been buying is $hustle will share more tomorrow
$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
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
Forwarded from unfolded.
Metaplanet adds 780 BTC for $92.5 million, now holds Bitcoin worth $2 billion — link | AI comment
Forwarded from unfolded.
SharpLink Gaming buys $295 million in ETH, pushing total holdings over 438,000 ETH: onchain analysts — link | AI comment
Forwarded from Drops Analytics
• Total Invested: $1.86M
• Total Profit: $68.2M
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Forwarded from QCP Broadcast
QCP Asia Colour - 28 Jul 25
ETH is on a tear, inching towards the $4k mark for the first time since December last year. Momentum continues to build behind the ETH narrative as spot ETH ETF inflows continue to outpace BTC for seven consecutive days. With ETH’s market capitalisation still just one-fifth of BTC’s, it takes far less institutional and Corporate Treasury capital to move the needle.
While ETH may have dominated headlines in recent weeks, BTC has remained quietly resilient. Despite a deceleration in spot BTC ETF inflows, price action has held firm. Even Friday’s sale of 80,000 BTC by a long-time holder was absorbed relatively well by the market as traders were quick to buy the dip and fade the brief spike in vols.
BTC dominance remains anchored around 60%, barely budging over the past week; signalling a sustained conviction in BTC as a store-of-value asset, rather than wholesale rotation into alts. This also implies further room for ETH and other majors to gain market share. For context, during ETH’s all-time high in November 2021, BTC dominance stood below 45% while ETH’s was near 20%.
Still, positioning looks relatively stretched in the near term. Perpetual Open Interest sits near 1-year highs at $45 billion for BTC and $28 billion for ETH. Perp Funding rates are also above 15% across major exchanges. While not yet at levels that scream capitulation, it wouldn’t take much to trigger a cascade similar to last Friday. Notably, some large players have already taken profit on their bullish positions, including the unwind of a sizeable ETH 26SEP25 3.6k/4k/4.2k Call Fly. Around the same time, BTC 8AUG25 110k Puts were also bought up in size as a hedge against near-term downside.
Options flows and flattened risk reversals across front-end tenors point to markets expecting some profit-taking around the $4k and $120k region in ETH and BTC respectively. Yet with momentum, narrative strength, and macro tailwinds on our side, it's likely that hodlers and institutions will continue to buy the dip, similar to what we saw on Friday.
ETH is on a tear, inching towards the $4k mark for the first time since December last year. Momentum continues to build behind the ETH narrative as spot ETH ETF inflows continue to outpace BTC for seven consecutive days. With ETH’s market capitalisation still just one-fifth of BTC’s, it takes far less institutional and Corporate Treasury capital to move the needle.
While ETH may have dominated headlines in recent weeks, BTC has remained quietly resilient. Despite a deceleration in spot BTC ETF inflows, price action has held firm. Even Friday’s sale of 80,000 BTC by a long-time holder was absorbed relatively well by the market as traders were quick to buy the dip and fade the brief spike in vols.
BTC dominance remains anchored around 60%, barely budging over the past week; signalling a sustained conviction in BTC as a store-of-value asset, rather than wholesale rotation into alts. This also implies further room for ETH and other majors to gain market share. For context, during ETH’s all-time high in November 2021, BTC dominance stood below 45% while ETH’s was near 20%.
Still, positioning looks relatively stretched in the near term. Perpetual Open Interest sits near 1-year highs at $45 billion for BTC and $28 billion for ETH. Perp Funding rates are also above 15% across major exchanges. While not yet at levels that scream capitulation, it wouldn’t take much to trigger a cascade similar to last Friday. Notably, some large players have already taken profit on their bullish positions, including the unwind of a sizeable ETH 26SEP25 3.6k/4k/4.2k Call Fly. Around the same time, BTC 8AUG25 110k Puts were also bought up in size as a hedge against near-term downside.
Options flows and flattened risk reversals across front-end tenors point to markets expecting some profit-taking around the $4k and $120k region in ETH and BTC respectively. Yet with momentum, narrative strength, and macro tailwinds on our side, it's likely that hodlers and institutions will continue to buy the dip, similar to what we saw on Friday.
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