Shorting tokens with a large $ amount of unlocks stills the best working trade, with these coins down an average of -15%.
In April, over $1 billion was unlocked by layer-2 tokens and DEX-based tokens, including $ARB with $152 million, $APT with $418 million, and $DYDX with $165 million.
The market bottomed out with selling pressure from those unlocks at -35%, which could also lead to a case for a few coins to be called out for having higher FDV that can trigger a so-called hate rally, for example, $SUI, $SEI, $IMX, and $APT. Or, the initial rally pre-April was an exit pump before the unlocks.
In April, over $1 billion was unlocked by layer-2 tokens and DEX-based tokens, including $ARB with $152 million, $APT with $418 million, and $DYDX with $165 million.
The market bottomed out with selling pressure from those unlocks at -35%, which could also lead to a case for a few coins to be called out for having higher FDV that can trigger a so-called hate rally, for example, $SUI, $SEI, $IMX, and $APT. Or, the initial rally pre-April was an exit pump before the unlocks.
Alpha
Shorting tokens with a large $ amount of unlocks stills the best working trade, with these coins down an average of -15%. In April, over $1 billion was unlocked by layer-2 tokens and DEX-based tokens, including $ARB with $152 million, $APT with $418 million…
Not a single token with Big unlocks Performed + in April.
Binance Launchpad's & new listings are in dip with good discounts.
This discount because Binance listings typically perform well after an initial sell-off to shake out weak hands.
have talked about this a couple of times with data/analytics, explaining why the Binance Launchpad is always the best/or atleast avg performer in a bull market.
> watchlists. All of them are backed by tier 1-2 VCs, with Binance fund backing as well. It's better to play with the cartel, not against it.
This discount because Binance listings typically perform well after an initial sell-off to shake out weak hands.
have talked about this a couple of times with data/analytics, explaining why the Binance Launchpad is always the best/or atleast avg performer in a bull market.
> watchlists. All of them are backed by tier 1-2 VCs, with Binance fund backing as well. It's better to play with the cartel, not against it.
Impact of Binance listings: if a project is still not getting listed on a CEX in this bullish env, it might miss the cycle phase.
Whatever gets listed, along with team announcements, partnerships, and incentives, ends up being bullish for the token price/project.
Launching in a bull market is soaring; missing it is stalling.
Whatever gets listed, along with team announcements, partnerships, and incentives, ends up being bullish for the token price/project.
Launching in a bull market is soaring; missing it is stalling.
Why meme coins won't be labeled as memes if VCs invest in them:
Investments by VCs can enhance the legitimacy and financial backing of a meme coin, potentially shifting its perception from a novelty or cultural token to a more serious investment vehicle.
This added seriousness and credibility can dilute its original whimsical and community-driven meme identity.
It's more like VCs backing meme coins Vs community/culture-backed coins, such as $Shib Vs $Pepe [short vs Long, pair trade] Cultural Meme coins to $bb
Investments by VCs can enhance the legitimacy and financial backing of a meme coin, potentially shifting its perception from a novelty or cultural token to a more serious investment vehicle.
This added seriousness and credibility can dilute its original whimsical and community-driven meme identity.
It's more like VCs backing meme coins Vs community/culture-backed coins, such as $Shib Vs $Pepe [short vs Long, pair trade] Cultural Meme coins to $bb
The market may remain choppy or trend lower for weeks. With May approaching, the adage 'sell in May and go away' will likely become a clickbait on socials. However, the direction is clear: the lower the market goes, the cheaper the coin become. The run hasn't even started yet; ETH and meme coins to go turbo in next leg.
ARK, Fidelity, Bitwise and grayscale all had outflows yesterday total $-217m
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