💬 “Historically, every time we’ve seen this kind of global economic panic, crypto has initially gone down but ended higher over the next year”

This is what Matt Hougan, chief investment officer at Bitwise, specifies in a research note.

“If you’re like most crypto investors, you’ve been through a brutal wave of emotions, including fear or despair. For many, the emotion that hits hardest is something like anger.”

As a reminder, yesterday Bitcoin fell below $50 ,000 for the first time since February.

“But my real advice is to ignore the short term and look down. Bitcoin is a volatile asset, with big ups and big downs. It always has been and will continue to be for some time.”

https://experts.bitwiseinv...

$4 .81 million liquidated in shorts positions as $SOL surged to $193 .

The single largest liquidation was $1 .78 million at $187 .

Over $4 million liquidated in SHORTS position as $SOL hits $187 .

The single largest short Liquidation was $560K at $186

Daily Memecoin Recap - July 25

Overall slow day

Smoking Chicken Fish Steals The Show
$scf -> $14 .9m to $53 .6m (3.6x), "Church of the Smoking Chicken Fish"
$cfsm -> hit $1 .25m, "Church of the Flying Spaghetti Monster", beta to $scf
$crabs -> hit $540k , "Smoking Crabby", "The Holy Church of Bottom Feeders", beta to $scf
- Weird meme, but original
- Ansem bought & helped push this blknoiz06

- First time in a while that we see something that doesn't fit current metas (dogs, cats, matt furie characters, etc.) push this high

Mumu Blasts Through ATH
$mumu -> $82m to $187m (2.28x), Matt_Furie meme
- Whales heavily accumulating
- Someone 1 clip bought $2m worth and started clipping out of their position right after

$ETH whales push Brainlet
$brainlet -> $610k to $20 .8m (34x), popular meme

Mainstream Memes
$aura -> $32 .2m to $52 .3m (1.62x), great team
$manifest -> $2 .16m to $9 .67m (4.47x), CTO, team keeps pushing
$hmu -> $320k to $3 .4m (10.6x), "hit me up"
$omg -> hit $1 .22m, CTO'd
$test -> hit $948k , "testosterone"
$affirm -> hit $933k , same vibe as $manifest
$fml -> hit $265k
$bidness -> hit $260k , "standing on bidnes", CTO, cute cat

Chosen Memes of The Day
$oreo -> hit $1 .35m, dog with oreo-like fur
$usdt -> hit $1 .27m, "Ultimate Supreme Degen Tiger", fire meme, CTO

More Cooks
$karris -> $855k to $4 .7m (5.5x), "Kamela Karris", redacted KamalaHarris

$ikigai -> $1 .43m to $3 .8m (2.65x), wholesome
$meta -> $79k to $1 .56m (19.8x), wizard meme, cult-like community forming
$puppet -> hit $9 .22m, popular meme
$apu -> hit $4m , ran straight to millions, heavily bundled
$god -> hit $820k , "The First Dev"
$ets -> hit $575k , based on ETHEREALSOLS33

$lenny -> hit $540k , CTO, "( ͡° ͜ʖ ͡°)" meme
$raid -> hit $490k
$visualize -> hit $317k , CTO
$coca -> hit $398k , "Cocaine Shark"
$jesus -> hit $271k , "The First CTO Leader", beta to $god

Once we get back to full bull mode & retail starts coming in, people will stop jeeting for 10% profit

Until then, keep stacking your gains while minimizing risk🤝