1 hr. ago
🚨 The $1 .5 million CryptoPunks 2386 just sold for just $23 ,000 in a stroke of genius.
To put this into context, you should know that this CryptoPunk was split into 10,000 ERC20 tokens on 09/26/2020, and distributed among 257 holders, via a platform now out of service called Niftex.
Indeed, this NFT being very rare, it had been split in order to become more affordable and to allow everyone to own a part of a Punks.
But with the platform closed, it became difficult to sell or buy a fragment of this Punk.
However, the smart contract linked to the NFT remained valid on the blockchain, and an individual activated a buyback feature to ultimately take possession of the NFT for a fraction of its current value.
"Any shareholder can propose a buyout price, and if no one counters, he can buy the asset after 14 days."
So the offer was 0.001 ETH per share, or 10 ETH for the 10,000 shares. And the countdown that almost no one could see began.
After the 14 days, the individual got his hands on the NFT for a pittance.
Developer 0xQuit calls the operation the "theft of the century."
To put this into context, you should know that this CryptoPunk was split into 10,000 ERC20 tokens on 09/26/2020, and distributed among 257 holders, via a platform now out of service called Niftex.
Indeed, this NFT being very rare, it had been split in order to become more affordable and to allow everyone to own a part of a Punks.
But with the platform closed, it became difficult to sell or buy a fragment of this Punk.
However, the smart contract linked to the NFT remained valid on the blockchain, and an individual activated a buyback feature to ultimately take possession of the NFT for a fraction of its current value.
"Any shareholder can propose a buyout price, and if no one counters, he can buy the asset after 14 days."
So the offer was 0.001 ETH per share, or 10 ETH for the 10,000 shares. And the countdown that almost no one could see began.
After the 14 days, the individual got his hands on the NFT for a pittance.
Developer 0xQuit calls the operation the "theft of the century."
18 hours ago
Sentiment is down, and critics have been quick to point out ETH's underperformance against SOL while largely attributing this to a perceived loss of mindshare and users to L2s.
This narrative has sparked a crucial debate: Are L2s Ethereum?
arjunnchand
brings the analysis...
========================================
🤔 Symbiotic or Separatist?
L2s have been a core component of Ethereum's rollup-centric roadmap from the very beginning. They were envisioned as extensions (technical and cultural) of Ethereum, designed to expand its capabilities and attract a broader user base.
At their core, L2s are deeply linked with Ethereum. They share its DNA — relying on ETH as the currency, benefitting from Ethereum's security blanket, and utilizing it for data storage and settlement. It's like a startup leveraging its parent company's infrastructure and brand recognition, a win-win for both.
The symbiotic relationship between L2s and Ethereum is undeniable. L2s thrive on Ethereum's infrastructure and security, while Ethereum benefits from the increased activity and increased demand for ETH, making it a better store of value.
By offering lower fees and faster transaction times, L2s have made it easier for developers to build different types of applications. Look at the explosion of memecoins on Base or the rise of SocialFi platforms like Farcaster creating new markets for users.
Beyond that, L2s are becoming major hubs for DeFi activity, and ETH, the asset, is at the heart of this ecosystem. Look at the numbers:
arbitrum
,
Optimism
,
@base
— these chains are dominated by ETH-related assets.
🧛♂️ Vampire attack?
However, one of the primary arguments against the rollup-centric approach to scaling Ethereum is the assumption that L2s may not continue to rely on Ethereum. Sure, L2s and Ethereum seem like a happy family now. But what if L2s build their own empires and ditch Ethereum altogether? No more relying on Ethereum for security, no more ETH as gas, not even needing Ethereum's block space.
This "L2s go rogue" fear is a legitimate concern. Technically, they could build independent ecosystems with their own validators as they would then be able to own the entire modular blockchain stack. So, is this the future – a messy breakup between L2s and Ethereum? Not necessarily.
We can all agree that there are perhaps a few too many L2s. Too many copycats. Too little differentiation. It's like a thousand startups chasing the same market, all promising the same thing. This isn't healthy.
What we need are L2s that matter. L2s that offer something unique, something that sets them apart. Security, app diversity, GTM strategy — these are the areas where we need to see real innovation.
But we must be wary of ‘echo chambers’. These zones of chains should not become isolated universes. A healthy L2 ecosystem is one where chains work together, not in isolation. We need bridges, not moats.
We need collaboration. We need communication. We need education. We need incentives. We need to build shared infrastructure and standards that foster seamless connectivity across L2s. Only then can we truly win together.
💭 Closing Thoughts
You can say that L2s aren’t Ethereum. You can argue L2s aren’t even extensions of Ethereum. But you cannot deny the fact that L2s enhance the utility of Ethereum and ETH.
The "L2s vs. Ethereum" debate is a false dichotomy. This isn't a zero-sum game. Ultimately, Ethereum and L2s are in this together. Let's build a future where Ethereum and L2s thrive as a symbiotic whole, and push the crypto ecosystem forward.
This narrative has sparked a crucial debate: Are L2s Ethereum?
arjunnchand
brings the analysis...
========================================
🤔 Symbiotic or Separatist?
L2s have been a core component of Ethereum's rollup-centric roadmap from the very beginning. They were envisioned as extensions (technical and cultural) of Ethereum, designed to expand its capabilities and attract a broader user base.
At their core, L2s are deeply linked with Ethereum. They share its DNA — relying on ETH as the currency, benefitting from Ethereum's security blanket, and utilizing it for data storage and settlement. It's like a startup leveraging its parent company's infrastructure and brand recognition, a win-win for both.
The symbiotic relationship between L2s and Ethereum is undeniable. L2s thrive on Ethereum's infrastructure and security, while Ethereum benefits from the increased activity and increased demand for ETH, making it a better store of value.
By offering lower fees and faster transaction times, L2s have made it easier for developers to build different types of applications. Look at the explosion of memecoins on Base or the rise of SocialFi platforms like Farcaster creating new markets for users.
Beyond that, L2s are becoming major hubs for DeFi activity, and ETH, the asset, is at the heart of this ecosystem. Look at the numbers:
arbitrum
,
Optimism
,
@base
— these chains are dominated by ETH-related assets.
🧛♂️ Vampire attack?
However, one of the primary arguments against the rollup-centric approach to scaling Ethereum is the assumption that L2s may not continue to rely on Ethereum. Sure, L2s and Ethereum seem like a happy family now. But what if L2s build their own empires and ditch Ethereum altogether? No more relying on Ethereum for security, no more ETH as gas, not even needing Ethereum's block space.
This "L2s go rogue" fear is a legitimate concern. Technically, they could build independent ecosystems with their own validators as they would then be able to own the entire modular blockchain stack. So, is this the future – a messy breakup between L2s and Ethereum? Not necessarily.
We can all agree that there are perhaps a few too many L2s. Too many copycats. Too little differentiation. It's like a thousand startups chasing the same market, all promising the same thing. This isn't healthy.
What we need are L2s that matter. L2s that offer something unique, something that sets them apart. Security, app diversity, GTM strategy — these are the areas where we need to see real innovation.
But we must be wary of ‘echo chambers’. These zones of chains should not become isolated universes. A healthy L2 ecosystem is one where chains work together, not in isolation. We need bridges, not moats.
We need collaboration. We need communication. We need education. We need incentives. We need to build shared infrastructure and standards that foster seamless connectivity across L2s. Only then can we truly win together.
💭 Closing Thoughts
You can say that L2s aren’t Ethereum. You can argue L2s aren’t even extensions of Ethereum. But you cannot deny the fact that L2s enhance the utility of Ethereum and ETH.
The "L2s vs. Ethereum" debate is a false dichotomy. This isn't a zero-sum game. Ultimately, Ethereum and L2s are in this together. Let's build a future where Ethereum and L2s thrive as a symbiotic whole, and push the crypto ecosystem forward.
3 days ago
After the euphoric highs of Q2, fear and doubt have crept back into crypto markets in recent months.
Amidst the uncertainty Solana’s DeFi ecosystem has shed layers of TVL (Total Value Locked), with the majority of protocol’s losing between 13-18% in USD value on a monthly time frame.
However, despite the market-wide pullback, outperformers have emerged. Which protocols created a liquidity vacuum and expanded their TVL despite ailing markets?
NX FINANCE, LULO LEAD MONTHLY TVL GROWTH
Solana’s DeFi scene has enjoyed newfound momentum and attention throughout 2024. However, the last 30 days indicate a charge in sentiment, with the bulk of Solana protocols suffering significant drops in their TVL.
Despite challenging conditions, several outliers have outperformed the wider market and witnessed continued growth in the face of adversity.
Lending aggregator NX Finance led the charge, enjoying consistent growth in the face of difficult markets. Courtesy of its incentivized rewards program, NX Finance TVL rose 65% in the last 30 days, leading Solana’s top 50 DeFi applications by TVL.
Meanwhile, fellow lending aggregator Lulo Finance continued to rise through the ranks, securing over $30M in Directed Liquidity (DL). With over 92% of its DL, a similar metric similar to TVL, held in stablecoins, Lulo-managed value has increased by 32.27% in the last 30 days.
At first glance, DeFiLlama data suggests that Jupiter’s TVL has risen by 47.22% in the last 30 days. However, this increase is due to the popular analytics platform integrating $jupSOL into Jupiter’s total TVL on August 16, adding approximately $300M worth of funds to the platform.
According to Step Finance data, $jupSOL supply has risen 0.36% in the last 30 days. Coupled with the 2.22% decline in Jupiter perpetual TVL in the same time period, it can be concluded that Jupiter’s total TVL has remained relatively stable in the face of challenging market conditions.
Kamino TVL Climbs Despite Falling Prices
Kamino Finance has been one of Solana DeFi’s most solid performers throughout Q3’s volatility. While lending aggregators like NX Finance and Lulo predominantly hold stablecoins, making them more resilient to market downturn, Kamino accepts deposits from a wider range of more volatile assets.
Despite falling asset prices across the industry, Kamino has emerged as one of Solana’s standout DeFi protocols.
While $SOL price has dropped over 36% since its March 18 high of $202 , Kamino TVL has increased by 12% in USD terms. Denominated in SOL, Kamino TVL has risen by 76% in the same time frame.
JUPITER DOMINATES PERPETUAL TVL ACROSS THE INDUSTRY
Jupiter’s perpetual DEX platform shows no sign of relinquishing its iron grip on derivatives dominance. One of Solana’s largest DeFi protocols, Jupiter’s perpetual DEX is currently the largest onchain derivatives market in the crypto industry.
Boasting over $657M in TVL, Jupiter dominates perpetual market share. According to DeFiLlama data, the Solana-based platform currently accounts for 18.82% of onchain derivatives TVL across the industry.
While Jupiter boasts the highest TVL across all perpetual DEXes, its closest rival still witnesses higher trading volumes. During August, Hyperliquid handled $34 .6B in trading volume compared to Jupiter’s $15 .1B. It’s worth noting that Hyperliquid’s high volume could attributed to its points program, which is expected to influence token allocations ahead of the protocol’s upcoming airdrop
Amidst the uncertainty Solana’s DeFi ecosystem has shed layers of TVL (Total Value Locked), with the majority of protocol’s losing between 13-18% in USD value on a monthly time frame.
However, despite the market-wide pullback, outperformers have emerged. Which protocols created a liquidity vacuum and expanded their TVL despite ailing markets?
NX FINANCE, LULO LEAD MONTHLY TVL GROWTH
Solana’s DeFi scene has enjoyed newfound momentum and attention throughout 2024. However, the last 30 days indicate a charge in sentiment, with the bulk of Solana protocols suffering significant drops in their TVL.
Despite challenging conditions, several outliers have outperformed the wider market and witnessed continued growth in the face of adversity.
Lending aggregator NX Finance led the charge, enjoying consistent growth in the face of difficult markets. Courtesy of its incentivized rewards program, NX Finance TVL rose 65% in the last 30 days, leading Solana’s top 50 DeFi applications by TVL.
Meanwhile, fellow lending aggregator Lulo Finance continued to rise through the ranks, securing over $30M in Directed Liquidity (DL). With over 92% of its DL, a similar metric similar to TVL, held in stablecoins, Lulo-managed value has increased by 32.27% in the last 30 days.
At first glance, DeFiLlama data suggests that Jupiter’s TVL has risen by 47.22% in the last 30 days. However, this increase is due to the popular analytics platform integrating $jupSOL into Jupiter’s total TVL on August 16, adding approximately $300M worth of funds to the platform.
According to Step Finance data, $jupSOL supply has risen 0.36% in the last 30 days. Coupled with the 2.22% decline in Jupiter perpetual TVL in the same time period, it can be concluded that Jupiter’s total TVL has remained relatively stable in the face of challenging market conditions.
Kamino TVL Climbs Despite Falling Prices
Kamino Finance has been one of Solana DeFi’s most solid performers throughout Q3’s volatility. While lending aggregators like NX Finance and Lulo predominantly hold stablecoins, making them more resilient to market downturn, Kamino accepts deposits from a wider range of more volatile assets.
Despite falling asset prices across the industry, Kamino has emerged as one of Solana’s standout DeFi protocols.
While $SOL price has dropped over 36% since its March 18 high of $202 , Kamino TVL has increased by 12% in USD terms. Denominated in SOL, Kamino TVL has risen by 76% in the same time frame.
JUPITER DOMINATES PERPETUAL TVL ACROSS THE INDUSTRY
Jupiter’s perpetual DEX platform shows no sign of relinquishing its iron grip on derivatives dominance. One of Solana’s largest DeFi protocols, Jupiter’s perpetual DEX is currently the largest onchain derivatives market in the crypto industry.
Boasting over $657M in TVL, Jupiter dominates perpetual market share. According to DeFiLlama data, the Solana-based platform currently accounts for 18.82% of onchain derivatives TVL across the industry.
While Jupiter boasts the highest TVL across all perpetual DEXes, its closest rival still witnesses higher trading volumes. During August, Hyperliquid handled $34 .6B in trading volume compared to Jupiter’s $15 .1B. It’s worth noting that Hyperliquid’s high volume could attributed to its points program, which is expected to influence token allocations ahead of the protocol’s upcoming airdrop
3 days ago
🔥 AMAZING 🔥
How much money needs to COME IN for #Bitcoin to reach 1 MILLION DOLLARS ⁉️
💥 Professional trader, Willy Woo, did some calculations to estimate how difficult it would be for bitcoin to reach million dollar figures.
💥 All your analysis is based on a conservative scenario
👉 According to their projections, $5 TRILLION of investment in bitcoin is needed to reach this goal, that is, 1% of the world's WEALTH assets.
▪️ The Market Cap of #Bitcoin would reach 19 trillion dollars if this happened.
▪️ This chart shows the size of OTHER markets compared to the overall crypto market….
▪️ The STOCK market has a market capitalization of no less than 106 trillion dollars
👀 A $19 trillion market cap for Bitcoin is certainly NOT FREAKY compared to other markets.
How much money needs to COME IN for #Bitcoin to reach 1 MILLION DOLLARS ⁉️
💥 Professional trader, Willy Woo, did some calculations to estimate how difficult it would be for bitcoin to reach million dollar figures.
💥 All your analysis is based on a conservative scenario
👉 According to their projections, $5 TRILLION of investment in bitcoin is needed to reach this goal, that is, 1% of the world's WEALTH assets.
▪️ The Market Cap of #Bitcoin would reach 19 trillion dollars if this happened.
▪️ This chart shows the size of OTHER markets compared to the overall crypto market….
▪️ The STOCK market has a market capitalization of no less than 106 trillion dollars
👀 A $19 trillion market cap for Bitcoin is certainly NOT FREAKY compared to other markets.
4 days ago
💸 Tether invests $100 million in the leading agricultural company Adecoagro 🧑🌾
Tether acquires a 9.8% stake in Latin American agricultural giant Adecoagro for $100 million to diversify its investments in the agriculture and food sectors
Adecoagro is a major milk producer in Argentina and manages over 193,000 hectares of sugarcane crops in Brazil, producing refined sugar and ethanol.
Tether acquires a 9.8% stake in Latin American agricultural giant Adecoagro for $100 million to diversify its investments in the agriculture and food sectors
Adecoagro is a major milk producer in Argentina and manages over 193,000 hectares of sugarcane crops in Brazil, producing refined sugar and ethanol.
6 days ago
We are 180 days into a correction since we made an ATH in Bitcoin and market sentiment is worse than when BTC was at 15K.
Ethereum has lost nearly $250 billion in market cap over the summer, even with ETFs coming to market.
And what happened?
> Massive exits and sales by Grayscale.
> Massive MT.GOX distributions.
> Mass distributions from the United States.
> Germany selling +50,000 BTC.
And what is to come?
> US interest rate cuts.
> Gradual increase in global liquidity.
> United States elections.
> FTX Refunds (+$16B).
And all this with stablecoins reaching all-time highs.
Is this the end? Are we all going to die?
I don't believe it.
For me nothing has changed.
Nobody said the bull market was going to be easy.
The best, for me, is yet to come.
You already know what happened next, the times when the feeling was as shattered and terrifying as the one we are experiencing now.
The difficult moments are what separate babies with poop on their butts from legends.
Everyone is very pro, everyone is very cocky, very gangster and very brave until it is time to buy the dip when at all hours they say that we are going to visit lower areas and everyone is terrified and with their balls in their throat.
We've all heard "If you come down to X area I'm going to put my house in your house" then they come down and shit their pants and don't buy.
It seems like a meme, but it is not.
There is something that will never change.
> The vast majority of people will sell out of fear.
> The vast majority of people will buy out of euphoria.
And it is certainly the fastest way to lose money in this market.
Sorry, I didn't make up the rules of the game.
The road will be long and there will be monsters and corpses along the way, just try not to make it yours.
The bull market is not over.
They just want to steal your magic internet coins so that when they spend billions on marketing, they can buy them back at an exorbitant price.
Nothing has changed.
Patience, conviction, buy the dip & chill 🏝️
Ethereum has lost nearly $250 billion in market cap over the summer, even with ETFs coming to market.
And what happened?
> Massive exits and sales by Grayscale.
> Massive MT.GOX distributions.
> Mass distributions from the United States.
> Germany selling +50,000 BTC.
And what is to come?
> US interest rate cuts.
> Gradual increase in global liquidity.
> United States elections.
> FTX Refunds (+$16B).
And all this with stablecoins reaching all-time highs.
Is this the end? Are we all going to die?
I don't believe it.
For me nothing has changed.
Nobody said the bull market was going to be easy.
The best, for me, is yet to come.
You already know what happened next, the times when the feeling was as shattered and terrifying as the one we are experiencing now.
The difficult moments are what separate babies with poop on their butts from legends.
Everyone is very pro, everyone is very cocky, very gangster and very brave until it is time to buy the dip when at all hours they say that we are going to visit lower areas and everyone is terrified and with their balls in their throat.
We've all heard "If you come down to X area I'm going to put my house in your house" then they come down and shit their pants and don't buy.
It seems like a meme, but it is not.
There is something that will never change.
> The vast majority of people will sell out of fear.
> The vast majority of people will buy out of euphoria.
And it is certainly the fastest way to lose money in this market.
Sorry, I didn't make up the rules of the game.
The road will be long and there will be monsters and corpses along the way, just try not to make it yours.
The bull market is not over.
They just want to steal your magic internet coins so that when they spend billions on marketing, they can buy them back at an exorbitant price.
Nothing has changed.
Patience, conviction, buy the dip & chill 🏝️
9 days ago
📵 The Solana Saga 2 smartphone may never see the light of day.
OSOM, the company responsible for designing the Saga 2 smartphone #Solana , appears to be in serious financial difficulty 💸
OSOM, the company responsible for designing the Saga 2 smartphone #Solana , appears to be in serious financial difficulty 💸
15 days ago
BIG SUPPLY, BIG PROBLEMS AS SOLANA’S NFT MARKET REJECTS LARGE COLLECTIONS
Fresh minting mechanics are bringing greater security to Solana NFTs, but new mints and large collections struggle to garner attention and are trading below mint price.
New NFT collections have learned a painful lesson this week. If it wasn’t obvious due to stagnant floor prices and diminishing trade volume, launching a fresh collection in these conditions is a difficult task.
Despite commentators claiming these hyped collections will usher in a “new era” and whitelist spots selling at over $50 apiece on open markets, launches from Pathfinders and Hermans have failed to meet expectations.
Will Solana’s NFT market ever witness another successful 10,000 NFT collection? Or are small supplies the only way of conserving value?
ONLY 21% OF PATHFINDER'S RISK-FREE NFTs MINTED
Despite proposing a new, risk-free method of launching Solana NFTs, the Pathfinders collection faces difficulty minting out. At press time, only 2,125/10,000 NFTs have been minted, falling well short of expectations.
Pathfinder’s novel LST-backed NFT collection launched with noble intentions. Providing an alternative mechanic that aims to protect minters, the collection has launched Solana’s first un-ruggable NFTs.
Unlike standard NFT mints, Pathfinders NFTs are minted using pathSOL, the project’s native liquid staking token. Holders reserve the right to redeem their NFT for the underlying pathSOL used to mint the asset, essentially securing the NFT’s value at a minimum of 2pathSOL.
Regardless, Solana’s NFT community has largely ignored the project’s novel approach to minting. Supporters of the new mechanic took to social media to express their disappointment with the NFT community’s apparent apathy.
Commentators noted that network participants have collectively poured thousands of SOL into extractive and malicious actors, but are unwilling to support builders providing meaningful alternatives.
‘Hyped’ New Mint Immediately Under Floor - Are Presales to Blame?
Boasting a sold-out presale that constituted 55% of the total supply, the Hermans NFT collection suffered a similar fate. Priced at 1.5 SOL per NFT, Hermans struggled to attract interest during the public mint, forcing the team to take drastic action.
Hermans trading on secondary marketplaces like Tensor and Magic Eden was locked until the mint was complete, meaning holders were unable to list their assets. The team took it upon themselves to buy all unminted assets. The Hermans’ treasury now holds over 1,600 NFTs, roughly 33% of the supply.
Almost immediately, the collection began trading beneath mint price as presales and regretful minters clamored to liquidate their holdings for SOL. Hermans currently exchange hands at 0.84 SOL, down 44% from the original mint price.
While poor NFT market conditions are a significant contributor to the recent slew of disappointing NFT launches, social media commentators have argued that NFT presales are also to blame.
Low Supply NFT Collections Retain Value
In recent years, NFT markets have witnessed countless large supply collections suffer devastating downtrends.
Top Solana collections like Mad Lads, Tensorians (pictured), and Claynosaurs have all endured significant drawdowns, while dozens of less-resilient projects have effectively plummeted to zero.
Comparatively, low supply and 1/1 NFT collections have retained their value remarkably well. Limited supply art collections like Boogles, Dead King Society, and The SixNine are typically only available through OTC deals and have maintained comparatively stable floors, regardless of SOL price fluctuations.
Arguably, this suggests that the most valuable utility NFTs offer is access to exclusive communities. Alternatively, it could also indicate that low-supply collections with low market liquidity create an elite sense of perceived value, which has supported the valuations of these co
Fresh minting mechanics are bringing greater security to Solana NFTs, but new mints and large collections struggle to garner attention and are trading below mint price.
New NFT collections have learned a painful lesson this week. If it wasn’t obvious due to stagnant floor prices and diminishing trade volume, launching a fresh collection in these conditions is a difficult task.
Despite commentators claiming these hyped collections will usher in a “new era” and whitelist spots selling at over $50 apiece on open markets, launches from Pathfinders and Hermans have failed to meet expectations.
Will Solana’s NFT market ever witness another successful 10,000 NFT collection? Or are small supplies the only way of conserving value?
ONLY 21% OF PATHFINDER'S RISK-FREE NFTs MINTED
Despite proposing a new, risk-free method of launching Solana NFTs, the Pathfinders collection faces difficulty minting out. At press time, only 2,125/10,000 NFTs have been minted, falling well short of expectations.
Pathfinder’s novel LST-backed NFT collection launched with noble intentions. Providing an alternative mechanic that aims to protect minters, the collection has launched Solana’s first un-ruggable NFTs.
Unlike standard NFT mints, Pathfinders NFTs are minted using pathSOL, the project’s native liquid staking token. Holders reserve the right to redeem their NFT for the underlying pathSOL used to mint the asset, essentially securing the NFT’s value at a minimum of 2pathSOL.
Regardless, Solana’s NFT community has largely ignored the project’s novel approach to minting. Supporters of the new mechanic took to social media to express their disappointment with the NFT community’s apparent apathy.
Commentators noted that network participants have collectively poured thousands of SOL into extractive and malicious actors, but are unwilling to support builders providing meaningful alternatives.
‘Hyped’ New Mint Immediately Under Floor - Are Presales to Blame?
Boasting a sold-out presale that constituted 55% of the total supply, the Hermans NFT collection suffered a similar fate. Priced at 1.5 SOL per NFT, Hermans struggled to attract interest during the public mint, forcing the team to take drastic action.
Hermans trading on secondary marketplaces like Tensor and Magic Eden was locked until the mint was complete, meaning holders were unable to list their assets. The team took it upon themselves to buy all unminted assets. The Hermans’ treasury now holds over 1,600 NFTs, roughly 33% of the supply.
Almost immediately, the collection began trading beneath mint price as presales and regretful minters clamored to liquidate their holdings for SOL. Hermans currently exchange hands at 0.84 SOL, down 44% from the original mint price.
While poor NFT market conditions are a significant contributor to the recent slew of disappointing NFT launches, social media commentators have argued that NFT presales are also to blame.
Low Supply NFT Collections Retain Value
In recent years, NFT markets have witnessed countless large supply collections suffer devastating downtrends.
Top Solana collections like Mad Lads, Tensorians (pictured), and Claynosaurs have all endured significant drawdowns, while dozens of less-resilient projects have effectively plummeted to zero.
Comparatively, low supply and 1/1 NFT collections have retained their value remarkably well. Limited supply art collections like Boogles, Dead King Society, and The SixNine are typically only available through OTC deals and have maintained comparatively stable floors, regardless of SOL price fluctuations.
Arguably, this suggests that the most valuable utility NFTs offer is access to exclusive communities. Alternatively, it could also indicate that low-supply collections with low market liquidity create an elite sense of perceived value, which has supported the valuations of these co
16 days ago
DASH
Take control of your crypto with Multi-Chain tools for Traders & Developers with The Latest Technology.
Our utilities are live & operational. Heavily stress tested over past few months.
We feel Dash will elevate the meaning of the word “utility”
We built something unique with the potential to be adopted by 1000’s in this space. Until Dash, a lot of these functions and tools have never been easy to access and also protected. So we built our own for the culture.
Our mission is to create a significant impact on the crypto space and allow all levels of traders, developers, degens or even your grandma to enter the space equipped with stacked tool box!
Website - https://dashdapp.io/
Telegram - https://t.me/DASHEntryPort...
#TradersCoveGems
Take control of your crypto with Multi-Chain tools for Traders & Developers with The Latest Technology.
Our utilities are live & operational. Heavily stress tested over past few months.
We feel Dash will elevate the meaning of the word “utility”
We built something unique with the potential to be adopted by 1000’s in this space. Until Dash, a lot of these functions and tools have never been easy to access and also protected. So we built our own for the culture.
Our mission is to create a significant impact on the crypto space and allow all levels of traders, developers, degens or even your grandma to enter the space equipped with stacked tool box!
Website - https://dashdapp.io/
Telegram - https://t.me/DASHEntryPort...
#TradersCoveGems
19 days ago
While you don't believe that the bull will hit NFT, let's figure out when it will happen 🤔
It has already happened. Why don't you understand where the liquidity has stagnated in the market, and what trend will conquer the market next?
Where is the next rocket? New SocialFi, shields in another chain? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity is quietly flowing into already familiar channels, and the NFT market has already given it a local zazu 👋
It's even funny that the projects that were raped by sybils during the retro fever, holders of cult NFTs on the air were given more awards than their "faithful" adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.
Last season's NFT bull run had just a few vessels to accumulate liquidity in - the CryptoPunks and Bored Ape Yacht Club collections. Then demand cut off supply, leading to incredibly high price expectations and hopes, and liquidity leaked into other random ETH collections and other chains. Boom, the bubble burst, something that can never be repeated.
We now have many chains with NFTs, liquidity and attention are spread out, and there is no single major trend in a select few NFT collections. But NFTs are here to stay, and they continue to grow as a category. And locally, that will never stop.
It has already happened. Why don't you understand where the liquidity has stagnated in the market, and what trend will conquer the market next?
Where is the next rocket? New SocialFi, shields in another chain? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity is quietly flowing into already familiar channels, and the NFT market has already given it a local zazu 👋
It's even funny that the projects that were raped by sybils during the retro fever, holders of cult NFTs on the air were given more awards than their "faithful" adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.
Last season's NFT bull run had just a few vessels to accumulate liquidity in - the CryptoPunks and Bored Ape Yacht Club collections. Then demand cut off supply, leading to incredibly high price expectations and hopes, and liquidity leaked into other random ETH collections and other chains. Boom, the bubble burst, something that can never be repeated.
We now have many chains with NFTs, liquidity and attention are spread out, and there is no single major trend in a select few NFT collections. But NFTs are here to stay, and they continue to grow as a category. And locally, that will never stop.
21 days ago
While you don’t believe that the bull will be affected by NFTs, let’s figure out when this happens 🤔
Already happened. Why don’t you understand where liquidity has accumulated in the market, and what trend will conquer the market next?
Where's the next rocket? New SocialFi ? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity imperceptibly flows into already familiar channels, and the NFT market has already given a promise locally 👋
It’s even funny that the projects that were raped by the sibils during the retro fever were given more awards to the holders of the cult NFTs on air than to their “faithful” adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.
Last season's NFT bull cycle only had a few vessels to accumulate liquidity in - the CryptoPunks collections and the Bored Ape Yacht Club . Demand then cut off supply, leading to incredibly high price expectations and hopes, with liquidity leaking into other random collections on ETH and other chains. Boom, the bubble burst, it can never be repeated.
We currently have many NFT chains, liquidity and attention are spread out, and there is no single major trend across a select few NFT collections. But NFTs are here to stay and continue to grow as a category. And locally it will never stop.
Already happened. Why don’t you understand where liquidity has accumulated in the market, and what trend will conquer the market next?
Where's the next rocket? New SocialFi ? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity imperceptibly flows into already familiar channels, and the NFT market has already given a promise locally 👋
It’s even funny that the projects that were raped by the sibils during the retro fever were given more awards to the holders of the cult NFTs on air than to their “faithful” adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.
Last season's NFT bull cycle only had a few vessels to accumulate liquidity in - the CryptoPunks collections and the Bored Ape Yacht Club . Demand then cut off supply, leading to incredibly high price expectations and hopes, with liquidity leaking into other random collections on ETH and other chains. Boom, the bubble burst, it can never be repeated.
We currently have many NFT chains, liquidity and attention are spread out, and there is no single major trend across a select few NFT collections. But NFTs are here to stay and continue to grow as a category. And locally it will never stop.
24 days ago
DriftProtocol introduces BET, a prediction market on Solana, launching with markets centered around the US elections, sports, crypto, and culture.
28 days ago
Published in 1968 - In thirty years, he reflected, perhaps sooner, there would be one vast undifferentiated culture, one complex of super-highways, hot-dog stands and neon, interrupted only by the Atlantic, stretching from Los Angeles to Jerusalem; possibly, by then, as far as Calcutta, three-quarters of the way round the world. Where there had been Americans and British and French and Italians and Greeks and the rest, there would be only citizens of the West, uniformly affluent, uniformly ridden by guilt and neurosis, uniformly alcoholic and suicidal, uniformly everything.
- Extract from “Colonel Sun”
- Extract from “Colonel Sun”
1 month ago
Daily Memecoin Recap - August 7
Volume starting to pick up as $btc , $sol recover
Runners Of The Day
$btw -> $1 .6m to $15 .6m (9.75x), banana taped to a wall, after pulling back yesterday, reached new ATH's today, good community
$nani -> hit $3m , KOLs in, dog meme
$minion -> hit $2 .8m, "Jesus Minion Confessions", unique concept where they post people's confessions
$chango -> hit $2 .3m, monkey with a machine gun
$jajak -> hit $1 .4m, funny meme
$tt -> hit $1m , "Thumb Thumb", spy kids meme
Insider Trump Coin
$twc -> hit $5 .5m, "Trumpwifcrown"
- Speculation that this was Trump's coin after Eric Trump's tweet saying "Stay tuned for a big announcement"
- Heavily sniped with insane volume, currently at $50k
- Plenty of smart wallets aped
Kamala Harris Announces Her VP Pick
$coconut -> $5m to $11 .3m (2.26x), KamalaHarris
, cult community, new ATH
$walz -> $315k to $2m (6.35x), based on Tim_Walz
Dog Meta
$wDOG -> $12m to $26m (2.16x), wrapped dog, currently retracing
$bicho -> $93k to $1 .8m (19x), coin out since June but heavily pushed today, $michi beta
$drc -> hit $995k , "Dog Riding Chicken", CTO
$pitbull -> hit $720k
$pooku -> hit $645k , CTO
$borf -> hit $475k , cartoon dog
$waffles -> hit $220k
Cat Meta
$neo -> hit $1 .8m, "The one", cat + matrix
$apple -> hit $340k , a cat with an apple
$icd -> hit $250k , "International Cat Day" is today
Other Cooks
$fiat -> hit $500k
$sheep -> hit $465k , same dev as $goat which peaked at $45m
$slog -> hit $370k , snail meme
$rockstar -> hit $240k , rock shaped like a star
What did you catch?
Volume starting to pick up as $btc , $sol recover
Runners Of The Day
$btw -> $1 .6m to $15 .6m (9.75x), banana taped to a wall, after pulling back yesterday, reached new ATH's today, good community
$nani -> hit $3m , KOLs in, dog meme
$minion -> hit $2 .8m, "Jesus Minion Confessions", unique concept where they post people's confessions
$chango -> hit $2 .3m, monkey with a machine gun
$jajak -> hit $1 .4m, funny meme
$tt -> hit $1m , "Thumb Thumb", spy kids meme
Insider Trump Coin
$twc -> hit $5 .5m, "Trumpwifcrown"
- Speculation that this was Trump's coin after Eric Trump's tweet saying "Stay tuned for a big announcement"
- Heavily sniped with insane volume, currently at $50k
- Plenty of smart wallets aped
Kamala Harris Announces Her VP Pick
$coconut -> $5m to $11 .3m (2.26x), KamalaHarris
, cult community, new ATH
$walz -> $315k to $2m (6.35x), based on Tim_Walz
Dog Meta
$wDOG -> $12m to $26m (2.16x), wrapped dog, currently retracing
$bicho -> $93k to $1 .8m (19x), coin out since June but heavily pushed today, $michi beta
$drc -> hit $995k , "Dog Riding Chicken", CTO
$pitbull -> hit $720k
$pooku -> hit $645k , CTO
$borf -> hit $475k , cartoon dog
$waffles -> hit $220k
Cat Meta
$neo -> hit $1 .8m, "The one", cat + matrix
$apple -> hit $340k , a cat with an apple
$icd -> hit $250k , "International Cat Day" is today
Other Cooks
$fiat -> hit $500k
$sheep -> hit $465k , same dev as $goat which peaked at $45m
$slog -> hit $370k , snail meme
$rockstar -> hit $240k , rock shaped like a star
What did you catch?
1 month ago
👻 A "Ghost Month" for #Bitcoin ?
In Asian culture, a "ghost month" is a period associated with bad luck, and this year it runs from August 4 to September 2, according to the Chinese lunar calendar.
Historically, Bitcoin has always demonstrated negative returns during this particular period.
The recent 20% flash crash to $49 ,000 seems to confirm the recurring trend since 2017
https://cointelegraph.com/...
In Asian culture, a "ghost month" is a period associated with bad luck, and this year it runs from August 4 to September 2, according to the Chinese lunar calendar.
Historically, Bitcoin has always demonstrated negative returns during this particular period.
The recent 20% flash crash to $49 ,000 seems to confirm the recurring trend since 2017
https://cointelegraph.com/...
1 month ago
Weekly Outlook Charts: August 5-9:
#DXY Despite the volatility, the weekly time frame still shows bearish divergence. Hence why i think we will still continue on the leg down to 96.9 as forecasted many months ago. Nothing has changed here.
Weekly: https://www.tradingview.co.../
Daily: Solid rejection off 106/107 level instills confidence of further downside to target.
https://www.tradingview.co.../
🎯Target at 97 remains.
Doesnt lower DXY mean gains for risk assets like crypto? Not quite..
Where I was wrong about DXY and why: Historically speaking, DXY strength correlates well with economic activity. A strong dollar is good for markets because it signals we are headed in the right direction. Economy > earnings > stock prices. However, more recently as we've seen in 2022 and 2023, a stronger dollar had a negative affect on equities - mainly risk assets such as cryptos. This was because of deleveraging of global liquidity in the form of quantitative tightening. Interest rates were climbing at a record pace to stop inflation, while making the risk free rate (bond yields) more rewarding than most high growth companies. Growing a company became much more difficult when compared to low rate environments. Good news was bad news for the market.
The market reaction of recent economic data indicates a possible turning point for bad news being bad for the market. So even though , DXY is still on track to its forecast from months prior, risk assets may not perform as expected. We must look at other factors outside of DXY strength - as I normally do - to gauge whether upside on cryptos are worth while...
Yield Curve Inversions:
For the first time since June 2022, the yield curve has hit 0%. After spending a record time inverted, there are signs the yield curve is finally re-inverting back to normal. The re-inversion usually causes the most damage to markets as a recession hits, and growth stagnates.
#US10Y
Below shows the yield curve vs the S&P 500.
https://www.tradingview.co.../
Since 1990, there has been a 4/4 probability of market declines and recession proceeding the re-inversion.
For data not shown on Tradingview, there were 2 outliers in 1980 and 1982 where the market nearly bottomed as it re-inverted (https://fred.stlouisfed.or...)
However, the last two re-inversions still had the market increase for the proceeding 24 weeks (5-6 months). This is very important information. If this cycle plays out like the last 2, the markets might still crawl higher until Jan 2025.
#US10Y
Below shows the yield curve vs gold.
https://www.tradingview.co.../
🎯Target for 3000
As the yield curve re-inverts, it presents an opportunity for safe haven assets like gold to outperform. The only outlier was 1980 and 1982 when gold had already increased 800% in the few years prior due to Fed Volcker's era of runaway inflation.
Evidenced by the inverted yield curve's track record of predicting recessions, the Sahm Rule was also triggered on Friday's unemployment data. Since 1950, the Sahm Rule was able to predict a recession 10/11 times (91% chance). Every time it did predict a recession, it did so within 4 months.
Coincidentally, This time frame fits quite nicely with the 24 weeks of upside proceeding the re-inversion before the start of a bear market
#DXY Despite the volatility, the weekly time frame still shows bearish divergence. Hence why i think we will still continue on the leg down to 96.9 as forecasted many months ago. Nothing has changed here.
Weekly: https://www.tradingview.co.../
Daily: Solid rejection off 106/107 level instills confidence of further downside to target.
https://www.tradingview.co.../
🎯Target at 97 remains.
Doesnt lower DXY mean gains for risk assets like crypto? Not quite..
Where I was wrong about DXY and why: Historically speaking, DXY strength correlates well with economic activity. A strong dollar is good for markets because it signals we are headed in the right direction. Economy > earnings > stock prices. However, more recently as we've seen in 2022 and 2023, a stronger dollar had a negative affect on equities - mainly risk assets such as cryptos. This was because of deleveraging of global liquidity in the form of quantitative tightening. Interest rates were climbing at a record pace to stop inflation, while making the risk free rate (bond yields) more rewarding than most high growth companies. Growing a company became much more difficult when compared to low rate environments. Good news was bad news for the market.
The market reaction of recent economic data indicates a possible turning point for bad news being bad for the market. So even though , DXY is still on track to its forecast from months prior, risk assets may not perform as expected. We must look at other factors outside of DXY strength - as I normally do - to gauge whether upside on cryptos are worth while...
Yield Curve Inversions:
For the first time since June 2022, the yield curve has hit 0%. After spending a record time inverted, there are signs the yield curve is finally re-inverting back to normal. The re-inversion usually causes the most damage to markets as a recession hits, and growth stagnates.
#US10Y
Below shows the yield curve vs the S&P 500.
https://www.tradingview.co.../
Since 1990, there has been a 4/4 probability of market declines and recession proceeding the re-inversion.
For data not shown on Tradingview, there were 2 outliers in 1980 and 1982 where the market nearly bottomed as it re-inverted (https://fred.stlouisfed.or...)
However, the last two re-inversions still had the market increase for the proceeding 24 weeks (5-6 months). This is very important information. If this cycle plays out like the last 2, the markets might still crawl higher until Jan 2025.
#US10Y
Below shows the yield curve vs gold.
https://www.tradingview.co.../
🎯Target for 3000
As the yield curve re-inverts, it presents an opportunity for safe haven assets like gold to outperform. The only outlier was 1980 and 1982 when gold had already increased 800% in the few years prior due to Fed Volcker's era of runaway inflation.
Evidenced by the inverted yield curve's track record of predicting recessions, the Sahm Rule was also triggered on Friday's unemployment data. Since 1950, the Sahm Rule was able to predict a recession 10/11 times (91% chance). Every time it did predict a recession, it did so within 4 months.
Coincidentally, This time frame fits quite nicely with the 24 weeks of upside proceeding the re-inversion before the start of a bear market
![IMG](https://d3jhcf57v5ogoe.cloudfront.net/upload/images/2024/08/L4UsPrdDP4GqUNwa6tIH_07_2aecccfad66b47a2700f8f6597d0cabd_thumbnail_og_img.jpg)
DXY Weekly Down for TVC:DXY by SolenyaResearch — TradingView
Despite the volatility, the weekly time frame still shows bearish divergence. Hence why i think we will still continue on the leg down to 96.9 as forecasted many months ago. Nothing has changed here.
https://www.tradingview.com/chart/DXY/LDxbqwgW-DXY-Weekly-Down/
1 month ago
1 month ago
🏠 An Airbnb host adds the “no crypto mining” rule after a tenant installed 10 rigs in their accommodation.
The electricity bill of $1 ,500 in just three weeks must have been difficult for this homeowner.
Ashley says her guest brought the computers to mine cryptocurrencies into the home and also installed an electric vehicle charging station.
“It was cheaper for them to rent a house than pay for this electricity”
The tenant was probably honest about his installation and reported to the owner that he had earned more than $100 ,000 during his stay.
These types of cases are increasing more and more and many owners support Ashley.
“I have also included in my regulations the ban on mining cryptocurrencies. It’s ridiculous that we have to do this.”
The electricity bill of $1 ,500 in just three weeks must have been difficult for this homeowner.
Ashley says her guest brought the computers to mine cryptocurrencies into the home and also installed an electric vehicle charging station.
“It was cheaper for them to rent a house than pay for this electricity”
The tenant was probably honest about his installation and reported to the owner that he had earned more than $100 ,000 during his stay.
These types of cases are increasing more and more and many owners support Ashley.
“I have also included in my regulations the ban on mining cryptocurrencies. It’s ridiculous that we have to do this.”
1 month ago
Solana’s favorite no-code token deployer has proven itself the biggest application of the cycle, consistently generating millions in revenue.
Pump.fun, a popular Solana-based token deployment application, is showing no sign of stopping. After celebrating the launch of one million tokens on the platform on June 14, 2024, pump.fun notched 1.5M launches a mere 42 days later on July 25th.
PUMP.FUN GENERATES $85M REVENUE SINCE JANUARY LAUNCH
Consistently generating over $1M in daily revenue, pump.fun has established itself as one of the most valuable crypto apps in terms of revenue generation. In just under seven months since its January 14 launch, pump.fun has generated 520,412 SOL in revenue, currently valued at over $85M
The platform’s viral growth has set an astonishing pace. After a comparatively slow start, pump.fun usage exploded in March and never looked back. On average, 12,679 tokens were launched daily on the platform in July, based on Dune Analytics data.
Off the back of its massive popularity, pump.fun recently crossed the 1.5M token deployment threshold. The no-code token creator is accelerating towards the next significant milestone at 2M launches and is expected to achieve this feat in just under 32 days, if it continues the pace set in July.
In a recent interview with threadguy, a popular crypto influencer, pump.fun co-founder alon credits the platform’s success to its accessibility. Alon argues that pump.fun is the ideal intersection between finance and social media, contending that “pump.fun is SocialFi in the most crypto-native way”.
PUMP.FUN RESPONSIBLE FOR 40.97% OF SOLANA DEX TRANSACTIONS
One doesn’t need to look far to see that pump.fun has evolved into one of the most critical applications in Solana’s DeFi ecosystem.
According to Dune Analytics data collected over the past seven days, pump.fun transactions make up approximately 40.97% of all Solana DEX transactions.
However, given that tokens launched on the platform are migrated to Raydium upon reaching a market capitalization of $69 ,000, volumes on the app remain relatively low compared to other decentralized exchanges.
Despite attracting the bulk of Solana DEX transactions, pump.fun’s DEX volume market share continues to hover around 4%, with Raydium being a significant benefactor of pump.fun’s success.
“THE WORST THING THAT EVER HAPPENED TO CRYPTO ” - Alon Responds to Criticism
For many blockchain advocates, pump.fun represents all the worst parts of the industry. Arguing that the proliferation of meme coins on Solana is drawing attention away from serious projects, and delegitimizing the industry.
In response to criticism, alon concedes that “pump.fun is the worst thing to happen for crypto for a lot of people”. However, the co-founder argues that the platform has simply “uncovered the veil” and exposed “crypto for what it really is”.
Looking ahead, alon posits that the key to continuing pump.fun’s meteoric growth is to “leaning into what we’ve already done”.
While not giving away any hints regarding upcoming features on the platform, alon indicated that the pump.fun team was committed to “improving the experience while maintaining the culture that makes it so exciting in the first place.”
Pump.fun, a popular Solana-based token deployment application, is showing no sign of stopping. After celebrating the launch of one million tokens on the platform on June 14, 2024, pump.fun notched 1.5M launches a mere 42 days later on July 25th.
PUMP.FUN GENERATES $85M REVENUE SINCE JANUARY LAUNCH
Consistently generating over $1M in daily revenue, pump.fun has established itself as one of the most valuable crypto apps in terms of revenue generation. In just under seven months since its January 14 launch, pump.fun has generated 520,412 SOL in revenue, currently valued at over $85M
The platform’s viral growth has set an astonishing pace. After a comparatively slow start, pump.fun usage exploded in March and never looked back. On average, 12,679 tokens were launched daily on the platform in July, based on Dune Analytics data.
Off the back of its massive popularity, pump.fun recently crossed the 1.5M token deployment threshold. The no-code token creator is accelerating towards the next significant milestone at 2M launches and is expected to achieve this feat in just under 32 days, if it continues the pace set in July.
In a recent interview with threadguy, a popular crypto influencer, pump.fun co-founder alon credits the platform’s success to its accessibility. Alon argues that pump.fun is the ideal intersection between finance and social media, contending that “pump.fun is SocialFi in the most crypto-native way”.
PUMP.FUN RESPONSIBLE FOR 40.97% OF SOLANA DEX TRANSACTIONS
One doesn’t need to look far to see that pump.fun has evolved into one of the most critical applications in Solana’s DeFi ecosystem.
According to Dune Analytics data collected over the past seven days, pump.fun transactions make up approximately 40.97% of all Solana DEX transactions.
However, given that tokens launched on the platform are migrated to Raydium upon reaching a market capitalization of $69 ,000, volumes on the app remain relatively low compared to other decentralized exchanges.
Despite attracting the bulk of Solana DEX transactions, pump.fun’s DEX volume market share continues to hover around 4%, with Raydium being a significant benefactor of pump.fun’s success.
“THE WORST THING THAT EVER HAPPENED TO CRYPTO ” - Alon Responds to Criticism
For many blockchain advocates, pump.fun represents all the worst parts of the industry. Arguing that the proliferation of meme coins on Solana is drawing attention away from serious projects, and delegitimizing the industry.
In response to criticism, alon concedes that “pump.fun is the worst thing to happen for crypto for a lot of people”. However, the co-founder argues that the platform has simply “uncovered the veil” and exposed “crypto for what it really is”.
Looking ahead, alon posits that the key to continuing pump.fun’s meteoric growth is to “leaning into what we’ve already done”.
While not giving away any hints regarding upcoming features on the platform, alon indicated that the pump.fun team was committed to “improving the experience while maintaining the culture that makes it so exciting in the first place.”
1 month ago
After causing significant congestion issues across the Solana network in April, the ORE mining protocol returns to “revive the long lost dream of crypto as p2p electronic cash.”
Love it or hate it, Proof-of-Work crypto mining is returning to Solana. ORE, the wildly popular mining protocol that besieged the Solana blockchain in April is returning, promising a revised and more egalitarian approach to distribution.
With ORE price climbing over 100% in anticipation of the relaunch, the question needs to be asked: What will be different this time around?
ORE v2: WHAT'S DIFFERENT?
Pseudonymous founder HardHatChad launched ORE as an experimental Solana hackathon project in April 2024. Leveraging a Proof-of-Work mining concept on a high throughput Proof-of-Stake blockchain, HardHatChad aimed to create a truly fair token launch.
In a matter of days, the Ore protocol objectively became the most used program in the Solana ecosystem at the time, generating over 12M transactions between 124k+ users.
However, due to flaws within the project’s model and network congestion issues caused by the ORE mining, HardHatChad opted to pause mining to focus on redevelopment. Despite the chaos, OreSupply took home the grand prize at the Solana Renaissance Hackathon.
After months of development work behind the scenes, HardHatChad has teased the relaunch of ORE v2. Courtesy of several key changes, the passionate founder renews his mission to “revive the long lost dream of crypto as p2p electronic cash.”
HERE'S WHAT TO EXPECT:
• No Admin Variables - The revised protocol will rely on open-source algorithms to manage all program variables, such as mining difficulty.
• Mining Multipliers - Staking ORE tokens gives miners a rewards multiplier of up to 100%, based on their proportional stake. This only applies to miners submitting valid hashes and cannot be abused through flash-loans.
• Fixed supply - Like Bitcoin, ORE has a fixed maximum supply of 21M. One ORE will be issued per minute, projecting a fully emitted supply by 2064.
• Sybil Protection - In the relaunched protocol, miners will maximize rewards by submitting the most difficult hash possible. This is expected to discourage sybil miners and mitigate network congestion.
• Accessible Hash Function - A new hash function closes the performance gap between high-end hardware and consumer devices, lowering ORE mining’s barrier to entry.
• Client Software - OreSupply has revamped its software to improve performance and reliability. HardHatChad also promised to launch client software that will be compatible with the Solana Saga mobile device.
• Immutable Contract - Once mining dynamics have stabilized, the OreSupply contract will be permanently frozen, meaning that no further changes can be implemented to its code.
The OreSupply team hopes that by implementing these changes, the protocol will be better suited to wider adoption within the Solana ecosystem.
Love it or hate it, Proof-of-Work crypto mining is returning to Solana. ORE, the wildly popular mining protocol that besieged the Solana blockchain in April is returning, promising a revised and more egalitarian approach to distribution.
With ORE price climbing over 100% in anticipation of the relaunch, the question needs to be asked: What will be different this time around?
ORE v2: WHAT'S DIFFERENT?
Pseudonymous founder HardHatChad launched ORE as an experimental Solana hackathon project in April 2024. Leveraging a Proof-of-Work mining concept on a high throughput Proof-of-Stake blockchain, HardHatChad aimed to create a truly fair token launch.
In a matter of days, the Ore protocol objectively became the most used program in the Solana ecosystem at the time, generating over 12M transactions between 124k+ users.
However, due to flaws within the project’s model and network congestion issues caused by the ORE mining, HardHatChad opted to pause mining to focus on redevelopment. Despite the chaos, OreSupply took home the grand prize at the Solana Renaissance Hackathon.
After months of development work behind the scenes, HardHatChad has teased the relaunch of ORE v2. Courtesy of several key changes, the passionate founder renews his mission to “revive the long lost dream of crypto as p2p electronic cash.”
HERE'S WHAT TO EXPECT:
• No Admin Variables - The revised protocol will rely on open-source algorithms to manage all program variables, such as mining difficulty.
• Mining Multipliers - Staking ORE tokens gives miners a rewards multiplier of up to 100%, based on their proportional stake. This only applies to miners submitting valid hashes and cannot be abused through flash-loans.
• Fixed supply - Like Bitcoin, ORE has a fixed maximum supply of 21M. One ORE will be issued per minute, projecting a fully emitted supply by 2064.
• Sybil Protection - In the relaunched protocol, miners will maximize rewards by submitting the most difficult hash possible. This is expected to discourage sybil miners and mitigate network congestion.
• Accessible Hash Function - A new hash function closes the performance gap between high-end hardware and consumer devices, lowering ORE mining’s barrier to entry.
• Client Software - OreSupply has revamped its software to improve performance and reliability. HardHatChad also promised to launch client software that will be compatible with the Solana Saga mobile device.
• Immutable Contract - Once mining dynamics have stabilized, the OreSupply contract will be permanently frozen, meaning that no further changes can be implemented to its code.
The OreSupply team hopes that by implementing these changes, the protocol will be better suited to wider adoption within the Solana ecosystem.
1 month ago
🇸🇻 El Salvador proposes to use #Bitcoin to trade with Russia 🇷🇺
The aim is to strengthen economic ties and its global influence.
“We have calculation difficulties because the official currency of El Salvador is the American dollar. As an alternative, El Salvador proposes using cryptocurrencies in commercial operations »
says Alexander Ilyukhin, first secretary of the Russian Embassy in Nicaragua.
https://iz.ru/1733028/ekat...
The aim is to strengthen economic ties and its global influence.
“We have calculation difficulties because the official currency of El Salvador is the American dollar. As an alternative, El Salvador proposes using cryptocurrencies in commercial operations »
says Alexander Ilyukhin, first secretary of the Russian Embassy in Nicaragua.
https://iz.ru/1733028/ekat...
1 month ago
Daily Memecoin Recap - July 29
Great volume today
Market is seriously picking back up, keep reading 👇
Rug Turns Into A Community Relaunch
$fwog -> hit $17m , community relaunch, $eth whales pushing
$flog -> hit $4 .11m, rug
$fwog -> hit $300k , OG fwog launched June 5th
- $flog launched and rugged, the artist was mad and decided to relaunch as $fwog
- This was the runner of the day
Zoomer Memes
$ong -> $7m to $25m (3.6x), 3% of supply has been locked up for 6 months ($350k)
$higher -> $500k to $2 .5m (5x), good CTO
$bro -> hit $1m , "It's a CTO bro"
$stoic -> hit $750k
$aylmao -> hit $616k
Smoking Chicken Fish Is Taking Over
$scf -> $47m to $107m (2.27x)
$scf -> hit $616k , OG smoking chicken fish from 2023
Buck To A Buck
$buck -> hit $4 .75m, CTO, dog meme, once this buck started moving, people started pushing around the OG one (which was previously inactive)
$buck -> hit $1m , OG buck
$dolla -> hit $600k , $buck derivative
Ginnan Is A Boy
$ginnan -> $16m to $44 .5m (2.78x), "Ginnan Doge's Sister"
$ginnan -> hit $2 .5m, "Ginnan Doge's Brother"
- "Ginnan Doge's Sister" ran to $40m +, but turns out that Ginnan is a boy which means that he's Doge's brother (not sister)
Dogecoin meta
$neiro -> $38 .5m to $82m (2.1x)
$suji -> $65k to $1 .5m (23x), Tsutsuji, "Doge's sister cat"
$MoM -> hit $3 .45m, "Mother of Memecoins", CTO, coin about $doge & $neiro 's mom
$oni -> hit $900k , cat meme, " $doge 's cat "
Dog Memes
$pupperfish -> hit $5m , viral dogfish
$nichi -> hit $1 .6m
$snuggy -> hit $510k , CTO
$dolly -> hit $450k
Cat Memes
$gpc -> hit $1m , "GoProCat", based on what a1lon9 (pumpfun's founder) said in an interview
$meo -> hit $885k , Chinese meme
$cc -> hit $500k , cult cate, has been made before
$chester -> hit $500k
$incel -> hit $440k
Other Cooks
$jet -> hit $775k , "Sardine 737"
$gigana -> hit $250k , woman $giga , CTO
$pumpy -> hit $220k
Imagine what happens when retail starts using trojan, BullX, photon, etc...
Great volume today
Market is seriously picking back up, keep reading 👇
Rug Turns Into A Community Relaunch
$fwog -> hit $17m , community relaunch, $eth whales pushing
$flog -> hit $4 .11m, rug
$fwog -> hit $300k , OG fwog launched June 5th
- $flog launched and rugged, the artist was mad and decided to relaunch as $fwog
- This was the runner of the day
Zoomer Memes
$ong -> $7m to $25m (3.6x), 3% of supply has been locked up for 6 months ($350k)
$higher -> $500k to $2 .5m (5x), good CTO
$bro -> hit $1m , "It's a CTO bro"
$stoic -> hit $750k
$aylmao -> hit $616k
Smoking Chicken Fish Is Taking Over
$scf -> $47m to $107m (2.27x)
$scf -> hit $616k , OG smoking chicken fish from 2023
Buck To A Buck
$buck -> hit $4 .75m, CTO, dog meme, once this buck started moving, people started pushing around the OG one (which was previously inactive)
$buck -> hit $1m , OG buck
$dolla -> hit $600k , $buck derivative
Ginnan Is A Boy
$ginnan -> $16m to $44 .5m (2.78x), "Ginnan Doge's Sister"
$ginnan -> hit $2 .5m, "Ginnan Doge's Brother"
- "Ginnan Doge's Sister" ran to $40m +, but turns out that Ginnan is a boy which means that he's Doge's brother (not sister)
Dogecoin meta
$neiro -> $38 .5m to $82m (2.1x)
$suji -> $65k to $1 .5m (23x), Tsutsuji, "Doge's sister cat"
$MoM -> hit $3 .45m, "Mother of Memecoins", CTO, coin about $doge & $neiro 's mom
$oni -> hit $900k , cat meme, " $doge 's cat "
Dog Memes
$pupperfish -> hit $5m , viral dogfish
$nichi -> hit $1 .6m
$snuggy -> hit $510k , CTO
$dolly -> hit $450k
Cat Memes
$gpc -> hit $1m , "GoProCat", based on what a1lon9 (pumpfun's founder) said in an interview
$meo -> hit $885k , Chinese meme
$cc -> hit $500k , cult cate, has been made before
$chester -> hit $500k
$incel -> hit $440k
Other Cooks
$jet -> hit $775k , "Sardine 737"
$gigana -> hit $250k , woman $giga , CTO
$pumpy -> hit $220k
Imagine what happens when retail starts using trojan, BullX, photon, etc...
1 month ago
Atsuko Sato was catapulted into history when a picture of her Shiba Inu, Kabuso, became one of internet culture’s most iconic memes.
Shortly after the death of the internet’s favorite pooch, Sato has again lit a fire under the cryptocurrency market by adopting a new dog. Named Neiro, the announcement of Sato’s second Shiba inspired a frenzy of onchain activity.
Shortly after the death of the internet’s favorite pooch, Sato has again lit a fire under the cryptocurrency market by adopting a new dog. Named Neiro, the announcement of Sato’s second Shiba inspired a frenzy of onchain activity.
2 months ago
🚀 Bitcoin and zombie companies: a new financial dynamic
Since the approval of spot Bitcoin ETFs on the American market, a shock wave has spread in the ranks of traditional finance. Bitcoin, once considered an infrequent option, is now recognized as a "legitimate financial instrument". This transformation is largely anticipated by companies such as MicroStrategy, which holds 226,300 BTC (or $15 billion) and represents more than 1% of the total supply limited to 21 million units.
Michael Saylor, founder of MicroStrategy, positions himself as a Bitcoin guru. He even evokes "economic immortality" thanks to the holding of BTC. Other publicly traded companies, such as Metaplanet and Semler Scientific, are inspired by this aggressive Bitcoin purchase strategy to boost their shares.
Metaplanet, for example, now holds a portfolio of 245 BTC (or $16 .4 million). Since the announcement of this strategy last April, Metaplanet's share price has risen dramatically, increasing by 980%. Simon Gerovich, CEO of Metaplanet, says that Bitcoin is the supreme monetary asset and that the company aims to own as many as possible.
The arrival of Bitcoin cash ETFs opens up new opportunities for zombie companies in search of excess capital. The simple possession of Bitcoin seems to have the power to revive these companies in difficulty. With the prospect of a $52 million BTC by 2050, Bitcoin continues to attract attention and transform the traditional financial landscape.
Since the approval of spot Bitcoin ETFs on the American market, a shock wave has spread in the ranks of traditional finance. Bitcoin, once considered an infrequent option, is now recognized as a "legitimate financial instrument". This transformation is largely anticipated by companies such as MicroStrategy, which holds 226,300 BTC (or $15 billion) and represents more than 1% of the total supply limited to 21 million units.
Michael Saylor, founder of MicroStrategy, positions himself as a Bitcoin guru. He even evokes "economic immortality" thanks to the holding of BTC. Other publicly traded companies, such as Metaplanet and Semler Scientific, are inspired by this aggressive Bitcoin purchase strategy to boost their shares.
Metaplanet, for example, now holds a portfolio of 245 BTC (or $16 .4 million). Since the announcement of this strategy last April, Metaplanet's share price has risen dramatically, increasing by 980%. Simon Gerovich, CEO of Metaplanet, says that Bitcoin is the supreme monetary asset and that the company aims to own as many as possible.
The arrival of Bitcoin cash ETFs opens up new opportunities for zombie companies in search of excess capital. The simple possession of Bitcoin seems to have the power to revive these companies in difficulty. With the prospect of a $52 million BTC by 2050, Bitcoin continues to attract attention and transform the traditional financial landscape.
2 months ago
Daily Memecoin Recap - July 26
$sol looks healthy, all we need is to break past $210 so we can aim for a new ATH
Hawk Tuah Comeback
$hawktuah -> $530k to $10 .17m (19.2x)
- elonmusk follows HalieyWelchX
- HawkTuah girl is attending the Bitcoin Conference in Nashville
Influencer Launch
$gyat -> hit $564k , wicked to $4 .4m, emarrbb
Landwolf Pushing
$wolf -> $52 .6m to $166m (3.15x), chart looks very good
Mumu Breaches $200m
$mumu -> $166m to $254m (1.53x)
$mimi -> hit $800k , mimi the bull, " $mumu 's wife ", CTO
Memes That Make You Lose Brain Cells (in a good way)
$brainlet -> $13 .3m to $29 .6m (2.23x), new ATH, pushed by $eth whales
$schizo -> hit $4 .9m
$sgb -> hit $1 .94m, "Screaming Gorilla Bird"
$spaz -> hit $525k , CTO
$pbjt -> hit $474k , "Peanut Butter Jelly Time"
Smoking Chicken Fish Keeps Pushing
$scf -> $35m to $85m (2.43x)
$cfsm -> $510k to $5 .15m (10.1x), Flying Spaghetti Monster, beta to $scf
$crabs -> $179k to $915k (5.11x), Smoking Crab, also a beta to $scf
- Just when you thought it was over, the smoking chicken fish shows you why it deserves more
- This thing has been all over the timeline
Zoomer Meta
$culture -> $1 .8m to $4 .75m (2.64x), "Men of Culture", CTO
$ong -> $396k to $3 .76m (9.5x), "on god"
$real -> $525k to $2 .3m (4.38x), this word is used all the time on social media
$lll -> hit $3 .1m, Live Laugh Love
$kek -> hit $1 .88m, "cult of kek"
$smh -> hit $1 .4m, "so much higher", CTO, KOLs onboard
$utility -> hit $830k , "The best utility is no utility"
$glaze -> hit $500k , slang meaning you're giving excessive praise to someone
$ticker -> hit $311k , "band 4 band"
Cat Memes
$djcat -> $300k to $5 .5m (18.3x), back from the dead, ATH is at $18m
$usdt -> $410k to $2 .73m (6.65x), tiger meme (I guess that still counts as a cat)
$smol -> $160k to $943k (5.9x), "smol cat", after months of consolidation, price exploded these past few days
$t -> hit $1 .5m, cat doing a T pose
More Cooks
$selfie -> $28m to $48m (1.7x), keeps making new ATH's after being dead for a while
$mad -> $15 .5m to $32m (2x), major come back from a low of $700k
$dollar -> $1 .8m to $5 .2m (2.88x)
$dewy -> hit $3 .28m, this meme got hella attention, ansem replied to it, dev burnt 5 figs worth
$miland -> hit $985k , "milady multiverse"
$cussy -> hit $745k , based on JDVance
$zeke -> hit $375k , cute rabbit
$mbc -> hit $300k , "Mutant Boys Club",
Matt_Furies boys club but a mutant variation
$glitched -> hit $267k
$spikey -> hit $250k , a cactus meme
Always remember to take a break & enjoy your weekend 🤝
$sol looks healthy, all we need is to break past $210 so we can aim for a new ATH
Hawk Tuah Comeback
$hawktuah -> $530k to $10 .17m (19.2x)
- elonmusk follows HalieyWelchX
- HawkTuah girl is attending the Bitcoin Conference in Nashville
Influencer Launch
$gyat -> hit $564k , wicked to $4 .4m, emarrbb
Landwolf Pushing
$wolf -> $52 .6m to $166m (3.15x), chart looks very good
Mumu Breaches $200m
$mumu -> $166m to $254m (1.53x)
$mimi -> hit $800k , mimi the bull, " $mumu 's wife ", CTO
Memes That Make You Lose Brain Cells (in a good way)
$brainlet -> $13 .3m to $29 .6m (2.23x), new ATH, pushed by $eth whales
$schizo -> hit $4 .9m
$sgb -> hit $1 .94m, "Screaming Gorilla Bird"
$spaz -> hit $525k , CTO
$pbjt -> hit $474k , "Peanut Butter Jelly Time"
Smoking Chicken Fish Keeps Pushing
$scf -> $35m to $85m (2.43x)
$cfsm -> $510k to $5 .15m (10.1x), Flying Spaghetti Monster, beta to $scf
$crabs -> $179k to $915k (5.11x), Smoking Crab, also a beta to $scf
- Just when you thought it was over, the smoking chicken fish shows you why it deserves more
- This thing has been all over the timeline
Zoomer Meta
$culture -> $1 .8m to $4 .75m (2.64x), "Men of Culture", CTO
$ong -> $396k to $3 .76m (9.5x), "on god"
$real -> $525k to $2 .3m (4.38x), this word is used all the time on social media
$lll -> hit $3 .1m, Live Laugh Love
$kek -> hit $1 .88m, "cult of kek"
$smh -> hit $1 .4m, "so much higher", CTO, KOLs onboard
$utility -> hit $830k , "The best utility is no utility"
$glaze -> hit $500k , slang meaning you're giving excessive praise to someone
$ticker -> hit $311k , "band 4 band"
Cat Memes
$djcat -> $300k to $5 .5m (18.3x), back from the dead, ATH is at $18m
$usdt -> $410k to $2 .73m (6.65x), tiger meme (I guess that still counts as a cat)
$smol -> $160k to $943k (5.9x), "smol cat", after months of consolidation, price exploded these past few days
$t -> hit $1 .5m, cat doing a T pose
More Cooks
$selfie -> $28m to $48m (1.7x), keeps making new ATH's after being dead for a while
$mad -> $15 .5m to $32m (2x), major come back from a low of $700k
$dollar -> $1 .8m to $5 .2m (2.88x)
$dewy -> hit $3 .28m, this meme got hella attention, ansem replied to it, dev burnt 5 figs worth
$miland -> hit $985k , "milady multiverse"
$cussy -> hit $745k , based on JDVance
$zeke -> hit $375k , cute rabbit
$mbc -> hit $300k , "Mutant Boys Club",
Matt_Furies boys club but a mutant variation
$glitched -> hit $267k
$spikey -> hit $250k , a cactus meme
Always remember to take a break & enjoy your weekend 🤝
2 months ago
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🤝
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🤝
2 months ago
Daily Memecoin Recap - July 19
$sol pumping -> good for our bags
Volume was mid today, but still had a decent amount of runners
Runner Of The Day
$ponzi -> hit $15 .8m, J.Ponzi.Morgan
- Launched by the same guy that pushed $dog to $9m +
- 70% of supply locked for 100 years
- This took most of the liquidity today
Good Memes
$lol -> hit $8 .35m, most used emoji, good art, CA starts with LoL, heavily pushed
$culture -> hit $1m , "Men Of Culture", popular sentence on twitter, CTO
$cope -> hit $1m , good meme, good team
$valhalla -> hit $300k , "We are going to Valhalla"
Shrek Memes
$shrek -> hit $750k , popular shrek smile gif, CTO, old coin (14th pumpfun coin ever created)
$donkeh -> hit $400k , old coin got revived cause $shrek was running
Bobo On Sol Launch
$bobo -> hit $3 .75m, "Bobo The Bear", popular meme
- The one on eth is sitting at $90m
- Has been launched on sol a bunch of times already, but none ever stuck
- $mumu on sol has been running lately
- $mumu on sol was launched after the one on eth but surpassed it by far
- $mumu (on sol) flips $bobo (on eth)
Dog Memes
$boppy -> $730k to $1 .6m (2.19x), CTO
$goldy -> hit $2 .26m, golden retriever, very good team
$mooni -> hit $1m , CTO
$magy -> hit $316k , MAGA (Trump's slogan) + dog, good community
$illusion -> hit $310k , good volume
Cat Memes
$mini -> $1 .9m to $22 .6m (11.89x from the low), continues to push, team has a lot planned
$garfi -> hit $1 .3m, based on Garfield
$twinny -> hit $580k , twin cats
$schizo -> hit $500k , CTO
$richi -> hit $460k , "The Richest Cat In Crypto", CTO
$tweakin -> hit $400k , Tripped out cat, "DTO - Dev Take over" lol
$goat -> hit $400k , "Goated", tiktok memes like $aura are pushing, derivatives will follow, cat in a goat costume, CTO
$shiny -> hit $295k , CTO, a shiny cat
More Cooks
$time -> $500k to $2 .45m (4.9x), launched on moonshot
$peanie -> $1 .25m to $10m (8x), chart pushed hard today, penguin meme
$bill -> hit $20m , "Bill The Bear", pushed by KOLs, hyped launch
$meat -> hit $1 .1m, based on
blknoiz06, NSFW
$trett -> hit $675k , trump + $brett
$stick -> hit $640k , "Gas Powered Stick", funny meme
$bloom -> hit $300k , 4chan meme
$it -> hit $285k , simple but good art
Coming into the weekend, I expect things to become even more PvP, focus on protecting your money
Relax on the weekend, lock in for Monday 🤝
$sol pumping -> good for our bags
Volume was mid today, but still had a decent amount of runners
Runner Of The Day
$ponzi -> hit $15 .8m, J.Ponzi.Morgan
- Launched by the same guy that pushed $dog to $9m +
- 70% of supply locked for 100 years
- This took most of the liquidity today
Good Memes
$lol -> hit $8 .35m, most used emoji, good art, CA starts with LoL, heavily pushed
$culture -> hit $1m , "Men Of Culture", popular sentence on twitter, CTO
$cope -> hit $1m , good meme, good team
$valhalla -> hit $300k , "We are going to Valhalla"
Shrek Memes
$shrek -> hit $750k , popular shrek smile gif, CTO, old coin (14th pumpfun coin ever created)
$donkeh -> hit $400k , old coin got revived cause $shrek was running
Bobo On Sol Launch
$bobo -> hit $3 .75m, "Bobo The Bear", popular meme
- The one on eth is sitting at $90m
- Has been launched on sol a bunch of times already, but none ever stuck
- $mumu on sol has been running lately
- $mumu on sol was launched after the one on eth but surpassed it by far
- $mumu (on sol) flips $bobo (on eth)
Dog Memes
$boppy -> $730k to $1 .6m (2.19x), CTO
$goldy -> hit $2 .26m, golden retriever, very good team
$mooni -> hit $1m , CTO
$magy -> hit $316k , MAGA (Trump's slogan) + dog, good community
$illusion -> hit $310k , good volume
Cat Memes
$mini -> $1 .9m to $22 .6m (11.89x from the low), continues to push, team has a lot planned
$garfi -> hit $1 .3m, based on Garfield
$twinny -> hit $580k , twin cats
$schizo -> hit $500k , CTO
$richi -> hit $460k , "The Richest Cat In Crypto", CTO
$tweakin -> hit $400k , Tripped out cat, "DTO - Dev Take over" lol
$goat -> hit $400k , "Goated", tiktok memes like $aura are pushing, derivatives will follow, cat in a goat costume, CTO
$shiny -> hit $295k , CTO, a shiny cat
More Cooks
$time -> $500k to $2 .45m (4.9x), launched on moonshot
$peanie -> $1 .25m to $10m (8x), chart pushed hard today, penguin meme
$bill -> hit $20m , "Bill The Bear", pushed by KOLs, hyped launch
$meat -> hit $1 .1m, based on
blknoiz06, NSFW
$trett -> hit $675k , trump + $brett
$stick -> hit $640k , "Gas Powered Stick", funny meme
$bloom -> hit $300k , 4chan meme
$it -> hit $285k , simple but good art
Coming into the weekend, I expect things to become even more PvP, focus on protecting your money
Relax on the weekend, lock in for Monday 🤝
2 months ago
Daily Memecoin Recap - July 12
This week, volume was overall much better than last week. We had multiple million dollar runners
Play On Words Meta
$mob -> hit $8m , "money over bitches"
$wif -> hit $3 .3m, "wallahi I'm finished", CTO by some big names in the space
$mia -> hit $920k , "missed it again"
$btc -> hit $575k , "buy this cat"
- Fire meta
Make More Bread
$bread -> hit $1 .78m, just a loaf of bread
Cat Meta
$mongy -> $3 .56m to $11 .28m (3.17x), team continues to push
$bub -> $1 .26m to $4 .1m (3.25x), CTO based on a viral cat
$cult -> hit $1 .8m
$sad -> hit $870k , $relax dev (hit $1 .8m), heavily sniped once it hit raydium, KOLs involved
$smol -> hit $490k
Matt Furie Memes
$ducky -> hit $3 .6m
$floppy -> hit $970k , Matt Furie type meme
$mikkey -> hit $870k , "girls club", beta to Matt_Furie's "boys club"
More Cooks
$orc -> $2 .14m to $5 .72m (2.67x), based on Davincij15's tweet, bitget listing announced
$retiredio -> $54k to $400k (7.4x), $retardio beta, CTO
$bro -> hit $4 .3m, CTO led by trusted people, dog meme
$sigma -> hit $3m
$beast -> hit $2 .86m, coin based on MrBeast (not actually related to him)
$rent -> hit $994k , $landlord beta, launched on dexscreener's moonshot
$psyop -> hit $800k , vc chaotic asf, website links to CIA lol
$fade -> hit $260k , CTO, good meme
I miss seeing true communities form out of these memes
Weekends are for touching grass
Did you cook? 🍜
This week, volume was overall much better than last week. We had multiple million dollar runners
Play On Words Meta
$mob -> hit $8m , "money over bitches"
$wif -> hit $3 .3m, "wallahi I'm finished", CTO by some big names in the space
$mia -> hit $920k , "missed it again"
$btc -> hit $575k , "buy this cat"
- Fire meta
Make More Bread
$bread -> hit $1 .78m, just a loaf of bread
Cat Meta
$mongy -> $3 .56m to $11 .28m (3.17x), team continues to push
$bub -> $1 .26m to $4 .1m (3.25x), CTO based on a viral cat
$cult -> hit $1 .8m
$sad -> hit $870k , $relax dev (hit $1 .8m), heavily sniped once it hit raydium, KOLs involved
$smol -> hit $490k
Matt Furie Memes
$ducky -> hit $3 .6m
$floppy -> hit $970k , Matt Furie type meme
$mikkey -> hit $870k , "girls club", beta to Matt_Furie's "boys club"
More Cooks
$orc -> $2 .14m to $5 .72m (2.67x), based on Davincij15's tweet, bitget listing announced
$retiredio -> $54k to $400k (7.4x), $retardio beta, CTO
$bro -> hit $4 .3m, CTO led by trusted people, dog meme
$sigma -> hit $3m
$beast -> hit $2 .86m, coin based on MrBeast (not actually related to him)
$rent -> hit $994k , $landlord beta, launched on dexscreener's moonshot
$psyop -> hit $800k , vc chaotic asf, website links to CIA lol
$fade -> hit $260k , CTO, good meme
I miss seeing true communities form out of these memes
Weekends are for touching grass
Did you cook? 🍜
2 months ago
🚨 The Chinese banking sector has just imploded!
40 banks disappeared in ONE WEEK
China faces a silent banking crisis that will shake the global economy. 👇
Small Chinese banks are falling one after the other.
We are talking about 55,000 billion yuan of assets at risk (13% of the banking system)!
3,800 rural institutions are in difficulty.
The problem is COLOSSAL.
40% non-performing loans in certain banks, massive exposure to the real estate crisis and large-scale fraud freezing Chinese withdrawals.
China's social stability is at stake. Beijing is panicking.
Their solution?
Make the problem disappear!
In Liaoning province alone, 36 banks have merged into one.
But merging troubled banks only creates bigger troubled banks!
The authorities are overwhelmed:
➡️ Delays in financial stability legislation
➡️ Insufficient recapitalization via special bonds
➡️ Lack of mechanisms to let banks fail
Incompetence reigns in Chinese economic policy and the consequences could be devastating...
We obviously fear a slowdown in economic growth but also and above all a risk of contagion to the global economy.
We may be witnessing the start of a major financial crisis.
We understand better why investors have been withdrawing their money from China for two years...
https://t.co/RLXGBneYTm
40 banks disappeared in ONE WEEK
China faces a silent banking crisis that will shake the global economy. 👇
Small Chinese banks are falling one after the other.
We are talking about 55,000 billion yuan of assets at risk (13% of the banking system)!
3,800 rural institutions are in difficulty.
The problem is COLOSSAL.
40% non-performing loans in certain banks, massive exposure to the real estate crisis and large-scale fraud freezing Chinese withdrawals.
China's social stability is at stake. Beijing is panicking.
Their solution?
Make the problem disappear!
In Liaoning province alone, 36 banks have merged into one.
But merging troubled banks only creates bigger troubled banks!
The authorities are overwhelmed:
➡️ Delays in financial stability legislation
➡️ Insufficient recapitalization via special bonds
➡️ Lack of mechanisms to let banks fail
Incompetence reigns in Chinese economic policy and the consequences could be devastating...
We obviously fear a slowdown in economic growth but also and above all a risk of contagion to the global economy.
We may be witnessing the start of a major financial crisis.
We understand better why investors have been withdrawing their money from China for two years...
https://t.co/RLXGBneYTm
![IMG](https://d3jhcf57v5ogoe.cloudfront.net/upload/images/2024/07/qPlXtfPaL5S9nrOvJkHe_12_0a58925527fc303e2feab442f50069c5_thumbnail_og_img.jpg)
Why Chinese banks are now vanishing
The state is struggling to deal with troubled institutions | Finance & economics
https://t.co/RLXGBneYTm