1 day ago
Steps to making your first $100 ,000 in memecoins
1. Follow the right people (I'll make a list soon)
2. Stare at bullx_io's pump vision
3. Write down every runner you see for the day
4. Find what each runner had in common
5. Use volume to your advantage. It's the single best indicator in this space: if you see constant 2-10 sol buys with almost no sells, odds are that someone has alpha on that coin
6. Interact with others on twitter, share your plays, prove that you're a hard worker
7. Join small circles of trench grinders
8. Profit
There really isn't any secrets to making it in this space. anyone can do it
Be terminally online & outwork everyone else
1. Follow the right people (I'll make a list soon)
2. Stare at bullx_io's pump vision
3. Write down every runner you see for the day
4. Find what each runner had in common
5. Use volume to your advantage. It's the single best indicator in this space: if you see constant 2-10 sol buys with almost no sells, odds are that someone has alpha on that coin
6. Interact with others on twitter, share your plays, prove that you're a hard worker
7. Join small circles of trench grinders
8. Profit
There really isn't any secrets to making it in this space. anyone can do it
Be terminally online & outwork everyone else
2 days ago
🇳🇴 Hadsel, a town in Norway whose mayor and its 8,236 residents pushed to shut down a local Bitcoin mining company, is now facing a 20% increase in its electricity bills due to lost revenue for the local power company
https://cointelegraph.com/...
https://cointelegraph.com/...
4 days ago
Only Trust Yourself
All bears are suddenly bulls because we're up 3% today
When we're down 3%, they're all going to flip back to being bears
Develop your own thesis, make a plan & stick to it
Never take trades solely based on someone else's opinion
Block out the noise
All bears are suddenly bulls because we're up 3% today
When we're down 3%, they're all going to flip back to being bears
Develop your own thesis, make a plan & stick to it
Never take trades solely based on someone else's opinion
Block out the noise
5 days 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."
6 days 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.
6 days ago
Crypto markets have suffered noticeable pullbacks following September 10’s highly anticipated presidential debate.
In the wake of self-proclaimed ‘Crypto President’ Donald Trump’s performance, scales have tipped in favor of Kamala Harris, with prediction markets illustrating renewed support for the Democrats.
Crypto Markets Tumble as Republican Confidence Wanes
The presidential debate had a resounding effect on the digital asset market. Following the event, $SOL price has dropped 5.1%, sliding from September 10’s high of $137 .9 to currently trade hands at $130 .84.
Beyond asset prices, CoinMarketCap’s Crypto Fear & Greed Index also dropped from a neutral 46.72 to a fearful ranking of 31.6.
The crypto market’s slide is expected to be due to the wider industry’s assumption that a Trump presidency will be favorable for the blockchain industry.
Commentators argue that Trump’s pro-crypto stance will greatly benefit the sector, with many analysts proposing that the approval of a spot SOL ETF hinges on a Republican victory. Meanwhile, some Solana community members expressed that regardless of who emerges triumphant in November, it will make little difference.
Over the past four years, the Biden administration has loomed large over the crypto industry. Gary Gensler and the S.E.C. (Securities and Exchanges Commission) have been widely criticized by the crypto community for their regulation-by-enforcement approach, which has seen the agency hand out a litany of lawsuits to crypto businesses throughout its time in office.
Volume Spikes on Drift Protocol’s Prediction Market
While Trump and Harris clashed heads on camera, traders took their chance to hit the prediction markets. Drift Protocol’s BET platform, a marketplace enabling users to trade the outcomes of real-world events, enjoyed an impressive surge of trading volume during the debate.
According to Dune Analytics, Drift Protocol’s BET protocol witnessed over $851k in daily trading volume. While falling short of market leader PolyMarket’s $14M daily volume, BET’s dramatic volume spike represented a 1,287% increase over the previous day’s trading.
According to BET’s dedicated market, Trump’s chances of winning the presidential election dropped from 54.2% to 49.5% since the debate began.
$TREMP Down, $KAMA Up
Finally, the landmark debate sent waves of volatility through Solana’s PolitiFi memecoin economy.
Unfortunately for $TREMP holders, crypto markets rejected the Presidential hopeful’s debate performance. $TREMP price crumbled under increased selling pressure, plunging 28% from.19 to currently exchange hands at.135, based on Step Finance data.
Meanwhile, the Kamala Harris-inspired $KAMA saw renewed support. $KAMA surged over 34%, rising from 0.007 to currently trade at.0094. Despite $KAMA’s superior performance, the memecoin still has a smaller market cap ($8.3M) than its PolitiFi rival $TREMP ($14.2M).
In the wake of self-proclaimed ‘Crypto President’ Donald Trump’s performance, scales have tipped in favor of Kamala Harris, with prediction markets illustrating renewed support for the Democrats.
Crypto Markets Tumble as Republican Confidence Wanes
The presidential debate had a resounding effect on the digital asset market. Following the event, $SOL price has dropped 5.1%, sliding from September 10’s high of $137 .9 to currently trade hands at $130 .84.
Beyond asset prices, CoinMarketCap’s Crypto Fear & Greed Index also dropped from a neutral 46.72 to a fearful ranking of 31.6.
The crypto market’s slide is expected to be due to the wider industry’s assumption that a Trump presidency will be favorable for the blockchain industry.
Commentators argue that Trump’s pro-crypto stance will greatly benefit the sector, with many analysts proposing that the approval of a spot SOL ETF hinges on a Republican victory. Meanwhile, some Solana community members expressed that regardless of who emerges triumphant in November, it will make little difference.
Over the past four years, the Biden administration has loomed large over the crypto industry. Gary Gensler and the S.E.C. (Securities and Exchanges Commission) have been widely criticized by the crypto community for their regulation-by-enforcement approach, which has seen the agency hand out a litany of lawsuits to crypto businesses throughout its time in office.
Volume Spikes on Drift Protocol’s Prediction Market
While Trump and Harris clashed heads on camera, traders took their chance to hit the prediction markets. Drift Protocol’s BET platform, a marketplace enabling users to trade the outcomes of real-world events, enjoyed an impressive surge of trading volume during the debate.
According to Dune Analytics, Drift Protocol’s BET protocol witnessed over $851k in daily trading volume. While falling short of market leader PolyMarket’s $14M daily volume, BET’s dramatic volume spike represented a 1,287% increase over the previous day’s trading.
According to BET’s dedicated market, Trump’s chances of winning the presidential election dropped from 54.2% to 49.5% since the debate began.
$TREMP Down, $KAMA Up
Finally, the landmark debate sent waves of volatility through Solana’s PolitiFi memecoin economy.
Unfortunately for $TREMP holders, crypto markets rejected the Presidential hopeful’s debate performance. $TREMP price crumbled under increased selling pressure, plunging 28% from.19 to currently exchange hands at.135, based on Step Finance data.
Meanwhile, the Kamala Harris-inspired $KAMA saw renewed support. $KAMA surged over 34%, rising from 0.007 to currently trade at.0094. Despite $KAMA’s superior performance, the memecoin still has a smaller market cap ($8.3M) than its PolitiFi rival $TREMP ($14.2M).
8 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
8 days ago
Despite the market downtrend, Solana is the only digital asset seeing inflows for the second straight week. During last week's dry market, solana saw +$6.2M in inflows, while Bitcoin had -$643M in outflows and Ethereum -$98M.
Source: CoinShares
Source: CoinShares
8 days ago
Prices may be down, but Grayscale's making bull market bets if you know where to look.
These are the assets that have caught the attention of Crypto's Wall Street whisperer 👇
========================================
When Grayscale announces a new Trust for a particular asset, the market often reacts with a mix of excitement and skepticism.
It's a bit like a double-edged sword: a signal of saturation for some and a beacon of hope for others.
Some might interpret the launch as a sign that the market for that asset is reaching saturation or at least limited upside potential in crypto terms.
On the one hand, it’s a stamp of approval from a major player in the crypto space. It can lend legitimacy to the asset, potentially attracting institutional investors, and, at the very least, boost media coverage.
Grayscale has been adding new investment products at a faster clip, showcasing their conviction that we’re in the middle innings of a crypto bull market fueled by a grand slam of bullish signals: #Bitcoin ETF inflows, the long-awaited $ETH ETF launch, increasing stablecoin adoption, and steady growth in TVL across DeFi.
As a quiet giant in the industry, investors continue to watch what Grayscale is backing and what that says about their impressions of which direction the industry is headed. What assets have caught their attention lately? Let's find out. 👇
----------------------------------------------------------
Grayscale Decentralized AI Fund (FIL, NEAR, RNDR, LPT, TAO)
Grayscale Bittensor Trust (TAO)
Bittensor envisions a world where AI isn't a tool in the hands of a few corporations but a resource democratized for all. It aims to create an "Internet of AI" where everyone can contribute and benefit from AI models. $TAO incentivizes participants to contribute to the network by providing rewards for tasks like validating models and running AI computations.
As the AI race among big tech companies heats up, Grayscale believes that Bittensor offers a compelling alternative approach towards AI development, one that encourages a wider range of participants and ideas.
Grayscale SUI Trust (SUI)
$Sui boasts a novel blockchain design that prioritizes scalability and user experience. It allows for parallel processing, tackling multiple transactions simultaneously.
SuiNetwork
's competitive edge comes down to its custom-built programming language, Sui Move, which streamlines smart contract development and execution.
As the need for blockspace and faster execution in crypto increases, Grayscale believes that Sui opens the door to a new wave of decentralized applications that were previously limited by existing blockchain infrastructure.
The Grayscale Effect
Overall, the impact of a Grayscale Trust launch is highly subjective to the specific asset. By no means does it signify that the asset is destined for greatness. Take the Grayscale Decentraland Trust (MANA), for instance.
The key takeaway is that Grayscale's bullish outlook on crypto is evident in its recent product launches. They believe we're currently in a bull market and are positioning themselves accordingly.
Analysis by arjunnchand
These are the assets that have caught the attention of Crypto's Wall Street whisperer 👇
========================================
When Grayscale announces a new Trust for a particular asset, the market often reacts with a mix of excitement and skepticism.
It's a bit like a double-edged sword: a signal of saturation for some and a beacon of hope for others.
Some might interpret the launch as a sign that the market for that asset is reaching saturation or at least limited upside potential in crypto terms.
On the one hand, it’s a stamp of approval from a major player in the crypto space. It can lend legitimacy to the asset, potentially attracting institutional investors, and, at the very least, boost media coverage.
Grayscale has been adding new investment products at a faster clip, showcasing their conviction that we’re in the middle innings of a crypto bull market fueled by a grand slam of bullish signals: #Bitcoin ETF inflows, the long-awaited $ETH ETF launch, increasing stablecoin adoption, and steady growth in TVL across DeFi.
As a quiet giant in the industry, investors continue to watch what Grayscale is backing and what that says about their impressions of which direction the industry is headed. What assets have caught their attention lately? Let's find out. 👇
----------------------------------------------------------
Grayscale Decentralized AI Fund (FIL, NEAR, RNDR, LPT, TAO)
Grayscale Bittensor Trust (TAO)
Bittensor envisions a world where AI isn't a tool in the hands of a few corporations but a resource democratized for all. It aims to create an "Internet of AI" where everyone can contribute and benefit from AI models. $TAO incentivizes participants to contribute to the network by providing rewards for tasks like validating models and running AI computations.
As the AI race among big tech companies heats up, Grayscale believes that Bittensor offers a compelling alternative approach towards AI development, one that encourages a wider range of participants and ideas.
Grayscale SUI Trust (SUI)
$Sui boasts a novel blockchain design that prioritizes scalability and user experience. It allows for parallel processing, tackling multiple transactions simultaneously.
SuiNetwork
's competitive edge comes down to its custom-built programming language, Sui Move, which streamlines smart contract development and execution.
As the need for blockspace and faster execution in crypto increases, Grayscale believes that Sui opens the door to a new wave of decentralized applications that were previously limited by existing blockchain infrastructure.
The Grayscale Effect
Overall, the impact of a Grayscale Trust launch is highly subjective to the specific asset. By no means does it signify that the asset is destined for greatness. Take the Grayscale Decentraland Trust (MANA), for instance.
The key takeaway is that Grayscale's bullish outlook on crypto is evident in its recent product launches. They believe we're currently in a bull market and are positioning themselves accordingly.
Analysis by arjunnchand
9 days ago
A lil weekly recap on #btc
• Analysts: US Fed rate cut could push Bitcoin down 20%
• Bitcoin price dips to new 1-month low after $57K US jobs data 'fakeout'
• Samson Mow: Bitcoin bears base $40K prediction on 'self induced fear'
• Trump vows to make US ‘world capital of crypto,’ taps Musk for new task force
• Coinbase secures partial victory over SEC in motion to compel discovery
• VanEck to shutter Ethereum futures ETF as investors shift to spot ETHV
• Report: US companies forecast to buy $10 .3B in Bitcoin over next 18 months
• Crypto venture capital funding surges to $633M in August rebound
• Chainalysis says Russia’s crypto infrastructure aims to skirt Western sanctions
• Monochrome confident as it files for Australia’s first ETF to hold Ether directly
• Binance CEO says CZ is banned from managing or operating the exchange
• Outlier Ventures says four-year cycle is dead after bitcoin's 'worst price performance following any halving to date.
• Analysts: US Fed rate cut could push Bitcoin down 20%
• Bitcoin price dips to new 1-month low after $57K US jobs data 'fakeout'
• Samson Mow: Bitcoin bears base $40K prediction on 'self induced fear'
• Trump vows to make US ‘world capital of crypto,’ taps Musk for new task force
• Coinbase secures partial victory over SEC in motion to compel discovery
• VanEck to shutter Ethereum futures ETF as investors shift to spot ETHV
• Report: US companies forecast to buy $10 .3B in Bitcoin over next 18 months
• Crypto venture capital funding surges to $633M in August rebound
• Chainalysis says Russia’s crypto infrastructure aims to skirt Western sanctions
• Monochrome confident as it files for Australia’s first ETF to hold Ether directly
• Binance CEO says CZ is banned from managing or operating the exchange
• Outlier Ventures says four-year cycle is dead after bitcoin's 'worst price performance following any halving to date.
10 days ago
Temi’s riding the bull with confidence, even when the market’s down. His verses? Always bullish. 🎶🐂
https://linktr.ee/temisola...
#BullVerse #TEMI #BullishVibes
https://linktr.ee/temisola...
#BullVerse #TEMI #BullishVibes
11 days ago
11 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 🏝️
12 days ago
❌️ More than 600 bitcoin ATMs have been taken offline worldwide in 2 months.
Authorities are searching for and shutting down crypto ATMs that are frequently involved in extortion and scams.
According to data from Coin ATM Radar, the global Bitcoin ATM network lost 435 and 182 machines in July and August.
Losses from ATM scams exceeded $110 million in 2023.
These scams typically involve fraudsters persuading victims to transfer their funds using Bitcoin ATMs under deceptive or fraudulent promises.
Authorities are searching for and shutting down crypto ATMs that are frequently involved in extortion and scams.
According to data from Coin ATM Radar, the global Bitcoin ATM network lost 435 and 182 machines in July and August.
Losses from ATM scams exceeded $110 million in 2023.
These scams typically involve fraudsters persuading victims to transfer their funds using Bitcoin ATMs under deceptive or fraudulent promises.
14 days ago
📊 Weekly Outlook Charts Sep 2-6:
$BTC $SOL $ETH $WIF
Markets just took a turn 📉
What happened and where are we going?
Bull over? 😞
Heres what you need to know: 👇
🚨Market Breadth is flashing warning signs, with MMMTH, MMMFI, and MMMTW indicators suggesting a potential rotation out of risk. When combined with other indicators such as market fear/greed being neutral, AAII sentiment being 2% off its 1 year bullish high, its likely we will see a rotation out of risk such as crypto - paving a short opportunity for risky assets in crypto (political tokens, meme tokens etc)
https://www.tradingview.co.../
📉 #DXY retest of trend line on broad market pullbacks/weakness. Bearish continuation expected until EOY. Short term upside, longer term downside. 96 on DXY still on the table.
https://www.tradingview.co.../
📈 #SPY breadth is peaking on the 200, 50, and 20 D (see market breadth above)
When the market is running low on breadth, there will be some rotation or correction. Selling expensive stocks for cheaper ones (most likely cyclical's) will cause some selling pressure on the bigger names like NVDA, AAPL etc. Expect sidways choppiness for the majority of the market.
Ichimoku still indicating bullish continuation. Q4 will be good. Target at 6000 remains.
https://www.tradingview.co.../
⛽️ #USOIL staring its trend toward $61 oil as expected. It would have to be an alarming geopolitical situation to turn the course of OIL back up
https://www.tradingview.co.../
⚠️ #btc bulls be very cautious here!
Bear case:
1. SPY breadth running out of steem
2. SPY seasonal weakness in September
3. BTC is below 20 W EMA, 50/200 D MA bearish cross
4. BTC Weekly close below the ichimoku cloud.
Still possible for a 70k retest at trendline, but Bear case outweighs the bull base
https://www.tradingview.co.../
📉 #eth still lagging behind. Alts in general will enjoy a beating as BTC chops/declines.
2k retest is on the horizon.
https://www.tradingview.co.../
$BTC $SOL $ETH $WIF
Markets just took a turn 📉
What happened and where are we going?
Bull over? 😞
Heres what you need to know: 👇
🚨Market Breadth is flashing warning signs, with MMMTH, MMMFI, and MMMTW indicators suggesting a potential rotation out of risk. When combined with other indicators such as market fear/greed being neutral, AAII sentiment being 2% off its 1 year bullish high, its likely we will see a rotation out of risk such as crypto - paving a short opportunity for risky assets in crypto (political tokens, meme tokens etc)
https://www.tradingview.co.../
📉 #DXY retest of trend line on broad market pullbacks/weakness. Bearish continuation expected until EOY. Short term upside, longer term downside. 96 on DXY still on the table.
https://www.tradingview.co.../
📈 #SPY breadth is peaking on the 200, 50, and 20 D (see market breadth above)
When the market is running low on breadth, there will be some rotation or correction. Selling expensive stocks for cheaper ones (most likely cyclical's) will cause some selling pressure on the bigger names like NVDA, AAPL etc. Expect sidways choppiness for the majority of the market.
Ichimoku still indicating bullish continuation. Q4 will be good. Target at 6000 remains.
https://www.tradingview.co.../
⛽️ #USOIL staring its trend toward $61 oil as expected. It would have to be an alarming geopolitical situation to turn the course of OIL back up
https://www.tradingview.co.../
⚠️ #btc bulls be very cautious here!
Bear case:
1. SPY breadth running out of steem
2. SPY seasonal weakness in September
3. BTC is below 20 W EMA, 50/200 D MA bearish cross
4. BTC Weekly close below the ichimoku cloud.
Still possible for a 70k retest at trendline, but Bear case outweighs the bull base
https://www.tradingview.co.../
📉 #eth still lagging behind. Alts in general will enjoy a beating as BTC chops/declines.
2k retest is on the horizon.
https://www.tradingview.co.../
Weekly Outlook Sep 2-6 (Breadth Indicators) for INDEX:MMTH by SolenyaResearch — TradingView
In the top chart we have INDEX:MMTH which shows how many stocks are above their 200 D MA expressed as a percentage. When 70% or more of stocks are above their 200 D MA, it can be seen as over exuberance which can lead to a short term decline as investors take profits on riskier stocks to rotate in l..
https://www.tradingview.com/chart/MMTH/pJU7vnfN-Weekly-Outlook-Sep-2-6-Breadth-Indicators/
14 days ago
📉 The stock #Nvidia is down almost 10% today, recording the largest single-day market cap drop ever ($270 billion, almost the entire cap of Ethereum)
14 days ago
Hyperspace announces the shutdown of its Solana NFT Marketplace, effective 9/17. Support for Solana APIs will also sunset on 9/17.
15 days ago
Daily Memecoin Recap - September 2
The past week has been absolutely dead, but volume picked back up today
GameFi Coins
$explore -> ExploringOnSOL
, functioning game coming out, team is good, hope this starts a new meta
Ethereum Pump Fun
$vista -> hit $30m , ethervista
- Users are responsible for creating their own coin contracts, EtherVista only offers a "Launch" feature
- By supplying coins and ETH, users receive LP tokens for EtherVista's DEX, with the option to burn these tokens
- The DEX has a fixed-fee structure, distributing fees to LP providers, coin creators, and $VISTA developers
- This is more of a unique UniswapV2-style DEX rather than a typical pump-and-dump scheme
Fascist.eth Coins
$xd -> hit $9m , someone threatened that they would leak psyoptrick's past & nudes, instead she did it herself
$obama -> hit $552k , "Bitcoin Obama", pushed by
psyoptrick
Runners Of The Day
$yukie -> $150k to $630k , dog meme, launched in August heavily pushed today, ATH $1 .65m
$tommy -> hit $3 .2m, another cute dog, coordinated push
$gib -> hit $2 .5m, "A marketplace for work"
$ultra -> hit $800k , "UltramanGodzillaNebulaM78", good content
$look -> hit $800k , "Look bro...", viral meme on CT these past few days
$pin -> hit $730k , Post-It Note, memes on a post-it note
Wei Wu Trolls Ansem
$wisdom -> hit $580k , based on WuWei113
, who beefed with blknoiz06 recently
Dexscreener introduces new boosts & gold tickers
$abcde -> hit $850k , slow grind up since launch, based team
Fwog Is King
$fwog -> $45m to $91 .6m (2.03x from the low), one of the strongest memes despite the market downturn
$fwag -> hit $1 .3m, gay $fwog , " You missed $FWOG ? You must be a $FWAG "
Smoking Chicken Fish Betas
$dcc -> hit $2 .5m, "Drunk Chicken Centipede", $scf vibes
$btc -> hit $785k , "Big Titty Chicken"
Other Cooks
$bud -> hit $1m
$bullet -> hit $450k , functioning game
$gugu -> hit $396k , CTO
$frfr -> hit $340k , "Fref & frof"
$katana -> hit $309k , "First Blind Dog On Solana"
$fwc -> hit $258k , "Farting Whoopie Cushion"
Differentiate having a long-term outlook on your spot bags vs a short-term outlook when trading memes
The past week has been absolutely dead, but volume picked back up today
GameFi Coins
$explore -> ExploringOnSOL
, functioning game coming out, team is good, hope this starts a new meta
Ethereum Pump Fun
$vista -> hit $30m , ethervista
- Users are responsible for creating their own coin contracts, EtherVista only offers a "Launch" feature
- By supplying coins and ETH, users receive LP tokens for EtherVista's DEX, with the option to burn these tokens
- The DEX has a fixed-fee structure, distributing fees to LP providers, coin creators, and $VISTA developers
- This is more of a unique UniswapV2-style DEX rather than a typical pump-and-dump scheme
Fascist.eth Coins
$xd -> hit $9m , someone threatened that they would leak psyoptrick's past & nudes, instead she did it herself
$obama -> hit $552k , "Bitcoin Obama", pushed by
psyoptrick
Runners Of The Day
$yukie -> $150k to $630k , dog meme, launched in August heavily pushed today, ATH $1 .65m
$tommy -> hit $3 .2m, another cute dog, coordinated push
$gib -> hit $2 .5m, "A marketplace for work"
$ultra -> hit $800k , "UltramanGodzillaNebulaM78", good content
$look -> hit $800k , "Look bro...", viral meme on CT these past few days
$pin -> hit $730k , Post-It Note, memes on a post-it note
Wei Wu Trolls Ansem
$wisdom -> hit $580k , based on WuWei113
, who beefed with blknoiz06 recently
Dexscreener introduces new boosts & gold tickers
$abcde -> hit $850k , slow grind up since launch, based team
Fwog Is King
$fwog -> $45m to $91 .6m (2.03x from the low), one of the strongest memes despite the market downturn
$fwag -> hit $1 .3m, gay $fwog , " You missed $FWOG ? You must be a $FWAG "
Smoking Chicken Fish Betas
$dcc -> hit $2 .5m, "Drunk Chicken Centipede", $scf vibes
$btc -> hit $785k , "Big Titty Chicken"
Other Cooks
$bud -> hit $1m
$bullet -> hit $450k , functioning game
$gugu -> hit $396k , CTO
$frfr -> hit $340k , "Fref & frof"
$katana -> hit $309k , "First Blind Dog On Solana"
$fwc -> hit $258k , "Farting Whoopie Cushion"
Differentiate having a long-term outlook on your spot bags vs a short-term outlook when trading memes
15 days ago
Sharpen Your Skills In A Slow Market
When volume is low, it's the perfect time to hone in on your trading
- Learn how to read a chart (even if it's just basic support/resistance)
- Learn more about using RPC's, private nodes, private trading bots, snipers, etc.
- Make a list of the most important twitter accounts to follow
- Focus on spot trading (avoid leverage)
- Develop a system for wallet tracking
- Write down some goals that you'd like to achieve this cycle
- Make a plan for taking profit
- Focus on market psychology & controlling your emotions
- Study risk management
- Study Macroeconomic trends
- Network, Network, Network
Prepare yourself now so that when the bull market peaks, you’re ready to maximize your profits
When volume is low, it's the perfect time to hone in on your trading
- Learn how to read a chart (even if it's just basic support/resistance)
- Learn more about using RPC's, private nodes, private trading bots, snipers, etc.
- Make a list of the most important twitter accounts to follow
- Focus on spot trading (avoid leverage)
- Develop a system for wallet tracking
- Write down some goals that you'd like to achieve this cycle
- Make a plan for taking profit
- Focus on market psychology & controlling your emotions
- Study risk management
- Study Macroeconomic trends
- Network, Network, Network
Prepare yourself now so that when the bull market peaks, you’re ready to maximize your profits
17 days ago
BTC, there were minimal trading volumes over the weekend and this weekend. Tomorrow is a whole day off in the USA and the volumes may not be large either. Bitcoin is still near the local support zone. Let me remind you that this zone is 57,600-55,900. Bitcoin continues to trade inside the medium-term pattern. And in this case, the key zone and level for reaching the upper limit of this pattern is the level of 60,000 and 64,000. After the breakdown of the pattern, a new round of growth of this cycle will begin.
withdrawal from exchanges exceeds input - 7%, 1,000 btc❗️
Altcoins, the accumulation continues. The market also gives many a chance to enter at an affordable price. But it is more likely that the next month will change the situation. The growth of altcoins in the near term will be significant.
https://www.tradingview.co.../
withdrawal from exchanges exceeds input - 7%, 1,000 btc❗️
Altcoins, the accumulation continues. The market also gives many a chance to enter at an affordable price. But it is more likely that the next month will change the situation. The growth of altcoins in the near term will be significant.
https://www.tradingview.co.../
17 days ago
📊 Weekly Outlook: September 2-6 📊
Market News & Sentiment 📰
- BCA research warns of AI sector slowdown impacting stock market more than economy 🤖- Labor market weakness expected to continue 💼
- Fed blackout period begins after September 6 🗣️
- Market anticipating 25bps rate cut in September 📉
- Analysts forecast 2 more ECB rate cuts by year-end 📊
Events This Week 📅
- Monday:
🇬🇧 UK Manufacturing PMI 📊
- Tuesday:
🇺🇸 US Manufacturing PMI, Fed GDP Now 📊
- Wednesday:
🇪🇺 EU Composite PMI, Services PMI 📊
🇨🇦 CAD Interest Rate Decision 📈
🇺🇸 US Job Openings, Beige Book 📊
Earnings: Dollar Tree 📊
- Thursday:
🇺🇸 US Jobless Claims, Fed Balance Sheet 📊
- Friday:
🇪🇺 EU GDP 📊
🇺🇸 US Payroll Data, Participation Rate, Unemployment 📊
Earnings: Kroger 📊
Risk Appetite 🤔
- Truflation: 1.55% 🔥
- Market Fear/Greed Index: 63 (neutral) 📊
- Market Breadth: Extreme Greed 🚀
- Put/Call Ratio: Neutral 📊
- Junk Bond vs Investment Grade: Fear 😬
- AAII Sentiment: 2% off 1-year bullish high 📈
- Crypto Fear/Greed Index: 28 (Fear) 😨
- High Yield Bond Premium: 3.15% (slight decrease) ⬇️
- High Yield Effective Yield: 7.8% (slight increase) ⬆️
Market Breadth 📈
- SPX stocks above 200D MA: 62% (increase from last week) 📈
- SPX stocks above 50D MA: 66% (increase from last week) 📈
- SPX stocks above 20D MA: 79% (substantial increase from last week) 🚀
- NASDAQ new highs - new lows: 61 📊
- SPY 52-week highs - 52-week lows: -7 📊
- SPY New highs - New lows: Monthly 114, Weekly 93 📊
Other 📊
- Fed Rate Monitor Tool: 70% probability of 25bps, 30% probability of 50bps 📊
Market News & Sentiment 📰
- BCA research warns of AI sector slowdown impacting stock market more than economy 🤖- Labor market weakness expected to continue 💼
- Fed blackout period begins after September 6 🗣️
- Market anticipating 25bps rate cut in September 📉
- Analysts forecast 2 more ECB rate cuts by year-end 📊
Events This Week 📅
- Monday:
🇬🇧 UK Manufacturing PMI 📊
- Tuesday:
🇺🇸 US Manufacturing PMI, Fed GDP Now 📊
- Wednesday:
🇪🇺 EU Composite PMI, Services PMI 📊
🇨🇦 CAD Interest Rate Decision 📈
🇺🇸 US Job Openings, Beige Book 📊
Earnings: Dollar Tree 📊
- Thursday:
🇺🇸 US Jobless Claims, Fed Balance Sheet 📊
- Friday:
🇪🇺 EU GDP 📊
🇺🇸 US Payroll Data, Participation Rate, Unemployment 📊
Earnings: Kroger 📊
Risk Appetite 🤔
- Truflation: 1.55% 🔥
- Market Fear/Greed Index: 63 (neutral) 📊
- Market Breadth: Extreme Greed 🚀
- Put/Call Ratio: Neutral 📊
- Junk Bond vs Investment Grade: Fear 😬
- AAII Sentiment: 2% off 1-year bullish high 📈
- Crypto Fear/Greed Index: 28 (Fear) 😨
- High Yield Bond Premium: 3.15% (slight decrease) ⬇️
- High Yield Effective Yield: 7.8% (slight increase) ⬆️
Market Breadth 📈
- SPX stocks above 200D MA: 62% (increase from last week) 📈
- SPX stocks above 50D MA: 66% (increase from last week) 📈
- SPX stocks above 20D MA: 79% (substantial increase from last week) 🚀
- NASDAQ new highs - new lows: 61 📊
- SPY 52-week highs - 52-week lows: -7 📊
- SPY New highs - New lows: Monthly 114, Weekly 93 📊
Other 📊
- Fed Rate Monitor Tool: 70% probability of 25bps, 30% probability of 50bps 📊
18 days ago
Daily Memecoin Recap - August 29
Market's waiting for a catalyst - there currently isn't a meta
6ix9ine Launch
$trolli -> hit $20 .9m
- 6ix9ine has been engaging with crypto twitter for the last couple of days
- He's joined the retardio community and has opened a tg channel
Mbappe Hacked
$mbappe -> hit $320m
- KMbappe's twitter was hacked
- The exploiter made a bunch of tweets and eventually tweeted a CA
- Someone 1 clip bought $1 ,000,000 worth and is down 95%+
Snoofi Comes Back To Life
$snoofi -> $2 .9m to $17 .9m (6.2x from the low)
- Reddit dog
- Community keeps getting stronger
- Dexscreener added a "reddit" button
NFT Collection Coins
$chungo -> hit $230k
$clown -> hit $230k , "Amphiprion ocellaris", fish meme
Dog Memes
$chua -> hit $1 .2m, $wdog team CTO, cute dog, "jotchua"
$def -> hit $475k , "Default Dog", blank picture of a dog
Cat Memes
$keycat -> $1m to $3 .7m (3.7x), viral meme, ATH $7m
$hmu -> $75k to $1 .3m (17x), "hit me up", coin that launched in July, randomly got CTO'd today, ATH is $3 .3m
$poor -> hit $615k , "wife wants a divorce", cat meme
Matt Furie Coins
$vix -> hit $645k
$brotty -> hit $500k , hyped launch, $brett as a robot
More Cooks
$art -> hit $2 .4m
$pac -> hit $1 .45m, "Photorealistic Autism Creature"
What did you hit today? 🤔
Market's waiting for a catalyst - there currently isn't a meta
6ix9ine Launch
$trolli -> hit $20 .9m
- 6ix9ine has been engaging with crypto twitter for the last couple of days
- He's joined the retardio community and has opened a tg channel
Mbappe Hacked
$mbappe -> hit $320m
- KMbappe's twitter was hacked
- The exploiter made a bunch of tweets and eventually tweeted a CA
- Someone 1 clip bought $1 ,000,000 worth and is down 95%+
Snoofi Comes Back To Life
$snoofi -> $2 .9m to $17 .9m (6.2x from the low)
- Reddit dog
- Community keeps getting stronger
- Dexscreener added a "reddit" button
NFT Collection Coins
$chungo -> hit $230k
$clown -> hit $230k , "Amphiprion ocellaris", fish meme
Dog Memes
$chua -> hit $1 .2m, $wdog team CTO, cute dog, "jotchua"
$def -> hit $475k , "Default Dog", blank picture of a dog
Cat Memes
$keycat -> $1m to $3 .7m (3.7x), viral meme, ATH $7m
$hmu -> $75k to $1 .3m (17x), "hit me up", coin that launched in July, randomly got CTO'd today, ATH is $3 .3m
$poor -> hit $615k , "wife wants a divorce", cat meme
Matt Furie Coins
$vix -> hit $645k
$brotty -> hit $500k , hyped launch, $brett as a robot
More Cooks
$art -> hit $2 .4m
$pac -> hit $1 .45m, "Photorealistic Autism Creature"
What did you hit today? 🤔
19 days ago
We’re thrilled to announce the launch of our brand-new gaming website! 🥳 You can now download the early access beta for our first game, FightEm! Be among the first to jump into the action! 🔥
But that’s just the beginning! 🌟 The website also gives you a sneak peek at 14 more games that are on the way. 🚀 Check out all the names and details to see what’s coming next!
Don’t miss out—visit the site now and get ready for some epic gaming! 🎉👾
temisolana.itch.io
But that’s just the beginning! 🌟 The website also gives you a sneak peek at 14 more games that are on the way. 🚀 Check out all the names and details to see what’s coming next!
Don’t miss out—visit the site now and get ready for some epic gaming! 🎉👾
temisolana.itch.io
20 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
20 days ago
BREAKING:
ton_blockchain is down AGAIN!
Its last transaction processed 1 hour ago; it's the chain's second outage in 24 hours...
ton_blockchain is down AGAIN!
Its last transaction processed 1 hour ago; it's the chain's second outage in 24 hours...
21 days ago
WHAT'S NEXT FOR SOLANA’S STRUGGLING RWA SECTOR?
Once touted as one of this cycle’s biggest sectors, RWA has underperformed in recent months. What lies ahead for Solana’s RWA projects?
Despite dominating other Layer 1’s in DePIN adoption and a growing number of DeFi metrics, Solana’s RWA (Real World Assets) ecosystem struggles to keep pace. Promising to bring tangible assets, like real estate, stocks, and precious metals onchain, RWAs are one of crypto’s most popular sectors in 2024.
Compared to rival networks, Solana faces a shortage of native RWA protocols, relying on multi-chain protocols to provide the bulk of onchain TVL (Total Value Locked).
WHAT CAN NETWORK PARTICIPANTS EXPECT FROM SOLANA RWA IN THE REMAINDER OF 2024?
In recent months, uncertainty has plagued market dynamics across the crypto industry. Geo-political tensions and TradFi disruptions have been major sources of volatility in the market. However, while DePIN has weathered turbulent conditions, RWA has struggled to solidify its market position.
According to Artemis data, the RWA has been crypto’s worst-performing sector over the past month. With the weighted average of token FDVs (Fully Diluted Valuation) in the sector down over 28%, RWA has fared even worse than other beleaguered niches, such as memecoins and AI.
RWA’s poor performance in recent months defies market expectations. Prior to the approval of spot Ethereum ETFs in the U.S., traders were optimistic that ETH’s debut in traditional markets would be a boon for RWA projects across the market.
Since then, RWA tokens throughout the industry have struggled, suggesting that the ETH ETF approval may have been a ‘sell-the-news’ event.
That being said, it should also be noted that the RWA sector has vastly outperformed the market over a longer timeframe. Over the last year, the weighted average of RWA token FDVs has increased by 1,280%, an 883% increase over the average performance of all sectors.What’s Next for Solana’s Struggling RWA Sector?
Once touted as one of this cycle’s biggest sectors, RWA has underperformed in recent months. What lies ahead for Solana’s RWA projects?
Despite dominating other Layer 1’s in DePIN adoption and a growing number of DeFi metrics, Solana’s RWA (Real World Assets) ecosystem struggles to keep pace. Promising to bring tangible assets, like real estate, stocks, and precious metals onchain, RWAs are one of crypto’s most popular sectors in 2024.
Compared to rival networks, Solana faces a shortage of native RWA protocols, relying on multi-chain protocols to provide the bulk of onchain TVL (Total Value Locked).
What can network participants expect from Solana RWA in the remainder of 2024?
RWA Sector Underperforms Amidst Market Turbulence
In recent months, uncertainty has plagued market dynamics across the crypto industry. Geo-political tensions and TradFi disruptions have been major sources of volatility in the market. However, while DePIN has weathered turbulent conditions, RWA has struggled to solidify its market position.
According to Artemis data, the RWA has been crypto’s worst-performing sector over the past month. With the weighted average of token FDVs (Fully Diluted Valuation) in the sector down over 28%, RWA has fared even worse than other beleaguered niches, such as memecoins and AI.
RWA’s poor performance in recent months defies market expectations. Prior to the approval of spot Ethereum ETFs in the U.S., traders were optimistic that ETH’s debut in traditional markets would be a boon for RWA projects across the market.
Since then, RWA tokens throughout the industry have struggled, suggesting that the ETH ETF approval may have been a ‘sell-the-news’ event.
That being said, it should also be noted that the RWA sector has vastly outperformed the market over a longer timeframe. Over the last year, the weighted average of RWA token FDVs has increased by 1,280%, an 883% increase over the average performance of all secto
Once touted as one of this cycle’s biggest sectors, RWA has underperformed in recent months. What lies ahead for Solana’s RWA projects?
Despite dominating other Layer 1’s in DePIN adoption and a growing number of DeFi metrics, Solana’s RWA (Real World Assets) ecosystem struggles to keep pace. Promising to bring tangible assets, like real estate, stocks, and precious metals onchain, RWAs are one of crypto’s most popular sectors in 2024.
Compared to rival networks, Solana faces a shortage of native RWA protocols, relying on multi-chain protocols to provide the bulk of onchain TVL (Total Value Locked).
WHAT CAN NETWORK PARTICIPANTS EXPECT FROM SOLANA RWA IN THE REMAINDER OF 2024?
In recent months, uncertainty has plagued market dynamics across the crypto industry. Geo-political tensions and TradFi disruptions have been major sources of volatility in the market. However, while DePIN has weathered turbulent conditions, RWA has struggled to solidify its market position.
According to Artemis data, the RWA has been crypto’s worst-performing sector over the past month. With the weighted average of token FDVs (Fully Diluted Valuation) in the sector down over 28%, RWA has fared even worse than other beleaguered niches, such as memecoins and AI.
RWA’s poor performance in recent months defies market expectations. Prior to the approval of spot Ethereum ETFs in the U.S., traders were optimistic that ETH’s debut in traditional markets would be a boon for RWA projects across the market.
Since then, RWA tokens throughout the industry have struggled, suggesting that the ETH ETF approval may have been a ‘sell-the-news’ event.
That being said, it should also be noted that the RWA sector has vastly outperformed the market over a longer timeframe. Over the last year, the weighted average of RWA token FDVs has increased by 1,280%, an 883% increase over the average performance of all sectors.What’s Next for Solana’s Struggling RWA Sector?
Once touted as one of this cycle’s biggest sectors, RWA has underperformed in recent months. What lies ahead for Solana’s RWA projects?
Despite dominating other Layer 1’s in DePIN adoption and a growing number of DeFi metrics, Solana’s RWA (Real World Assets) ecosystem struggles to keep pace. Promising to bring tangible assets, like real estate, stocks, and precious metals onchain, RWAs are one of crypto’s most popular sectors in 2024.
Compared to rival networks, Solana faces a shortage of native RWA protocols, relying on multi-chain protocols to provide the bulk of onchain TVL (Total Value Locked).
What can network participants expect from Solana RWA in the remainder of 2024?
RWA Sector Underperforms Amidst Market Turbulence
In recent months, uncertainty has plagued market dynamics across the crypto industry. Geo-political tensions and TradFi disruptions have been major sources of volatility in the market. However, while DePIN has weathered turbulent conditions, RWA has struggled to solidify its market position.
According to Artemis data, the RWA has been crypto’s worst-performing sector over the past month. With the weighted average of token FDVs (Fully Diluted Valuation) in the sector down over 28%, RWA has fared even worse than other beleaguered niches, such as memecoins and AI.
RWA’s poor performance in recent months defies market expectations. Prior to the approval of spot Ethereum ETFs in the U.S., traders were optimistic that ETH’s debut in traditional markets would be a boon for RWA projects across the market.
Since then, RWA tokens throughout the industry have struggled, suggesting that the ETH ETF approval may have been a ‘sell-the-news’ event.
That being said, it should also be noted that the RWA sector has vastly outperformed the market over a longer timeframe. Over the last year, the weighted average of RWA token FDVs has increased by 1,280%, an 883% increase over the average performance of all secto
