Silly folks

Why can't they do 50 😂

This did approximately 5x on launch from presale

Cheers to participants

Bidded $SURF at 3.8m fdv.

I've been waiting for this to launch

Why?
Unlike other neobanks, $SURF targets local QR payment rails in countries with the fastest crypto adoption like Vietnam, Philippines, Brazil, Thailand, Indonesia

ca: SurfwRjQQFV6P7JdhxSptf4CjWU8sb88rUiaLCystar


All a gamble for now, but one key point to note is that they are backed by @circle

Currently 14k+ on waitlist to use the SurfCash NeoBank platform

They raised $750k+ in presale with 190% oversubscribed.

Their treasury is governed by futarchy, and capped at a $25K monthly spend unless voted otherwise.

The team tokens only unlock after sustained market cap milestones.

This means team literally has to work for their bags and ensure they send this.

Altho Stardotfun isn't recognizable as Metadao, the launch of Surfcash could change everything for them

Talked previously on it already

SurfCashX is their first launch

Team only committed to $450k and refunded the rest

Bonk Guy also just shilled this, so it means we caught the wave and alpha early as we always do.

as promised on Dec 1, i have indeed started trenching again and expect to ramp this up in the coming weeks/months

i also promised that i will be (very rarely) sharing trades i really like in my journal here

while USELESS is high-conviction for me and half of the posts in this journal have been about it, i understand that some have gotten bored and want more journaling of my trades outside of it, degen or not

that said:

i want to provide a VERY STRONG AND CLEAR disclaimer before sharing any degen/trenches play here, however:

1. these plays are often new/degen/unproven, so they are very high-risk
2. there is a very high risk of these plays rugging or going to zero
3. in a lot of cases, these aren't high-conviction plays until proven otherwise
4. i might not practice my 'diamond hands' philosophy with these plays due to their degen nature; i will take profits/cut losses aggressively if my thesis get invalidated, and i might not always update my journal here when i do
5. these are likely to be extreme low cap tokens and there is a risk of extreme volatility due copytraders/bots tracking this channel FOMO'ing, and if they sell shortly after buying then it's ultimately up to the project's fundamentals if it goes back up and make new highs

in other words, trenches/degen plays are extremely risk and could result in you losing ALL of your money if you buy them because i said i bought (me journaling that i bought does not mean you should buy; i will always be super explicit about what i think ppl should buy)

there are plays that i have super high conviction in and shill directly e.g. $USELESS (or any other high-conviction memecoin/utility plays i actively and regularly shill) — and in a lot of cases i will be compounding wins/profits from degen/trenches plays into high-conviction plays

and then there are these degen plays that i think could have potential but needs time to prove themselves

this does not mean the degen plays are doomed to fail — diamonds are always found in the rough. it simply means they're high risk and should be treated as such!

i'm intentionally including such a lengthy and boring disclaimer/warning because i want to be super clear about the nature of these plays and i do not want anyone whining (like many do) if they follow me into trading these and get burned

with my lengthy/boring/annoying disclaimer out of the way, a token i bought and really like today is SurfCash:

https://dexscreener.com/solana/ez1qyec95xjrwpa9sr7ywc1h1tj43exjr91qqkf8puu1

i want to be clear that i'm still DD'ing the project, but here are the key reasons i bought:

- it's apparently a borderless crypto banking dapp: this is a narrative that is starting to catch on recently and one that i significantly underestimated. a notable example of a similar play is $AVICI, which a lot of respected trencher friends repeatedly asked me to buy and i faded to my own loss. it hit ATH of $90m and is sitting at $50m right now. so clearly there is a market for this
- SurfCash claims to be backed by Circle. i'm still doing my research to confirm the veracity of this
- founders have a history of being involved with pretty strong organizations, winning Solana hackathons, 2/3 founders followed by Solana, etc. so while my DD is not yet complete, this makes me that the risk of it being a larp is low/makes me feel safe enough to 'gamble' a small amount i'm comfortable with losing until i've done more DD
- market cap at the time of writing is $2.6m, so a bit on the low end for a utility play if it ends up not being a larp and gains traction

to conclude: this is NOT a shill, and certainly not a recommendation to ape, but more a journal type post. if you ape you do so at your own risk, and i'm intentionally publishing this without proofreading to keep with that style. if there is interest in me sharing/journaling more of this kind of trades, lmk and i will think about it

$STAR also feels an alpha play as it's the launchpad token and deserves to be repriced higher than it's first launch

2dPkLQi1WLkrbQbBAS9d8GHARF4oWQXFXrUbMq7bstar

Tickers are $SURF and $STAR

Now 5.4m mcap
Double digits?

$SURF holding fine

$DONUT back at 2.4m mcap

Heard team cooking stuffs

Let's see

$SURF hit 6.8m mcap

Showing really good strength

Anything below 10m is still cheap in my opinion

We will see if I'm right on this

Circle yet to openly interact with them even though they are backing it

And yeah... mcap is 50% of this valuation on dexscreener

So it means we are actually in regions sub 3m mcap if we think about it

Very cheap

3m mcap hit on this
Send higher ✋️

Kapo just liked my tweet on the new gems i hold and they are no other than $SURF, $DONUT, and $STAR

Send all higher

The Legend just followed me after liking that post, and i must tell you something

He's heavily bullish on a particular one amongst the 3 coins.

The round coin i guess

Kapo was also part of the Priceless Geng that ran from 1.8m to over 40m.

So I'm seated 💺

$6m tapped once again

Below $10m is cheap

This is backed by CIRCLE of USDC.

Imagine they quote this or make a comment on SURF?

How about if the surf app goes live and it becomes an absolute banger

Higher

Someone asked... "but sir, it's s showing the token is mintable"

Alrt so lemme explain why this is long term bullish and not the way it feels on your normal launched tokens you see everyday 👇