Near's Notes ✍️
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sharing my notes, trades, writing, and conviction.

believe half of what you see, and nothing of what you hear.

https://x.com/nearisbuilding
only TG @vanillanear
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closed all my positions

taking a break from trading

need an $ANSEM stimmy at this point to bounce back 😭

we keep moving forward
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took a gamble here on $bibi @ $11M

binance mascot, 70% held by binance alpha wallet

binance's 9th anniversary in 7 days and they're sending out a care package with bibi plushie so expecting more posts / possible CZ interaction

rumors are the plushie would be sold separately as well

binance member replying to $bibi posts https://x.com/sisibinance/status/2074526719353016653?s=20

no wins on equities lately so return to tradition

it either goes to $50M or $0 no in between
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0x0b6d8934fc8838b1027b510364a2087317bd4444
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send it
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Robinhood seems to have a lot of juice
bibi managed to TP +$5.56k, still a long bounce to go from the memory madness
looks like cash cat is gunning for $100M+
relay bridge is impossible so I used the Arbitrum one

takes 15 minutes and slippage is less than relay
whole bullcase around robinhood chain is retail gets to buy in-app
even if you’re not buying cashcat keep in mind it goes to 100-200M+ and it’s easy mode again this summer

buckle up
no way
$100m
juice it
not selling all of my $cashcat just yet. built an LP position yesterday to get back initials through fees

the pool is backstopped by $4M ETH while forward upside into a 2x only needs around $1M of additional demand

it's extremely thin and clearly being market made which means relatively small flows can have a disproportionate impact on price from here

add in the Robinhood distribution angle: millions of retail users who are already comfortable throwing size into options and speculative assets and the demand side could get crazy

obviously still a high risk setup but the asymmetry is there. if you'd hate watching it 5x or 10x without a position then take a shot and just respect the risk with a 30% stop
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