bibi managed to TP +$5.56k, still a long bounce to go from the memory madness
relay bridge is impossible so I used the Arbitrum one
takes 15 minutes and slippage is less than relay
takes 15 minutes and slippage is less than relay
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
buckle up
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
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
❤3
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$35m -> $140m
flow state while I wait for Robinhood listing
carry on
flow state while I wait for Robinhood listing
carry on
❤6🔥4🤯4