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
today's wisdom
i keep returning to the tarot as a language of archetypes. the cards act as mirrors to the forces that shape the way we create, believe, and interact with the world. and if crypto had a tarot card it would be The Magician
The Magician sits before a table containing the four elements: the cup, the sword, the wand, and the pentacle. they represent the 4 forces involved in creation: emotion, intellect, will, and matter. above his head is the infinity representing the limitless nature of the mind and the endless potential of creation
one hand points toward the heavens while the other points toward the earth. he stands between the unseen and the seen and between imagination and reality. the Magician understands that creation is not the act of producing something from nothing rather it is the act of taking something that exists and translating it into another form (the alchemical principle that nothing is truly created or destroyed but only transformed)
every civilization, religion, movement, and culture has been built around symbols. a flag is only a piece of fabric yet people see an entire identity, history, and belief system within it. a word is only a collection of sounds yet it can inspire or destroy nations. the power comes from the meaning that consciousness gives to the symbol as it becomes a vessel carrying the emotions, beliefs, memories, and desires of the people who gather around it. once enough attention and meaning and energy are placed into a symbol it becomes powerful
memecoins are the same notion in digital form. they begin as symbols with no physical substance behind them as either an image, a name, a character, or a joke. at first it exists only as an idea shared between a small group of people but as attention gathers around it the symbol begins to transform
PEPE is a perfect example of this process. a simple frog image became a cultural symbol recognized across the world. the entirety of Trump's 2016 campaign used PEPE as a symbol for the "alt right" and its power came from the collective meaning that millions of people placed into it. PEPE essentially became a vessel for humor and identity and belonging. another example would be PNUT and if you look back historically you'll notice how powerful symbols can be
participating in crypto is playing the role of The Magician. you are interacting with symbols and participating in the process of deciding which ideas receive attention, belief, and momentum. beneath the charts and numbers is us gathering around, giving meaning to thought, and watching them take form
the Magician reminds us that creation begins with an idea, then you pour attention into it. what we choose to believe in, repeat, and empower eventually shapes and changes the world around us
i keep returning to the tarot as a language of archetypes. the cards act as mirrors to the forces that shape the way we create, believe, and interact with the world. and if crypto had a tarot card it would be The Magician
The Magician sits before a table containing the four elements: the cup, the sword, the wand, and the pentacle. they represent the 4 forces involved in creation: emotion, intellect, will, and matter. above his head is the infinity representing the limitless nature of the mind and the endless potential of creation
one hand points toward the heavens while the other points toward the earth. he stands between the unseen and the seen and between imagination and reality. the Magician understands that creation is not the act of producing something from nothing rather it is the act of taking something that exists and translating it into another form (the alchemical principle that nothing is truly created or destroyed but only transformed)
every civilization, religion, movement, and culture has been built around symbols. a flag is only a piece of fabric yet people see an entire identity, history, and belief system within it. a word is only a collection of sounds yet it can inspire or destroy nations. the power comes from the meaning that consciousness gives to the symbol as it becomes a vessel carrying the emotions, beliefs, memories, and desires of the people who gather around it. once enough attention and meaning and energy are placed into a symbol it becomes powerful
memecoins are the same notion in digital form. they begin as symbols with no physical substance behind them as either an image, a name, a character, or a joke. at first it exists only as an idea shared between a small group of people but as attention gathers around it the symbol begins to transform
PEPE is a perfect example of this process. a simple frog image became a cultural symbol recognized across the world. the entirety of Trump's 2016 campaign used PEPE as a symbol for the "alt right" and its power came from the collective meaning that millions of people placed into it. PEPE essentially became a vessel for humor and identity and belonging. another example would be PNUT and if you look back historically you'll notice how powerful symbols can be
participating in crypto is playing the role of The Magician. you are interacting with symbols and participating in the process of deciding which ideas receive attention, belief, and momentum. beneath the charts and numbers is us gathering around, giving meaning to thought, and watching them take form
the Magician reminds us that creation begins with an idea, then you pour attention into it. what we choose to believe in, repeat, and empower eventually shapes and changes the world around us
❤6👏2🔥1