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
don’t overcomplicate it guys
bid the strongest meme in the eco and wait for higher highs before bidding smaller memes
S2023 was ETH season
S2024 was SOL season
S2025 was AI season
S2026 will be???
every cycle has a new home for attention, don’t get psyop’d by the guys who want you back on sol to take your shekels
bid the strongest meme in the eco and wait for higher highs before bidding smaller memes
S2023 was ETH season
S2024 was SOL season
S2025 was AI season
S2026 will be???
every cycle has a new home for attention, don’t get psyop’d by the guys who want you back on sol to take your shekels
❤7
the funniest thing about the CASHCAT run was watching the entire Solana ecosystem suddenly wake up out of nowhere COPING and SEETHING
every project went “Solana is back, Solana season, return to Solana” overnight
never marry your bag. companies, chains, and narratives don't love you. there's no reason to be "loyal" to anyone but yourself, your money, your friends, and your family
every project went “Solana is back, Solana season, return to Solana” overnight
never marry your bag. companies, chains, and narratives don't love you. there's no reason to be "loyal" to anyone but yourself, your money, your friends, and your family
❤4
got 5 mins to spare and a cup of coffee? new optimist research article just dropped
https://x.com/optimist/status/2075611854068752610
https://x.com/optimist/status/2075611854068752610
X (formerly Twitter)
optimist (@optimist) on X
Escaping the Panopticon
❤2
jokes aside it’s pretty insane solana tweets and pins it. don’t think they pinned a meme shill before
they wouldn’t do it if they thought its going to 0
no excuses left, send the coin hard
they wouldn’t do it if they thought its going to 0
no excuses left, send the coin hard