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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$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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$35m -> $140m

flow state while I wait for Robinhood listing

carry on
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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
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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
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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
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physiognomy tells you all you need to know
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enough bull posting, back to work
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got 5 mins to spare and a cup of coffee? new optimist research article just dropped

https://x.com/optimist/status/2075611854068752610
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don’t think we’re even in the first innings yet

you still can’t withdraw ETH directly from Binance or Coinbase into Robinhood

the rails aren’t open so position accordingly and sit on hands

gn
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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
$35M to $200M

holding my entire day 0 bag

LP’d to pull out my initial through fees

no idea how to play it from here but I’m aiming for glory
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following the previous notes around the kabbalah, the unseen becoming seen, and the magician archetype of creation through symbols and will, there is another principle worth exploring: equivalent exchange

fullmetal alchemist popularized the idea, but the mystery behind it is much older and much deeper. alchemy was never simply about transforming lead into gold rather the deeper pursuit was transformation itself, the process of refining something imperfect, in this case ourselves, into a higher state of being

in kabbalistic thought, creation requires vessels capable of holding divine light. but when the light exceeds the capacity of the vessel then the vessel simply breaks. this breaking is part of creation itself and through the fragments something new can emerge

ambition follows the same law of equivalent exchange. every person trying to become something greater is expanding their vessel. but expansion always requires an exchange. you trade your days for mastery, you trade your comfort for growth, and you trade your certainty for possibility. in most cases, unknowingly, you sacrifice friendships, relationships, your health, your youth, and the simple peace of mind that is living without the constant feeling of chasing something more

watching marty supreme also highlights this idea back as the entire essence of marty was the hunger to escape where he started, to prove himself, to become someone unforgettable, and I think it is one of the strongest forces a person can possess, but the same fire the same hunger that achieves can also consume the person carrying it

at some point, every ambitious person has to look inward and ask: am I building something greater or am i slowly destroying myself in the process?

the true alchemist understands that the greatest transformation is not becoming someone else entirely and that it is becoming more of yourself without losing the parts of you that began the journey in the first place
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good way to start the week but enough gambling for me
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