Didn’t take long for this tweet to age. Quick little update: BTC broke through ATHs and ranged a little. ETH started moving too, but has slowed down a bit. SOL IS FINALLY BACK. I’m currently positioned in $BONK, $RAY, and also ($JUP, $JTO) the infra betas. Take a look at the charts. I’m focusing more on $BONK and $RAY because it’s similar to investing in business models like $HYPE: strong fundamentals, buybacks, growing platforms, and ATH revenue (but not ATH prices just yet). Of course, you can’t really make these bets without also believing in the teams behind them. I’ll leave you with some charts to study. Look into Raydium; powering the launchpad currently hold over 80% market share. That’s a significant chunk of SOL’s decentralized trading volume. What happens when stability in majors brings on-chain mania again? Don’t forget how wild SOL betas get when things heat up. BONK and Raydium are fundamentally strong plays if you believe that trenches are going to do well over...
Some Mid-Year Thoughts It’s two weeks into July, and unexpectedly, this month has been incredibly strong. To be honest, I thought we’d just be getting Bonk Szn for the rest of the summer and that general equities would start running in Q4. But it seems like this year, BTC treasury companies are front-running seasonality, fueling this run-up. BTC has been an absolute beast, making new ATHs supported by constant high inflows into the BTC ETF, mainly from BlackRock. This ATH run-up brought alts and trenches running together. Although volume in trenches still isn’t what it was pre-Trump era, with the Bonk Launchpad coming in hot, things are heating up. Surprisingly (or not, really—seems like the worst of summer is behind us), we’re getting multi-million-dollar runners daily. Just last week, trenches sentiment was lukewarm while waiting for the $PUMP public sale. Very interesting now seeing how the raise sold out almost instantly yet we're still seeing @bonk_fun dominance more than...
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