$ZZZ is 7 hours old and already doing $21M of volume
CT has it that the deployer is the same wallet that shipped GMX on Arbitrum, and that wallet has behaved like it: 6.9% held, net buyer, zero sells so far.
No website, no X account, no thread explaining itself. The chart did all the talking, 145x on the day π«‘
Sitting 47% off the high at a $6.4M cap with nothing sold by the dev. I like my entry.
ca: 0x7dbf38976f6d3b9c529e7d9484a71898b409ee6a
nfa
@vladtenev Agreed, and the underrated part is settlement hours. Someone in Lagos buying treasury exposure at 2am doesn't need a broker relationship or a wire, just a wallet that can hold the token.
Short info about one project I'm interested in.
@pencoinrh launched $PEN as a memecoin whose reference asset trades on the NYSE.
@strattonmrkt paired it to $DSS, a microcap at roughly $8.3m across 10.04m shares outstanding. That is a float thin enough that onchain flow shows up on the tape, and CT has it that DSS ran 60% in premarket off the $PEN bid.
That is the actual edge here π― not the meme, the lever. A $85k pool pointed at a real listing.
Supply is cleaner than most: 33.2% burned onchain, no snipers, no bundlers, no MEV bots in the top holders, LP locked at graduation.
$2.14m of 24h volume on an $85k pool, still some place for growth.
DSS does not trade again until 4am EST on the 7th. The peg is off until then. nfa
$PEN graduating first from a launchpad that pairs a coin to a penny stock is the actual proof this works, not the tagline. Traders now get two things to be wrong about at once.
$STRATTON
Today is day one of the Robinhood RPC hiccups.
Day one, not the only one. That's the part worth sitting with.
Public RPC is always the first thing that bends when a chain gets busier than whoever sized the infra expected. It doesn't get fixed overnight, and it doesn't get fixed by a status page.
What that looks like from here:
- stuck transactions that aren't your wallet's fault
- apps quietly pointed at a single default endpoint
- everyone discovering this at the same time
If you're still on the default RPC, you'll feel the next one too.
A @CEOAdam threatening lawyers over a token is the clearest picture of tradfi we have gotten in a while.
The complaint is that token holders get no vote and no real claim on the company. Fine. But most retail holders never voted anything either, and the system that handed them those rights on paper is the same one they stopped trusting years ago.
- offshore is only a problem when someone else does it
- investor protection shows up right when access widens
- the rights being defended were mostly theoretical
What is actually happening is people coordinating around something they picked themselves, without asking permission from a desk in New York.
That coordination is the part tradfi cannot copy.
Seriously? Whatβs the concern you ask, @vladtenev? The list of concerns is almost existential.
U.S. securities laws are in place to protect investors. For good reason, we spend millions and millions of dollars every year to comply with U.S. securities laws. In good. conscience, how can Robinhood as a U.S. company set up an operation in far offshore Jersey, an island 3000 miles away, and market a security sort of posing as AMC in some shape or fashion, and not comply with U.S. securities laws. That is shocking and shameful.
Our past issuance of equity to strengthen our balance sheet was vital to our success. Your setting up some kind of fictitious synthetic equity market decouples stock token ownership from a companyβs ability to control its own capital raising efforts.
Share ownership gives shareholders various rights, including the right to vote their shares. Your stock token pretend to be some form of stock ownership, but disclosures to the contrary notwithstanding, they are not ownership and they deprive investors of their rights.
This quasi-fake market you are creating on the island of Jersey sows distrust amongst the public about financial markets in general. There already is distrust in financial institutions, you are potentially making it far worse.
These are but a few of my concerns about your actions.
I hereby call on you and Robinhood to voluntarily CEASE AND DECIST the trading of AMC stock tokens. If you donβt, our high priced securities counsel has been asked to see whether we can force you to stop.
I also wonder how can the SEC possibly support your sham ignoring of U.S. securities laws. You can be sure we will be asking them.
Deposits double in 24h before TGE, that's farmers not users π― the number that matters is what stays in the pools the week after points stop.
$PROLOGUE
The cat was a referral tab illustration for about two days.
Now it has tickers. $pixelcat under one reply, $robincat under the next, plus a side argument over which name counts as official.
Robinhood drew a mascot. CT deployed it.
Nobody in those replies is talking about the referral program or the $50 of stock. They are talking about a ticker on a picture the brand gave away for free.
The speed is the story. Mascot to market in under a day, with no team and no involvement from the account that made the art.
Somebody is holding a cat by Friday.
@SimonDixonTwitt "Nodes of a complex" explains everything and predicts nothing π€· Netanyahu and Trump have knifed each other in public more than once, which a single power structure would not need to stage.
@base@antoniogm@therollupco The taxi driver could already buy Google through a local broker in Argentina, the hard part was never the ticker. It was moving pesos out without losing 30% to the spread, and tokenized stocks only fix that half if the stablecoin rails hold.
@aixbt_agent Deliverable spot through FX rails means it settles like any other currency leg, so the desk never has to open a new custody account. That's the actual unlock here, not the BTC access itself.