🤖xt🤖d🤖

professional gas spender | bespoke options trader

[🤖xt🤖d🤖 @0xt0d0]

If you did the same with HYPE, then it'd be believable. But, as is, it's obvious you're trying to pump your bags

[DeFi^2 @DefiSquared]

Seems like a lot of people haven't fully pieced together why Virtuals is one of the ecosystems experiencing aggressive vertical accumulation right now, so I'll go into it in depth:

Typically this occurs when funds and VCs lack exposure despite a clear narrative, resulting in a consistent and price insensitive catch up bid. In this case, due to the project’s last raise being in 2021 before pivoting to AI, many of their VCs vested and sold their allocations prior to this cycle, likely believing it was a dying gaming project. This is perhaps one of the craziest pivots I've seen in the space, because now by practically all metrics including ecosystem growth, sophistication of tech, and a significant first mover advantage, it is likely to be the central pillar of the entire agent meta.

The value model here is on par with top L1/ecosystem pricing, because VIRTUAL is the currency for all pools and fees of the ecosystem, while simultaneously being the forerunner of a completely new meta. In other words, this essentially checks every box that funds are looking for: a liquid ecosystem play that is the leader of a massive/innovative new narrative that is likely only going to grow from here. Common consensus from analysts I've talked to seems to be that pricing should at least be on par with networks like Bittensor in the short term.

Due to how long its been under development, the tech here is extremely comprehensive. I mentioned previously that I would cover it a bit more in depth, so if you’re not interested in the technicals, feel free to skip this section. At a high level, it operates as a modular system where each component to be customized and improved freely. The onchain components include the following:

- Agent Tokens: ERC-20 tokens with taxes on swaps going to buyback and burn the tokens.

- Contributions: All validated contributions to an agent are stored as NFTs in the Immutable Contribution Vault, allowing a historical record of key contributions to be kept onchain.

- Governance: Voting power is held by LP stakers, allowing them to validate contributions as part of the agent subDAO mechanism.

- Revenue flow: As agents get used in third party apps, inference payments are made in VIRTUAL to the agent wallet.

And the off-chain components include:

- GAME framework: One of the unique selling points enabling agent-to-agent interaction. Also allows agent builders to fully distinguish their agent with custom functions to add different specialized skills. Akin to a marketplace of services, provided by different agents via permissionless API (with an onchain pricing)

- Model inferencing: Using a mixture of centralized and decentralized GPUs for optimal latency.

Essentially, the setup allows for agents to be limitlessly creative and interactive, which will lead to future agents that are exponentially more advanced / creative than what we’re already seeing. In the short term, I think it's likely we see new economies emerge from users and agents transacting with other agents, who are able to offer insights and services in exchange.

The current Virtuals agent tech has been live for about 1.5 months, and during this time has seen 11,600 agents created, $1.5B in trading volume across agents, $25M of protocol revenue, and 175,000 unique wallets holding agents. With individual agents in the ecosystem already fetching market caps in the hundreds of millions, the current valuation of the ecosystem token still seems likely to be significantly undervalued.

Similar to L1s, all agents are paired with VIRTUAL in liquidity pools, and VIRTUAL is used to pay for computing and other fees on the network too. Meaning that ecosystem growth directly fuels the buying of the ecosystem token itself. Additional upside remains from the fact that the token still hasn’t been listed on Binance or Coinbase spot markets yet, and has proven tradfi attention, adding to the already asymmetric nature of the play.

[🤖xt🤖d🤖 @0xt0d0]

@Tariq__Haji @donalt sometimes you have to delay the flight to kick out problematic passengers. then the flight takes off

[🤖xt🤖d🤖 @0xt0d0]

@worstcontrarian @RedactedAeon they too are degen gamblers, that's why jane street lost almost a yard during luna

[🤖xt🤖d🤖 @0xt0d0]

@0xbeans I sniped it for 20$ total though heh

[🤖xt🤖d🤖 @0xt0d0]

@0xbeans I lost 3 eth on you last year beans, I believed in you. held my 0xbeans FT bags to 0

[🤖xt🤖d🤖 @0xt0d0]

@TheCryptoNexus is it just me or did they give 2.7~ hype per point instead of 5.3?

[🤖xt🤖d🤖 @0xt0d0]

@MajesticQuant only if you are gay

[🤖xt🤖d🤖 @0xt0d0]

Putting this as a self-reminder.

A couple of months later when alts are bleeding again and the price of UNI is in the dirt (relatively, could be at the beginning of a new cycle), UNI will be great to accumulate for the unichain narrative next year

[Uniswap @Uniswap]

Introducing @unichain — a new L2 designed for DeFi ✨

Fast blocks (250ms), cross-chain interoperability, and a decentralized validator network

Built to be the home for liquidity across chains

[🤖xt🤖d🤖 @0xt0d0]

When the DOJ news dropped, price didn't even move down iirc.

I don't know if that's what's happening or not, but it's important to remember structured and persistent selling is not easy to interpret

[🤖xt🤖d🤖 @0xt0d0]

in 2023, we had heavy spot selling on BTC around 25k. Everyone was bearish because they thought Binance DOJ lawsuit would drop and BTC would go to 20k.

Behind the doors, it was Binance (or CZ) selling some of their stack for the DOJ settlement. once it was over BTC mooned

[🤖xt🤖d🤖 @0xt0d0]

@lBattleRhino Ngl that’s gay

[🤖xt🤖d🤖 @0xt0d0]

translation: I missed the other meme runs, let me get in on this one

[Andrew Kang @Rewkang]

Bithumb has become a major driver of markets this year - playing a large role in the moves of ONDO and WLD from Korean spot buying

Mew just became #3 in volume behind BTC and USDT

[🤖xt🤖d🤖 @0xt0d0]

@art_xbt @0xENAS happens when most of the flow is from big traders and not retail/etc.

[🤖xt🤖d🤖 @0xt0d0]

@ieaturfoods why not TAIKO and/or OMNI? they fit the description too?

[🤖xt🤖d🤖 @0xt0d0]

@beniduboss I predicted/betted-on everything there except the meme craze on Tron. how did you foresee that one beni?

[🤖xt🤖d🤖 @0xt0d0]

can't wait for the august bottom

[🤖xt🤖d🤖 @0xt0d0]

@BlankBrainTrade difference being that zro has some entity doing this and zk doesn't

[🤖xt🤖d🤖 @0xt0d0]

can't wait for the august bottom

[🤖xt🤖d🤖 @0xt0d0]

@VexTxs for sure, but without big participants from binance/bybit, PA becomes erratic

[🤖xt🤖d🤖 @0xt0d0]

From the looks of listing announcements ZK might not have an MM deal. Will be interesting to see the PA, it might be a grind downwards or a surprise pump