2poyDev

Co-Founder of degens | CEO of exit liquidity

[2poyDev @2poyDev]

Update

@TheIndexFi
redeployed both sites https://t.co/nrF5JskvzY and https://t.co/kAwfeqHojK quietly switching the footer from LLC to Inc. Our semi-meme project looks like it's moving toward something serious.

[2poyDev @2poyDev]

I keep watching the sentiment around a possible $INDEX listing on @RobinhoodApp, but honestly, I do not think it happens within the next month.

The token in its current state is not fit for a listing:

Not enough liquidity
The reflection model and security-token vibes
BUT it is not that bad.

Inside the $INDEX token contract there is no reflection baked in. The 3% fee is a constant on the pool.

Dividends are paid by a separate replaceable distributor: last cycle it sent 18 tokenized stocks to 2814 wallets. The team already swapped the distributor 4 times in July.

And on July 28 they did something almost nobody noticed: ownership of the token, the treasury and the distributors got consolidated onto one cold key 0x02d9e763154977e2aae47a3a61d940ffe0238fd0, which has not made a single transaction since.

The path to a listing as I see it: pump the liquidity and pull degens into trading the token, obviously.

And the current architecture allows paying dividends to any wrapper the team comes up with. By the way, their gINDEX spam trolling might be the hint at exactly that wrapper. Wrap your tokens, you receive stocks. Stay unwrapped, you hold clean exposure. $INDEX becomes a token with no yield promises: not a security, a listable asset.

If I read the situation right, the signals to catch this before any announcement: a new distributor deploy, a wrapper contract accumulating $INDEX, or the first transaction of the cold key.

Maybe I am missing something. If anyone has thoughts on how $INDEX is preparing for listings, or you think it is impossible altogether, drop them below, curious to compare notes.

[2poyDev @2poyDev]

@RobinhoodApp One important caveat: everything above is pure onchain data. $CASHCAT perps are already live, and whatever this entity does there, hedging the spot with a short or stacking leverage, is invisible from the chain. Part of the picture is now hidden from analysis

[2poyDev @2poyDev]

Update on these wallets after the $CASHCAT listing

Two of the three parking wallets untouched. 6M and 6.11M tokens sitting exactly where they were.

The third one moved 3.2M to exit wallet 0x70fdb91c8be4ba1bb791d88b3b492e39e40a1dff 2 hours 17 minutes after the @RobinhoodApp announcement. That wallet sells into the retrace, average $0.119, 6.4M tokens dumped so far. I checked every outgoing transfer: everything went to pools, nothing moved to other wallets.

The selling is live right now: another ~1.1M tokens left this wallet in the past hours, proceeds getting cashed out to ETH on a separate address.

Bottom line: about 30% of the position sold, 70% still held.

[2poyDev @2poyDev]

Wallet 0x3ad3ea19668e0f9f74eedfb03c00b85bfd94fab1 bought $306k of cash-cat:native in a single transaction. But that's just the tip of the iceberg.

I traced this buyer onchain:

▸ the buying came in sequential clips, ~16M tokens total, about $1M at current price
▸ everything bought was immediately spread across three freshly created wallets:
0xd5296929a819a8bf191828266715e5bab59a17a9
0x89dcdb39d397c3a4c7af33c6aa9d047a5097be24
0xfef84888d069051554afc8ff5d3ddc17aeb8df80
▸ not a single token sold from them. This is parking, not flipping.

Bottom line: in half an hour one player bought and parked 1.6% of the entire cash-cat:native supply.

Looks like someone is quietly taking supply off the market. The question is: preparing for what?

[2poyDev @2poyDev]

@coffee___xbt I am sure they will drop the reflection model. gINDEX!

[2poyDev @2poyDev]

cash-cat:native : followed, listed

index: followed, ...

$INDEX

[2poyDev @2poyDev]

Yesterday I wrote not to bleed capital in the trenches and not to get distracted from the best idea on the chain. Today one of the biggest catalysts for the cat hit: official listing on the @RobinhoodApp. One of the most explosive injections of liquidity and attention a token can get.

But there is one more catalyst that brings even more liquidity. A Binance listing

$CASHCAT

[Robinhood @RobinhoodApp]

New asset now available to trade in the app and on Robinhood Legend.

$CASHCAT (Cash Cat)

[2poyDev @2poyDev]

WTF??😆

[2poyDev @2poyDev]

Update on the launch bets.

Closed $CHWDR at 3x. $SKRMP is the weakest of the batch, giving it a bit more time, no upward move and I am out.

Honestly though, I keep feeling that our attention and money are being pulled away from the best idea on the RH chain, from cash-cat:native. While everyone was busy with the pools trade launch, the cat broke through $100M FDV.

And I cannot shake the thought that the Uniswap launchpad is some kind of red flag. Zero data behind this gut feeling, not a single number, but the feeling is there ...

Do not bleed your capital in the Uniswap trenches, degens. The best idea is sitting right on the surface. cash-cat:native is programmed to succeed

[2poyDev @2poyDev]

The launchpad from Uniswap itself goes live in an hour. There are a few beta bets here besides the alpha bet on $FRONG.

The list of @zacklabadie tokens (Uniswap's designer) is already floating around the timeline. Just adding the data those lists don't have:

$FRONG is the launch showcase: $9.3M cap, fair launch, creator holds 0% of supply. The RH winner wallets I track hold 8.6% and are not leaving. Not entering, the risk-reward is not convex enough for me.

$CHWDR is the middle child: ~$390k cap, but the creator still sits on 21% of supply (hasn't moved a single token yet) and the winners are barely in. Watching, took a micro bet on it.

$SKRMP is the cheapest of the three, ~$230k cap, 40x cheaper than the frog. The winners have only just started entering, the most attractive beta bet for me. Decided to degen a little.

DYOR.

[2poyDev @2poyDev]

$PONS already won?

[2poyDev @2poyDev]

@zacklabadie $FRONG: 0x6245e67affa44a23077f0ea7f981a8dc743a0c47
$CHWDR: 0xb358766827d7c704d3c52a57b5cf181d1b0ffc6c
$SKRMP: 0x0f68bee9880a41cdf9713c24358ffdb4756d53c2

[2poyDev @2poyDev]

The launchpad from Uniswap itself goes live in an hour. There are a few beta bets here besides the alpha bet on $FRONG.

The list of @zacklabadie tokens (Uniswap's designer) is already floating around the timeline. Just adding the data those lists don't have:

$FRONG is the launch showcase: $9.3M cap, fair launch, creator holds 0% of supply. The RH winner wallets I track hold 8.6% and are not leaving. Not entering, the risk-reward is not convex enough for me.

$CHWDR is the middle child: ~$390k cap, but the creator still sits on 21% of supply (hasn't moved a single token yet) and the winners are barely in. Watching, took a micro bet on it.

$SKRMP is the cheapest of the three, ~$230k cap, 40x cheaper than the frog. The winners have only just started entering, the most attractive beta bet for me. Decided to degen a little.

DYOR.

[2poyDev @2poyDev]

@ashcotXBT @ponsdotfamily @Uniswap @pools_trade feels like option two. aggregate first, replace later

[2poyDev @2poyDev]

An attention war is brewing here: @ponsdotfamily vs @Uniswap.

Today at 16:00 UTC @pools_trade goes live, the new launchpad from Uniswap.

Money on the RH chain does NOT believe $PONS keeps the lead, and it's leaving: the early PONS-gainer wallets I track pulled another $220k in the last 24 hours, and since late July they've shed 18% of their position. On a falling knife, no less.

I see this as a red flag for $INDEX: they didn't even get to plug into the fee flow from the $PONS partnership before a very strong competitor showed up.

Maybe $INDEX should just bend the knee to Uniswap???

No clue whose feed this ends up in, but I'd genuinely like to hear different takes:

Can $PONS compete with https://t.co/p8Gw9oInkp?
Can $INDEX get its inflows going?

[2poyDev @2poyDev]

Uniswap keeps concentrating its attention on Robinhood Chain.

Yesterday it shipped a brand-new product, Launches: a launchpad aggregator (Bankr, Pons, Long) right in the Uniswap app.
The Beta runs on exactly one chain. Not Ethereum. Not Base. Robinhood Chain.
The #1 EVM protocol is shipping new features exclusively on a brand-new L2. Looks like @Uniswap keeps getting closer to @RobinhoodApp ($HOOD).

A few facts on how deep it goes:

▸ Uniswap was inside Robinhood Chain before it was even born: the chain's first block dates to April 30, 2026, and the Uniswap stack was live in the closed network long before public launch. July 1 was the announcement, not the start.

▸ On July 27 Uniswap activated protocol fees for the first time in its history (THE fee switch, debated for years). The list covers 7 chains: Ethereum, Arbitrum, Base, BNB, Polygon, Optimism and Robinhood Chain. A one-month-old newcomer standing next to established L2s. The fees flow into the $UNI burn.

▸ RH is already Uniswap's #2 chain by volume after Ethereum mainnet. Volume is cooling off, though.

▸ Launches isn't the only debut: Continuous Clearing Auctions, Uniswap's new v4 token-launch mechanism, also landed on Robinhood Chain. Two product debuts in one week. I can't recall exclusives like this for any other EVM chain.

This doesn't look like a default L2 that dies the day incentives stop. It looks like a Base-tier story, a chain built to stay.

I expect an attention war between Base and Robinhood Chain. That could pull fresh liquidity in and pump both the flagship names and the new runners.

Are we still early? Will we see the second leg of Robinhood Chain's growth?

[2poyDev @2poyDev]

@KamilXTrader @TheIndexFi Also a thought: they could just launch a token on https://t.co/xnBtfSI1eF with fees routed to the treasury. Uniswap launchpad flow feeding the same flywheel, no deal needed.

[2poyDev @2poyDev]

What is @TheIndexFi actually building? I've spent days trying to figure out what to compare it to, and what the builders of anything similar are worth.

For now the core has no direct comp at all: a stock dividend protocol. Beyond that I see three directions, each with a comp FDV you can plug in:

1) A $VIRTUALS - style flywheel, but in RWA. Virtuals captured the AI-agent era's attention and sits at $560M FDV, having touched $5B at the peak of the hype. $INDEX just announced a Pons v2 hookup: stock dividends funded not only by their own token's volume but by the flow of the chain's biggest launchpad. This could be what captures attention in the RWA meta.

2) An Arkham-style intel layer ($100M+ FDV), but for stocks: SEC filings, insider trades, 13F, congress portfolios. Already live inside https://t.co/Bf0NhJLV4J. I don't think it's their end-goal product, more of an amplifier for the core, but the market has already shown what this class of service is worth.

3) A trading terminal for RWA wrappers. The comps speak for themselves: Lighter, whose infrastructure their terminal runs on, is a $2B FDV token. Ostium is valued at $250M before its token even launches. https://t.co/PHQu7nELBx already does ~$6M daily volume.
Plug them in: $560M / $100M / $2B / $250M. INDEX trades at $7M. The cheapest comp is an order of magnitude higher.

And my honest concern: can a project this young, on a chain this young, deliver all of it at once? I'm not ready to calculate target FDVs, because this thing is genuinely unique. I hope they focus on what they do best, RWA and tokenized stocks, and don't try to build everything at once.

[2poyDev @2poyDev]

$CASHCAT road to ATH???

[2poyDev @2poyDev]

Wallet 0x3ad3ea19668e0f9f74eedfb03c00b85bfd94fab1 bought $306k of cash-cat:native in a single transaction. But that's just the tip of the iceberg.

I traced this buyer onchain:

▸ the buying came in sequential clips, ~16M tokens total, about $1M at current price
▸ everything bought was immediately spread across three freshly created wallets:
0xd5296929a819a8bf191828266715e5bab59a17a9
0x89dcdb39d397c3a4c7af33c6aa9d047a5097be24
0xfef84888d069051554afc8ff5d3ddc17aeb8df80
▸ not a single token sold from them. This is parking, not flipping.

Bottom line: in half an hour one player bought and parked 1.6% of the entire cash-cat:native supply.

Looks like someone is quietly taking supply off the market. The question is: preparing for what?

[2poyDev @2poyDev]

@MarketVictim @ponsdotfamily @Uniswap @pools_trade @TheIndexFi Agreed, and v4 makes it permissionless a dividend hook plugs into any pool, no deals needed. The only question is who builds it and runs it up

[2poyDev @2poyDev]

@KunaSagbeHq @ponsdotfamily @Uniswap @pools_trade We have a retrospective analogy here. Raydium vs pumpfun. Spoiler pumpfun won

[2poyDev @2poyDev]

@CheesegotMotion @ponsdotfamily @Uniswap @pools_trade The @pools_trade terminal is already a live product. What's coming in ~17 hours is the launchpad from Uniswap

[2poyDev @2poyDev]

Quietly turned my whole page into $CASHCAT and $INDEX bullposting. Zero regrets.

Micro fact: while holding $INDEX I got drip-fed $10 worth of tokenized $NVDA stock.

At what point am I allowed to call @JensenHuang and ask for a GPU as a co-owner of the business?