AbsoluteDirt

Candles&Coins - BTC Class of ‘17

[AbsoluteDirt @AbsoluteDirt_]

$HYPE

Buy when others are fearful

[AbsoluteDirt @AbsoluteDirt_]

@that1618guy Any thoughts on @LaunchOnSF ? Considering their revenue numbers, I feel like they can produce a similar run to ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241. Would love to hear your take

[AbsoluteDirt @AbsoluteDirt_]

I’ll be the first to admit I bought $NET even tho I understand about 15% of the project.

Send it

[LB @lbexplorer]

You think RH chain is hot rn just wait until memestocks start having a material impact on the underlying equity.

Imagine a news story where a company rallies 50% in a day because of the buy pressure from a paired memestock which ran to $100m+

We are still in the very early innings.

This is going to get so much crazier.

[AbsoluteDirt @AbsoluteDirt_]

Hats off to the @avici team. Can't imagine how stressful the last day or so has been yet they managed to do the right thing and refund their customers

[Avici @avici]

UPDATE: Refunds are processed in full, with an extra 10% cashback.

The Solana contract has been updated. We haven't seen any further related activity, and we're constantly monitoring it.

If your Solana card balance was withdrawn a few hours ago, we've restored the full amount and added 10% cashback on what was withdrawn. Open the app and cross-check your balance.

Here's exactly what was affected and what wasn't:

1. This was limited to card contracts on Solana holding balances added through Avici's Top Up flow.

2. Your regular Avici Solana and EVM wallets were never affected. Those wallets are self-custodial and stayed under your control the entire time.

3. EVM card balances, onramps, offramps, and swaps were not affected.

4. Funds outside these Solana card-balance contracts were never exposed.

We made a very deliberate choice to keep your Avici wallet separate from your card balance. It's why you have to manually Top Up before spending. Combining both would've made the app easier to use, but we didn't do it because we believed keeping them separate was safer.

That separation is why this stayed limited to the affected Solana card contracts while wallets and everything else in Avici stayed untouched. That doesn't make what affected users went through okay. We're sorry for the stress and uncertainty this caused.

We're not proud that this happened. We are proud that Avici is built onchain, where balance movements are immediately visible and independently verifiable instead of hidden behind a private ledger. In traditional fintech, the number shown in an app can stay unchanged while what is happening underneath remains invisible. Here, anyone could see the movement onchain as it happened.

We're pushing the frontier of onchain finance, and that road was never going to be easy. Moments like this are painful and humbling, but they show us what has to improve and will make Avici stronger. We're not stepping back. We're going to keep pushing forward.

Rain, our card issuing partner, covered all reimbursements in full. Huge credit to their team for moving quickly, working closely with us, restoring every affected balance, and fixing the issue.

We'll publish a full postmortem once the investigation is complete.

And a huge thank you to every partner who jumped in immediately to help us through this: @solana, @raincards, @Helius, @MetaDAOProject, @zeroshadow_io, and @asymmetric_re.

Thank you for staying with us through the uncertainty and stress this caused today.

[AbsoluteDirt @AbsoluteDirt_]

My only negative on-chain position is solana:HxQhDGYqyjorgogMJx7YbBHADEDxuHhLnMMmr6VYpyn & I have no idea why this won't catch a bid. Any thoughts?

[AbsoluteDirt @AbsoluteDirt_]

Wtf? solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx wont be under $20M for long

[Stonk @LaunchOnSF]

Introducing memecoins paired with Football Clubs!

You can now launch memecoins paired with $PSG

The official fan token of Paris Saint-Germain F.C.
https://t.co/ZrHNs259fb

https://t.co/Lq5IOclcO9

Powered by @sunrise

[AbsoluteDirt @AbsoluteDirt_]

If that’s the bottom on ethereum:native I’m flipping my desk

[Pons @ponsdotfamily]

Over 63% of Robinhood Chain launchpad volume flowed through Pons yesterday

Let's win.

[LB @lbexplorer]

$PONS is next cycles ethereum:0x44ff8620b8ca30902395a7bd3f2407e1a091bf73

Virtuals launched in 2024 on Base and was a launchpad based around tokenising AI agents. In the space of 80 days, ethereum:0x44ff8620b8ca30902395a7bd3f2407e1a091bf73 went from 0 to $5B FDV.

Early revenue numbers for Virtuals match $PONS very closely. Both saw early traction and had 300/400K days before a period of consolidation where people doubting whether this was something sustainable.

After a few weeks of consolidation Virtual saw a significant increase in volume (similar to what we are starting to see with RH chain).

What followed was a two month period of incredible volume where ethereum:0x44ff8620b8ca30902395a7bd3f2407e1a091bf73 had $1M+ revenue days and topped at $5B MC.

While I think the timeframe for $PONS to hit $1B will be longer and the multiple of revenue will be lower (Virtual traded at P/S of 15) the pattern is clear....

If RH chain adoption continues, there is no doubt $PONS will have $1M+ revenue days.

Now lets say launchpads trade at a 10x multiple of revenue during peak bull ($PUMP currently at P/S of 6 which is also incredibly low imo). This would put $PONS at $3B FDV. A 30x from current valuation.

The path for $PONS is obvious.

All you need is a bit of patience.

[AbsoluteDirt @AbsoluteDirt_]

I mean look at this. Every single pump is followed by an immediate retrace. Unbelievable

[AbsoluteDirt @AbsoluteDirt_]

Is it me or does no one know how to hold solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx eco coins? Every single pump gets sold off

[AbsoluteDirt @AbsoluteDirt_]

Happy ATH for those who celebrate solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx

[AbsoluteDirt @AbsoluteDirt_]

Idk. Looks like something @theunipcs would ape... Only a matter of time

solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx

[Winter Stoner @capitalgain_07]

Since its launch, the @LaunchOnSF platform has generated just over $1 million in trading revenue, with a total trading volume of approximately $328 million.

Around $585k of that has already been deployed to buy back $STONK on the open market, with roughly 98 million tokens repurchased.

In my view, this mechanism will continue to gain momentum, and we will see a Soros-style reflexivity effect unfold.

It works like this:

People look at the current metrics
> They think the token is undervalued
People buy in, pushing the price even higher
> The metrics follow suit and show further growth
People once again think the token is undervalued
> They start buying again

And this will keep repeating until we reach full-blown mania in the meme + stocks sector.

[AbsoluteDirt @AbsoluteDirt_]

Please name another project doing cooler things than solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx PLEASE

[Stonk @LaunchOnSF]

Introducing memecoins paired with Collectibles!

You can now launch coins paired with Pokemon cards

https://t.co/STPxPcTGgB

Paired with $SV151, which represents tokenized shares of sealed Pokemon SV151 packs, the set featuring the original 151 Pokemon, the OG heroes of the game.

Every $SV151 token is backed by real packs held in custody by @BedrockFndn.

Powered by @sunrise

[AbsoluteDirt @AbsoluteDirt_]

@The__Solstice What's your thesis behind this?

[Market Bubble @MarketBubble]

this time we take profit, not screenshots

[Aylo @alpha_pls]

How about a crypto cycle with supportive macro (financial repression, weaker dollar, rate cuts, fed balance sheet expansion) whilst we have the hardest, scarcest money ever created, and scalable mature tech with apps in their eat the financial world adoption phase, doing millions of dollars in revenue daily, and everyone else with fat AI P&Ls, or those who pivoted to AI late, now have to chase for exposure to the most reflexive asset class in history.

[AbsoluteDirt @AbsoluteDirt_]

BNB and Base is giving us an amazing buying opportunity for RH coins

Don't fall asleep at the wheel, higher.

$PONS

[AbsoluteDirt @AbsoluteDirt_]

Didn’t buy enough $PONS on that pull back to $31M

Praying for a retest