Looks like the community is very thrilled about having a Chinese name 中文名 for @solana! (thank you core Solana team for the s/o to this community effort @toly@calilyliu@akshaybd)
Given such community enthusiasm, Trends is organizing a competition for community members to give a Chinese name to @solana with a prize pool of 100 SOL
Simply quote retweet this post with your proposed Chinese name for Solana to enter the competition
the best performing proposal tweet gets 66 SOL, and the second best performing proposal tweet gets 33 SOL, with 1 random participant gets 1 SOL (best performing can mean social media stats, traction on Trends, and many other things 👀)
The competition will start from now and ends at October 17, 2025 6am UTC.
让我们一起建造 世界的Solana 人民的Solana
1/How to play the strategy launches?
There is a 95% buy tax when each token launches.
So if you buy for 100, you receive 5.
That means you need a 20x just to be break even.
Each minute the tax is reduced 1% which means that around 80-85 minutes after launch we reach the 10% tax
Another CryptoPunk flywheel just launched.
Similar to PunkStrategy, their goal is to buy and sell punks, although they’re doing it in a slightly different way.
Instead of simply relisting, they run a Dutch Auction in their native token $PAST (Punk Auction Strategy).
The proceeds from the auction are used to burn $PAST. This should lead to more frequent burns compared to relisting.
$PAST doesn’t show any liquidity on Dexscreener, as it’s issued through a bonding curve. The spread funds the treasury (8% treasury / 2% team). Buying happens through their site, link below.
They’re already 89.5% of the way toward buying their first punk. $PAST is trading at a $1M market cap.
Newest Metaplex launch trading at 2mil mc (4.75% circ) meanwhile they raised $5mil from Paradigm, Solana Ventures, and Multi Coin Cap 🤔
The "Hyperliquid of Crypto Options" has a real nice ring to it.
$EXO looking very cheap
CA: EXoMAHnw2Gw5fXJTektedLJDVn9vn8tLTEQX7gHccQKR
We're adding a mother token to our NFT strategies, which will be MLSTRAT. Making changes today so the 10% fees for BDGSTRAT + future NFT strats that initially went to the platform instead go to buybacks/burns of MLSTRAT.
Initially, we didn't include a mother token since our target asset class is vast (eg. started with tokens). However, given user feedback, we think a unifying token is beneficial as the front runner for all Solana NFT strategies on our platform.
StablecoinX Inc. @stablecoin_x has announced an additional $530 million capital raise as part of its $ENA accumulation strategy.
To date, StablecoinX has raised a total of approximately $895M in PIPE financing, which is expected to result in a vehicle with over 3 billion ENA tokens on its balance sheet at closing.
This enhanced scale enables greater access to additional institutional channels, broader investor and third-party coverage, and the capacity to hire top tier leadership.
As with the initial PIPE raise, the cash raised via the PIPE will be used by StablecoinX to acquire tokens from a subsidiary of the Ethena Foundation.
The Ethena Foundation subsidiary will initiate an approximately $310 million buyback program over the next 6-8 weeks via third party market makers, reinforcing the alignment between the Foundation and StablecoinX shareholders.
The expected deployment rate of purchases is outlined in the section below this tweet, and is incremental to the buyback program from the initial PIPE financing transaction which has now been completed.
At current prices, the planned buyback program of this second PIPE transaction combined with the liquid ENA contributed to the PIPE by third party investors represents roughly 13% of circulating supply.
This is in addition to the initial PIPE financing which resulted in the acquisition of approximately 7.3% of circulating token supply over the last 6 weeks.
Importantly, as with the initial PIPE raise, the Ethena Foundation has the right to veto any sales of $ENA by StableCoinX at its sole discretion.
Once again, to the extent StablecoinX subsequently raises capital with the intent of purchasing additional locked ENA from the Ethena Foundation or its affiliates, cash proceeds from those token sales are planned to be used to purchase spot $ENA.
StablecoinX's treasury strategy is a deliberate, multi‑year capital allocation strategy that will enables StablecoinX to capture the enormous value of the secular surge in demand for digital dollars while compounding ENA per share to the benefit of shareholders.