Luke

Wallet Sniper

[OhMyJack @OhMyJack]

The valuation gap makes no sense.

$INDEX: ~$ 12M market cap.
Ca:
0x56910D4409F3a0C78C64DD8D0545FF0705389870

$BACKED: ~$ 110K market cap.

Ca:

0x7168563B0E70124f0C7c0cF2F13a8D1861BAf4A5

Both are playing the tokenized stocks narrative rwa assets on @RobinhoodCrypto

The difference?

$INDEX distributes stocks to holders.
Most receive, dump, and move on.

$BACKED never lets the treasury leave.

Every buy and sell or the use of its prediction market or perps Dex grows a treasury of tokenized stocks that backs the token itself.

The floor keeps rising as volume increases AND as the underlying stocks appreciate.

Last week $INDEX did $30M in daily volume when @vladtenev started to follow the x account ;
If $BACKED had the same volume, a 3% fee would have added roughly $900K worth of tokenized stocks to the treasury… in a single day.
That means that the price of the token won’t ever go below 900K market cap.

On top of that, the @isBacked_ shipped in one week:
• @Uniswap v4 Hook
• Governance holders can vote which stocks buy next powered by @rialto_xyz
• Perps DEX powered by @Lighter_xyz
• Prediction Market

Four products. Four revenue engines. One treasury.

One model relies on hype.

The other compounds its intrinsic value every time people trade.

Risk/reward isn’t even close.

Yet the market is pricing @TheIndexFi at almost 100x the valuation.

So you’re paying 100x more for what is, in my opinion, an inferior tokenomics and revenue model.

[Luke @DegenLJ]

@vladtenev This shit 90% bundled, 100% a hack 😂😂

[Tendies @TendiesRH]

@vladtenev and both are hungry

[Luke @DegenLJ]

@cashcatfun Tech works, good stuff!

[Nasdog @NasdogOnRH]

Nasdaq: -0.7%

Nasdog: +6,570%

[Luke @DegenLJ]

@Jaileddotfun DDUM3DRXNULG

THGNXACTR3TP

[Luke @DegenLJ]

@QuickQuackSol @StakedBank I think it’s the accumulated rewards ready to be claimed across all stakers.

[Luke @DegenLJ]

@pussycattech

Invite codes:

A37A1628DE10
7E417B8CE0FD
48F9B2299CA4
F24B7A7249A4
9CFC21A9FF56

[Luke @DegenLJ]

@pussycattech gimme gimme

[Luke @DegenLJ]

@Burnt_Caper Hill giants bro

[Luke @DegenLJ]

@wapital3 😂😂😂😂😂

[prim @0xprimdotfun]

Had an idea for a tax token.

Ticker is $USA.

Buy tax of 3.8%.
Sell tax of 3.8%.

Proceeds from both taxes automatically buy another ticker called $ISRAEL, but nobody can sell $ISRAEL because it’s a honeypot.

I just realized this is a terrible idea nvm.

[Luke @DegenLJ]

@bleshgod Blesh, why aren’t you transparent about creating coins and pushing them on your followers to farm fees ? Nothing against it but transparency is nice.

[Luke @DegenLJ]

@solana EFvVPzMDaYtJLqv7bVhMLV7YkxVZp7CB9qpPtqWLpump

[Luke @DegenLJ]

@drube24 @doompost Raydium. Ca: PAYmo6moDF3Ro3X6bU2jwe2UdBnBhv8YjLgL1j4DxGu

[Luke @DegenLJ]

@0xDomike Radium I believe

[Phineas @Phineas_Sol]

Honestly, I wouldn’t even be mad if I got farmed like this.

the aura of this dude is unmatched.