Patryk

Director of Research @serotonin_hq • Prev: @MessariCrypto • Nomad 🌎

[Patryk @Solofunk]

https://t.co/WNXbD5Q4mH

[Patryk @Solofunk]

@MattFiebach 💯

[Patryk @Solofunk]

@0xdaft @anildelphi I enjoyed reading over the slides yesterday.

Nice work, and good article recapping the takeaways 🫡

[Patryk @Solofunk]

@BobLoukas Loukas mode activated 💥

[Patryk @Solofunk]

Played @defiapp Rocket Perps in beta and preferred it over @hitdotone.

> It allowed me to pick the direction of my 1,000x trade (via @Aark_Digital)
> You earn $HOME by tapping the screen. Kept me engaged with an open trade

So much talk about consumer crypto. I like this one 🚀

[Defi App @defiapp]

The Rocket Perps Tutorial just went live.

Every mechanic, how to play, and how to earn HOME even when you aren't lucky.

Rocket Perps opens to everyone Friday, June 5. Our rocket scientists needed one more day to polish the engine.

Read the player's guide on the link below.

[Patryk @Solofunk]

@AvgJoesCrypto @andy8052 @GrailCo Cool concept, but are these two cards worth $500k? Definitely not.

A token like this becomes tied to the underlying, it won’t emerge as both a token with the underlying floor and a memecoin premium, not to mention the market would have to pick it as THE memecoin for that person.

[Patryk @Solofunk]

@AvgJoesCrypto @kunalgoel Good one

[Patryk @Solofunk]

@defiapp 🚀

[Patryk @Solofunk]

@omgcorn @uhr3al @FIFAWorldCup @USMNT @FOXSoccer @PlayWLS You should play with us too. Will be a good group 👀

[Patryk @Solofunk]

I'm hosting a World Cup bracket challenge for those in the cryptosphere!

I did the same for the Copa America x Euro Cup in summer of 2024. Everyone loved it.

Buy-in is TBD but will be between $50 to $100 USDC. DM if you'd like to join!

🇺🇸🇲🇽🇨🇦🇦🇷🇦🇹🇦🇺🇧🇪🇧🇦🇧🇷🇨🇮🇨🇴🇨🇷🇩🇰🇩🇪🇨🇿🇪🇨🏴󠁧󠁢󠁥󠁮󠁧󠁿🇪🇸🇫🇮

[Patryk @Solofunk]

Fantasy Football x Crypto

For any crypto professionals and degens who enjoy fantasy football, DM me 🏈

I've run leagues for over a decade, including at @MessariCrypto. Cooking up a new league. Looking for a few more people!

[Patryk @Solofunk]

@Notnanoturner 💯

https://t.co/QdJbTWLHfC

[Patryk @Solofunk]

Hot take - now is the perfect time for @HyperliquidX to conduct a second airdrop.

Price relative to bitcoin has been up only since TGE in November 2024. Demand for hyperliquid:native has outstripped supply, resulting in a near-doubling of price over the past two weeks with no end in sight.

Fears surrounding airdrop selling are overstated. The benefits will outweigh any short-term selling pressure that would be easily overcome in these market conditions.

44% of supply is pending distribution as "future emissions & community rewards." This is why a second airdrop would be beneficial:

> The biggest knock on Hyperliquid is its lack of decentralization. Broadening tokenholder distribution would help on that front and allow the validator set to expand further.
> The generosity of the first airdrop contributed to Hyperliquid's post-TGE success by creating the most loyal community in crypto. A second airdrop would have the same effect, but this time, for a much wider base of users.
> Speculation on a second airdrop has boosted protocol usage and realized revenue for 1.5 years. An airdrop today would have the same effect in the following years, particularly for newer products, and could result in entirely net-new users given today's level of awareness.
> @chameleon_jeff would continue his run as the most based founder in the cryptosphere.

The main argument I can make against an airdrop is that it could hurt institutional adoption by increasing uncertainty around sell pressure and future distributions, which the core team may be reluctant to risk given today's level of interest.

However, I think that is too conservative, and the team may have ultimate confidence, not fear, in making the decision to conduct a second airdrop.

If I had to wager, this is the path they will eventually take.

Hyperliquid.

[Patryk @Solofunk]

@x256xx No, I mean just the dumping, hence why it was down from $2 to $0.25.

The FDV is still $4B and it’s in the top 50.

Who knows though, RWAs are hot.

[Patryk @Solofunk]

@0xKmafia All the hints will amount to nothing /s

[Patryk @Solofunk]

@zera_chielo @0xbeiu And why should we trust this information from the crazy cat lady?

[Patryk @Solofunk]

@talkintokens This is much lower than the risk free rate lmao

[Patryk @Solofunk]

@deepcryptodive @kpk_io Damn, everyone is launching liquidity protocols for RWA insta-redemptions!

[Patryk @Solofunk]

@defiapp $1,000 up to $1,300

[Patryk @Solofunk]

@BittexXBT @HyperliquidX Yeah, then it would rebound past ATHs later this year anyway.

That's my point. Market is ripe to eat up any short-term sell pressure over the medium-term for this asset, and the benefits of a second airdrop outweigh any bump created in the (price) road.

[Patryk @Solofunk]

Hot take - now is the perfect time for @HyperliquidX to conduct a second airdrop.

Price relative to bitcoin has been up only since TGE in November 2024. Demand for hyperliquid:native has outstripped supply, resulting in a near-doubling of price over the past two weeks with no end in sight.

Fears surrounding airdrop selling are overstated. The benefits will outweigh any short-term selling pressure that would be easily overcome in these market conditions.

44% of supply is pending distribution as "future emissions & community rewards." This is why a second airdrop would be beneficial:

> The biggest knock on Hyperliquid is its lack of decentralization. Broadening tokenholder distribution would help on that front and allow the validator set to expand further.
> The generosity of the first airdrop contributed to Hyperliquid's post-TGE success by creating the most loyal community in crypto. A second airdrop would have the same effect, but this time, for a much wider base of users.
> Speculation on a second airdrop has boosted protocol usage and realized revenue for 1.5 years. An airdrop today would have the same effect in the following years, particularly for newer products, and could result in entirely net-new users given today's level of awareness.
> @chameleon_jeff would continue his run as the most based founder in the cryptosphere.

The main argument I can make against an airdrop is that it could hurt institutional adoption by increasing uncertainty around sell pressure and future distributions, which the core team may be reluctant to risk given today's level of interest.

However, I think that is too conservative, and the team may have ultimate confidence, not fear, in making the decision to conduct a second airdrop.

If I had to wager, this is the path they will eventually take.

Hyperliquid.

[Patryk @Solofunk]

The @HyperliquidX rocketship reached $74 this morning, surpassing @dogecoin as the 7th most valuable digital asset.

Below are the price levels hyperliquid:native would reach at the circulating market caps of those still ranked higher.

BNB -> $429
XRP -> $371
SOL -> $214
TRX -> $149