Posted this a month ago. No one cared.
Now its 4x since then and I haven’t sold.
Holding for a much bigger outcome (think $PEPE & $DOGE) because this is a real meme with a cult group of holders
Check out the TG (be prepared to do pushups): https://t.co/OuV32JcV7c
You will not be able to buy $BTC below $70k for long
You will to be able to buy 2 digit $HYPE for long
You will not be able to buy $GIGA below $50mm for long
Act accordingly
Analyzing solana:63LfDmNb3MQ8mw9MtZ2To9bEA2M71kZUUGq5tiJxcqj9 wallet behavior: is the big one really owned by primarily normies?
I pulled every major exchange wallet onchain and the supply held on exchanges went from ~6% to >30% during the downturn (net of the Coinbase custody migration), netting an average of ~1% of total supply absorbed every single month on CEXes since the bear began. The best part? They’re not selling.
That’s ~7% of the $GIGA supply added via CEXes just this year. See the chart below for CEX accumulation since the bear market began in October.
There are 3 other things worth noting here
1. Accumulation is accelerating (the amount held in exchanges is growing, not shrinking. Q1 saw an average of 89M tokens a month and Q2 saw 113M
2. Accumulation appears quite price insensitive. On a monthly basis, the number of Giga tokens is trending higher, not lower, regardless of price. This is signal that holders are DCAing in all conditions
3. Coinbase went from 29% to 76% of exchange holdings (a lot of this was prime tho)
Obviously exchanges can be harmful too, but this is also a great sign: unsophisticated retail users are buying 1% of the supply monthly and holding.
SpaceX is going public on @HyperliquidX
Regardless of where the bankers set the range and where “they” decide to price the deal / first trade, the price will be determined beforehand on hyperliquid
Don’t fumble this
$HYPE
Now that this war is coming to an end,
Money will flow into the highest quality risk assets:
$HYPE - best tradFi friendly tech with highest profit sharing for holders
$GIGA - biggest meme in the world
NY fans think being in the finals means you can commit assault and violent crimes
Or they just know @NYCMayor won’t do anything about it
Either way, sad look for NYC
New York turned into Gotham last night.
“Those aren’t Knicks fans” is a common response right now, which is weird because there was a lot of people in Knicks gear in the brawl videos.
Pretty much all of them.
Anyways, New York is in for a chaotic week.