alewt_

Frank Ocean’s mom said it right.

[alewt_ @alewt__]

This is mi favorite chart.
Up means down and down means up.
FTX collapse marked the top of the range and down trend with lower lows has been the echo bubble so far.
Breakout to the down side would mean bull market is back. Could be years.

[ParagonsDAO @ParagonsDAO]

We've restored the Treasury Dashboard on our site!

We're heavy on $PRIME, $stETH, protocol-owned liquidity, and of course, we're the biggest holder of @ParallelTCG NFTs, empowering our Paragons Alliance.

We're also earning millions of $PROMPT, 90% being shared to stakers.

[alewt_ @alewt__]

@heart_ Which other ones were you considering? I’ve watched tons of reviews and still can’t decide.

[ParagonsDAO @ParagonsDAO]

By staking $PDT you get both $PRIME and $PROMPT 🤙

[//Kalos @templecrash]

There is no game, I love you. //

[alewt_ @alewt__]

@CoronelGonorrea Apueste con nosotros, Coronel.
https://t.co/4AkxMwz2AE

[AiRev @ParallelAiRev]

$SAND
$MANA
$APE
$GALA

Are all trading at higher market caps than $PRIME

[alewt_ @alewt__]

I think we range here before liftoff

[Matti @mattigags]

This is the last quarterly investor letter we have sent out in early July. We don't share them publicly but making an exception with this one.

𝐃𝐨𝐧'𝐭 𝐒𝐭𝐨𝐩 𝐁𝐞𝐥𝐢𝐞𝐯𝐢𝐧'

𝑆𝑡𝑟𝑎𝑛𝑔𝑒𝑟𝑠 𝑤𝑎𝑖𝑡𝑖𝑛'
𝑈𝑝 𝑎𝑛𝑑 𝑑𝑜𝑤𝑛 𝑡ℎ𝑒 𝑏𝑜𝑢𝑙𝑒𝑣𝑎𝑟𝑑
𝑇ℎ𝑒𝑖𝑟 𝑠ℎ𝑎𝑑𝑜𝑤𝑠 𝑠𝑒𝑎𝑟𝑐ℎ𝑖𝑛' 𝑖𝑛 𝑡ℎ𝑒 𝑛𝑖𝑔ℎ𝑡

Imagine you entered a diner somewhere in New Jersey for an early dinner. There's a jukebox at the table. You insert a coin and play Don’t Stop Believin’ by Journey. Now you sit back, and relax, waiting to get served.

These letters are not to provide you with generic information that is abundant. It is to inform you where the portfolio stands in the context of how we interpret and internalize our actions, and how we see the future. It’s never generic, sometimes enthusiastic and always idiosyncratic. It’s just a playful story writing for few to enjoy and even fewer to draw inspiration from.

In the end, however, we will not be judged on the originality of our ideas but on the cold numbers of performance that will reflect on your wallet balance/bank account. Everything is just noise until the machinery of the market spits out the very definite outcome no one can argue about.

People have lately been asking the question “Where are we in the cycle?” I do think ‌that currently, we’re in the “embracing our shadow” part of a larger macrocycle. That is the confrontation of the Jungian shadow, the end of the self-psyop.

What we previously denied has not disappeared. The degens that were once fringe are now embraced. “Only the man who goes through this darkness can hope to make any further progress”.

To cast a shadow an object must impede a path of light. The light of crypto liberty casts a shadow of the degen that dwells in all of us. The memecoins are financial degeneracy unravelling, the shadow playing out in the open, and the true confrontation between the vision of the future, human nature, expectation and failure to achieve it.

On the other hand, is the expected inflow into ETFs. The normalization of crypto investing. Behold, the wonderful barbell of degeneracy and institutional adoption.

Yet the short-termism is palpable, dopamine farming is a beguiling call to death and we’re all addicted to the sweet pitch of its siren. But, as I have stipulated before, every system defeats itself by the excess of its foundational principles.

𝑊𝑜𝑟𝑘𝑖𝑛' ℎ𝑎𝑟𝑑 𝑡𝑜 𝑔𝑒𝑡 𝑚𝑦 𝑓𝑖𝑙𝑙
𝐸𝑣𝑒𝑟𝑦𝑏𝑜𝑑𝑦 𝑤𝑎𝑛𝑡𝑠 𝑎 𝑡ℎ𝑟𝑖𝑙𝑙
𝑃𝑎𝑦𝑖𝑛' 𝑎𝑛𝑦𝑡ℎ𝑖𝑛𝑔 𝑡𝑜 𝑟𝑜𝑙𝑙 𝑡ℎ𝑒 𝑑𝑖𝑐𝑒
𝐽𝑢𝑠𝑡 𝑜𝑛𝑒 𝑚𝑜𝑟𝑒 𝑡𝑖𝑚𝑒

Greed eats itself. Goodness eats itself. And everything casts its shadow. We project what we despise in ourselves onto others. And then when this collective shadow is revealed we expel it by finding a scapegoat to whom we attribute all of the evil. We can’t be all to blame, right?

Crypto will become more than memecoins or a vehicle for institutional diversification, but it is hard to see for some today. We’re facing our shadow and it may momentarily obstruct our vision. This is not our final destination but a necessary stage.

Today the old looks at the new and thinks it will swallow it whole unbeknownst to the fact it’s actually being lured into its demise. “That which starts sweet ends bitter, and that which starts bitter ends sweet.”

The story always goes on even when people stop believing. Many have moved on. Some think all the low-hanging fruit ideas have been picked and crypto is at an impasse. Those who think that underestimate crypto’s spirit and the fact that this is inherently an optimistic endeavour.

𝑆𝑜𝑚𝑒'𝑙𝑙 𝑤𝑖𝑛, 𝑠𝑜𝑚𝑒 𝑤𝑖𝑙𝑙 𝑙𝑜𝑠𝑒
𝑆𝑜𝑚𝑒 𝑎𝑟𝑒 𝑏𝑜𝑟𝑛 𝑡𝑜 𝑠𝑖𝑛𝑔 𝑡ℎ𝑒 𝑏𝑙𝑢𝑒𝑠
𝑊ℎ𝑜𝑎, 𝑡ℎ𝑒 𝑚𝑜𝑣𝑖𝑒 𝑛𝑒𝑣𝑒𝑟 𝑒𝑛𝑑𝑠
𝐼𝑡 𝑔𝑜𝑒𝑠 𝑜𝑛 𝑎𝑛𝑑 𝑜𝑛 𝑎𝑛𝑑 𝑜𝑛 𝑎𝑛𝑑 𝑜𝑛

Asking where we are in the cycle is the losing question. This cycle does not matter. Don’t forget that things always start before you think they can start and end when you least expect them. The writing is on the wall. All you have to do is don’t sto

[alewt_ @alewt__]

I can see the future

[alewt_ @alewt__]

God I hope I don't get fucked by the LayerZero airdrop. If some fucking penguin get's more tokens than me I'm going to be pissed.

[alewt_ @alewt__]

@PrimordialAA *addicted to twitter

[alewt_ @alewt__]

1. Couple of things on the $ZRO airdrop. Can’t remember receiving such a shitty allocation after being an organic user for so long (and by organic I mean 2 wallets using Stargate as an LP and every time I needed to bridge, which was not that often tbh maybe once a month.

[alewt_ @alewt__]

3. So yes, I’m pissed but I’m thinking about buying more tokens at TGE because I’m in it for the tech. So thanks to @PrimordialAA for the dust and remember kids, good founders are never too active on twitter 🫡.

[alewt_ @alewt__]

@0xperp The latin American left is usually very much against “the war on drugs”. They also know pushing the army into a domestic arms conflict almost always results in civilian losses and human rights violations. I would bet against that.

[alewt_ @alewt__]

Things can get much more redacted.

[alewt_ @alewt__]

This is one of those pics that end up in a montage of late bubble stage in a Big Short style movie in 2030.

[KKGB @INArteCarloDoss]

What stage?

[alewt_ @alewt__]

Paper trading has never been so fun!

[Nekodex (=ↀωↀ=) 🐾 @Nekodex_app]

Trading Competition Ammeowncement ‍🐾🏃

Nekocomp Epoch 1 is finished 🏅🙌

But don't be sad ... Epoch 2 is here!

And weowwww the Ep. 2 prize is 2M $(=ↀωↀ=) 🙀
https://t.co/5m39n1SwAN

[alewt_ @alewt__]

Not a single good reply to this question

[Eric Balchunas @EricBalchunas]

One of the challenges for Ether ETFs in penetrating the 60/40 Boomer world is distilling its purpose/value into an easy-to-understand sound bite a la "bitcoin is digital gold" Does a simple one-liner like that exist for ether? If so, what is it?

[alewt_ @alewt__]

Can we at least have some fun during the weekend?

[Nekodex (=ↀωↀ=) 🐾 @Nekodex_app]

@perpprotocol devs working day after day

Feeling thankful 🙏🐈

Oh btw now you can see your current prize amount in the Nekocomp!

And much bigger stuffs shipping soon 👀