you guys did it solana:So11111111111111111111111111111111111111112
the proposal for doubling disinflation rate of Solana has moved on to discussion and will go to a final vote
pass this and you can raise your targets
2 weeks into the Referral Staking Program:
→ 69M+ MET staked
→ 2k+ referral codes linked
→ ~$300K in Cycle 1 rewards
What's next?
We've put together a discussion covering the most common requests, the ideas we're exploring, and a few questions we'd love your input on.
Dear readers
Re: U.S. equities
I am fully long S&Ps along with stock indexes through the world - Asian and Europe
Understand my opinions and positions may be different
I've watched the price action closely today -- it is fascinating
I've seen this kind of price action before -- in Gold last year, Bitcoin through the years, stocks back in '25 and many many times through the year
The market is not going up on bids
You would guess so, but that is not the case
Market is going up with no backups. This means offers are immediately taken
Not sure where the top is, but this feels like the beginning or middle of a blow off
Do not get shorts is my opinion
Be especially careful of an old man in a young man’s game
Leo had the craziest rise of all time. Like he was on limitless pills
-Valedictorian of Columbia at age 19
-Joins OpenAI on 8 figure contract
-Writes 165 page prediction about AI
-Gets fired
-Essay starts coming true
-Raises $200m to invest in essay thesis
-Turns it to $5.5b
-Hottest fund on Wall Street
-Leverage a little too high
-Citadel notices
-Citadel puts out fake rate hike story
-Margin Call
-Citadel absorbs him including private anthropic stock in his portfolio
-Forced non-competes
If Leo ever makes a trade again. Ken Griffin will be getting his taste
Situational awareness positions (unleveraged as of latest 13F) if they were still in.
This represents 93.25% of the portfolio.
$1,000,000,000 for Citadel today and again that's without the leverage and without the private stakes they took over.
If this is the new normal in markets post below we are cooked. Simply too much volatility.
Quick story, spoke to my hair stylist today and she lost 35k back in the markets. If you remember last time, she was up like 40k and sold $MU before earnings and was doing great.. when I saw her today I congratulated her but she told me she could not help herself and got back in.
She also told me she is constantly researching stocks now and looking at economic data, etc... MIND YOU, this is a hair stylist who has never traded before and $MU and this last run has turned her into an all out junkie.
This is very reminiscent of the dot com era, Burry sensed it. This time we have earnings, BUT we also have all these new levered instruments, etc. which creates more of a landslide when things go south.
I told her to just buy the $SPY and don't worry about it, this issue there ofc, is that it ONLY produces around 10-12% annually and now because of $MU and others that does not seem like good enough returns. She also can't just hold anything now, she feels like she needs to trade.
You see what has happened here? America is turning into Korea. Everyone was gambling on the markets... levered ETF's, prediction markets, ODTE options, single stock futures... these are all disaster tools.
So what happens. NO ONE IS INVESTING, EVERYONE IS JUST GAMBLING/TRADING.
This is creating unimaginable and never before seen volatility. I told you guys way back 24 hour trading was going to be a huge issue... however this has situation has gotten worse than I imagined.
It simply makes buy and hold investing very hard when stocks move as much as they do... almost makes buying the $SPY the safest ways to play this if you want to be long because of all the rotation going on
Stay cautious. Stay safe.
the 2021 NFT mania was the dot-com bubble of equivalent.
just like the tech wreck of the early 2000s felt like the end, but was actually the beginning and now the internet is everywhere.
NFTs were simply ahead of their time, the hype was real, the use cases weren’t ready yet.
the real unlock is RWAs and 2021 was the prototype, 2026 is the infrastructure.
its hard not to be a little excited tbh
theres a very clear high timeframe base being formed on multiple coins like $MET with amazing fundamentals.
this truly is a good time to be building long term positions in good projects to hold through the next cycle, dont squander it.
solana:So11111111111111111111111111111111111111112 | Solana Market Analysis | Weekly/Daily/Hourly
1W: been stuck in range of weekly candle from first week of February for five months now, range lows 67.5 range highs 106
failed to breakdown during high volume selloff + peak fear last month & reclaimed range, now retesting key weekly resistance level 81.5-88
1D: volume profile of the range shows majority of the action has happened between 78-92, w/ POC around 85, close to where we topped out at on this rally, the inefficient down move from 83 to 60 has been fully filled, on daily believe closes through June highs @ 83 would push us back to range highs, usually when you fail to breakout to one side of the range and reclaim you end up retesting the opposite side of the range
am betting on us forming a higher low here in the mid 70s but believe price action will be choppy until we cleanly trade above the topside of this range > 106
good place to accumulate spot position for long term with weekly dollar cost avg buys, inval if we lose the lows from June
1H: retesting low TF demand at beginning of Q3 before breaking mtf range to upside, believe good spot to look for longs 72-75 w/ invals < 71 going into next week expecting retest of 83-85, extended targets 106 & then 150+ later in Q3