CompoundHawk

-

[LayerZero @LayerZero_Core]

We’re building Zero with the world’s foremost experts on markets, tokenization, and beyond.

Day Zero Partners
- @citsecurities, the next-generation global market maker
- @The_DTCC, the world's largest clearinghouse
- @ICE_Markets, the global leader in market infrastructure

[CompoundHawk @CompoundHawk]

@PlayPudgyParty hey, I've just got a new phone and seem to have lost my previous pudgy party account - how can I resync?

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

so much crying about $USELESS coin on the timeline today

some even went as far as to suggest i was selling because i was AFK for less than two days, even though i'm technically more affected by the drawdown than most — and it can easily be verified on-chain that i haven't sold a token!

i guess i'll start taking more frequent breaks going forward!

if your thesis for a coin is so weak that a single guy being offline for a couple days is enough to shake your conviction or make you panic sell, then you're a manchild and should reassess your reason for investing in the first place. respectfully 🫡

okay, rant’s done.

how am i feeling about USELESS here?

on a personal level: 1) never sold a token 2) still holding my low-leverage, short-term swing trade from around the Coinbase listing because i expected higher targets, so i simply added more margin 3) longed more on this dip today as i found it irresistible

generally speaking, my conviction remains unshaken:

- the thesis for USELESS coin remains intact, so i have zero reason to panic

- i believe the major move for memecoins this cycle is NOT yet in, and i expect USELESS to outperform when that move inevitably comes

- while many might be obsessively focused on the USELESS price action, it currently has a much better drawdown-from-ATH ratio than most established or hyped newer memecoins

for example:

- USELESS is down 63% from ATH
- FARTCOIN is down 75%
- PEPE is down 68%
- WIF is down 85%

i could go on and on!

memecoins are known for their insane volatility on both sides: they often rally or correct harder than even the most optimistic or pessimistic estimates of the average holder

what ultimately matters is whether the underlying thesis or fundamentals have changed

USELESS coin’s main thesis can never change:

- there’s an entire sector of useless coins ('memecoins') worth $70 billion
- there’s an individual useless cryptocurrency worth over $160 billion i.e. $XRP
- there are dozens of useless coins with market caps in the billions or tens of billions i.e. $ADA, $BCH, $LTC, etc
- by contrast, $USELESS sits around $160m at the time of writing

USELESS coin’s fundamentals have also improved significantly:

1. it is now available on Coinbase, Kraken, and several major CEXs at a price attractive enough to onboard a new wave of believers

2. Kraken now holds ~4.5% of supply, and CEX balances continue to rise through this dip — indicative of retail accumulation

3. whales and smart money continue to accumulate aggressively, showing conviction in its potential

4. on-chain volume looks strong, accelerating during this correction — showing dips are being bought

5. core early holders remain steadfast. a notable example is @duaud9912 (second-biggest individual holder) doubling down on the dip earlier today: https://t.co/oNshds6bfM

6. several high-profile traders with massive reach (e.g. @Bluntz_Capital, @MacroCRG, @AltcoinSherpa) have long flagged the $0.160 level as a key level for them to get bullish on it. i didn’t want USELESS to hit it, but here we are — and these guys being on board helps decentralize the holder base and further amplify the message

7. USELESS mindshare remains strong, evidenced by today’s surge in accounts posting about it — whether buying the dip, memeing the price action, or outright fudding. all of this adds up to creating more awareness, which is bullish

8. brutal dips like this tend to strengthen a project’s core community if they survive it. USELESS has a major edge in surviving compared to any other memecoin launched this year

overall, everyone wants high-potential assets to go straight up without catching a break

but that’s not how markets work

sometimes our assets defy expectations for a while — other times the market just does what markets do. and that’s fine!

at the end of the day, you only need to ask yourself two questions:

1. do you think this bull run is over, and memecoins will never go explosive again?

2. has anything about the core thesis or narrative of USELESS changed because of this dip?

for me, the answer to both is no

if anything, this correction makes the meme funnier and pulls in an army of people who have to talk about it just to be part of the “USELESS joke”

but talk about it they must — and that attention fuels higher upside once momentum returns, thanks to the mindshare boost this dip has created

TLDR: my faith in USELESS coin remains unshaken, and the trajectory remains multi-billions. God willing!

[CompoundHawk @CompoundHawk]

@cobie Get on the new season of Dexter

[CompoundHawk @CompoundHawk]

@RWAlliance___

[CompoundHawk @CompoundHawk]

@playsolana @pudgypenguins What games are available for it?

[Arjun Arora @0x_Arjun]

Soon™

[CompoundHawk @CompoundHawk]

@WalletConnect @pudgypenguins 0x248c5bd37feeffbefd20ecd4100a89e766d33ee8

🙏🏼

[Pudgy Penguins @pudgypenguins]

Pudgy Party, our competitive multiplayer game, is launching soon on the @Apple App Store and @Google Play Store.

We’re giving away a total of $5,000 worth of $PENGU to 5 lucky people who RT this and follow @PlayPudgyParty.

More information below.

[CompoundHawk @CompoundHawk]

@grok Use this image as your base

[CompoundHawk @CompoundHawk]

@thecampaignbook @grok who is Shia refering to?

[CompoundHawk @CompoundHawk]

@theuselesscoin This is so brutal to highlight against real companies 😂

[CompoundHawk @CompoundHawk]

@JaneFallon @BlondShelley @NiallHarbison Normally both simultaneously 😩

[CompoundHawk @CompoundHawk]

@CamelCryptic @pudgypenguins @LilPudgys

[CompoundHawk @CompoundHawk]

Holding a fat W from @gacha_game_ 💰✨

Your next bag is one scratch away 👉

https://t.co/ieo4I2BjPM

[Roach Racing Club @RoachRacingClub]

📸 Snapshot for Founder's Box traders incoming within 48 hours. Badges are about to be deployed very soon.

[CompoundHawk @CompoundHawk]

I just won 3,494.618 pts (+599%) on «Will PAIN achieve a 300M market cap in its first 24 hours?» prediction! https://t.co/Ml1IOwdZYM

[MoonPay Commerce @MoonPayCommerce]

Pay with PENGU on Shopify is now live! 🐧

You can now spend your PENGU at thousands of Shopify stores powered by @Solana Pay!

Plus, shop with Solana Pay at @pudgypenguins official storefronts!

[CompoundHawk @CompoundHawk]

@SquidXBT when do you think Ethereum will reach new ATHs?

[CompoundHawk @CompoundHawk]

@donairdaddy @pudgypenguins Leggo