ezdead

Pleasure Imagination 👁🚀🍜✨

[Ansem 🐂🀄️ @blknoiz06]

i have a thesis that buybacks don't actually work

hyperliquid makes $800M annualized revenue
pump fun makes $440M annualized revenue

$HYPE trades at $65B FDV while $PUMP trades at $1.4B FDV

both teams do regularly recurring buybacks with portions of their profits from the business but they trade at vastly different ratios to their revenues

i believe the difference is not in how much actual revenue is generated by the business but instead its reflective of the trust premium ascribed to the team determined by their actions and decisions in the market, hyperliquid never overpromised anything, only focused on shipping product and emphatically rewarded their core users based on pre-determined metrics that contributed the most to the platform, the core users of hyperliquid have a very high trust rating with Jeff, & even if you believe the perps revenues are slightly more durable which maybe they are, i believe this trust premium on their execution and social alignment with the community is a major factor in why the token trades so well

in contrast, pump fun made $1B in revenue, raised another $1B in their ICO, and promised an airdrop to users that was never delivered, even though they are one of the most successful and consistent businesses in crypto, they do not have social alignment with their core userbase and therefore do not have a comparable trust premium that hyperliquid has, recently it seems they've made concerted effort to improve comms and talk to community more, i believe that if they were ever to seriously focus attention on shifting this dynamic by actually doing the airdrop they've promised and responding to the concerns of their core user base, then the token would trade 10-15x higher, as it would also likely materially increase their volume, attention, and resulting revenues on their platform

bitcoin makes $0 in revenue but has a ~$1.3T market cap, it has the greatest trust premium of any asset to ever exist, people know that there will only ever be 21M coins, and they know that the network will always continue to function no matter what to fulfill its necessary actions

this is part of what ive been talking about when i say that there is intangible value that contributes to the valuation of a business in addition to the tangible value that is determined purely from revenues and other metrics

trust, memetics, and attention are all very important and heavily underdiscussed in markets

[Pons @ponsdotfamily]

Someone's going to launch the next runner.

They're going to do it on Pons.

Might as well be you.

[Ozzy | 奥兹 🇺🇸🇨🇳🪶 @MEADGod]

my inspiration is @chameleon_jeff I think he is an incredible founder, no big talk just pure shipping

I wanna be like bro

[Pons @ponsdotfamily]

Our Graduated section got a glow-up.

Next up: Indexer + Analytics.

[Pons @ponsdotfamily]

As of right now, 11.75% (117.5M token) of the total $PONS supply has been burned from platform fees.

This number will only grow as fees come in.

GM.

[Pons @ponsdotfamily]

We just hit 500 followers. This wouldn't be possible without you guys, thank you!

[Robinhood Crypto @RobinhoodCrypto]

For every GM I get, I’ll pet this cute kitty

[Spottie 🛜 @SpottieWiFi]

WHY DID DEFI LLAMA RELIST ASTER WITH NO EXPLANATION AFTER FUDDING AND DELISTING A WEEK AGO 🤔

[Igloo @IglooInc]

We're excited to share the story of Pudgy Penguins and $PENGU to U.S. policymakers and help shape the future for all of crypto.

[H.E. Justin Sun 👨‍🚀 🌞 @justinsuntron]

.@elonmusk , i’ll need 100 of @Tesla_Optimus for TRON’s 9th anniversary party!😂

[Kraken @krakenfx]

Let’s fly @pudgypenguins 🏎️💨

[ezdead @eazydeadd]

@gordongekko Retard my g

[dxrnell @dxrnell]

Also my timeline right now

[CZ 🔶 BNB @cz_binance]

Well done! 👏 Good start. Keep building!

[Zerion @zerion]

500 likes and we do it

[Matis Rell @matisrell]

@blknoiz06 PINK POWER

[Anime Tweets @AnimexTwts]

HER >>>

[btmex @bitmexcartel]

ada influencer crypto dan micin caller asal bali ngescam member komunitas nya sendiri dan bawa kabur ratusan juta/miliaran rupiah, dan sekarang orangnya masih aktif di sosmed

orangnya, bukti-bukti scam, chat korban, sama kedok scam nya gua taruh dibawah

#crypto #ScamAlert

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