i see a trade
hyperliquid of the east with $53m annualized revenue and $14.3b monthly perps volume
hmm seems undervalued at $60m market cap
the asteroid will hit them and they will not know it's coming
Two things can be true at once:
1.) There is no bid right now for tokens with little PMF, low runway, lack of institutional adoption, low / no revenues, and a terrible unlock schedule.
2.) There is and will continue to be an extremely concentrated bid on tokens with strong PMF, clear institutional backing & products (ETFs, ETPs, partnerships), generating significant revenue or a clear path to, past the unlocks or not a significant amount left, and are focusing on making the token holder a first-class citizen.
This consolidation will continue to happen until the market evens out some of the inefficiencies its been dealing with for many years now.
Those who adjust will be on the right side of history.
Stay optimistic.
was right with my vvv thesis back at 250m but didnt have the patience to hold through it
i think to express the bullishness on base ai coins, we can start to leave old bankr coins behind and focus on vvv adjacent coins like liq and autono and aeon
autono will always be capped by the ceiling of the main launchpad coin liq
therefore it will always follow the PA of the main coin
hard to see it decoupling from liq but as long as the whole vvv adjacent eco keeps on pumping, which i think will continue longer, it will reprice higher
also the whole design of liq being paired with diem offers some of kind of ponzinomics that will always pump the prices and excess capital will rotate inside the eco instead of getting out
regarding for entry, my entry is around this price but will dca more if it shows continuous momentum