pepehodler

[pepehodler @pepe_holder]

@GuHype @QiuseOfLove @silverfang88 哈哈哈 你冲浪太猛了

[pepehodler @pepe_holder]

@VincentSkywalke 我之前用terra就剪了我女儿的满月视频。

[pepehodler @pepe_holder]

@Labrin 小狐狸咋报风险

[pepehodler @pepe_holder]

@363185052L @xtony1314 景至少价值5000万美金。她这个破烂垃圾底幻女觉得自己至少��能值景的千分之一。所以能要38.8万的彩礼。

[pepehodler @pepe_holder]

@xukego 我今天中午还想问你孙宇晨是不是羡慕cz有何一这样伴侣。

[pepehodler @pepe_holder]

@GuHype 为啥你们都能抽中 运气这么好

[pepehodler @pepe_holder]

@lbexplorer how to know

[pepehodler @pepe_holder]

@AustinBarack simple math

[pepehodler @pepe_holder]

@dontrustmebro @Meowooomeowooo 更有创意但没流量有什么意义。是否有创意又是谁定义的？

[pepehodler @pepe_holder]

@CryptoPainter 同款推车 uppababy，家里有只小猫 但是小猫不跟小宝玩。狗会亲人些吗

[pepehodler @pepe_holder]

@CryptoPainter 哈哈哈 我女儿2个多月了，我早上也刷到一个视频讲这个。难怪最近浑身没力气。

[pepehodler @pepe_holder]

@lbexplorer @CobraTrader2 FDV？

[pepehodler @pepe_holder]

@lnkybtc 为什么我的ibkr不支持稳定币入金？需要满足什么条件啊。

[pepehodler @pepe_holder]

@dotyyds1234 把个股当山寨玩 把指数当btc玩吧

[pepehodler @pepe_holder]

@ShanghaoJin 现在空仓的 可以逐步进场了吗

[pepehodler @pepe_holder]

@xukego 哈哈哈 说的真好

[pepehodler @pepe_holder]

@kood520 你们支持esim的都是什么手机？

[pepehodler @pepe_holder]

@D9kpynpngjWang pump？

[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

[pepehodler @pepe_holder]

@0xleng1 metadao最近有啥好项目吗