I think $TOAD is still massively underestimated.
$15M market cap?! seriously?
You don't need a complicated narrative when the meme speaks for itself.
Billions ๐ธ
How bad 2026 really is?
- 120+ projects shut down
- Over $1.3B stolen across 344 exploits
- Crypto hiring down ~80%
What happened?
Three things at once, and only one of them was the market.
First, the token treasury model finally got tested. Teams raised in tokens, paid salaries in tokens, even funded their audits in tokens. That works until the token does -80%, and runway evaporates.
Everclear did $500M monthly volume and still died. Tally secured $80B across 500 protocols and still died. Neither lost to a competitor. They lost to their own balance sheet being denominated in the thing they issued.
Second, the attack surface changed. Often the problem is not the code.
Kelp and Drift alone were 44% of H1 losses and neither was a smart contract bug. Drift was six months of social engineering, and most recently, Coldcard was exploited through a firmware change from 2021 routing seed generation through a software prng. A risk that sat quiet five years, and ultimately led to 7,300 drained wallets and >$100M in stolen funds.
Third, it looks like the response function broke. A hack used to be survivable because the treasury covered it or a VC wrote a rescue check.
In 2026 the treasury was already down 80% and the VC money dried out. Thatโs why exploits now often convert straight into shutdowns instead of recoveries.
The question of why most tokens are still down (very) bad, is a different one, but obviously the market, fueled by a lack of real products, extractive tokenomics, a lot of geopolitical/economic uncertainty, and the 10/10 wipeout of a lot of crypto-native capital, has become a very hostile environment for most over the past months.
Itโs not all bad tho and Hyperliquid proved that growing in a bear is possible. More recently, we also see significant upticks in onchain activity again, driven by @pumpfun, @fomo and co, while Robinhood and Solana (partially even Ethereum) trenches are reviving NFTs (who would have thought).
Meanwhile rapidly accelerating tokenization, a strong buzz around RWAs, and some exciting stuff around crypto payments/neobanking are another silver lining.
It also looks like all the bad news (e.g. Saylor selling BTC or the recent Coldcard exploit) donโt move markets down as much as youโd expect anymore, and some VCs are actually raising new funds again (after a long drought) which points towards a point of max fear/pain having been reached already.
Bottom?
Idk, but i do know that the bear wonโt last forever.
The shakeout this time is pretty crazy tho (see lists below), and itโs definitely tough out there rn for anyone relying on this industry to make a living.
Better times ahead (hopefully).
Stay strong.
Co-Founder and former managing partner at Multicoin @KyleSamani has been accumulating $ANSEM for the past 35 days through his main wallet, dogeftw.sol
And heโs still buying
Today, he added even more, bringing his total accumulation to 995.5K tokens worth $304.66K over the last 35 days
He now owns 0.0996% of the supply, making him the 70th largest holder
wallet: dogeftw.sol
$ANSEM is still the strongest play this cycle.
If you donโt have a bag yet, donโt worry.
Iโll be sending tokens to more of you.
Whoโs here? ๐
It's happening guys!
Prompt Club (aka the vibe-coding academy) is going live soon!
What that means?
I'm taking 10 people from zero to shipped live products in 4 weeks.
No coding experience required.
All you need is an idea + an AI sub for the provider of your choice (might have some claude code invites if you're in need), and I'll teach you how to get shit done.
Will provide resources to all academy members and open a TG group chat with all of you.
First cohort will have only 10 seats.
How to apply:
- Quote this post with the first thing you'd build
- Go to https://t.co/QBnZu8zzHo and submit the same idea plus the link to your quote
Applications close Aug 30, and academy kicks off on 1st of September.
LFG
Major updates for https://t.co/5fjSkpPFA3 are gonna land over the next few days!
Will ship new features, and finally properly tie in BullPrint with solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump, which will have various utility features on the platform, incl:
- Stake solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump to unlock pro tiers (real time data, full history, wallet clustering, flow analytics, etc.) but dw most of page will remain totally free and ungated.
- solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump -priced API credits for programmatic access, with a cut burned on every spend (more info soon)
- A new AI solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump analyst with exclusive access to the bullprint index and all data (paid for in solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump). Stay tuned.
- The ansem call index: every call tracked, scored honestly at 24h/7d/30d/90d vs $SOL and $BTC.
- Upgrade coming to the (air)drop desk that allows projects/ppl to target the solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump community with airdrops
- [REDACTED]
You ready bulls?
cc: @blknoiz06