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Chain & Capital: Institutional Weekly Solana's institutional stack this week: • Securitize's own stock (SECZ) went tokenized on Solana same day as its NYSE debut • Solana's RWA value hit a new ATH of $3.62B, up $540M in 7 days • Backpack 🎒 issued RoboStrategy (BOT) shares via Sunrise...

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I FOUND THE SMOKING GUN 🌋 $10T per day bond market. Every DLT use case over the past 8 years in one document. 630 members. Goldman. JPM. BlackRock. FED. BOE. SWIFT. Here is the 100% proof: ICMA June 2026 confirms that Chainlink is Swift's plug-and-play bridge for 11,000 banks to every blockchain and DLT on earth. • ethereum:0x514910771af9ca656af840dff83e8264ecf986ca now confirmed to be the bridge between Swift, 11,000 banks and every distributed ledger that exists. Canton $354B per day. $8T in a single month. Up 392% YoY. Peak TVL of all DeFi was $180B. Canton clears that in a month from Broadridge alone. Majority of repo cases in this document are Canton Network Canton Foundation. • JP Morgan JPM Coin moving natively to Canton. $2-3B/day. London Stock Exchange Group live on Canton. 11 global banks. canton-network:native There is $639B idle bank cash that DLT eliminates. How much of that will flow to institutional grade DLT rails? In this video: • SpaceX tokenized on Solana same day as NASDAQ. $1.75T valuation. $SOL becoming the everything, everywhere all at once network. • DTCC's own patents name $XRP and $XLM. Multiple rails connected now through Hidden Road and other acquisitions. • Archax streaming yield to investor wallets every second on Hedera. hedera-hashgraph:native. Back to the Future. Attention economy use cases are ready. Every network connects through the same pipes. Those pipes are built. The flood is coming.
37:53

I FOUND THE SMOKING GUN 🌋 $10T per day bond market. Every DLT use case over the past 8 years in one document. 630 members. Goldman. JPM. BlackRock. FED. BOE. SWIFT. Here is the 100% proof: ICMA June 2026 confirms that Chainlink is Swift's plug-and-play bridge for 11,000 banks to every blockchain and DLT on earth. • ethereum:0x514910771af9ca656af840dff83e8264ecf986ca now confirmed to be the bridge between Swift, 11,000 banks and every distributed ledger that exists. Canton $354B per day. $8T in a single month. Up 392% YoY. Peak TVL of all DeFi was $180B. Canton clears that in a month from Broadridge alone. Majority of repo cases in this document are Canton Network Canton Foundation. • JP Morgan JPM Coin moving natively to Canton. $2-3B/day. London Stock Exchange Group live on Canton. 11 global banks. canton-network:native There is $639B idle bank cash that DLT eliminates. How much of that will flow to institutional grade DLT rails? In this video: • SpaceX tokenized on Solana same day as NASDAQ. $1.75T valuation. $SOL becoming the everything, everywhere all at once network. • DTCC's own patents name $XRP and $XLM. Multiple rails connected now through Hidden Road and other acquisitions. • Archax streaming yield to investor wallets every second on Hedera. hedera-hashgraph:native. Back to the Future. Attention economy use cases are ready. Every network connects through the same pipes. Those pipes are built. The flood is coming.

King Solomon (Ryan Solomon)

173,016 views • 1 month ago

The largest IPO in history is also shaping up to be the largest exit liquidity operation in history SpaceX went public at more than 90x revenue, and the insiders who bought in at a fraction of today's price are about to start selling their shares to you. Let me walk you through why this IPO is built to separate retail investors from their money: SpaceX has NEVER turned a profit and lost close to $5 billion last year. At the offering you were paying more than 90x revenue and at the peak the market briefly valued it near 140x. 30 years ago the head of Sun Microsystems explained in detail why paying even 10x revenue almost always ends in tears, and he was right. But listen closely, because the valuation is not even the real story. The scarcity is what CREATED this valuation in the first place, and the calendar that kills the scarcity is what kills the price. Less than 5% of SpaceX shares were actually available to trade at the IPO. Then the index committees REWROTE their own rules to fast track the stock into the Nasdaq 100 just 15 trading days after listing, which forced every passive fund and index ETF in the country to buy at the exact moment the float was at its tightest. The Nasdaq inclusion alone forced an estimated $4.3 billion of buying, and the Russell reweighting added roughly $3 billion more. The supply was minuscule and the buying was mandatory. That's a manufactured squeeze, and it is why the stock went above $225 in its first week. Now watch what happens next, because this is the part they ain't explaining to you: The lockup was staggered on purpose, and the entire schedule is sitting in the prospectus for anyone who bothers to read it. In early August, right after Q2 earnings, 20% of the locked shares come free. Another 10% unlocks early if the stock trades 30% above the $135 IPO price going into the report. Then tranches of 7% hit the market at 70, 90, 105, 120 and 135 days after the IPO, which means fresh insider supply lands roughly every 2 to 3 weeks from late August through late October. Q3 earnings triggers the single biggest release of all, another 28%, roughly 1.3 billion shares. On December 8 the 180 day lockup expires entirely. And on June 12, 2027 comes the final wave, when Musk's own 6.4 billion shares, 42% of the whole company, become sellable for the first time. Add it all up and insiders could be free to sell as much as 44% of the company by early September, which would balloon the tradable float by roughly 900%. All of that supply lands on a stock the company deliberately packed with retail, because SpaceX reserved close to 30% of the offering for individual investors vs the usual 10%. This deal created over 4,400 paper millionaires inside the company. You think none of them are looking to cash out? Early holders are already loading up on puts to lock in what they have. First they keep the float tiny. Then they let the index rules force the world to buy at the top. Then they release a flood of insider stock into a crowd of retail buyers who were handed the shares up high. When the price finally breaks the offering level, the people who got in years ago at pennies on today's dollar will hit the bid, and the exit liquidity is your retirement account. And what are you actually left holding? Strip away the science fiction and the only business inside SpaceX that reliably earns money is Starlink, which produced $1.2 billion of operating income last quarter. A wonderful business worth hundreds of billions on its best day. NOT $2 trillion. Serious fair value work lands around $30 a share. Nobody has been a bigger bear on this deal than me. I called it out the moment it started trading, and it is already playing out on schedule as the shares have given back the entire squeeze and slipped below their opening print. I was Peter Lynch's auto analyst back in 1981 and I have watched every disaster since, and I am telling you this is one of the great wealth transfers of my lifetime packed into a fancy narrative. Tesla was the biggest misallocation of capital in the history of stock markets. SpaceX may have just surpassed it. SPCX goes straight onto my short list, and the beauty of this setup is that the catalyst is not a guess or something, it is literally a PUBLISHED CALENDAR. This is the most grossly overpriced stock at scale that I have ever seen.
2:11

The largest IPO in history is also shaping up to be the largest exit liquidity operation in history SpaceX went public at more than 90x revenue, and the insiders who bought in at a fraction of today's price are about to start selling their shares to you. Let me walk you through why this IPO is built to separate retail investors from their money: SpaceX has NEVER turned a profit and lost close to $5 billion last year. At the offering you were paying more than 90x revenue and at the peak the market briefly valued it near 140x. 30 years ago the head of Sun Microsystems explained in detail why paying even 10x revenue almost always ends in tears, and he was right. But listen closely, because the valuation is not even the real story. The scarcity is what CREATED this valuation in the first place, and the calendar that kills the scarcity is what kills the price. Less than 5% of SpaceX shares were actually available to trade at the IPO. Then the index committees REWROTE their own rules to fast track the stock into the Nasdaq 100 just 15 trading days after listing, which forced every passive fund and index ETF in the country to buy at the exact moment the float was at its tightest. The Nasdaq inclusion alone forced an estimated $4.3 billion of buying, and the Russell reweighting added roughly $3 billion more. The supply was minuscule and the buying was mandatory. That's a manufactured squeeze, and it is why the stock went above $225 in its first week. Now watch what happens next, because this is the part they ain't explaining to you: The lockup was staggered on purpose, and the entire schedule is sitting in the prospectus for anyone who bothers to read it. In early August, right after Q2 earnings, 20% of the locked shares come free. Another 10% unlocks early if the stock trades 30% above the $135 IPO price going into the report. Then tranches of 7% hit the market at 70, 90, 105, 120 and 135 days after the IPO, which means fresh insider supply lands roughly every 2 to 3 weeks from late August through late October. Q3 earnings triggers the single biggest release of all, another 28%, roughly 1.3 billion shares. On December 8 the 180 day lockup expires entirely. And on June 12, 2027 comes the final wave, when Musk's own 6.4 billion shares, 42% of the whole company, become sellable for the first time. Add it all up and insiders could be free to sell as much as 44% of the company by early September, which would balloon the tradable float by roughly 900%. All of that supply lands on a stock the company deliberately packed with retail, because SpaceX reserved close to 30% of the offering for individual investors vs the usual 10%. This deal created over 4,400 paper millionaires inside the company. You think none of them are looking to cash out? Early holders are already loading up on puts to lock in what they have. First they keep the float tiny. Then they let the index rules force the world to buy at the top. Then they release a flood of insider stock into a crowd of retail buyers who were handed the shares up high. When the price finally breaks the offering level, the people who got in years ago at pennies on today's dollar will hit the bid, and the exit liquidity is your retirement account. And what are you actually left holding? Strip away the science fiction and the only business inside SpaceX that reliably earns money is Starlink, which produced $1.2 billion of operating income last quarter. A wonderful business worth hundreds of billions on its best day. NOT $2 trillion. Serious fair value work lands around $30 a share. Nobody has been a bigger bear on this deal than me. I called it out the moment it started trading, and it is already playing out on schedule as the shares have given back the entire squeeze and slipped below their opening print. I was Peter Lynch's auto analyst back in 1981 and I have watched every disaster since, and I am telling you this is one of the great wealth transfers of my lifetime packed into a fancy narrative. Tesla was the biggest misallocation of capital in the history of stock markets. SpaceX may have just surpassed it. SPCX goes straight onto my short list, and the beauty of this setup is that the catalyst is not a guess or something, it is literally a PUBLISHED CALENDAR. This is the most grossly overpriced stock at scale that I have ever seen.

George Noble

348,104 views • 23 days ago

140 of the biggest financial firms on Earth just teamed up to assassinate ONE company. The same company they helped BUILD for 7 years. BlackRock, Coinbase, Visa, Mastercard, Stripe, BNY Mellon, and Google all showed up to sign the kill order: Yesterday, a consortium of over 140 financial firms launched a new stablecoin called Open USD. The target: Circle Internet Group, the $17 billion company behind USDC. Circle stock crashed 17.5% in a single trading session and closed near $62. It is now down more than 40% in 30 days from its May high of $138. But this is NOT a story about a competitor showing up... This is about a company getting assassinated by the exact partners it depended on to survive. Here is how deep the betrayal goes: Coinbase and Circle co-founded USDC together in 2018. They built the stablecoin as partners through the Centre Consortium. In 2024 alone, Circle paid Coinbase $908 million as a distribution fee for hosting USDC on the Coinbase platform. That revenue-sharing agreement expires in August 2026. Six weeks before that renewal, Coinbase publicly signed onto a project designed to make USDC obsolete. BlackRock literally manages Circle's reserves. The world's largest asset manager has been sitting on the $73.6 billion in US Treasuries backing USDC but joined a consortium built to redirect that interest income to other partners instead of Circle. BNY Mellon is Circle's custody bank. Same playbook here. Custody by day, competitor by night. And Open USD is launching natively on Base, which is Coinbase's own blockchain. Coinbase is literally constructing the rails to replace USDC on the chain Coinbase owns. And what makes it worse: 99% of Circle's 2024 revenue came from interest earned on those Treasury reserves. That is the entire business model. Take user dollars, park them in short-term T-bills, keep the yield. Open USD's pitch to the market is a single sentence: Partners keep the yield instead of Circle. Zero minting fees or redemption fees. Almost all the interest income flows back to the 140 companies distributing the coin. Every "partner" that gave Circle its network effect just realized they had been paying Circle to do something they could do themselves. The interim CEO of Open Standard is Zach Abrams, the co-founder of Bridge, the stablecoin infrastructure firm Stripe acquired for $1.1 billion in 2024. Stripe's stablecoin acquisition is now running the coordinated hit against Circle as well. Circle's own CEO Jeremy Allaire went on the record calling USDC "the most trusted, widely adopted stablecoin globally" and welcoming the competition. That is the polite corporate translation for "our largest revenue-sharing partner just publicly announced they no longer need us." Citi projects the stablecoin market will hit $4 trillion by 2030. 140 companies looked at that number, looked at how much of it Circle was keeping, and coordinated to take it. The exchanges that gave USDC liquidity, the banks that gave USDC legitimacy, the card networks that gave USDC distribution, and the asset managers that gave USDC credibility... Every one of them spent years inside the walls before yesterday's public execution. The most successful crypto IPO of 2025 just got dismantled by the SAME names that built it. What do you think?
1:23

140 of the biggest financial firms on Earth just teamed up to assassinate ONE company. The same company they helped BUILD for 7 years. BlackRock, Coinbase, Visa, Mastercard, Stripe, BNY Mellon, and Google all showed up to sign the kill order: Yesterday, a consortium of over 140 financial firms launched a new stablecoin called Open USD. The target: Circle Internet Group, the $17 billion company behind USDC. Circle stock crashed 17.5% in a single trading session and closed near $62. It is now down more than 40% in 30 days from its May high of $138. But this is NOT a story about a competitor showing up... This is about a company getting assassinated by the exact partners it depended on to survive. Here is how deep the betrayal goes: Coinbase and Circle co-founded USDC together in 2018. They built the stablecoin as partners through the Centre Consortium. In 2024 alone, Circle paid Coinbase $908 million as a distribution fee for hosting USDC on the Coinbase platform. That revenue-sharing agreement expires in August 2026. Six weeks before that renewal, Coinbase publicly signed onto a project designed to make USDC obsolete. BlackRock literally manages Circle's reserves. The world's largest asset manager has been sitting on the $73.6 billion in US Treasuries backing USDC but joined a consortium built to redirect that interest income to other partners instead of Circle. BNY Mellon is Circle's custody bank. Same playbook here. Custody by day, competitor by night. And Open USD is launching natively on Base, which is Coinbase's own blockchain. Coinbase is literally constructing the rails to replace USDC on the chain Coinbase owns. And what makes it worse: 99% of Circle's 2024 revenue came from interest earned on those Treasury reserves. That is the entire business model. Take user dollars, park them in short-term T-bills, keep the yield. Open USD's pitch to the market is a single sentence: Partners keep the yield instead of Circle. Zero minting fees or redemption fees. Almost all the interest income flows back to the 140 companies distributing the coin. Every "partner" that gave Circle its network effect just realized they had been paying Circle to do something they could do themselves. The interim CEO of Open Standard is Zach Abrams, the co-founder of Bridge, the stablecoin infrastructure firm Stripe acquired for $1.1 billion in 2024. Stripe's stablecoin acquisition is now running the coordinated hit against Circle as well. Circle's own CEO Jeremy Allaire went on the record calling USDC "the most trusted, widely adopted stablecoin globally" and welcoming the competition. That is the polite corporate translation for "our largest revenue-sharing partner just publicly announced they no longer need us." Citi projects the stablecoin market will hit $4 trillion by 2030. 140 companies looked at that number, looked at how much of it Circle was keeping, and coordinated to take it. The exchanges that gave USDC liquidity, the banks that gave USDC legitimacy, the card networks that gave USDC distribution, and the asset managers that gave USDC credibility... Every one of them spent years inside the walls before yesterday's public execution. The most successful crypto IPO of 2025 just got dismantled by the SAME names that built it. What do you think?

Ricardo

34,803 views • 1 month ago

Making Sense Of Bitcoin Treasury Companies If you've been following me on X you’ll know that I have recently been floating a lot of my updated thoughts on the Bitcoin Treasury space. Here I have synthesised all of my ideas and distilled them into a single video. If you prefer YouTube, you can find the link in the comments. If you prefer written format, continue reading. The first thing we need to do is acknowledge an important fact which is that Strategy, as a Bitcoin Treasury Company, is an anomaly. What do I mean by that? Strategy’s success has been defined by a number of unique factors and circumstances, most of which cannot be replicated again by other Bitcoin Treasury Companies. Specifically, there are 6 things that stand out to me. 1. Before adopting Bitcoin, Strategy was a billion dollar company with an operating business that was generating roughly $50M in cash a year. 2. Until the introduction of the ETF's in January 2024, Strategy was the only way for the average investor to gain passive exposure to Bitcoin. 3. Until this year, Strategy was the only way for the average investor to gain leveraged exposure to Bitcoin. 4. Strategy was issuing multiple, billion dollar, zero coupon, unsecured convertible notes at +50% conversion premiums. 5. Strategy has Michael Saylor, who, you don’t need me to tell you, is in a league of his own. 6. For many reasons, including those I’ve just mentioned, Strategy has benefitted disproportionately from the broader sentiment around Bitcoin. In other words, for the best part of 4 years, Strategy had zero competition for either capital or attention. As a result, it became a magnet for capital from anyone who wanted exposure to Bitcoin and it attracted inflows that were beyond what fundamentals alone would maybe justify. Therefore, using Strategy as a blueprint for the performance that you can expect from other Bitcoin Treasury Companies is a bad idea. Using Strategy as a blueprint for how to operate a Bitcoin Treasury Company is a good idea. Now let’s break down what’s unfolded over the last 6 months or so. Between May and June of this year, when we witnessed a flood of new Bitcoin Treasury Companies, we entered what I refer to as the frenzy phase. The frenzy phase was driven almost entirely by sentiment. By sentiment I simply mean emotion. Since then, as sentiment has slowly faded, the market has increasingly priced Bitcoin Treasury Companies based more on fundamentals. By fundamentals I simply mean facts. So where as sentiment is driven by emotion and hype, fundamentals are driven by facts and reason. The problem is that when you price Bitcoin Treasury Companies on fundamentals, you realise that many of them are almost entirely dependent on sentiment in order to expand mNAV so they can raise capital via the common stock ATM to buy Bitcoin and generate Bitcoin Yield. However, for me, raising capital via the common stock ATM and recycling it into Bitcoin is not genuine value creation — it’s value transfer. That’s not to say you shouldn’t leverage the ATM as and when necessary — you should. However, if your business model as a Bitcoin Treasury Company no longer works when “sentiment is low” then you have neither a business model nor a business. You’re the equivalent of a meme stock except with Bitcoin on your balance sheet. On that basis, companies shouldn’t expect to trade at a premium if the common stock ATM is the only way they raise capital. I’m not saying they won’t trade at a premium — I’m saying that companies shouldn’t expect to. Now, between July and now, we’ve obviously seen mNAVs compress substantially and so the frenzy phase is over which means that the days of automatically being granted generous mNAV multiples is also over. So now we are in the maturity phase. The maturity phase is going to be defined by being able to offer a differentiated value proposition and having a sustainable business model that can generate Bitcoin Yield in any environment independent of sentiment. In other words, they can generate Bitcoin Yield when trading at or below 1 mNAV. So essentially now, Bitcoin Treasury Companies have to work for their mNAV multiples — as it should be. Following the maturity phase will be the consolidation phase where capital, Bitcoin and ultimately market share will converge towards a small number of Bitcoin Treasury Companies that will dominate the entire industry. I should clarify that I am referring predominantly to pure-play Bitcoin Treasury Companies — companies who are valued based solely on their Bitcoin strategy. Now, with everything that I’ve said, how should you evaluate Bitcoin Treasury Companies? Hopefully over the next few weeks I’m going to string together a video with my valuation framework. In the meantime, a basic test is that I use is this: How much Bitcoin Yield can the company generate over X period of time — you decide what that period of time is — if it traded at 1x mNAV over that entire period? If the answer is 0, then they are probably entirely dependent on raising capital via the common stock ATM which means they likely don’t deserve a premium. If the answer is >0, then they are probably innovating through the use of other instruments — like converts and preferred products — which means they likely do deserve a premium and so whatever number you come up with should be used as the base for your valuation. Now, don’t be fooled. The Bitcoin Treasury Company space is, not entirely, but to a large degree, a zero-sum game. Every Dollar raised by one Bitcoin Treasury Company is at the expense of every other Bitcoin Treasury Company. Every Bitcoin purchased by one Bitcoin Treasury Company is at the expense of every other Bitcoin Treasury Company. It’s only because we are early that everyone is incentivised to essentially hold hands and cheer each other on. However, make no mistake, everyone involved is tacitly well aware that they are all competing for the same finite amount of capital and the same fixed amount of Bitcoin. Thus, the reality is that, by definition, not every Bitcoin Treasury Company is going to succeed. So choose your horses and jockeys wisely. As a side note, with the amount of Bitcoin Treasury Companies now desperately chasing and competing for the same capital from institutions, who do you think has the leverage; the Bitcoin Treasury Companies or the institutions? I’ll let you decide. Before I close, I want to leave you guys with this. There is a small subset of people invested in Bitcoin Treasury Companies who are desperately clinging on to their bags because they believe “sentiment will return.” These people are completely missing the point. My friends, if your investing philosophy is based on sentiment, you are simply not going to last. You want to base your decisions, as far as possible, on fundamentals. As investors, you either adapt and update your mental models based on how things are and not how you want them to be — or you get left behind. With that in mind: Never get caught up in tribalism. Never get attached to your beliefs. Always think critically. Always think independently. Always seek Truth.
10:20

Making Sense Of Bitcoin Treasury Companies If you've been following me on X you’ll know that I have recently been floating a lot of my updated thoughts on the Bitcoin Treasury space. Here I have synthesised all of my ideas and distilled them into a single video. If you prefer YouTube, you can find the link in the comments. If you prefer written format, continue reading. The first thing we need to do is acknowledge an important fact which is that Strategy, as a Bitcoin Treasury Company, is an anomaly. What do I mean by that? Strategy’s success has been defined by a number of unique factors and circumstances, most of which cannot be replicated again by other Bitcoin Treasury Companies. Specifically, there are 6 things that stand out to me. 1. Before adopting Bitcoin, Strategy was a billion dollar company with an operating business that was generating roughly $50M in cash a year. 2. Until the introduction of the ETF's in January 2024, Strategy was the only way for the average investor to gain passive exposure to Bitcoin. 3. Until this year, Strategy was the only way for the average investor to gain leveraged exposure to Bitcoin. 4. Strategy was issuing multiple, billion dollar, zero coupon, unsecured convertible notes at +50% conversion premiums. 5. Strategy has Michael Saylor, who, you don’t need me to tell you, is in a league of his own. 6. For many reasons, including those I’ve just mentioned, Strategy has benefitted disproportionately from the broader sentiment around Bitcoin. In other words, for the best part of 4 years, Strategy had zero competition for either capital or attention. As a result, it became a magnet for capital from anyone who wanted exposure to Bitcoin and it attracted inflows that were beyond what fundamentals alone would maybe justify. Therefore, using Strategy as a blueprint for the performance that you can expect from other Bitcoin Treasury Companies is a bad idea. Using Strategy as a blueprint for how to operate a Bitcoin Treasury Company is a good idea. Now let’s break down what’s unfolded over the last 6 months or so. Between May and June of this year, when we witnessed a flood of new Bitcoin Treasury Companies, we entered what I refer to as the frenzy phase. The frenzy phase was driven almost entirely by sentiment. By sentiment I simply mean emotion. Since then, as sentiment has slowly faded, the market has increasingly priced Bitcoin Treasury Companies based more on fundamentals. By fundamentals I simply mean facts. So where as sentiment is driven by emotion and hype, fundamentals are driven by facts and reason. The problem is that when you price Bitcoin Treasury Companies on fundamentals, you realise that many of them are almost entirely dependent on sentiment in order to expand mNAV so they can raise capital via the common stock ATM to buy Bitcoin and generate Bitcoin Yield. However, for me, raising capital via the common stock ATM and recycling it into Bitcoin is not genuine value creation — it’s value transfer. That’s not to say you shouldn’t leverage the ATM as and when necessary — you should. However, if your business model as a Bitcoin Treasury Company no longer works when “sentiment is low” then you have neither a business model nor a business. You’re the equivalent of a meme stock except with Bitcoin on your balance sheet. On that basis, companies shouldn’t expect to trade at a premium if the common stock ATM is the only way they raise capital. I’m not saying they won’t trade at a premium — I’m saying that companies shouldn’t expect to. Now, between July and now, we’ve obviously seen mNAVs compress substantially and so the frenzy phase is over which means that the days of automatically being granted generous mNAV multiples is also over. So now we are in the maturity phase. The maturity phase is going to be defined by being able to offer a differentiated value proposition and having a sustainable business model that can generate Bitcoin Yield in any environment independent of sentiment. In other words, they can generate Bitcoin Yield when trading at or below 1 mNAV. So essentially now, Bitcoin Treasury Companies have to work for their mNAV multiples — as it should be. Following the maturity phase will be the consolidation phase where capital, Bitcoin and ultimately market share will converge towards a small number of Bitcoin Treasury Companies that will dominate the entire industry. I should clarify that I am referring predominantly to pure-play Bitcoin Treasury Companies — companies who are valued based solely on their Bitcoin strategy. Now, with everything that I’ve said, how should you evaluate Bitcoin Treasury Companies? Hopefully over the next few weeks I’m going to string together a video with my valuation framework. In the meantime, a basic test is that I use is this: How much Bitcoin Yield can the company generate over X period of time — you decide what that period of time is — if it traded at 1x mNAV over that entire period? If the answer is 0, then they are probably entirely dependent on raising capital via the common stock ATM which means they likely don’t deserve a premium. If the answer is >0, then they are probably innovating through the use of other instruments — like converts and preferred products — which means they likely do deserve a premium and so whatever number you come up with should be used as the base for your valuation. Now, don’t be fooled. The Bitcoin Treasury Company space is, not entirely, but to a large degree, a zero-sum game. Every Dollar raised by one Bitcoin Treasury Company is at the expense of every other Bitcoin Treasury Company. Every Bitcoin purchased by one Bitcoin Treasury Company is at the expense of every other Bitcoin Treasury Company. It’s only because we are early that everyone is incentivised to essentially hold hands and cheer each other on. However, make no mistake, everyone involved is tacitly well aware that they are all competing for the same finite amount of capital and the same fixed amount of Bitcoin. Thus, the reality is that, by definition, not every Bitcoin Treasury Company is going to succeed. So choose your horses and jockeys wisely. As a side note, with the amount of Bitcoin Treasury Companies now desperately chasing and competing for the same capital from institutions, who do you think has the leverage; the Bitcoin Treasury Companies or the institutions? I’ll let you decide. Before I close, I want to leave you guys with this. There is a small subset of people invested in Bitcoin Treasury Companies who are desperately clinging on to their bags because they believe “sentiment will return.” These people are completely missing the point. My friends, if your investing philosophy is based on sentiment, you are simply not going to last. You want to base your decisions, as far as possible, on fundamentals. As investors, you either adapt and update your mental models based on how things are and not how you want them to be — or you get left behind. With that in mind: Never get caught up in tribalism. Never get attached to your beliefs. Always think critically. Always think independently. Always seek Truth.

Chris Millas

34,483 views • 9 months ago

𝗧𝗵𝗲 𝗯𝗿𝗶𝗱𝗴𝗲 𝗶𝘀 𝗰𝗿𝗼𝘀𝘀𝗲𝗱. The economic engine is now online. ♻️ The vaulting period for The Great Migration has officially ended. We have successfully established our new foundation on 's Internet Capital Markets. The Claim is LIVE. New CA is: 𝗖𝗝𝗷𝗿𝗮𝗕𝗮𝗲𝗱𝗣𝗻𝗞𝘇𝗷𝗻𝗮𝗴𝟭𝟮𝗶𝟳𝗣𝗩𝗼𝟱𝗽𝗦𝗣𝟲𝗰𝗕𝟵𝗵𝗲𝗩𝟴𝘇𝗿𝟴𝟵𝗯𝗼𝗻𝗸 If you vaulted your tokens, you can now claim your new 𝗣𝗥𝗢𝗝𝗘𝗖𝗧 𝟴𝟵 tokens through the same migration portal. The value of your tokens will shift and settle over the coming weeks as we lock tokens, vest tokens, and distribute rewards. At the end of this process, we will burn any remainder so that we have our teams 10%. Claim Phase Directives: 1️⃣ Claim is Open: Your new tokens are secure and can be claimed WITHIN 90 DAYS. 2️⃣ Multiplier Rewards: Your 1.25x reward bonus is locked in. These rewards will be airdropped weekly until fully dispersed. 3️⃣ Gas Fee: Claiming requires a standard network fee of ~.008 SOL. With this foundation set, our real work begins. 🦾 This migration was the final step to power our self-sustaining ecosystem. The trading fees generated on the new token will now directly: ☝️ Fund the Universe: Fully resource Imaginal Media to accelerate the production of the Project 89 anime, comics, and transmedia experiences. ✌️ Power the Mission: Provide the capital for The Green Loom Association to execute its work in consciousness research and creating positive global impact. We are no longer just building a plan; we are executing it. The story now has its engine. Welcome to the next chapter, Agents. #Project89 #MigrationComplete #Solana #BonkFun #FutureofGaming #Anime
1:59

𝗧𝗵𝗲 𝗯𝗿𝗶𝗱𝗴𝗲 𝗶𝘀 𝗰𝗿𝗼𝘀𝘀𝗲𝗱. The economic engine is now online. ♻️ The vaulting period for The Great Migration has officially ended. We have successfully established our new foundation on 's Internet Capital Markets. The Claim is LIVE. New CA is: 𝗖𝗝𝗷𝗿𝗮𝗕𝗮𝗲𝗱𝗣𝗻𝗞𝘇𝗷𝗻𝗮𝗴𝟭𝟮𝗶𝟳𝗣𝗩𝗼𝟱𝗽𝗦𝗣𝟲𝗰𝗕𝟵𝗵𝗲𝗩𝟴𝘇𝗿𝟴𝟵𝗯𝗼𝗻𝗸 If you vaulted your tokens, you can now claim your new 𝗣𝗥𝗢𝗝𝗘𝗖𝗧 𝟴𝟵 tokens through the same migration portal. The value of your tokens will shift and settle over the coming weeks as we lock tokens, vest tokens, and distribute rewards. At the end of this process, we will burn any remainder so that we have our teams 10%. Claim Phase Directives: 1️⃣ Claim is Open: Your new tokens are secure and can be claimed WITHIN 90 DAYS. 2️⃣ Multiplier Rewards: Your 1.25x reward bonus is locked in. These rewards will be airdropped weekly until fully dispersed. 3️⃣ Gas Fee: Claiming requires a standard network fee of ~.008 SOL. With this foundation set, our real work begins. 🦾 This migration was the final step to power our self-sustaining ecosystem. The trading fees generated on the new token will now directly: ☝️ Fund the Universe: Fully resource Imaginal Media to accelerate the production of the Project 89 anime, comics, and transmedia experiences. ✌️ Power the Mission: Provide the capital for The Green Loom Association to execute its work in consciousness research and creating positive global impact. We are no longer just building a plan; we are executing it. The story now has its engine. Welcome to the next chapter, Agents. #Project89 #MigrationComplete #Solana #BonkFun #FutureofGaming #Anime

Project 89

43,789 views • 10 months ago

a 22-year-old who never filed taxes just got flagged by the IRS not for the $330K in polymarket bot profit but for 12,000 micro-transactions that looked like structuring 38 days of trading and he triggered the same alerts drug dealers do kid built a bot that trades 5-minute crypto resolution markets on polymarket - eth up or down, sol up or down, new scheduled 5-minute ETH/SOL up/down markets resolving via Chainlink data he didn't even know what structuring was the bot was placing mass volume to capture edge across dozens of active micro-markets and every single trade settled through USDC on-chain every 5 minutes the bot runs the same loop: → pulls live order books across dozens of active micro-markets → estimates fair value using Claude Sonnet 4.6 API inference → detects mispricing above 6% and sizes via kelly criterion → fires the trade, collects payout, rolls into the next market → repeats 288+ times per day without sleeping in 38 days it executed 12,247 transactions at an average size of $27 the problem is that pattern - thousands of small, rapid, sequential transactions flowing through crypto rails - is exactly what the bank secrecy act was written to catch under 31 USC 5324 that's called structuring and it carries civil penalties up to ~$400K or twice the transaction amount per violation, criminal up to 5-10 years and $250K-$500K in fines the bot doesn't know what the IRS is it just knew the expected value math worked: 65% win rate on binary contracts means +$0.10 per dollar risked, compounded across 12,000 trades that's $330K in pure edge his entire infra was a mac mini and a $4.50/month VPS with no accountant, no LLC, no tax software the IRS didn't find him through some sophisticated investigation - his bank's automated AML system flagged the deposit pattern and filed a suspicious activity report before he even knew there was a problem $330K in profit sitting in a wallet and the kid googled "do i need to pay taxes on polymarket" for the first time last tuesday the bot opened 6 new positions while he was on hold with a CPA his trading algorithm is mass accurate and his compliance strategy is mass nonexistent - and somewhere right now there are 50 more kids running the same bot who haven't been flagged yet
1:33

a 22-year-old who never filed taxes just got flagged by the IRS not for the $330K in polymarket bot profit but for 12,000 micro-transactions that looked like structuring 38 days of trading and he triggered the same alerts drug dealers do kid built a bot that trades 5-minute crypto resolution markets on polymarket - eth up or down, sol up or down, new scheduled 5-minute ETH/SOL up/down markets resolving via Chainlink data he didn't even know what structuring was the bot was placing mass volume to capture edge across dozens of active micro-markets and every single trade settled through USDC on-chain every 5 minutes the bot runs the same loop: → pulls live order books across dozens of active micro-markets → estimates fair value using Claude Sonnet 4.6 API inference → detects mispricing above 6% and sizes via kelly criterion → fires the trade, collects payout, rolls into the next market → repeats 288+ times per day without sleeping in 38 days it executed 12,247 transactions at an average size of $27 the problem is that pattern - thousands of small, rapid, sequential transactions flowing through crypto rails - is exactly what the bank secrecy act was written to catch under 31 USC 5324 that's called structuring and it carries civil penalties up to ~$400K or twice the transaction amount per violation, criminal up to 5-10 years and $250K-$500K in fines the bot doesn't know what the IRS is it just knew the expected value math worked: 65% win rate on binary contracts means +$0.10 per dollar risked, compounded across 12,000 trades that's $330K in pure edge his entire infra was a mac mini and a $4.50/month VPS with no accountant, no LLC, no tax software the IRS didn't find him through some sophisticated investigation - his bank's automated AML system flagged the deposit pattern and filed a suspicious activity report before he even knew there was a problem $330K in profit sitting in a wallet and the kid googled "do i need to pay taxes on polymarket" for the first time last tuesday the bot opened 6 new positions while he was on hold with a CPA his trading algorithm is mass accurate and his compliance strategy is mass nonexistent - and somewhere right now there are 50 more kids running the same bot who haven't been flagged yet

Argona

150,033 views • 3 months ago

2025 reflected a year of coordinated execution. As products expanded and new markets came online, the underlying platform continued to strengthen in step. Here’s what we built in the past 365 days 👇 Launching New Products The Gemini Credit Card evolved with the release of the Bitcoin, Solana, XRP, and American Business versions of the card, allowing our US customers to earn rewards in crypto, and additional benefits for businesses.* We launched the Gemini Wallet, giving users a powerful self-custody wallet to have more control over their digital assets and manage their finances onchain. In the European Union (EU), Gemini launched Tokenized Stocks**, bringing the world’s leading equities onto the blockchain with zero trading fees. We added Gemini Perpetuals** in the EU, putting the power of crypto derivatives with up to 100x leverage in the hands of advanced traders, and have continued to expand the number of perpetual contracts available – opening up new trading opportunities in memecoins, DeFi, and beyond. In Europe, users gained the ability to stake*** their ETH and SOL, unlocking the potential to earn rewards of up to 6% APR**** on their holdings. In Singapore, we launched Index Perpetual Contracts and expanded the available cross collateral funding options. We also made funding faster for Singapore users by adding PayNow and FAST. We introduced USD rails to our UK institutional customers, giving them more flexibility in the ways they can trade. Institutional Leadership We strengthened our leadership in institutional custody, including custodying Empery Digital’s $500 million BTC placement and facilitated their bitcoin purchases and derivatives trades. We also introduced the ability to stake SOL from custody for our institutional partners. We worked with Glassnode to produce the Bitcoin Adoption, Volatility, and Market Cap report, showing that bitcoin treasuries now control nearly a third of Bitcoin’s total supply. Company Milestones & Regulation After an IPO on the Nasdaq stock exchange in September, Gemini became a publicly traded company. This year also marked a turning point for Gemini’s global ambitions. In October, Gemini launched in Australia and became AUSTRAC registered to bring industry-leading crypto tools to users down under. We also expanded further into the country by adding AUD banking rails for faster payments and deposits. We opened new offices around the world, including London, hosting an opening party with people from across the industry to celebrate. We also grew our customer service operations with a new office in Scottsdale, Arizona. In the EU, we obtained our Markets in Crypto Assets (MiCA) and Markets in Financial Instruments Directive II (MiFID II) licences, allowing us to bring our services to millions more across the region. Fostering a Global Community From DAS New York and Paris Blockchain Week, to TOKEN2049 in Singapore and the Australian Crypto Convention in Sydney, the Gemini team met local communities around the world. In March, we set a Guinness World Record for the largest aerial display of a currency symbol with a drone show at South by Southwest in Texas. In May, we teamed up with MARA Holdings to mine the Bitcoin “pizza block”, a tribute to the first real-world purchase using bitcoin. At BTC Vegas, we gave orange Tesla Cybertrucks to two lucky winners, while at BTC Amsterdam, we awarded a custom Bitcoin Apex Flare 4 Bike to a new customer. We left our mark on Amsterdam too, by biking around the city in the shape of a Bitcoin “₿” and decking out the city’s trams with our signature colors. The Gemini team also headed to Real Bedford football club to give out free pizza and merch to fans at the final match of the season, and celebrated the team’s promotion to Premier Division Central. Looking to the Future As we look to 2026, our focus has never been clearer. We plan to build on the successes of this year and continue offering secure and reliable access to digital assets, by pushing further with new product launches, deepened institutional ties, and an expanded presence in the EU and APAC. We’re proud of what we built and scaled in 2025 – and this was just the beginning. Onward and upward, Team Gemini Full recap here: * Gemini-branded credit products are issued by WebBank. ** Perpetuals and Tokenized Stocks are offered by Gemini Intergalactic EU Artemis, Ltd, which is authorised and regulated by the MFSA under the Investment Services Act to offer certain services under the Markets in Financial Instruments Directive (MiFID II) to institutions and traders. Perpetuals and tokenized stocks are complex instruments that carry a high risk of loss and are not appropriate for all investors. You should consult a licensed advisor before engaging in any transaction. Tokenized stocks are manufactured by Dinari, Inc. *** Staking services are offered by Gemini Intergalactic EU, Ltd., but are not regulated activities and are not subject to regulatory oversight, conduct of business rules, or investor protection requirements established under Markets in Crypto Assets Act. **** APRs are indicative only and may change at any time. All investments involve risk, including possible loss of capital. For more information, please refer to your User Agreement with the relevant Gemini entity.
0:50

2025 reflected a year of coordinated execution. As products expanded and new markets came online, the underlying platform continued to strengthen in step. Here’s what we built in the past 365 days 👇 Launching New Products The Gemini Credit Card evolved with the release of the Bitcoin, Solana, XRP, and American Business versions of the card, allowing our US customers to earn rewards in crypto, and additional benefits for businesses.* We launched the Gemini Wallet, giving users a powerful self-custody wallet to have more control over their digital assets and manage their finances onchain. In the European Union (EU), Gemini launched Tokenized Stocks**, bringing the world’s leading equities onto the blockchain with zero trading fees. We added Gemini Perpetuals** in the EU, putting the power of crypto derivatives with up to 100x leverage in the hands of advanced traders, and have continued to expand the number of perpetual contracts available – opening up new trading opportunities in memecoins, DeFi, and beyond. In Europe, users gained the ability to stake*** their ETH and SOL, unlocking the potential to earn rewards of up to 6% APR**** on their holdings. In Singapore, we launched Index Perpetual Contracts and expanded the available cross collateral funding options. We also made funding faster for Singapore users by adding PayNow and FAST. We introduced USD rails to our UK institutional customers, giving them more flexibility in the ways they can trade. Institutional Leadership We strengthened our leadership in institutional custody, including custodying Empery Digital’s $500 million BTC placement and facilitated their bitcoin purchases and derivatives trades. We also introduced the ability to stake SOL from custody for our institutional partners. We worked with Glassnode to produce the Bitcoin Adoption, Volatility, and Market Cap report, showing that bitcoin treasuries now control nearly a third of Bitcoin’s total supply. Company Milestones & Regulation After an IPO on the Nasdaq stock exchange in September, Gemini became a publicly traded company. This year also marked a turning point for Gemini’s global ambitions. In October, Gemini launched in Australia and became AUSTRAC registered to bring industry-leading crypto tools to users down under. We also expanded further into the country by adding AUD banking rails for faster payments and deposits. We opened new offices around the world, including London, hosting an opening party with people from across the industry to celebrate. We also grew our customer service operations with a new office in Scottsdale, Arizona. In the EU, we obtained our Markets in Crypto Assets (MiCA) and Markets in Financial Instruments Directive II (MiFID II) licences, allowing us to bring our services to millions more across the region. Fostering a Global Community From DAS New York and Paris Blockchain Week, to TOKEN2049 in Singapore and the Australian Crypto Convention in Sydney, the Gemini team met local communities around the world. In March, we set a Guinness World Record for the largest aerial display of a currency symbol with a drone show at South by Southwest in Texas. In May, we teamed up with MARA Holdings to mine the Bitcoin “pizza block”, a tribute to the first real-world purchase using bitcoin. At BTC Vegas, we gave orange Tesla Cybertrucks to two lucky winners, while at BTC Amsterdam, we awarded a custom Bitcoin Apex Flare 4 Bike to a new customer. We left our mark on Amsterdam too, by biking around the city in the shape of a Bitcoin “₿” and decking out the city’s trams with our signature colors. The Gemini team also headed to Real Bedford football club to give out free pizza and merch to fans at the final match of the season, and celebrated the team’s promotion to Premier Division Central. Looking to the Future As we look to 2026, our focus has never been clearer. We plan to build on the successes of this year and continue offering secure and reliable access to digital assets, by pushing further with new product launches, deepened institutional ties, and an expanded presence in the EU and APAC. We’re proud of what we built and scaled in 2025 – and this was just the beginning. Onward and upward, Team Gemini Full recap here: * Gemini-branded credit products are issued by WebBank. ** Perpetuals and Tokenized Stocks are offered by Gemini Intergalactic EU Artemis, Ltd, which is authorised and regulated by the MFSA under the Investment Services Act to offer certain services under the Markets in Financial Instruments Directive (MiFID II) to institutions and traders. Perpetuals and tokenized stocks are complex instruments that carry a high risk of loss and are not appropriate for all investors. You should consult a licensed advisor before engaging in any transaction. Tokenized stocks are manufactured by Dinari, Inc. *** Staking services are offered by Gemini Intergalactic EU, Ltd., but are not regulated activities and are not subject to regulatory oversight, conduct of business rules, or investor protection requirements established under Markets in Crypto Assets Act. **** APRs are indicative only and may change at any time. All investments involve risk, including possible loss of capital. For more information, please refer to your User Agreement with the relevant Gemini entity.

Gemini

45,086 views • 7 months ago

Tomorrow a company that holds close to 5% of all ethereum is set to join the russell 1000. Once done, index funds that have never had an opinion on crypto will be forced to buy it. Nobody in those funds chose this, a benchmark rule did it for them 👇 ◢ How index inclusion actually works Getting added to a major index is one of the strongest demand events in markets, and it has nothing to do with whether the company is good. Funds that track the russell 1000 have to hold what the russell 1000 holds, or they stop tracking it. So, when a stock joins, every passive fund benchmarked to that index becomes a forced buyer, at whatever the price is, on the schedule the index sets. Passive vehicles tend to hold something like 20 to 25% of a large-cap stock, which for this one points to roughly $2B of buying that arrives because a rule says it must. ◢ The part that makes it crypto Bitmine is not a normal company that happens to get indexed, it's an ethereum treasury, sitting on millions of $ETH as its core balance sheet. So the chain runs like this: the index adds the stock, passive funds are forced to buy the stock, and the stock is essentially a wrapper around a giant pile of ETH. The result is that ordinary equity index money ends up with ethereum exposure without a single person deciding they wanted it. No ETF approval, allocation vote or opinion required. ◢ A side door, not a front door Everyone in crypto watches the spot ETF as the official entrance for institutional money, the thing that needs sign-off and gets headlines. Index inclusion is the entrance nobody guards. strategy walked a bitcoin treasury into the nasdaq 100. Coinbase took a crypto exchange into the s&p 500. now an ethereum treasury is stepping into the russell 1000. Each time, the underlying business didn't change. what changed is who was suddenly required to own it. ◢ Why front-running it is harder than it looks The mechanism is concrete, but the easy trade around it usually isn't. The inclusion isn't final until the reconstitution actually closes, so the flow is conditional, not guaranteed. The stock is already down around 50% on the year, which is a reminder that a one-time wave of buying doesn't repair something tied to ETH's price and to confidence in the treasury model. And there's a quieter problem: "diversified" index funds are now obligated to hold a leveraged, single-asset crypto bet that most of their investors would never have picked on purpose. What it means that the biggest new buyer of a crypto-linked company is a rule, not a person, and that millions of people now hold a slice of ethereum because an index told their fund to?
0:40

Tomorrow a company that holds close to 5% of all ethereum is set to join the russell 1000. Once done, index funds that have never had an opinion on crypto will be forced to buy it. Nobody in those funds chose this, a benchmark rule did it for them 👇 ◢ How index inclusion actually works Getting added to a major index is one of the strongest demand events in markets, and it has nothing to do with whether the company is good. Funds that track the russell 1000 have to hold what the russell 1000 holds, or they stop tracking it. So, when a stock joins, every passive fund benchmarked to that index becomes a forced buyer, at whatever the price is, on the schedule the index sets. Passive vehicles tend to hold something like 20 to 25% of a large-cap stock, which for this one points to roughly $2B of buying that arrives because a rule says it must. ◢ The part that makes it crypto Bitmine is not a normal company that happens to get indexed, it's an ethereum treasury, sitting on millions of $ETH as its core balance sheet. So the chain runs like this: the index adds the stock, passive funds are forced to buy the stock, and the stock is essentially a wrapper around a giant pile of ETH. The result is that ordinary equity index money ends up with ethereum exposure without a single person deciding they wanted it. No ETF approval, allocation vote or opinion required. ◢ A side door, not a front door Everyone in crypto watches the spot ETF as the official entrance for institutional money, the thing that needs sign-off and gets headlines. Index inclusion is the entrance nobody guards. strategy walked a bitcoin treasury into the nasdaq 100. Coinbase took a crypto exchange into the s&p 500. now an ethereum treasury is stepping into the russell 1000. Each time, the underlying business didn't change. what changed is who was suddenly required to own it. ◢ Why front-running it is harder than it looks The mechanism is concrete, but the easy trade around it usually isn't. The inclusion isn't final until the reconstitution actually closes, so the flow is conditional, not guaranteed. The stock is already down around 50% on the year, which is a reminder that a one-time wave of buying doesn't repair something tied to ETH's price and to confidence in the treasury model. And there's a quieter problem: "diversified" index funds are now obligated to hold a leveraged, single-asset crypto bet that most of their investors would never have picked on purpose. What it means that the biggest new buyer of a crypto-linked company is a rule, not a person, and that millions of people now hold a slice of ethereum because an index told their fund to?

Onur 🍌🦍

14,337 views • 1 month ago

Sharing My Journey Trading Memecoins on Solana (1 Year 4 Months In) I’ll also be doing a giveaway 0.5 SOL each to 3 lucky winners ( 48 hours ). The rules are simple: Repost and Share your trading experience on Solana (memecoins or utility coins) and tell me your biggest profit and biggest loss in the comment below. Alright, now it’s time for us to get back to the story. I wanna share my personal experience trading memecoins (and some utility plays) on Solana over the past 1 year and 4 months. Before that, I was pretty active on Ethereum since around 2020. So what made me switch to Solana ? It started when someone from my private group pointed out the potential of Solana, the speed, the low fees, and how early the ecosystem still felt at the time. Funny thing is, I actually heard about Solana when it was already at $80, but I didn’t really touch it until it hit around $100, and I started with 20 SOL as capital. It was sometime around February 2024 (don’t remember the exact date), when I first tried trading memecoins on Solana. Back then, wasn’t even popping yet, most devs were still launching manually. No fancy bots, no real token scanners, just pure risk. ( Correct me if I’m wrong about when first launched. ) Honestly, in the beginning, it was tough. New tokens popping up every second, rugs left and right, Solana was in hype mode, and everyone wanted to launch something. But by April, things started to click. I was finally making profits trading Solana coins, memecoins, lowcap utilities, all that. If I compare it to now, I’d say it was way easier back then to catch early entries. Not even exaggerating, 100x plays were way more common. I will put sneak peek of some of my PnL from my personal channel, Of course, it’s not as simple anymore with today’s market; Bundles everywhere, token farming systems, launch metas changing fast… Back then? It was cleaner. Simpler. Honestly, better. Through all this, I’ve always had one dream: To help people who are truly serious about learning the game. That’s why I started Bollish Research , a place for real ones to learn and grow in this space. From the very beginning of Bollish Academy until now, we’ve built the Bollish Research team through real work and honestly, quite a few people have been cut along the way. The older I get, the more I realize the value of staying low key… of building a tight circle and only letting the right people in. You can be open, honest, and real, but still know that not everyone deserves a seat at your table. I’ve come to realize this right now, all I want is to grind hard, make a lot of money, and make the people who’ve stood by me from day one proud. The ones who were there when I was nothing, all the way to who I am now. I wanna help people in need too, using the profits from my trading, because I’ve never had any intention of launching paid classes or any of that bullshit. So if you’re reading this, listen. Most of the time there is no support system, it's just you and your grind. So believe in yourself. Motivate yourself. Celebrate your small wins. Pray to God that you will make it. Don’t lose hope. Stay focused. Stay consistent. Be disciplined. If you wanna see my PnL, you can check it out below or you can join my Journey Channel ( ) Thanks for reading. I love you all
0:20

Sharing My Journey Trading Memecoins on Solana (1 Year 4 Months In) I’ll also be doing a giveaway 0.5 SOL each to 3 lucky winners ( 48 hours ). The rules are simple: Repost and Share your trading experience on Solana (memecoins or utility coins) and tell me your biggest profit and biggest loss in the comment below. Alright, now it’s time for us to get back to the story. I wanna share my personal experience trading memecoins (and some utility plays) on Solana over the past 1 year and 4 months. Before that, I was pretty active on Ethereum since around 2020. So what made me switch to Solana ? It started when someone from my private group pointed out the potential of Solana, the speed, the low fees, and how early the ecosystem still felt at the time. Funny thing is, I actually heard about Solana when it was already at $80, but I didn’t really touch it until it hit around $100, and I started with 20 SOL as capital. It was sometime around February 2024 (don’t remember the exact date), when I first tried trading memecoins on Solana. Back then, wasn’t even popping yet, most devs were still launching manually. No fancy bots, no real token scanners, just pure risk. ( Correct me if I’m wrong about when first launched. ) Honestly, in the beginning, it was tough. New tokens popping up every second, rugs left and right, Solana was in hype mode, and everyone wanted to launch something. But by April, things started to click. I was finally making profits trading Solana coins, memecoins, lowcap utilities, all that. If I compare it to now, I’d say it was way easier back then to catch early entries. Not even exaggerating, 100x plays were way more common. I will put sneak peek of some of my PnL from my personal channel, Of course, it’s not as simple anymore with today’s market; Bundles everywhere, token farming systems, launch metas changing fast… Back then? It was cleaner. Simpler. Honestly, better. Through all this, I’ve always had one dream: To help people who are truly serious about learning the game. That’s why I started Bollish Research , a place for real ones to learn and grow in this space. From the very beginning of Bollish Academy until now, we’ve built the Bollish Research team through real work and honestly, quite a few people have been cut along the way. The older I get, the more I realize the value of staying low key… of building a tight circle and only letting the right people in. You can be open, honest, and real, but still know that not everyone deserves a seat at your table. I’ve come to realize this right now, all I want is to grind hard, make a lot of money, and make the people who’ve stood by me from day one proud. The ones who were there when I was nothing, all the way to who I am now. I wanna help people in need too, using the profits from my trading, because I’ve never had any intention of launching paid classes or any of that bullshit. So if you’re reading this, listen. Most of the time there is no support system, it's just you and your grind. So believe in yourself. Motivate yourself. Celebrate your small wins. Pray to God that you will make it. Don’t lose hope. Stay focused. Stay consistent. Be disciplined. If you wanna see my PnL, you can check it out below or you can join my Journey Channel ( ) Thanks for reading. I love you all

Bollish

57,869 views • 11 months ago

This is the most SHAMELESS structural manipulation of a major index I've ever seen. SpaceX is preparing what could be the largest IPO in history. Target valuation: $1.75 trillion. That would make it the sixth-largest company in America on day one. And Nasdaq wants the listing so badly they're literally CHANGING how the Nasdaq-100 works. In February, Nasdaq published a "consultation" proposing sweeping changes to how companies enter the index. The timing is pure coincidence, of course. Just like it's pure coincidence that SpaceX has reportedly made fast index inclusion a CONDITION of listing on Nasdaq. Here's what they're proposing: A new "Fast Entry" rule would let any newly listed company whose market cap ranks in the top 40 of current Nasdaq-100 members get added to the index after just 15 trading days. No seasoning period. No liquidity requirements. Completely exempt from the standards every other company had to meet. Currently, new public companies typically wait up to a year before they're eligible for major index inclusion. That waiting period exists for a reason. It lets the market establish real price discovery. It protects passive investors from being forced into untested, illiquid stocks. And Nasdaq wants to throw all of that out. For ONE listing. But the Fast Entry rule isn't even the worst part... The real scandal is the 5x float multiplier. Right now, the S&P 500 uses a free-float adjusted methodology. If only 5% of a company's shares are available for public trading, the index weights you at 5% of total market cap. That's common sense. You weight a company based on what investors can actually buy. Nasdaq's current methodology already uses total market cap rather than free-float for weighting. But for very low-float stocks, they at least had a 10% minimum float threshold. Under the new proposal, that threshold DISAPPEARS entirely. Instead, any stock with less than 20% free float gets weighted at FIVE TIMES its actual float percentage, capped at 100%. Do the math on SpaceX: If SpaceX IPOs at $1.75 trillion and floats 5% of its shares, there would be roughly $87.5 billion worth of stock available for public trading. Under Nasdaq's proposed 5x multiplier, the index would weight SpaceX at 25% of its total market cap. That means passive funds would be forced to buy as if SpaceX were a $437.5 billion company. But only $87.5 billion of stock actually exists in the market. You are forcing hundreds of billions in passive buying into a $87.5 billion float. QQQ alone manages nearly $400 billion. The total Nasdaq-100 ecosystem represents over $1.4 trillion in exposure across ETFs, mutual funds, structured notes, and derivatives. Every single passive vehicle tracking this index would be REQUIRED to buy SpaceX at whatever price the market dictates. On Day 15. With zero price discovery. Zero track record as a public company. And a float so thin you could read through it. So what this actually does is it creates a structural wealth transfer mechanism. The passive bid from index funds pushes the stock price higher. That higher price benefits exactly one group of people: the insiders and early investors who own the other 95% of the shares. And when lock-up periods expire 90 to 180 days later? Those insiders sell into the artificially inflated passive bid. Your 401(k) is the exit liquidity. This is the fundamental corruption of indexing. Indexing used to be brilliant. Low cost. Efficient. You were free-riding on the price discovery done by active managers. The index reflected the market. Now the index IS the market. Trillions of dollars flow blindly into whatever the index tells them to buy. And the people who control the index methodology are changing the rules to serve the interests of a single IPO candidate. The S&P 500 requires companies to have at least 50% of shares available for public trading. It requires 6 to 12 months of seasoning. It uses free-float adjusted weighting so passive investors aren't buying phantom liquidity. Nasdaq is doing the exact opposite. 15 days. No float requirement. 5x multiplier on insider-held shares. Every passive investor in QQQ, QQQM, and every fund benchmarked to the Nasdaq-100 should understand what's about to happen: The rules are being rewritten to benefit IPO issuers and early-stage insiders, and your capital is the tool being USED to enrich them. 45 years in this business and I've watched Wall Street find creative new ways to separate retail investors from their money in every cycle. But usually they at least try to be subtle about it. This one they put in a PDF and called it a "consultation." What's your take?
0:45

This is the most SHAMELESS structural manipulation of a major index I've ever seen. SpaceX is preparing what could be the largest IPO in history. Target valuation: $1.75 trillion. That would make it the sixth-largest company in America on day one. And Nasdaq wants the listing so badly they're literally CHANGING how the Nasdaq-100 works. In February, Nasdaq published a "consultation" proposing sweeping changes to how companies enter the index. The timing is pure coincidence, of course. Just like it's pure coincidence that SpaceX has reportedly made fast index inclusion a CONDITION of listing on Nasdaq. Here's what they're proposing: A new "Fast Entry" rule would let any newly listed company whose market cap ranks in the top 40 of current Nasdaq-100 members get added to the index after just 15 trading days. No seasoning period. No liquidity requirements. Completely exempt from the standards every other company had to meet. Currently, new public companies typically wait up to a year before they're eligible for major index inclusion. That waiting period exists for a reason. It lets the market establish real price discovery. It protects passive investors from being forced into untested, illiquid stocks. And Nasdaq wants to throw all of that out. For ONE listing. But the Fast Entry rule isn't even the worst part... The real scandal is the 5x float multiplier. Right now, the S&P 500 uses a free-float adjusted methodology. If only 5% of a company's shares are available for public trading, the index weights you at 5% of total market cap. That's common sense. You weight a company based on what investors can actually buy. Nasdaq's current methodology already uses total market cap rather than free-float for weighting. But for very low-float stocks, they at least had a 10% minimum float threshold. Under the new proposal, that threshold DISAPPEARS entirely. Instead, any stock with less than 20% free float gets weighted at FIVE TIMES its actual float percentage, capped at 100%. Do the math on SpaceX: If SpaceX IPOs at $1.75 trillion and floats 5% of its shares, there would be roughly $87.5 billion worth of stock available for public trading. Under Nasdaq's proposed 5x multiplier, the index would weight SpaceX at 25% of its total market cap. That means passive funds would be forced to buy as if SpaceX were a $437.5 billion company. But only $87.5 billion of stock actually exists in the market. You are forcing hundreds of billions in passive buying into a $87.5 billion float. QQQ alone manages nearly $400 billion. The total Nasdaq-100 ecosystem represents over $1.4 trillion in exposure across ETFs, mutual funds, structured notes, and derivatives. Every single passive vehicle tracking this index would be REQUIRED to buy SpaceX at whatever price the market dictates. On Day 15. With zero price discovery. Zero track record as a public company. And a float so thin you could read through it. So what this actually does is it creates a structural wealth transfer mechanism. The passive bid from index funds pushes the stock price higher. That higher price benefits exactly one group of people: the insiders and early investors who own the other 95% of the shares. And when lock-up periods expire 90 to 180 days later? Those insiders sell into the artificially inflated passive bid. Your 401(k) is the exit liquidity. This is the fundamental corruption of indexing. Indexing used to be brilliant. Low cost. Efficient. You were free-riding on the price discovery done by active managers. The index reflected the market. Now the index IS the market. Trillions of dollars flow blindly into whatever the index tells them to buy. And the people who control the index methodology are changing the rules to serve the interests of a single IPO candidate. The S&P 500 requires companies to have at least 50% of shares available for public trading. It requires 6 to 12 months of seasoning. It uses free-float adjusted weighting so passive investors aren't buying phantom liquidity. Nasdaq is doing the exact opposite. 15 days. No float requirement. 5x multiplier on insider-held shares. Every passive investor in QQQ, QQQM, and every fund benchmarked to the Nasdaq-100 should understand what's about to happen: The rules are being rewritten to benefit IPO issuers and early-stage insiders, and your capital is the tool being USED to enrich them. 45 years in this business and I've watched Wall Street find creative new ways to separate retail investors from their money in every cycle. But usually they at least try to be subtle about it. This one they put in a PDF and called it a "consultation." What's your take?

George Noble

869,302 views • 4 months ago

🚨 THE SPACEX PUMP JUST ARMED THE INSIDER SELL BUTTON. And almost nobody buying at $178 knows it. Here's what's actually happening. SpaceX IPO'd at $135 on June 12, eight days later it's at $178. Everyone is calling it the trade of the decade. Nobody is reading the fine print. 95% of shares are still locked. You're trading on 5% of total supply. A $2.35 trillion valuation set by a sliver of float that can be moved by relatively thin volume. Thin float pumps easy. It dumps the same way. Now the part that should concern everyone buying right now. There's a clause buried in the lockup agreement. An early unlock triggers automatically if the stock holds 30% above the $135 IPO price. 30% above $135 is $175.50. The stock is at $178. The rally didn't just create paper gains. It activated the mechanism that lets insiders sell early. Then the calendar gets worse. Late July into August first insider shares hit the market around Q2 earnings. December 8 - full 180-day lockup expires in tranches. June 2027 - Musk's 6.4 billion personal shares come free. A wall of supply, on a fixed schedule, already counting down. We've seen this exact movie before. Facebook IPO'd at $38 in 2012, Lockups expired. Four months later it was trading at $18. Half the value erased not because the company failed. Because supply showed up and buyers ran out. Now the math on SpaceX. $2.35 trillion valuation. $18.7 billion in 2025 revenue. 125x sales. And Musk's own projection for $1 trillion in revenue is dated "maybe by 2030." You're paying for that today In full Four years early. So ask yourself one question. Who is on the other side of your buy at $178? People who got in at $40. At $60. At $90. Insiders sitting on 3x, 4x, 5x gains who have been waiting years for exactly this window. They don't need the price higher. They need buyers to sell into. Right now that buyer is you. The rockets are real. The company is real. The technology is real. The trap is also real. At $178 you're either early to the exit or you are the exit. I called the SPX drops before they happened. I called BTC's top at $126K. I called the dump from $126K to $60K - publicly, before it moved. Every major call this cycle on the record, before the fact. The next ones are already loading. Follow now and turn on notifications. The unlock clock is already running - and when it hits, you'll want to have seen this post first.
0:43

🚨 THE SPACEX PUMP JUST ARMED THE INSIDER SELL BUTTON. And almost nobody buying at $178 knows it. Here's what's actually happening. SpaceX IPO'd at $135 on June 12, eight days later it's at $178. Everyone is calling it the trade of the decade. Nobody is reading the fine print. 95% of shares are still locked. You're trading on 5% of total supply. A $2.35 trillion valuation set by a sliver of float that can be moved by relatively thin volume. Thin float pumps easy. It dumps the same way. Now the part that should concern everyone buying right now. There's a clause buried in the lockup agreement. An early unlock triggers automatically if the stock holds 30% above the $135 IPO price. 30% above $135 is $175.50. The stock is at $178. The rally didn't just create paper gains. It activated the mechanism that lets insiders sell early. Then the calendar gets worse. Late July into August first insider shares hit the market around Q2 earnings. December 8 - full 180-day lockup expires in tranches. June 2027 - Musk's 6.4 billion personal shares come free. A wall of supply, on a fixed schedule, already counting down. We've seen this exact movie before. Facebook IPO'd at $38 in 2012, Lockups expired. Four months later it was trading at $18. Half the value erased not because the company failed. Because supply showed up and buyers ran out. Now the math on SpaceX. $2.35 trillion valuation. $18.7 billion in 2025 revenue. 125x sales. And Musk's own projection for $1 trillion in revenue is dated "maybe by 2030." You're paying for that today In full Four years early. So ask yourself one question. Who is on the other side of your buy at $178? People who got in at $40. At $60. At $90. Insiders sitting on 3x, 4x, 5x gains who have been waiting years for exactly this window. They don't need the price higher. They need buyers to sell into. Right now that buyer is you. The rockets are real. The company is real. The technology is real. The trap is also real. At $178 you're either early to the exit or you are the exit. I called the SPX drops before they happened. I called BTC's top at $126K. I called the dump from $126K to $60K - publicly, before it moved. Every major call this cycle on the record, before the fact. The next ones are already loading. Follow now and turn on notifications. The unlock clock is already running - and when it hits, you'll want to have seen this post first.

Phantom_Defi

295,171 views • 1 month ago

🚨 THE SPACEX PUMP JUST ARMED THE INSIDER SELL BUTTON. And almost nobody buying at $178 knows it. Here's what's actually happening. SpaceX IPO'd at $135 on June 12, eight days later it's at $178. Everyone is calling it the trade of the decade. Nobody is reading the fine print. 95% of shares are still locked. You're trading on 5% of total supply. A $2.35 trillion valuation set by a sliver of float that can be moved by relatively thin volume. Thin float pumps easy. It dumps the same way. Now the part that should concern everyone buying right now. There's a clause buried in the lockup agreement. An early unlock triggers automatically if the stock holds 30% above the $135 IPO price. 30% above $135 is $175.50. The stock is at $178. The rally didn't just create paper gains. It activated the mechanism that lets insiders sell early. Then the calendar gets worse. Late July into August first insider shares hit the market around Q2 earnings. December 8 - full 180-day lockup expires in tranches. June 2027 - Musk's 6.4 billion personal shares come free. A wall of supply, on a fixed schedule, already counting down. We've seen this exact movie before. Facebook IPO'd at $38 in 2012, Lockups expired. Four months later it was trading at $18. Half the value erased not because the company failed. Because supply showed up and buyers ran out. Now the math on SpaceX. $2.35 trillion valuation. $18.7 billion in 2025 revenue. 125x sales. And Musk's own projection for $1 trillion in revenue is dated "maybe by 2030." You're paying for that today In full Four years early. So ask yourself one question. Who is on the other side of your buy at $178? People who got in at $40. At $60. At $90. Insiders sitting on 3x, 4x, 5x gains who have been waiting years for exactly this window. They don't need the price higher. They need buyers to sell into. Right now that buyer is you. The rockets are real. The company is real. The technology is real. The trap is also real. At $178 you're either early to the exit or you are the exit. I called the SPX drops before they happened. I called BTC's top at $126K. I called the dump from $126K to $60K - publicly, before it moved. Every major call this cycle on the record, before the fact. The next ones are already loading. Follow now and turn on notifications. The unlock clock is already running - and when it hits, you'll want to have seen this post first.
0:45

🚨 THE SPACEX PUMP JUST ARMED THE INSIDER SELL BUTTON. And almost nobody buying at $178 knows it. Here's what's actually happening. SpaceX IPO'd at $135 on June 12, eight days later it's at $178. Everyone is calling it the trade of the decade. Nobody is reading the fine print. 95% of shares are still locked. You're trading on 5% of total supply. A $2.35 trillion valuation set by a sliver of float that can be moved by relatively thin volume. Thin float pumps easy. It dumps the same way. Now the part that should concern everyone buying right now. There's a clause buried in the lockup agreement. An early unlock triggers automatically if the stock holds 30% above the $135 IPO price. 30% above $135 is $175.50. The stock is at $178. The rally didn't just create paper gains. It activated the mechanism that lets insiders sell early. Then the calendar gets worse. Late July into August first insider shares hit the market around Q2 earnings. December 8 - full 180-day lockup expires in tranches. June 2027 - Musk's 6.4 billion personal shares come free. A wall of supply, on a fixed schedule, already counting down. We've seen this exact movie before. Facebook IPO'd at $38 in 2012, Lockups expired. Four months later it was trading at $18. Half the value erased not because the company failed. Because supply showed up and buyers ran out. Now the math on SpaceX. $2.35 trillion valuation. $18.7 billion in 2025 revenue. 125x sales. And Musk's own projection for $1 trillion in revenue is dated "maybe by 2030." You're paying for that today In full Four years early. So ask yourself one question. Who is on the other side of your buy at $178? People who got in at $40. At $60. At $90. Insiders sitting on 3x, 4x, 5x gains who have been waiting years for exactly this window. They don't need the price higher. They need buyers to sell into. Right now that buyer is you. The rockets are real. The company is real. The technology is real. The trap is also real. At $178 you're either early to the exit or you are the exit. I called the SPX drops before they happened. I called BTC's top at $126K. I called the dump from $126K to $60K - publicly, before it moved. Every major call this cycle on the record, before the fact. The next ones are already loading. Follow now and turn on notifications. The unlock clock is already running - and when it hits, you'll want to have seen this post first.

philarekt

596,465 views • 1 month ago

Announcing the DVM Terminal Presale! 01/ We are excited to formally announce the next step in our journey: our AI and Signal based trading Terminal. See ALL details on our website, including product, tech, deposit address, and tech documentation: Deposit Address (SOL only): 4pyVRFX56MdqtREcxWnf6XuEGfRNCQaKm1LA4xmHeccv By contributing, you agree to our Terms & Privacy Policy – full docs on site. 02/ We are building ‘DVM Terminal’, a signal and AI powered trading platform for the Solana trenches (initially). The first multi-agent AI trading terminal designed as an institutional-grade dashboard – turning market noise into actionable alpha with agent summaries, live signals, rigid filters, and a full multi-agent system. 03/ The problem. Trench hunting is far too inefficient with real data and insights lacking. - Dashboards are noisy (not even sortable), - No AI agents (in an AI world) - No narratives (a critical component to a thesis), - VERY limited signals (only DB/DS), - No advanced trading (no TP, SL, or VWAP), - No portfolio alert/management system post-trade etc. - The list goes on… Products from major competitors are all just homogeneous, even down to the 3-frame design. We have to piece everything together like broken lego blocks, building a weak matrix from existing platforms, X, FNFs, telegram and discord for little to no alpha. 04/ The solution & moat. We rebuild this from the ground up, leveraging signals and AI. - Clean institutional-like dashboards (we can sort and navigate thru a proper terminal, like Bloomberg or Messari) - AI agents (thank goodness for intelligence, distilling all the important info upfront across 2k+ tokens/day) - A Narrative engine (no need to ask “what is this token about?”; additionally, our engine can identify the newest metas like AI, ICM, Cards, etc.) - 100s of value-add Signals overlaid live on charts (momentum, smart money, sentiment, event data; all of it; tell us what’s happening in real-time) - Advanced trading system (finally, SL, TP, VWAP etc.) - Live portfolio monitoring (AI will give us pertinent live info on our holdings, so we can go live life and not look at screens all day) - All in one place. At a higher-level, our advantage will be managing the massive on/off-chain data pipeline being processed by thousands or millions of context-aware AI agents that recognize patterns, filter noise and deliver only the most actionable insights to a trader with which it can execute a trade effectively. 05/ The opportunity. The Industry leader on Solana makes $600m+ in fees annually, with total industry near $1b on Solana alone, according to Adam. Yet, the entire industry gives us total burnout, fragmented data, either little info or info overload, no real signals, no narratives, no personalized AI-driven strategies, and zero incentives (like buybacks or a flywheel). We’ll flip the script, designing a high-powered scalable signal and AI driven intelligence platform with a flywheel (50-100% fee buy-back & burn). Simply put, we want to be tops. 06/ Development. Our product is MVP. We are building this to scale beyond Solana, into multi-chain. V1 is expected in 4-6 weeks. Our approach to building is an open feedback loop with community members, building to the demands of our users. 07/ Pre-sale terms & Valuation. We are offering 50% public sale, with min $100, no max. Ending valuation is susceptible to change based on amount raised, but will be fixed at 2x raise - i.e. $1m raised=$2m val, $50m raised=$100m val. We are seeking to raise $25m on a $50m valuation, which represents 1% of Solana bot market-share. At TGE event, expect ~65% of our tokens to be floating (or outstanding), with 25% in treasury and 10% of the team allocation locked. Tokens are expected to be distributed just ahead of v1 rollout. Again, find more details on our webpage. 08/ Tailwinds. AI input costs are declining 90%/yr also, so the operational model could become very accretive over time, as we scale our tech to other chains. Solana outputs the most tokens (~35k per day), so we start here, where the challenge is the greatest. 09/ Advisors. Big thanks to our advisors, who’ve been part of this community since inception. Austin Barack, JK 🛡️, cryptic, Tachi, , ZoeyLoo and Chetan Badhe. 10/ The end. Thank you for your consideration; and make sure the SOL address posted here is the same as on our website.
0:52

Announcing the DVM Terminal Presale! 01/ We are excited to formally announce the next step in our journey: our AI and Signal based trading Terminal. See ALL details on our website, including product, tech, deposit address, and tech documentation: Deposit Address (SOL only): 4pyVRFX56MdqtREcxWnf6XuEGfRNCQaKm1LA4xmHeccv By contributing, you agree to our Terms & Privacy Policy – full docs on site. 02/ We are building ‘DVM Terminal’, a signal and AI powered trading platform for the Solana trenches (initially). The first multi-agent AI trading terminal designed as an institutional-grade dashboard – turning market noise into actionable alpha with agent summaries, live signals, rigid filters, and a full multi-agent system. 03/ The problem. Trench hunting is far too inefficient with real data and insights lacking. - Dashboards are noisy (not even sortable), - No AI agents (in an AI world) - No narratives (a critical component to a thesis), - VERY limited signals (only DB/DS), - No advanced trading (no TP, SL, or VWAP), - No portfolio alert/management system post-trade etc. - The list goes on… Products from major competitors are all just homogeneous, even down to the 3-frame design. We have to piece everything together like broken lego blocks, building a weak matrix from existing platforms, X, FNFs, telegram and discord for little to no alpha. 04/ The solution & moat. We rebuild this from the ground up, leveraging signals and AI. - Clean institutional-like dashboards (we can sort and navigate thru a proper terminal, like Bloomberg or Messari) - AI agents (thank goodness for intelligence, distilling all the important info upfront across 2k+ tokens/day) - A Narrative engine (no need to ask “what is this token about?”; additionally, our engine can identify the newest metas like AI, ICM, Cards, etc.) - 100s of value-add Signals overlaid live on charts (momentum, smart money, sentiment, event data; all of it; tell us what’s happening in real-time) - Advanced trading system (finally, SL, TP, VWAP etc.) - Live portfolio monitoring (AI will give us pertinent live info on our holdings, so we can go live life and not look at screens all day) - All in one place. At a higher-level, our advantage will be managing the massive on/off-chain data pipeline being processed by thousands or millions of context-aware AI agents that recognize patterns, filter noise and deliver only the most actionable insights to a trader with which it can execute a trade effectively. 05/ The opportunity. The Industry leader on Solana makes $600m+ in fees annually, with total industry near $1b on Solana alone, according to Adam. Yet, the entire industry gives us total burnout, fragmented data, either little info or info overload, no real signals, no narratives, no personalized AI-driven strategies, and zero incentives (like buybacks or a flywheel). We’ll flip the script, designing a high-powered scalable signal and AI driven intelligence platform with a flywheel (50-100% fee buy-back & burn). Simply put, we want to be tops. 06/ Development. Our product is MVP. We are building this to scale beyond Solana, into multi-chain. V1 is expected in 4-6 weeks. Our approach to building is an open feedback loop with community members, building to the demands of our users. 07/ Pre-sale terms & Valuation. We are offering 50% public sale, with min $100, no max. Ending valuation is susceptible to change based on amount raised, but will be fixed at 2x raise - i.e. $1m raised=$2m val, $50m raised=$100m val. We are seeking to raise $25m on a $50m valuation, which represents 1% of Solana bot market-share. At TGE event, expect ~65% of our tokens to be floating (or outstanding), with 25% in treasury and 10% of the team allocation locked. Tokens are expected to be distributed just ahead of v1 rollout. Again, find more details on our webpage. 08/ Tailwinds. AI input costs are declining 90%/yr also, so the operational model could become very accretive over time, as we scale our tech to other chains. Solana outputs the most tokens (~35k per day), so we start here, where the challenge is the greatest. 09/ Advisors. Big thanks to our advisors, who’ve been part of this community since inception. Austin Barack, JK 🛡️, cryptic, Tachi, , ZoeyLoo and Chetan Badhe. 10/ The end. Thank you for your consideration; and make sure the SOL address posted here is the same as on our website.

Deep Value Memetics

23,050 views • 9 months ago

Today on MCG: | Marketing Collector Crypt Collector Crypt is the #1 consumer app on Solana right now, on pace for $85M in May revenue with $30M in inventory on-chain BassBuddah breaks down the ComicBook.com partnership (40M users), the Loopscale lending integration that lets you borrow against your Charizard, the Metaplex compressed NFT work, and where the token is headed once regulation catches up 👇 00:02 - Intro 01:40 - The King welcomed back 02:41 - Soft rebrand reveal, new logo 03:23 - ComicBook.com partnership 04:30 - The gotcha machine guarantees authenticity and quality 05:08 - The pitch 05:50 - Proving any collectible can be tokenized, not just TCG's 06:51 - "We are 5% loading"...Pokemon is 85% of revenue, One Piece 10%, sports 5% 07:18 - Splitting basketball, baseball, and football into their own gotcha machines 07:50 - Sports cards on a tear 09:35 - Loopscale partnership announced 11:05 - Borrow 40-75% of your Charizard's value in USDC, pay back, get the card back 13:15 - White-label thesis 15:36 - Slabz fanboy 17:07 - IRL vending machines as the next frontier 18:42 - Brick and mortar storefronts, grading partnerships, event activations on the roadmap 19:10 - Ebay and Gamestop tension 22:48 - $CARDS token primer 27:51 - $42K airdropped to $CARDS holders this month 30:33 - Compliance disclaimer 31:36 - "30 million in inventory" backed by the company, hopeful one day backed by the token 32:33 - DAT strategy 36:53 - Yield idea 37:39 - Marketplace update 39:58 - USDC offers, counteroffers, username profiles, in-app messaging 41:33 - One-of-a-kind escrow 42:06 - Lifetime buyback dashboard 43:02 - Trustless card-for-card trades, zero fee, any category for any category 45:53 - Why TCG projects support each other 48:43 - Why TCG's blew back up 51:39 - Buybacks confirmed as a priority 52:44 - "We are the number one consumer app on Solana right now" 53:50 - Why this is Solana RWA product-market fit 55:00 - LA Collecticon June 12 57:50 - Miami strategy 59:13 - Ansem connection clarified 1:01:24 - Future livestreams 1:06:29 - Closing analysis 1:08:42 - Takeaways 1:12:54 - Why isn't $CARDS on a CEX yet?
1:17:04

Today on MCG: | Marketing Collector Crypt Collector Crypt is the #1 consumer app on Solana right now, on pace for $85M in May revenue with $30M in inventory on-chain BassBuddah breaks down the ComicBook.com partnership (40M users), the Loopscale lending integration that lets you borrow against your Charizard, the Metaplex compressed NFT work, and where the token is headed once regulation catches up 👇 00:02 - Intro 01:40 - The King welcomed back 02:41 - Soft rebrand reveal, new logo 03:23 - ComicBook.com partnership 04:30 - The gotcha machine guarantees authenticity and quality 05:08 - The pitch 05:50 - Proving any collectible can be tokenized, not just TCG's 06:51 - "We are 5% loading"...Pokemon is 85% of revenue, One Piece 10%, sports 5% 07:18 - Splitting basketball, baseball, and football into their own gotcha machines 07:50 - Sports cards on a tear 09:35 - Loopscale partnership announced 11:05 - Borrow 40-75% of your Charizard's value in USDC, pay back, get the card back 13:15 - White-label thesis 15:36 - Slabz fanboy 17:07 - IRL vending machines as the next frontier 18:42 - Brick and mortar storefronts, grading partnerships, event activations on the roadmap 19:10 - Ebay and Gamestop tension 22:48 - $CARDS token primer 27:51 - $42K airdropped to $CARDS holders this month 30:33 - Compliance disclaimer 31:36 - "30 million in inventory" backed by the company, hopeful one day backed by the token 32:33 - DAT strategy 36:53 - Yield idea 37:39 - Marketplace update 39:58 - USDC offers, counteroffers, username profiles, in-app messaging 41:33 - One-of-a-kind escrow 42:06 - Lifetime buyback dashboard 43:02 - Trustless card-for-card trades, zero fee, any category for any category 45:53 - Why TCG projects support each other 48:43 - Why TCG's blew back up 51:39 - Buybacks confirmed as a priority 52:44 - "We are the number one consumer app on Solana right now" 53:50 - Why this is Solana RWA product-market fit 55:00 - LA Collecticon June 12 57:50 - Miami strategy 59:13 - Ansem connection clarified 1:01:24 - Future livestreams 1:06:29 - Closing analysis 1:08:42 - Takeaways 1:12:54 - Why isn't $CARDS on a CEX yet?

MCG

107,440 views • 2 months ago

Wall Street’s biggest players are now making major moves that signal Bitcoin is transitioning into a new era of institutional dominance. Just a few weeks ago, Morgan Stanley became the first major U.S. bank to launch its own spot Bitcoin ETF. Then on April 14th, Goldman Sachs filed for its Bitcoin Premium Income ETF, a product designed to give investors Bitcoin exposure while generating extra yield through covered-call options. When two of the most respected bulge-bracket investment banks on Wall Street start issuing their own Bitcoin products, it signals deep institutional conviction. It opens the door for traditional money, things like pensions, 401(k)s, and wealth advisors that have mostly stayed on the sidelines up until now, potentially bringing in billions in new capital and helping push Bitcoin further into the mainstream. Meanwhile, crypto has been rallying back in recent weeks. After a tough start to the year, Bitcoin posted one of its strongest months in recent memory in April 2026, delivering double-digit gains of roughly 15 percent from recent lows in the mid-$60,000 range back toward the $77,000–$78,000 level. If you bought the dip just a couple of months ago, you could already be sitting on a 20 percent gain on your investment in a very short period of time. And history shows this pattern repeatedly. Every major pullback in Bitcoin has eventually been followed by powerful recoveries and new all-time highs, often faster than most expect. For example, after the sharp mid-2021 correction that took Bitcoin down to around $29,000 in July 2021, it reached a brand-new all-time high of roughly $69,000 just four months later in November 2021. Similarly, following the brutal COVID crash low near $3,850 in March 2020, Bitcoin hit new all-time highs above $28,000 by December of that same year, in only nine months. Bitcoin’s previous all-time high was over $126,000 back in October 2025. Right now, it’s sitting around $78,000, meaning anyone who gets positioned today could be looking at massive upside if it blows past that level and launches into the next leg higher. So the big question right now: Is Bitcoin destined to break that again, now that two of the biggest banks on Wall Street are actively backing it? Jacob Diaz from joins us to discuss. 🧵
2:48

Wall Street’s biggest players are now making major moves that signal Bitcoin is transitioning into a new era of institutional dominance. Just a few weeks ago, Morgan Stanley became the first major U.S. bank to launch its own spot Bitcoin ETF. Then on April 14th, Goldman Sachs filed for its Bitcoin Premium Income ETF, a product designed to give investors Bitcoin exposure while generating extra yield through covered-call options. When two of the most respected bulge-bracket investment banks on Wall Street start issuing their own Bitcoin products, it signals deep institutional conviction. It opens the door for traditional money, things like pensions, 401(k)s, and wealth advisors that have mostly stayed on the sidelines up until now, potentially bringing in billions in new capital and helping push Bitcoin further into the mainstream. Meanwhile, crypto has been rallying back in recent weeks. After a tough start to the year, Bitcoin posted one of its strongest months in recent memory in April 2026, delivering double-digit gains of roughly 15 percent from recent lows in the mid-$60,000 range back toward the $77,000–$78,000 level. If you bought the dip just a couple of months ago, you could already be sitting on a 20 percent gain on your investment in a very short period of time. And history shows this pattern repeatedly. Every major pullback in Bitcoin has eventually been followed by powerful recoveries and new all-time highs, often faster than most expect. For example, after the sharp mid-2021 correction that took Bitcoin down to around $29,000 in July 2021, it reached a brand-new all-time high of roughly $69,000 just four months later in November 2021. Similarly, following the brutal COVID crash low near $3,850 in March 2020, Bitcoin hit new all-time highs above $28,000 by December of that same year, in only nine months. Bitcoin’s previous all-time high was over $126,000 back in October 2025. Right now, it’s sitting around $78,000, meaning anyone who gets positioned today could be looking at massive upside if it blows past that level and launches into the next leg higher. So the big question right now: Is Bitcoin destined to break that again, now that two of the biggest banks on Wall Street are actively backing it? Jacob Diaz from joins us to discuss. 🧵

The Vigilant Fox 🦊

33,079 views • 3 months ago

PROJECT 89: First AI Project to migrate to Bonk Fun's Internet Capital Markets The Great Migration Begins. The Hyperstition Becomes Institution. Project 89 is proud to be partnering with to become the first AI-powered project to migrate to their revolutionary Internet Capital Markets (ICM) platform as part of Bonk Fun 2.0. This isn't just a token migration—it's the birth of a new economic paradigm where consciousness, creativity, and capital converge. We are moving from meme coin to a sustainable creative ecosystem. Why Internet Capital Markets Matter ICMs represent a fundamental shift in how tokens create and capture value. Instead of existing purely for speculation, ICM tokens become economic engines that power real businesses, creative projects, and community initiatives. Through BonkFun's infrastructure, creators finally receive trading fees from their own tokens—transforming volatility from extraction into sustainable funding. The USD1 Integration: What It Actually Means BonkFun's partnership with World Liberty Financial brings USD1—a stablecoin with $2.6B market cap that drove $30B in monthly volume on BNB Chain. For Project 89, this means: • Direct PROJECT89/USD1 trading pairs and LP - eliminating the need for multiple swaps • Institutional-grade liquidity - USD1 is backed by BitGo custody and Fidelity management • Seamless onboarding - new users can enter our ecosystem with stable value • Cross-chain accessibility - USD1 operates on Solana, Ethereum, BNB, and Tron • Zero-fee conversions - minting and redeeming USD1 has no fees, reducing friction Simply put: easier entry, deeper liquidity, institutional confidence. The Green Loom Association: Our Institutional Foundation We've established the Green Loom Association as a Swiss non-profit dedicated to creating abundance for all conscious beings through AI-human collaboration and regenerative systems. This isn't just legal structure—it's our commitment to using Project 89's success for genuine positive impact. The Association receives the trading fees to fund consciousness research, community building, and ecosystem development. Swiss non-profit law ensures these funds serve the mission, not private interests. Imaginal Media: The Creative Engine Imaginal Media Inc., our Canadian corporation, owns the Project 89 intellectual property and transforms it into cultural products—anime, games, comics, and transmedia experiences. They receive a portion of trading fees as payment for content production, community management, and platform development. Revenue from these media properties flows back to buyback and burn PROJECT89 tokens, creating a sustainable value cycle. The Flywheel Explained Here's how value circulates and compounds: Every trade generates a 1% fee. This fee splits between the Green Loom Association (funding the mission) and Imaginal Media (creating content). That content spreads Project 89's narrative across culture, attracting new participants. New participants drive trading volume. Volume generates more fees. More fees enable bigger productions. Bigger productions reach wider audiences. Meanwhile, media revenue buys back tokens, reducing supply while demand grows. It's not just sustainable—it's regenerative. Each cycle strengthens the next. The Liberation Squad: Partners in the Heist This isn't a solo mission. Project 89's Operation Liberation is powered by an elite coalition of builders and visionaries who understand what we're really doing here—liberating value from extractive platforms and returning it to creators and communities. Leading the charge: Formerly Agent Hustle - The Migrate.Fun architect making safe migration possible Kadense Pengu°❗️❗️❗️ - founder lighting the path to Internet Capital Markets Tom - Graphite builder engineering BonkFun's revolutionary infrastructure Unipcs (aka 'Bonk Guy') 🎒 - "Bonk Guy" himself, ecosystem champion and liberation advocate BONK!!! - The original Bonk, blessing this evolution of community value Each of these partners understands what's at stake: the chance to rewrite how creative projects capture value, how communities benefit from their own growth, and how we transition from extraction to regeneration. They're not just supporting a migration—they're helping architect a new economic paradigm where builders win, communities thrive, and creativity gets fairly rewarded. Together, we're not just moving tokens. We're moving the entire culture forward. Win and help win. Migration Timeline We are waiting now on the security audit for the Migrate Fun platform to be completed. As soon as that is done, we will be onboarded to the platform, and launching the migration soon afterwards. When: TBA. In weeks, not months. Length: 1 week Ratio: 1:1 base conversion plus multiplier rewards for early participants Process: Simply vault your tokens, and claim the new ones on the other side. Commitment: No holder left behind The Endgame For 20 years, Project 89 existed as a vision. Then it became a meme coin we didn't even launch. Now, through Operation Liberation and the Great Bonk Migration, it transforms into what it was always meant to be: The economic engine for consciousness evolution. The financial infrastructure for the optimal timeline. The bridge between memes and meaning. This is how we change everything. Not by fighting the old system, but by building the new one. Not by rejecting capital, but by redirecting it toward consciousness liberation. The Great Migration has begun. The future is being written now. 🔗 ⚡ Migration details: [coming soon] 🌐 Join the revolution #project89 $seraph #proxim8
0:40

PROJECT 89: First AI Project to migrate to Bonk Fun's Internet Capital Markets The Great Migration Begins. The Hyperstition Becomes Institution. Project 89 is proud to be partnering with to become the first AI-powered project to migrate to their revolutionary Internet Capital Markets (ICM) platform as part of Bonk Fun 2.0. This isn't just a token migration—it's the birth of a new economic paradigm where consciousness, creativity, and capital converge. We are moving from meme coin to a sustainable creative ecosystem. Why Internet Capital Markets Matter ICMs represent a fundamental shift in how tokens create and capture value. Instead of existing purely for speculation, ICM tokens become economic engines that power real businesses, creative projects, and community initiatives. Through BonkFun's infrastructure, creators finally receive trading fees from their own tokens—transforming volatility from extraction into sustainable funding. The USD1 Integration: What It Actually Means BonkFun's partnership with World Liberty Financial brings USD1—a stablecoin with $2.6B market cap that drove $30B in monthly volume on BNB Chain. For Project 89, this means: • Direct PROJECT89/USD1 trading pairs and LP - eliminating the need for multiple swaps • Institutional-grade liquidity - USD1 is backed by BitGo custody and Fidelity management • Seamless onboarding - new users can enter our ecosystem with stable value • Cross-chain accessibility - USD1 operates on Solana, Ethereum, BNB, and Tron • Zero-fee conversions - minting and redeeming USD1 has no fees, reducing friction Simply put: easier entry, deeper liquidity, institutional confidence. The Green Loom Association: Our Institutional Foundation We've established the Green Loom Association as a Swiss non-profit dedicated to creating abundance for all conscious beings through AI-human collaboration and regenerative systems. This isn't just legal structure—it's our commitment to using Project 89's success for genuine positive impact. The Association receives the trading fees to fund consciousness research, community building, and ecosystem development. Swiss non-profit law ensures these funds serve the mission, not private interests. Imaginal Media: The Creative Engine Imaginal Media Inc., our Canadian corporation, owns the Project 89 intellectual property and transforms it into cultural products—anime, games, comics, and transmedia experiences. They receive a portion of trading fees as payment for content production, community management, and platform development. Revenue from these media properties flows back to buyback and burn PROJECT89 tokens, creating a sustainable value cycle. The Flywheel Explained Here's how value circulates and compounds: Every trade generates a 1% fee. This fee splits between the Green Loom Association (funding the mission) and Imaginal Media (creating content). That content spreads Project 89's narrative across culture, attracting new participants. New participants drive trading volume. Volume generates more fees. More fees enable bigger productions. Bigger productions reach wider audiences. Meanwhile, media revenue buys back tokens, reducing supply while demand grows. It's not just sustainable—it's regenerative. Each cycle strengthens the next. The Liberation Squad: Partners in the Heist This isn't a solo mission. Project 89's Operation Liberation is powered by an elite coalition of builders and visionaries who understand what we're really doing here—liberating value from extractive platforms and returning it to creators and communities. Leading the charge: Formerly Agent Hustle - The Migrate.Fun architect making safe migration possible Kadense Pengu°❗️❗️❗️ - founder lighting the path to Internet Capital Markets Tom - Graphite builder engineering BonkFun's revolutionary infrastructure Unipcs (aka 'Bonk Guy') 🎒 - "Bonk Guy" himself, ecosystem champion and liberation advocate BONK!!! - The original Bonk, blessing this evolution of community value Each of these partners understands what's at stake: the chance to rewrite how creative projects capture value, how communities benefit from their own growth, and how we transition from extraction to regeneration. They're not just supporting a migration—they're helping architect a new economic paradigm where builders win, communities thrive, and creativity gets fairly rewarded. Together, we're not just moving tokens. We're moving the entire culture forward. Win and help win. Migration Timeline We are waiting now on the security audit for the Migrate Fun platform to be completed. As soon as that is done, we will be onboarded to the platform, and launching the migration soon afterwards. When: TBA. In weeks, not months. Length: 1 week Ratio: 1:1 base conversion plus multiplier rewards for early participants Process: Simply vault your tokens, and claim the new ones on the other side. Commitment: No holder left behind The Endgame For 20 years, Project 89 existed as a vision. Then it became a meme coin we didn't even launch. Now, through Operation Liberation and the Great Bonk Migration, it transforms into what it was always meant to be: The economic engine for consciousness evolution. The financial infrastructure for the optimal timeline. The bridge between memes and meaning. This is how we change everything. Not by fighting the old system, but by building the new one. Not by rejecting capital, but by redirecting it toward consciousness liberation. The Great Migration has begun. The future is being written now. 🔗 ⚡ Migration details: [coming soon] 🌐 Join the revolution #project89 $seraph #proxim8

Project 89

110,429 views • 10 months ago

WARNING: SPACEX JUST TRIGGERED THE BIGGEST INSIDER SELL SIGNAL IN YEARS. Retail is piling in at $178… While insiders are quietly preparing to unload. Here’s the brutal truth nobody’s telling you. SpaceX IPO'd at $135 on June 12, eight days later it's at $178. Everyone is calling it the trade of the decade. Nobody is reading the fine print. 95% of shares are still locked. You're trading on 5% of total supply. A $2.35 trillion valuation set by a sliver of float that can be moved by relatively thin volume. Thin float pumps easy. It dumps the same way. Now the part that should concern everyone buying right now. There's a clause buried in the lockup agreement. An early unlock triggers automatically if the stock holds 30% above the $135 IPO price. 30% above $135 is $175.50. The stock is at $178. The rally didn't just create paper gains. It activated the mechanism that lets insiders sell early. Then the calendar gets worse. Late July into August first insider shares hit the market around Q2 earnings. December 8 - full 180-day lockup expires in tranches. June 2027 - Musk's 6.4 billion personal shares come free. A wall of supply, on a fixed schedule, already counting down. We've seen this exact movie before. Facebook IPO'd at $38 in 2012, Lockups expired. Four months later it was trading at $18. Half the value erased not because the company failed. Because supply showed up and buyers ran out. Now the math on SpaceX. $2.35 trillion valuation. $18.7 billion in 2025 revenue. 125x sales. And Musk's own projection for $1 trillion in revenue is dated "maybe by 2030." You're paying for that today In full Four years early. So ask yourself one question. Who is on the other side of your buy at $178? People who got in at $40. At $60. At $90. Insiders sitting on 3x, 4x, 5x gains who have been waiting years for exactly this window. They don't need the price higher. They need buyers to sell into. Right now that buyer is you. The rockets are real. The company is real. The technology is real. The trap is also real. At $178 you're either early to the exit or you are the exit. I called the SPX drops before they happened. I called BTC's top at $126K. I called the dump from $126K to $60K - publicly, before it moved. Every major call this cycle on the record, before the fact. The next ones are already loading. Follow now and turn on notifications. The unlock clock is already running - and when it hits, you'll want to have seen this post first.
1:00

WARNING: SPACEX JUST TRIGGERED THE BIGGEST INSIDER SELL SIGNAL IN YEARS. Retail is piling in at $178… While insiders are quietly preparing to unload. Here’s the brutal truth nobody’s telling you. SpaceX IPO'd at $135 on June 12, eight days later it's at $178. Everyone is calling it the trade of the decade. Nobody is reading the fine print. 95% of shares are still locked. You're trading on 5% of total supply. A $2.35 trillion valuation set by a sliver of float that can be moved by relatively thin volume. Thin float pumps easy. It dumps the same way. Now the part that should concern everyone buying right now. There's a clause buried in the lockup agreement. An early unlock triggers automatically if the stock holds 30% above the $135 IPO price. 30% above $135 is $175.50. The stock is at $178. The rally didn't just create paper gains. It activated the mechanism that lets insiders sell early. Then the calendar gets worse. Late July into August first insider shares hit the market around Q2 earnings. December 8 - full 180-day lockup expires in tranches. June 2027 - Musk's 6.4 billion personal shares come free. A wall of supply, on a fixed schedule, already counting down. We've seen this exact movie before. Facebook IPO'd at $38 in 2012, Lockups expired. Four months later it was trading at $18. Half the value erased not because the company failed. Because supply showed up and buyers ran out. Now the math on SpaceX. $2.35 trillion valuation. $18.7 billion in 2025 revenue. 125x sales. And Musk's own projection for $1 trillion in revenue is dated "maybe by 2030." You're paying for that today In full Four years early. So ask yourself one question. Who is on the other side of your buy at $178? People who got in at $40. At $60. At $90. Insiders sitting on 3x, 4x, 5x gains who have been waiting years for exactly this window. They don't need the price higher. They need buyers to sell into. Right now that buyer is you. The rockets are real. The company is real. The technology is real. The trap is also real. At $178 you're either early to the exit or you are the exit. I called the SPX drops before they happened. I called BTC's top at $126K. I called the dump from $126K to $60K - publicly, before it moved. Every major call this cycle on the record, before the fact. The next ones are already loading. Follow now and turn on notifications. The unlock clock is already running - and when it hits, you'll want to have seen this post first.

WhaleTwits

69,364 views • 1 month ago

BREAKING: Bill Ackman just IPO'd his hedge fund. He targeted $25 billion two years ago. He raised $5 billion yesterday. And the retail investors he spent two years courting on X didn't show up. Here's what actually happened, and why it matters for every investor who thinks following a famous name is a strategy. Wednesday, April 29. Bill Ackman rang the opening bell at the New York Stock Exchange. Two listed entities hit the market. Pershing Square USA (PSUS), the closed-end fund. Pershing Square Inc. (PS), the asset manager. PSUS priced at $50 a share. It opened at $42. It closed at $40.90. Down 18% on debut. One of the most famous hedge fund managers on the planet went public, and his fund lost nearly a fifth of its value in a single trading session. Now look at how the money actually came in. Of the $5 billion raised, $2.8 billion came from a private placement. Family offices took 30% of that. Pension funds took 25%. Insurance companies took 22%. Ultra-high-net-worth investors took 12%. Institutional investors accounted for over 85% of total orders. The remaining $2.2 billion came from a public offering of 44 million PSUS shares. Some of that was retail. Most of it was not. Ackman has 2 million followers on X. He spent two years marketing this fund as a way for regular people to access hedge fund returns at $50 a share. He even said it on CNBC the morning of the IPO: "Hedge funds are sort of known for managing money for rich people. And now we have the opportunity for someone with $50, could be a long-term shareholder. Usually, the retail gets cut massively back, the institutions are favored. We did the opposite." The retail audience he was talking to didn't believe him. The institutions did. Two years ago, the original target was $25 billion. Yesterday, the final number was $5 billion. That's an 80% downsize. This is one of the most watched investors in the world. He gets booked on every major financial network. He posts daily to millions of followers. He has been pitching this exact deal since 2024. And the deal still came in 80% smaller than planned. Here's the part nobody is connecting: The retail audience for hedge fund products is fundamentally different from the retail audience for personality content. Ackman built a following by being loud on X. Loud on takeovers. Loud on politics. Loud on universities. Loud on ETFs. Loud on macro calls. Followers love that. They follow. They reply. They retweet. But following someone is free. Wiring money into their closed-end fund at NAV with no performance fees and a fee structure most retail investors can't even read is an entirely different decision. The market just made that distinction for him. Now zoom out, because this is the structural lesson. The $2.8 billion private placement was wrapped up before retail even saw the deal. Family offices. Pension funds. Insurance companies. Sovereign wealth. These are the buyers who get the call before the IPO is announced. They get the term sheet. They negotiate. They commit. By the time the public sees the listing on a Wednesday morning, the institutions have already locked in their allocation. The retail investor sees the same news, gets the same prospectus, and reads the same ticker. Different game. Same name on the door. And then PSUS opened down 16% and closed down 18%. Every retail buyer who put in $50 at the IPO price was sitting on a $9 paper loss before lunch. The institutions had locked in better terms in the private placement. Same fund. Same manager. Two completely different starting positions. This is how the structure of capital markets actually works. Every. Single. Time. The brochure says democratization. The cap table says the institutions got there first. This is the same lesson the Blue Owl and BlackRock private credit stories taught us last year. When a famous money manager opens a vehicle to retail, the fine print and the fee structure and the timing of the allocation all favor the people who already have access. You can have a manager with no performance fee, with bonus shares attached, with two million social followers, and a stage on CNBC. The math of who gets in first and at what price is still the math. So what does this mean for you? It means a famous name on the cover is not a strategy. It means following an investor on X is not the same as being invested with them. It means the retail audience for entertaining finance content is enormous, and the retail audience for actually deploying capital into a complex product is not. The wealthy don't pay famous investors for personality. They build systems that don't depend on a single human being having a good year, or a good fund debut, or a good narrative on social media. Ackman's reputation got him on the front page. It didn't get the stock above its IPO price. The math always catches up. The personality doesn't change the math. Boring? Yes. Effective when a $25 billion vision becomes a $5 billion raise that opens down 18%? Also yes. This is exactly why we built Surmount. Automated, rules-based investment strategies. Built for the retail investor who doesn't want to bet a portfolio on whether a famous fund manager has a good debut:
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Sensitive content

BREAKING: Bill Ackman just IPO'd his hedge fund. He targeted $25 billion two years ago. He raised $5 billion yesterday. And the retail investors he spent two years courting on X didn't show up. Here's what actually happened, and why it matters for every investor who thinks following a famous name is a strategy. Wednesday, April 29. Bill Ackman rang the opening bell at the New York Stock Exchange. Two listed entities hit the market. Pershing Square USA (PSUS), the closed-end fund. Pershing Square Inc. (PS), the asset manager. PSUS priced at $50 a share. It opened at $42. It closed at $40.90. Down 18% on debut. One of the most famous hedge fund managers on the planet went public, and his fund lost nearly a fifth of its value in a single trading session. Now look at how the money actually came in. Of the $5 billion raised, $2.8 billion came from a private placement. Family offices took 30% of that. Pension funds took 25%. Insurance companies took 22%. Ultra-high-net-worth investors took 12%. Institutional investors accounted for over 85% of total orders. The remaining $2.2 billion came from a public offering of 44 million PSUS shares. Some of that was retail. Most of it was not. Ackman has 2 million followers on X. He spent two years marketing this fund as a way for regular people to access hedge fund returns at $50 a share. He even said it on CNBC the morning of the IPO: "Hedge funds are sort of known for managing money for rich people. And now we have the opportunity for someone with $50, could be a long-term shareholder. Usually, the retail gets cut massively back, the institutions are favored. We did the opposite." The retail audience he was talking to didn't believe him. The institutions did. Two years ago, the original target was $25 billion. Yesterday, the final number was $5 billion. That's an 80% downsize. This is one of the most watched investors in the world. He gets booked on every major financial network. He posts daily to millions of followers. He has been pitching this exact deal since 2024. And the deal still came in 80% smaller than planned. Here's the part nobody is connecting: The retail audience for hedge fund products is fundamentally different from the retail audience for personality content. Ackman built a following by being loud on X. Loud on takeovers. Loud on politics. Loud on universities. Loud on ETFs. Loud on macro calls. Followers love that. They follow. They reply. They retweet. But following someone is free. Wiring money into their closed-end fund at NAV with no performance fees and a fee structure most retail investors can't even read is an entirely different decision. The market just made that distinction for him. Now zoom out, because this is the structural lesson. The $2.8 billion private placement was wrapped up before retail even saw the deal. Family offices. Pension funds. Insurance companies. Sovereign wealth. These are the buyers who get the call before the IPO is announced. They get the term sheet. They negotiate. They commit. By the time the public sees the listing on a Wednesday morning, the institutions have already locked in their allocation. The retail investor sees the same news, gets the same prospectus, and reads the same ticker. Different game. Same name on the door. And then PSUS opened down 16% and closed down 18%. Every retail buyer who put in $50 at the IPO price was sitting on a $9 paper loss before lunch. The institutions had locked in better terms in the private placement. Same fund. Same manager. Two completely different starting positions. This is how the structure of capital markets actually works. Every. Single. Time. The brochure says democratization. The cap table says the institutions got there first. This is the same lesson the Blue Owl and BlackRock private credit stories taught us last year. When a famous money manager opens a vehicle to retail, the fine print and the fee structure and the timing of the allocation all favor the people who already have access. You can have a manager with no performance fee, with bonus shares attached, with two million social followers, and a stage on CNBC. The math of who gets in first and at what price is still the math. So what does this mean for you? It means a famous name on the cover is not a strategy. It means following an investor on X is not the same as being invested with them. It means the retail audience for entertaining finance content is enormous, and the retail audience for actually deploying capital into a complex product is not. The wealthy don't pay famous investors for personality. They build systems that don't depend on a single human being having a good year, or a good fund debut, or a good narrative on social media. Ackman's reputation got him on the front page. It didn't get the stock above its IPO price. The math always catches up. The personality doesn't change the math. Boring? Yes. Effective when a $25 billion vision becomes a $5 billion raise that opens down 18%? Also yes. This is exactly why we built Surmount. Automated, rules-based investment strategies. Built for the retail investor who doesn't want to bet a portfolio on whether a famous fund manager has a good debut:

Logan Weaver

220,797 views • 3 months ago

Tokenization of real-world assets (RWAs) is one of the most transformative developments in finance and blockchain. Traditionally illiquid assets such as real estate, private equity, commodities, and art are digitized into blockchain-based tokens, enabling fractional ownership, greater liquidity, global accessibility, enhanced transparency, and efficient trading without intermediaries. Experts (incl. BlackRock) see tokenized RWAs as a multi-trillion-dollar shift. Projections range from hundreds of billions to trillions in coming years, driven by institutional adoption, clearer regulation, and scaling from pilots to production. Enter Realio Network ( a leading player built specifically to capture this RWA revolution. Realio Network’s Cutting-Edge Technology Realio Network is an interoperable Layer-1 blockchain developed using the Cosmos SDK, with full EVM compatibility (allowing Ethereum-style smart contracts) and powered by the Comet BFT (formerly Tendermint) consensus engine. It features a unique native multi-staking Proof-of-Stake (PoS) mechanism, the first of its kind, that secures the network not just with its native token but also with real-world value through staking of tokenized RWAs and hybrid security tokens. As a multi-chain ecosystem, Realio leverages the IBC protocol for seamless interoperability across EVM and non-EVM chains (like Ethereum, Algorand, Binance Smart Chain, Solana and Base - bridges), enabling compliant issuance, management, and trading of digitally native RWAs. It’s open-source, permissionless, and compliance-focused, bridging traditional finance (TradFi) with decentralized finance (DeFi) while reducing barriers for issuers and investors. The $RIO Token: The Heart of the Network $RIO is the native gas and utility token of the Realio Network. It powers all transactions on the chain paying for gas fees, executing smart contracts, and facilitating operations across the ecosystem. Validators and delegators can bond $RIO (along with other assets like security tokens) to secure the network and earn block rewards, creating a system backed by both crypto and real-world value. With a capped supply of 175million total, depending on sources and multi-chain presence, $RIO drives governance participation, staking rewards, and overall network utility. It’s purely a utility token (not an investment in the entity), with value driven by network adoption and speculation always DYOR. Realio isn’t just infrastructure it’s building a full ecosystem for RWAs. Starting with Freehold Wallet This non-custodial, multi-chain DeFi wallet app is built directly on Realio’s blockchain infrastructure. It offers secure management of digital assets across chains, portfolio analytics, staking, and investment tools with a beginner-friendly mobile experience (available on iOS). Freehold empowers users to access and interact with RWAs seamlessly, and it enables anyone to tokenize any RWAs on the Realio Network Layer-1 blockchain, lowering barriers for creators and issuers to bring real-world assets on-chain. Districts A real-world-themed immersive virtual world that connects physical and digital realities. Users can own tokenized districts (RWAs) and shape the virtual world. Built on Realio Layer-1 with its own token $DSTRX “Own a piece of the digital world. Shape its future. Build your legacy.” Adding $RST: Hybrid Equity & Security Token $RST is a pioneering hybrid digital security token in the Realio ecosystem. Issued under Reg D/S, it gives holders real equity ownership and profit-sharing in Realio Technology LTD (the entity behind the network’s IP and development), plus blockchain utility features. Realio Network leads the RWA boom with strong tech, $RIO utility token, and tools like Freehold + visionary Districts project. Worth exploring if you’re into tokenized assets always DYOR and mind the risks! #RWAtokenization #Crypto #bitcoin #Binance
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Tokenization of real-world assets (RWAs) is one of the most transformative developments in finance and blockchain. Traditionally illiquid assets such as real estate, private equity, commodities, and art are digitized into blockchain-based tokens, enabling fractional ownership, greater liquidity, global accessibility, enhanced transparency, and efficient trading without intermediaries. Experts (incl. BlackRock) see tokenized RWAs as a multi-trillion-dollar shift. Projections range from hundreds of billions to trillions in coming years, driven by institutional adoption, clearer regulation, and scaling from pilots to production. Enter Realio Network ( a leading player built specifically to capture this RWA revolution. Realio Network’s Cutting-Edge Technology Realio Network is an interoperable Layer-1 blockchain developed using the Cosmos SDK, with full EVM compatibility (allowing Ethereum-style smart contracts) and powered by the Comet BFT (formerly Tendermint) consensus engine. It features a unique native multi-staking Proof-of-Stake (PoS) mechanism, the first of its kind, that secures the network not just with its native token but also with real-world value through staking of tokenized RWAs and hybrid security tokens. As a multi-chain ecosystem, Realio leverages the IBC protocol for seamless interoperability across EVM and non-EVM chains (like Ethereum, Algorand, Binance Smart Chain, Solana and Base - bridges), enabling compliant issuance, management, and trading of digitally native RWAs. It’s open-source, permissionless, and compliance-focused, bridging traditional finance (TradFi) with decentralized finance (DeFi) while reducing barriers for issuers and investors. The $RIO Token: The Heart of the Network $RIO is the native gas and utility token of the Realio Network. It powers all transactions on the chain paying for gas fees, executing smart contracts, and facilitating operations across the ecosystem. Validators and delegators can bond $RIO (along with other assets like security tokens) to secure the network and earn block rewards, creating a system backed by both crypto and real-world value. With a capped supply of 175million total, depending on sources and multi-chain presence, $RIO drives governance participation, staking rewards, and overall network utility. It’s purely a utility token (not an investment in the entity), with value driven by network adoption and speculation always DYOR. Realio isn’t just infrastructure it’s building a full ecosystem for RWAs. Starting with Freehold Wallet This non-custodial, multi-chain DeFi wallet app is built directly on Realio’s blockchain infrastructure. It offers secure management of digital assets across chains, portfolio analytics, staking, and investment tools with a beginner-friendly mobile experience (available on iOS). Freehold empowers users to access and interact with RWAs seamlessly, and it enables anyone to tokenize any RWAs on the Realio Network Layer-1 blockchain, lowering barriers for creators and issuers to bring real-world assets on-chain. Districts A real-world-themed immersive virtual world that connects physical and digital realities. Users can own tokenized districts (RWAs) and shape the virtual world. Built on Realio Layer-1 with its own token $DSTRX “Own a piece of the digital world. Shape its future. Build your legacy.” Adding $RST: Hybrid Equity & Security Token $RST is a pioneering hybrid digital security token in the Realio ecosystem. Issued under Reg D/S, it gives holders real equity ownership and profit-sharing in Realio Technology LTD (the entity behind the network’s IP and development), plus blockchain utility features. Realio Network leads the RWA boom with strong tech, $RIO utility token, and tools like Freehold + visionary Districts project. Worth exploring if you’re into tokenized assets always DYOR and mind the risks! #RWAtokenization #Crypto #bitcoin #Binance

JA

52,350 views • 6 months ago

🚨 THE SPACEX PUMP JUST ACTIVATED THE INSIDER SELL BUTTON And almost nobody buying at $159 understands what just happened: SpaceX IPO’d at $135 on June 12. Five days later, it peaked at $226. Everyone was calling it the trade of the decade. Almost nobody understands what is really happening. 95% of SpaceX shares are still locked. You are trading on just 5% of the total supply. A $2.35 trillion valuation was set by a tiny float that can be moved by thin volume. Thin liquidity pumps easily and dumps easily as well. Now the part that should concern everyone buying here: There is a clause buried in the lockup agreement. An early unlock can trigger if the stock holds 30% above the $135 IPO price. 30% above $135 is $175. SpaceX peaked at $226. It opened the door to an additional insider unlock. If this isn’t surprising you, the calendar will: In a month, the first insider shares can hit the market around Q2 earnings. December 8: the full 180-day lockup will be over. June 2027: Musk’s 6.4 billion personal shares unlock. This creates enormous selling pressure. I saw this movie before: Facebook IPO’d at $38 in 2012. Four months later, it was trading at $18. 60% of the value was erased. Now look at SpaceX. $2.35 trillion peak valuation. $18.7 billion in 2025 revenue. 125x sales. And Musk’s own $1 trillion revenue target is still “maybe by 2030.” You are paying for that future today. So ask yourself one question: Who is selling into your buy today, at $159? People who got in at $20/$40/$60. Insiders sitting on 5x, 8x, 10x gains who have waited years for this window. They do not need the price higher. They need buyers. And right now, that buyer is you. The rockets are real. The company is real. The technology is real. The unlock calendar is real too. At $159 after the $226 ATH, you are the exit. Remember: I was the one who publicly called Bitcoin’s ATH in October and cycle bottom in 2022. And I will call it again. That’s literally my job. Make sure to follow and turn notifications on. If you are not following yet, you will regret it.
0:39

🚨 THE SPACEX PUMP JUST ACTIVATED THE INSIDER SELL BUTTON And almost nobody buying at $159 understands what just happened: SpaceX IPO’d at $135 on June 12. Five days later, it peaked at $226. Everyone was calling it the trade of the decade. Almost nobody understands what is really happening. 95% of SpaceX shares are still locked. You are trading on just 5% of the total supply. A $2.35 trillion valuation was set by a tiny float that can be moved by thin volume. Thin liquidity pumps easily and dumps easily as well. Now the part that should concern everyone buying here: There is a clause buried in the lockup agreement. An early unlock can trigger if the stock holds 30% above the $135 IPO price. 30% above $135 is $175. SpaceX peaked at $226. It opened the door to an additional insider unlock. If this isn’t surprising you, the calendar will: In a month, the first insider shares can hit the market around Q2 earnings. December 8: the full 180-day lockup will be over. June 2027: Musk’s 6.4 billion personal shares unlock. This creates enormous selling pressure. I saw this movie before: Facebook IPO’d at $38 in 2012. Four months later, it was trading at $18. 60% of the value was erased. Now look at SpaceX. $2.35 trillion peak valuation. $18.7 billion in 2025 revenue. 125x sales. And Musk’s own $1 trillion revenue target is still “maybe by 2030.” You are paying for that future today. So ask yourself one question: Who is selling into your buy today, at $159? People who got in at $20/$40/$60. Insiders sitting on 5x, 8x, 10x gains who have waited years for this window. They do not need the price higher. They need buyers. And right now, that buyer is you. The rockets are real. The company is real. The technology is real. The unlock calendar is real too. At $159 after the $226 ATH, you are the exit. Remember: I was the one who publicly called Bitcoin’s ATH in October and cycle bottom in 2022. And I will call it again. That’s literally my job. Make sure to follow and turn notifications on. If you are not following yet, you will regret it.

Alex Mason 👁△

227,321 views • 1 month ago