matrixthesun

Stopped trading the chop for 2 weeks, came back tried to knife catch fartcoin and got punished instantly 💀💀💀

Back to chilling until summer is over haha

CLOB wars but it’s a war between DEX CLOBs and CEX CLOBs.

The people have spoken and they want and are willing to trade onchain.

Humbled by the overwhelming support for @bulletxyz_ this week ❤️

Sharing some incredible community-made content on CLOBs and Bullet👇

Market so choppy at the moment, currently long $fartcoin $SPX for cex assets as well as $Kled and $suby for onchain. But think the worst should be over or very close to being over for now if joyful June is to be true.

Alright wtf is $LOUD and why is everyone joining the race to earn mindshare for it?

Seems like @stayloudio IAO kicks off on the 31st with its token $LOUD is launching at a 155K market cap, pretty unique raising model tbh, excited to see how it pans out.

Insane mindshare being already captured too with it occupying almost 70% on the Kaito boards.

Do we think it’s something worth apeing or nah?

Insane Coinbase TWAP, Saylor and his copycats going ham on $btc

Market review for the week

I think currently $BTC is doing a lot of chop, and while things could look bearish on lower timeframes, it might be better to just zoom out.

We did have the Moody's downgrade, but if BTC is being seen as the hard asset it is, it should still continue the uptrend.

Current invalidation would be around $98k for me before thinking that market is properly bearish. Coinbase premium also helps to sustain BTC.

Meanwhile, altcoins have bled quite a bit, but memes and AI agents are surprisingly still outperforming.

Onchain-wise, ICM meta has corrected quite a bit, think winners are slowly establishing themselves. The meta probably continues as long as @pasternak continues his development.

Overall a tricky week, best to stay conservative so that you can't get shaken out if the chop continues.

Highest daily close ever so slightly on $btc

Classic washout as well just a few hours before open as well

been a chaotic week, onchain especially.

good to take the time to evaluate this meta and see which coins are deserving to stay.

feel free to shill bags

looks toppish on $btc, probably wicks below $100k to like $98-99k to take out all the stops at the round number

hope to buy some spot $btc around there for the eventual run up to new highs

in general market is pretty frothy, which is clear from the onchain pvp, but nothing a small wick down can't solve imo before we run back up

Market feels overheated ngl, experiencing many mini rugs onchain as of now, PvP is insane in just 3rd day of meta lol

Looks like as of recent, there’s big anti-VC sentiment again

The space has waken up and is actively against institutional extraction with little repercussions.

If projects never have the community first over the investors, they are likely to fail.

In fact, I think that if projects have the community first, investors can actually make more money in the long run. Wonder why they don’t do this though.

Got lucky on this one lmao $jellyjelly

Current "new meta" launchcoin is weird to be frank.

After all it is mostly washed web 2 founders coming in to extract, except through a launchpad now, idk I am not feeling any novelty like when I first saw $goat.

What do we think?

And before anyone says I am sidelined:

Trump walked back on his tariffs surprisingly and now the market is screaming for the start of the new bull.

Memes have performed the best currently with tickers like $moodeng $wif outperforming greatly. Despite that, memes are not taking the bulk of mindshare according to @KaitoAI, with AI still achieving over 30% in mindshare.

A thesis I have for this is that certain AI projects are still pushing updates such as MCPs in the background whereas memes are still mainly acting as a risk-on indicator and are also possibly experiencing short squeezes across the board.

However, I remain skeptical that the current coins/narratives will be the true outperformers for the rest of this uptrend (if it does continue), especially since a lot of rotations are happening in a short period.

What do we make of that?