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game_for_one
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Some people sold off solid positions to chase Bonk eco coins. As a byproduct, it’s created some attractive entry points elsewhere for us.
#BONK
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When volume fades but price holds, it's often a sign of seller exhaustion, the market's cleared out the weak hands. If you foresee future interest or know the project has a strong upcoming catalyst, this is where positioning makes sense. There’s no resistance left, and even small inflows can shift the tape fast. These are the quiet spots where asymmetric entries are born.
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A project secured $300M AUM right as war headlines hit. Now at a ~$10M market cap. Already Top 10 on Base by value held. Been waiting for an entry - this looks like solid RR once the market calms down and remembers how to count.
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While most scramble for short-term plays and react to noise, the few who research, map out narratives, and position early are the ones who capture the real upside when attention returns. Sol staking narrative plays are starting to move. Some proxies are obvious. Others will only reveal themselves in hindsight.
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Buying a beta of an onchain play rarely ends well. The only time it works is during the initial run-up when the alpha is moving fast and the crowd hasn’t figured out why. In that moment, people scramble for exposure and settle for whatever feels adjacent. That’s when beta bids make sense. But once the reason behind the alpha is understood, the opportunity fades. Coming back to the beta later is almost always a worse trade - liquidity thins, attention shifts, and it turns into a slower, messier PvP game with little edge.
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Most undervalued ICM project and why?
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