sjdedic

Regardless of Hyperliquid upside or not, credit where it's due:

One of the key drivers behind $HYPE's success wasn’t just strong product-market fit and serious revenue traction.

It was the team’s full commitment to the token.

By deciding to return 97% of revenue/value back to the token, they basically turned it into digital equity - and distributed real ownership to the community.

This is how every project should approach token design.

You don’t need to do full buybacks. Reinvestment is fine too, especially in the early phases of a startup. But you do need a clear signal that tokens = equity = ownership.

I’m honestly sick of overengineered tokenomics and scammy ponzis where founders just mint a token to extract more money - only to funnel value into equity structures that line their own pockets.

Massive conflict of interest.

If you’re launching a token, commit to it. Otherwise, don’t bother.

Because if not, you’re just another soft rug in a different costume.

Hyperliquid.

Crossed 7000 yaps today on
@KaitoAI

You may not like it, but this is what peak social reputation looks like in Web3.

gm to absolutely everyone except those trying to suppress $ETH right at major resistance.

We’re about to break out, and after that, it’s a straight run to new ATHs this year.

And there’s nothing you can do about it, so you might as well join us.

To the haters: I love Hyperliquid. I genuinely appreciate everything they've built and honestly believe it's one of the best projects in all of crypto.

But seriously - who’s buying $HYPE at nearly $50B? How is the risk/reward ratio still even remotely reasonable here?

If you think this is going to $500B, I’d actually love to hear a constructive take on why you believe it’ll be worth more than $ETH and $SOL combined.

And if you don’t think it’s going to $500B, then what the hell are you even doing?

hyperretardio

Over the past few weeks, I’ve had an increasing number of calls with founders who come off as extremely scammy, trying to pitch me on blatant pump and dumps or Ponzi schemes.

The market is getting criminally bullish again.

I’m expecting absurd returns over the next 6 months, followed by a major bubble burst, likely triggered by one or two high-profile scams or rug pulls, à la Terra or FTX.

Short-term: bullish
Mid-term: extremely cautious
Long-term: incredibly bullish

Funny how timeframes change everything.

It’s interesting to see more and more CEXs trying to decentralize themselves and get a share of the on-chain pie - most likely driven by fear, as they watch the growing DEX-to-CEX spot trading volume ratio.

Binance was the first mover with Binance Alpha, enabling on-chain trading directly within the main Binance app and interface.

Coinbase also recently announced plans to integrate @base-native DEXs into their ecosystem.

And most recently, Bybit launched @byreal_io, an on-chain liquidity network incubated in-house.

Even though it’s taken much longer than I would have liked, we’re finally seeing clear trends toward the de-monopolization of CEXs - baby steps toward a more transparent, fair, and decentralized on-chain industry.

Just further confirmation, in my view, of how spot-on Infinex is with what they’re building - probably more necessary now than ever, and perfectly aligned with the spirit of the times.

Bullish on-chain finance, bullish Patron NFTs.

Crime season continues

Tron announced to go public in the US through reverse merger

Strong performance from $BID, up over 150% from its recent bottom just two weeks ago.

Thanks to the attention-distribution power of Kaito, people are finally waking up to @CreatorBid as a massively undervalued alternative to Virtuals - $90M FDV vs $2B FDV - and as a less crowded platform for AI agent launches, offering proportionally more upside.

Their highly anticipated V2 could drop at any moment, and it’s expected to shake things up significantly.

AI Agent Summer continues, powered by $BID.

gm to absolutely everyone who held strong and didn’t get shaken out or liquidated last week.

I’ve got a feeling this week’s going to be a good one, big relief candles on the way.

Might be tough to watch for those still on the sidelines.

For anyone questioning whether a stablecoin-focused chain like @PlasmaFDN or @stable makes sense, just take a look at the data from Tron:

Over the past 30 days, Tron generated the second-highest revenue across all blockchains - only behind Solana. It outperformed Ethereum and generated orders of magnitude more than BNB, Base, and others.

Transaction fees on Tron are even surging, but people keep paying them, simply because Tron has become indispensable as a stablecoin chain, as the next chart clearly shows.

Tron holds the second-largest on-chain stablecoin supply after Ethereum, more than the whole rest of the chains combined.

Interestingly, Tron was never intended to become a stablecoin chain. It just evolved that way over time, as innovation on the chain slowed and it became a go-to place for scammy activity, criminal transactions, and money laundering.

Now imagine the possibilities if we had a purpose-built chain with native stablecoin support baked into the protocol, designed from the ground up for this use case - and backed directly by @Tether_to and @paoloardoino.

Wouldn't be surprised if we look at a decacorn in the making here.

Shout out to @Blockworks_ and @JasonYanowitz for the amazing data, best in the industry.

Lately, it feels like the same degens and visionaries who dominated the last cycle have become the biggest mid-curvers of this one - sidelined and confused.

On the left curve, you’ve got GenZ, TikTokers and new entrants who aren’t overthinking anything. They’re going full degen, riding the online casino meta without shame. Memecoins, AI agent narratives, internet-native capital markets - they embrace the gambling nature of crypto and send complete dogshit to 100x without blinking.

Meanwhile, the right curve? It’s now represented by those we used to consider mid-curvers: boomers, suits, institutions. They're piling into the simplest but most meaningful use cases - stablecoins, financial rails, tokenized dollars. Sure, there are beta plays like Plasma and others, but the true blue-chip exposure (Tether, Circle, etc.) is locked up, reserved for TradFi and institutional money aka IPO season.

So what happened to us - the early believers, the ones who helped build this space?

Why are we stuck in the middle, sidelined and bitter while the cycle moves on without us?

The truth is simple: we became the problem.

In a fast-moving space like crypto, you can’t just recycle the same old playbook and expect to stay ahead. What worked last cycle might now be your biggest blind spot.

So stop whining. Start evolving.

Whether you catch the next 100x or sit there watching it happen is entirely up to you.

Learn to unlearn. Adapt or get left behind.

gm to everyone except those still chasing the next meme hoping for a quick buck.

Altseason is coming, but it won’t be random.

The rotation is already shifting toward fundamentals. Real products, real usage, real upside.

Meme coins might have been fun, but it’s over for them.

This time, utility wins.

Conviction is going to beat the casino crowd - always did.

Remarkable how resilient the market is, given the current circumstances - a clear sign of underlying strength.

$BTC down like 5%, $ETH & $SOL not even 10%

Bears look exhausted. Majority are bulls here wanting to send this much higher.

Just wait for the dust to settle, relief candles are coming - and they’ll be divine.

gm to my 7 followers who are still active and showing up day after day.

A massive altseason is on the horizon, and those who stay consistent will be the ones who benefit the most.

Conviction, focus, patience.

This is how generational wealth is made.

$USDC's Circle just raised over $1B in an IPO that was 25x oversubscribed.

$USDT's Tether pulled in $13B in profit in 2024 with the highest profit-per-employee ratio in the world.

$HYPE's Hyperliquid did $840M in annualized fees last month and is continuously growing.

$PUMP's PumpFun pulled $600M in annualized fees last month and is one of the fastest-growing businesses ever, even beyond crypto.

Wake up.

This isn’t about whitepapers and vaporware anymore.

We’re witnessing real businesses - serious, revenue-generating companies - being born on-chain.

And it’s not going unnoticed.

Institutions are watching. The capital is waiting.

The next decacorn is already in the making and somewhere out there.

I wouldn't even be surprised if we will see use cases and apps that will be valued in the 100s of billions, but don't even exist today.

There will be so many more opportunities, and we’re here, right at the source, right on time, to find them on day one.

Let that sink in.

Love seeing @CreatorBid roll out their own Kaito leaderboard - where yappers won’t just earn $BID, but also get exclusive access to upcoming agent launches in their V2.

Virtuals had great momentum recently with Virgen Points and a few solid 100xs for those deep in the AI agent trenches.

That said, CreatorBid has been building some seriously underrated stuff. Feels like that’s about to change in a big way.

AI agent summer about to continue, welcome to the party @philism_ and team.

Just eagerly checked my fat bag of digital oil and can confirm, the internet is full of fake news again.

gm to everyone except Iran, Israel, and weak hands.

We’ve seen this often enough by now: war breaks out, markets panic, crypto dumps.

Then what?

Outperformance.

Give it a week or so and you’ll wish you bought the dip.

Crypto thrives on chaos. Always has.

One of the simplest (yet most common) mistakes founders make:

Launching their token too early.

And I’m not talking weeks or months too early - I mean years.

Truth is, 9 out of 10 projects get this wrong.

There are many reasons.

For the majority (who are just in it for the money), it doesn’t matter - the token is the product.

But even serious builders often fall into the trap:

→ FOMO from bullish market sentiment
→ Pressure from investors looking for returns
→ An impatient community (aka airdrop farmers)

But this is exactly why most tokens nuke post-TGE - no real economic value, no stickiness, no sustainable demand.

The rare exceptions?

Projects like Hyperliquid, Ethena, PumpFun and a few others - they waited.

They built real product-market fit before launching a token.

Which means their token doesn’t rely purely on sentiment and narrative - there’s an actual engine underneath.

Build something people want.
Wait until you hit escape velocity.
Then launch the token to pour fuel on the fire.

Anything else is just pouring water on a flame that was never really burning.

Ethereum is digital oil and it's going to $740K per $ETH.

I love seeing the Ethereum Foundation shifting from idealism to capitalism, and it's great to see @Etherealize_io actively driving the narrative.

From self-sabotaging idealists to full-on shillers selling the vision to big institutions - simple, bold, and packed with upside.

We’ve got an Ethereum Foundation in 100x leverage war mode now. They won’t rest until institutions wake up and start shifting tens of billions into the ETF.

Being bullish on Ethereum over the last few years might’ve been mid-curved.

But sleeping on $ETH now?

I don't even have words for that.