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gum-1
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Bitcoin
is about to pump hard if it keeps following the M2 Money Supply chart
#BTC
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Seeing some tweets referencing a new onchain meta sparked by Circle's IPO Not sure this makes sense tbh: > CRCL is a stock; money won't flow onchain > There is no play like Circle/Tether that has a token (Plasma soon?) > A $1M mcap coin is not the proxy play on a stablecoin IPO
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It's hilarious how crypto investors & VCs are criticising Circle $CRCL for being highly overvalued compared to revenue when they have invested in L1s and L2s with 0 users but somehow are at multi billion dollar valuations Seems like cope
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Another $6.5M outflows from Fartcoin in the last 24 hours The risk off indicator onchain has been flashing for a week now Smart money has sold over $15M so far h/t @mobyagent
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The second largest stablecoin (USDC) is getting praised for raising the same as PumpFun will raise Circle: $1.1B Pump: $1B
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Pumpfun token is bullish for SOL if the tokenomics are the usual (1 yr lock, then vesting) and they do buybacks Why are people trying to flip pump token as bearish? Its proliferation and growth will drive more SOL demand
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