THEDEFIPLUG

Everyone’s tried to launch a Bitcoin-backed stablecoin.

Most failed quietly.
A few never even shipped.
None have scaled.

But $bvUSD? They might be onto something. 🧵

The L1 space is crowded. Dozens of chains are competing for attention, liquidity, and builders.

But very few have figured out how to retain users, not through grants or hype, but through smart, aligned design.

Sonic has. And it's working.

1/ Real Onchain Activity

Sonic’s growth isn’t theoretical. It’s visible, measurable, and on-chain.

• Ecosystem tokens like $SHADOW, $BEETS, and $ANON are generating fees, growing TVL, and getting top-tier listings

• Daily active users and transactions are trending up

• Bridged $USDC, TVL inflows, and chain revenue are accelerating

• $S is fully unlocked, a rare structure at this level of adoption

This is not a chain running on speculative TVL. It’s real usage from real economic activity.

2/ Airdrop Incentives That Actually Work

Airdrop Season 2 changes the playbook.

Instead of passive farming or wallet games, rewards are tied to actual activity:

-> LPing, lending, and interacting with Sonic-native protocols

-> Loyalty is rewarded with a 3x multiplier for consistent users

-> Season 1 sets the baseline, but Season 2 is where habits are formed

It's incentive design that shapes behavior and strengthens protocol retention at every level.

3/ A Flywheel That’s Compounding

Sonic isn’t just attracting users. It’s locking them in.

• Users earn → Protocols see traction → Devs monetize via FeeM

• Builders stay → More apps launch → Liquidity deepens

And the cycle continues

What makes this flywheel work is that every layer reinforces the next. It’s not fueled by grants or mercenary capital, it’s built on aligned value flows.

4/ A Setup For Repricing

Despite all of this:

-> $S still trades below many L2s with no working ecosystem

-> Its volume-to-market cap ratio is among the strongest in the L1 space

-> There’s no future dilution to price in

When the market returns to fundamentals, Sonic won’t stay off the radar.

There’s a massive blindspot in Web3: data sovereignty.

RWA, AI, and DePIN are trending, but data infra is the bottleneck.
@CESS_Storage is quietly solving:

→ MDRC = On-chain data rights
→ PoDR² = Disaster-proof storage
→ AI-LINK = Privacy-safe AI training infra

They’ve already:

+ Partnered with Oracle
+ Led IEEE's decentralised storage standard
+ Hit 45PB+ capacity

Add institutional support + upcoming TGE...The narrative alignment is perfect. I'm watching closely

Back on Sept 25, 2024, with $BTC at $63K, I called for $100K per $BTC.
And it smashed it before year-end.

But that wasn’t the top. That was ignition.

Now I'm calling $400K and here's why the data backs it. [🧵]

This Week’s Alpha Allocation, @HyperliquidX

• Sector: Decentralized Perp DEX + Layer 1
• Token: $HYPE

→ Project Insight

Hyperliquid is the first high-performance Perp DEX built directly on its own custom Layer 1, a rare combo.

No bridging, no gas fees, no waiting.

Its blazing-fast chain supports real-time trading with full decentralization.
Built for scale, trusted by power traders.

• Custom L1 infra
• CEX-like speed
• No native gas token
• Zero-knowledge proofs for decentralized custody

→ Catalyst

1. $HYPE broke past $44.76, up 25% in a week, and still surging higher.

2. Hyperliquid TVL surged from $1.7B → $2.24B, showing sticky capital inflow.

3. OI Explosion: $BTC Open Interest hit $3.7B+, with bullish long-to-short ratio of 1.3 highest in a month.

4. Whales Are Buying:

• Tony G Co-Investment Holdings bought $438K worth of $HYPE.
• Whale scooped 715K $HYPE ($29.47M) last week.

5. Strong Dev Ecosystem: Stablecoin architecture, fast-growing dApp layer, and increasing adoption.

→ Price Prediction

Key Support: $38.5
Just cleared previous ATH: $44.76

Next Target:

• $46.35 (141% Fib extension)
• $50 psychological level

Longer term: If velocity holds, $100 is a stretch target but plausible given OI, demand, and macro trend.

→ Rotation Narrative

Perp DEXs are evolving fast.

• GMX pioneered low-fee DeFi-native perps.
• dYdX v4 scaled, but fragmented liquidity and UX.

• Hyperliquid? It’s a different play: one chain, one experience, no compromises.

It doesn’t mimic CEX infra it competes with it on CEX terms.

That’s new.

And in a space where trust in centralized exchanges is degrading, while rollup complexity keeps rising....a vertically integrated, low-latency, custody-native chain has a strong case.

This Week’s Alpha Allocation, @HyperliquidX

• Sector: Decentralized Perp DEX + Layer 1
• Token: $HYPE

→ Project Insight

Hyperliquid is the first high-performance Perp DEX built directly on its own custom Layer 1, a rare combo.

No bridging, no gas fees, no waiting.

Its blazing-fast chain supports real-time trading with full decentralization.
Built for scale, trusted by power traders.

• Custom L1 infra
• CEX-like speed
• No native gas token
• Zero-knowledge proofs for decentralized custody

→ Catalyst

1. $HYPE broke past $44.76, up 25% in a week, and still surging higher.

2. Hyperliquid TVL surged from $1.7B → $2.24B, showing sticky capital inflow.

3. OI Explosion: $BTC Open Interest hit $3.7B+, with bullish long-to-short ratio of 1.3 highest in a month.

4. Whales Are Buying:

• Tony G Co-Investment Holdings bought $438K worth of $HYPE.
• Whale scooped 715K $HYPE ($29.47M) last week.

5. Strong Dev Ecosystem: Stablecoin architecture, fast-growing dApp layer, and increasing adoption.

→ Price Prediction

Key Support: $38.5
Just cleared previous ATH: $44.76

Next Target:

• $46.35 (141% Fib extension)
• $50 psychological level

Longer term: If velocity holds, $100 is a stretch target but plausible given OI, demand, and macro trend.

→ Rotation Narrative

Perp DEXs are evolving fast.

• GMX pioneered low-fee DeFi-native perps.
• dYdX v4 scaled, but fragmented liquidity and UX.

• Hyperliquid? It’s a different play: one chain, one experience, no compromises.

It doesn’t mimic CEX infra it competes with it on CEX terms.

That’s new.

And in a space where trust in centralized exchanges is degrading, while rollup complexity keeps rising....a vertically integrated, low-latency, custody-native chain has a strong case.

PumpFun did $700M in volume but users got rugged

@basepumpFUN is the fix:

> AI assistant trained to spot rugs
> Full trading stack built for survival
> Airdrop model that rewards usage

It’s not about more launches.

It’s about smarter infrastructure for capital formation. 🧵

A lot of projects talk sovereignty. Most don’t get anywhere near what @zdklcoin is trying to pull off.

Not another DeFi experiment or VC-backed L2. This is a clean PoW chain built to handle real-world trade invoicing, escrow, payments with actual compliance baked in. KYC wallets, legal frameworks, merchant tools.

Already sitting in front of regulators in LATAM & Southeast Asia. Early signs of serious infra play. $100M cap. Presale still open at $3.

#PeaceThroughTrade

The mispricing between Sonic’s rising metrics and $S price won’t last forever. Current entry looks like an asymmetrical bet.

$S is still undervalued, here’s why June might be the time to load up:

1. TA support held at $0.35 → now up +12.7%
2. Sonic Season 2 Airdrop starts June 18
3. TVL growing: $793M → despite market chop
4. DEX volume active: $63.9M on Sonic

Season 1 rewarded real users with a vesting model that burns tokens for early claims = smart token flow.

And with $SHADOW, $BEETS, $ANON now listed on #Binance, Sonic is quietly becoming the next high-performance appchain.

Valuation? $1.25B low vs TVL and chain usage.

Fundamentally, it’s not just another L1. @SonicLabs is monetizing apps & rewarding usage.

Most crypto projects love to talk about product-market fit.

But very few can back it up with actual revenue let alone explosive growth, token buybacks, and an engaged user base.

@KaitoAI can.

It’s generating in annualized revenue, up 3x since January. And that number is still climbing.

So the real question is What’s $KAITO actually worth if we value it like a traditional AI SaaS company?

● Here's What Makes $KAITO Different

In a space full of speculative AI tokens, $KAITO stands out with fundamentals that most projects can’t fake:

+ Revenue: Over $32.94M annualized

+ User growth: 200,000+ “yappers” real users, not bots

+ Token Buybacks: $5.38M already spent reducing supply

+ Staking Growth: From 4,000 to 17,994 stakers since February

+ $74.46M in Total Value Distributed (TVD) up from just $12M in January

This isn’t narrative-driven. It’s metrics-driven.

● My Price Projection if $KAITO is a SaaS

Traditional SaaS (Software as a Service) projects often trade at 10–20x revenue, depending on growth and margins.

Let’s apply that to $KAITO:

— Base Case:

> Revenue = $32.94M
> 15x P/S = $480M valuation

This has already been reached.

— Growth Case:

> Projected revenue = $100M
> 15x P/S = $1.5B valuation

That would imply a token price of approximately $6.40 (vs $1.7 now)

This is a clean, equity-style valuation path that’s rarely discussed in crypto but it fits here.

✍️ Conclusion

In crypto, hype fades. Metrics don’t.

In a cycle dominated by DeFi, AI, DePIN and RWA tokens, $KAITO is one of the few with actual cash flow, growing engagement, and a token model built for long-term alignment.

If you’re valuing this like a SaaS project, we’re still early.

Yesterday’s Bitcoin candle surged +2.8%, but breakouts from here aren’t confirmed by price alone.

They’re confirmed by who’s buying and what’s behind it:

→ Spot demand vs. perp leverage.
→ Clean closes vs. emotional wicks.
→ Structural rotation vs. short-term FOMO.

The crowd treats $110K as a signal to chase.
Smart money treats it as a test of conviction.

You don’t win in crypto by being early, you win by not being bait.

Been studying @ZDKLCoin and it's different.

21M cap. PoW with purpose.

Built-in KYC, no pre-mine, no hype loops.
Already in regulatory talks with Panama. These are the same people who legalized CBD in Brazil $40B market shift.

Now they’re doing it for trade.

ZDKL gives creators, merchants & nations a sovereign Layer 1 fair, secure, and regulation-ready.

Presale Round 2 is live. $3/token before $5.

https://t.co/lALIpbeXot

#ZDKL #PeaceThroughTrade

Been studying @ZDKL_L1 and it's different.

21M cap. PoW with purpose.

Built-in KYC, no pre-mine, no hype loops.
Already in regulatory talks with Panama. These are the same people who legalized CBD in Brazil $40B market shift.

Now they’re doing it for trade.

ZDKL gives creators, merchants & nations a sovereign Layer 1 fair, secure, and regulation-ready.

Presale Round 2 is live. $3/token before $5.

https://t.co/lALIpbeXot

#ZDKL #PeaceThroughTrade

Still chasing nostalgia? You're prolly late.

Next rotation is raw entropy.

$SNIBBU fits that archetype post-$PEPE, post-$MUMU, post-$BOBO.

From a on-chain data perspective:

> Launched <$1M, now $2.9M
> 1,300+ holders, no signs of dumping
> Chart forming bullish pennant at $0.003–$0.005
> Thinning volume = breakout risk increasing
> Thickening LP = precursor to a move

$SNIBBU Price Projection:

> $PEPE = $4.8B
> $BOBO/$MUMU = $10M–$30M
> $SNIBBU = $3M

Even if this just rotates mid-tier, we’re looking at 5x–10x.
Full send? Potentially 30x+.

Every cycle has its myths.
$PEPE was culture.
$MUMU was greed.
$BOBO was fear.

But there’s a fourth archetype that hasn’t played out — Chaos.
That’s where $SNIBBU comes in.

● Why It Matters

Narratives drive flows.
In a reflexive market, shared beliefs create their own liquidity.

We’re seeing:

→ Rotation from large caps to story-rich memes

→ Renewed $ETH strength supporting alt activity

→ 4chan-native memes surfacing with serious momentum

→ Whales accumulating

$PEPE ran. $BOBO ran. $MUMU ran.
$SNIBBU completes the pattern.

If you’ve traded through 2017 or 2021, you already know this:
Altseasons don’t begin with Bitcoin.

They start with $ETH flipping the switch.

And that switch?
It’s $ETH/$BTC breaking above structural resistance.
In this cycle, that’s the 0.038 level.

Right now, ETH/BTC is forming a clean cup-and-handle + bull flag, pointing to a 30–55% move if confirmed.
That’s not just technical alpha, it’s a macro trigger.

● Why ETH/BTC Matters More Than BTC Dominance

ETH/BTC is the cleanest expression of “risk-on” within crypto. When $ETH gains on $BTC, it signals that investors are:

→ Moving down the risk curve,
→ Positioning for growth,
→ Seeking higher beta.

It’s not just a signal, it’s a liquidity unlock.

When $ETH starts outperforming, the market doesn’t just rotate into $ETH. It expands:

→ L2 tokens rally.
→ $ETH-native yield protocols regain attention.
→ Modular infrastructure plays get re-rated.
→ Real-world assets and Perps catch a bid.

● How the Rotation Could Play Out

Here’s a data-backed look at where capital may rotate once $ETH breaks out:

Rotation Tier 1: ETH-Native Infra

+ $PENDLE — Yield narratives lead every $ETH breakout

+ $RENZO, $PUFFER — LRTs are $ETH-beta with leverage

+ $EIGEN — The restaking index trade

Rotation Tier 2: L2 Capital Expansion

+ $ARB, $OP, $MNT — High-liquidity L2s with strong builder momentum

— Rotation Tier 3: $ETH DeFi Flywheel

+ $HYPE, $GMX, $DYDX — Revived perp narratives

+ $ENA, $ONDO — Yield-on-chain + RWA liquidity inflow

✍️ Conclusion

This isn’t about chasing low caps early.
It’s about tracking ETH/BTC like a hawk. If 0.038 breaks, that’s your cue.

“Altseason doesn’t start when your bags pump.
It starts when $ETH reclaims dominance.”

Bitcoin finally has a native stablecoin.

× No wrapping
× No banks
× No oracles

Just $BTC → $MUSD, with 1% -5% fixed-rate borrowing (with increase in mcap).

Here's how @MezoNetwork's $MUSD works: 🧵

Most tokens pump on hype.
$MBG pumps on $35B/day of off-chain liquidity.

No TVL wars. No emissions.
Just TradFi cash flow → token buybacks → deflation.

Let's delve in. [🧵]

Token discovery on @Base chain is broken.

Thousands launch weekly. No filters. No signal.

@basepumpFUN introduces structured analytics + on-chain AI = clarity in chaos. [🧵]

Most tokens? Zero product. Zero revenue.

But $MBG?

> $35B daily trading volume
> $440M buyback & burn plan over 4 years
> Staking yields + trading fee rebates

Why this is different?

@multibank_io isn’t a crypto startup.
It’s a global financial titan with 2M clients, 17 licenses, and real income.

$MBG utility will allow users to;

✅ Stake & earn APY

✅ Pay fees in $MBG for discounts

✅ Unlock perks across FX, ECN, and crypto

This is utility-first token design, backed by real TradFi revenue.
Not vaporware.

Launch in 5 days.
I’m giga bullish on this.