Morning Edition

Let's talk $PUMP buybacks Buybacks imo should always be viewed through the same lens as bodybuilding. You will not see the growth overnight, or the impact from lifting if you look in the mirror each day. It will however have an impact over time. The coins themselves can be viewed as real physical supply. In a bear market, there is always more supply than demand. No coin is immune to that broadly speaking. In this case, they have removed 15.15% of the supply forever. Those coins are deleted, they can no longer be sold again. Each day, the max supply shrinks, so the longer price trades at this mc with these revenues, the less supply is available. Eventually, all of that supply would be absorbed until there were no willing sellers at these prices. Short term flows dicate the intraday moves which are of course larger than the revenue. So its important to keep that in mind. These revenues have largely been in a bear market, not in a bull market which could easily see these 2-3x. Either way. Time + revenue will do it's work. Just not always in the way you think. It is clear to me that the sell momentum has stalled, and like a pendulum markets always swing the other way. Whether you agree with their business or not, the numbers are real, and verifiable on chain. Do you want to be right, or do you want to make money? That's the question. If we are entering a crypto bull market, than this is one of the best bets there is due to attention + the sol economy. it's a beneficiary of both. Imo, this is good for a few, to several multiples. But time will tell. 400k per day, over another 3-6 months at this MC? I'm not sure the willing supply exists at this price point. I think demand > supply. I dont think there is any large, liquid crypto that has this revenue to MC in terms of buybacks which makes this so appealing. It could, and should be trading much higher. Imo had to wait out the price capitulation + time capitulation for this to work My plan is to add another 100m this week, bringing me to 500m Pump, and potentially, and tactically add another 500m at obvious HL points, or levels I deem important personally. When I have conviction on a trade, this is the way i do it. If I don't, I typically just set a hard entry/target.

Tendies with extra dip for dinner Comfy in spot https://t.co/CiW16gIQXV

If you’re not giving the Robinhood Chain ecosystem a chance, you’re not thinking hard enough about it. https://t.co/ylXX1Zifs8

$pump already +20% Will look for spots to add and drop my thesis tmw. In terms of adding. Looking for logical HL’s of course

Number one soon

PENGU proliferation is real 🎯

NEW: @HyperliquidX ANNOUNCES HIP-4 (OUTCOME MARKETS) WILL SUPPORT PERMISSIONLESS DEPLOYMENT IN A FUTURE NETWORK UPGRADE, FIRST ON TESTNET AND THEN ON MAINNET https://t.co/0bVVwVGnIh

If you trade trend, you'll get a bunch of false starts If you trade momentum, you'll often buy the top/sell the bottom If you trade mean reversion, you'll periodically get carried out by an outsized move And so on for basically every trading system This is the cost of doing business that's embedded into every market effect you're monetising Your job is to understand it and manage it If you try to avoid it entirely you simply won't get paid There's no perfect system, it's all about managing trade-offs Go take a look at your setups/playbook or wherever your trading system lives and map its assumptions and failure cases The stuff you wanna avoid: 1. Mutating your system because the risk feels uncomfy so you get the worst of both worlds e.g. not holding for long trends/outsized moves but still eating the false starts when you're wrong (all the downside, no balls for the upside) 2. Not knowing what the trade-offs are and sizing like a dickhead so when you're wrong it wipes out all your gains e.g. penny collecting on mean reversion with increasing size and then getting fully wiped on the outsized move