AAVE, NFTs, and Market Predictions

Community Channels

Discussion on AAVE

Members discussed the potential of AAVE in the event of regulatory clarity for DeFi; it was suggested that AAVE, along with UNI and MKR, could experience significant growth.
One member expressed uncertainty about AAVE due to its potential vulnerability to regulations.
AAVE was described as an index bet on crypto as a whole, with its performance tied to market conditions.
Members discussed a conversation with a DeFi fund manager about AAVE, who believed that the downside for AAVE was extremely limited.

Discussion on Market State and Predictions

A member attempted to call a bottom for the market, citing the strength of altcoins against Bitcoin over two consecutive weeks.
Another member stated having no clear read on the market state, noting the contrast between several bullish catalysts and poor price action.
The fear of a potential stock market dump pulling down crypto was expressed.
A member admitted to having clocked out and focusing on farming, keeping their bags on the side and intending to do little in terms of rotating.

Discussion on Farming and Infinex

A member advised those farming Infinex to open their crates as soon as possible to gain boosts and earn crates faster.
In response to a question about farming on Infinex, a member explained that speedrun was farming for GP, which they assumed would impact any potential token. They also added that it now seemed more like farming liquidity with some rewards.

Discussion on DeFi and MKR

A member expressed belief in the future of DeFi, stating it had to get going again at some point due to its significance.
There was a request for good threads or reports on MKR, with the member expressing interest in MKR for Trump administration regulatory clarity and potential ETH ETF.
Concerns were raised about AAVE's lack of value accretion to the token and minimal underlying revenue generation.

Tapioca DAO Overview

Tapioca DAO is a project focused on creating an omnichain money market, powered by the LayerZero cross-chain messaging protocol.
It aims to provide a chain-agnostic user experience, allowing users to mint, borrow, lend, and leverage assets across multiple blockchain networks.

EIGEN Perpetuals on Coinbase

Members discussed the live trading of EIGEN perpetuals on Coinbase.
The total supply of EIGEN at launch is 1,673,646,668.28466 tokens, leading to a valuation around 10b market cap.

Cryptocurrency Market Analysis

Members discussed Mechanism Capital realizing profits on TRUMP, being the top sellers in the last 24hrs. They still hold $740k.
Sigil Fund withdrew $716k in IMX from Binance 2 days ago, they've been accumulating IMX in the past 7 months, now holding $2.3M in IMX.
Discussion around market participants not appreciating the significance of a potential loss of a 4-month range on Bitcoin. The closest parallel we can draw is to that of the range of May 2021.

Cryptocurrency Market Predictions

Discussion around the possibility of the market bottoming out, with a member's timing being highlighted as impeccable.
There was also a prediction of a potential bear trap in the crypto market, with a possibility of crypto front running the SPX dump.

Airdrop Participation

Members discussed the potential of making money through airdrops, even with just one or two wallets.
There were questions about the continued viability of airdrops and how to choose which ones to participate in.

Mantle Post Blast

Some members have shifted their focus to Mantle following the Blast event.
There were questions about the potential performance of COOK and observations about the presence of sizable whales in Puff.
Members discussed Mantle's tweet about the launch of 'Methamorphosis' Season 1

Raydium Swap

A member shared their experience with a Raydium swap, mentioning that two months of farming resulted in around 100k points.
The member shared a link to the Raydium swap

Movement Labs

A member shared a link to a tweet about Movement Labs, a company that recently raised $40M.
The tweet details Movement Labs as the first Move EVM layer 2 on Ethereum and highlights their ongoing airdrop campaign.

NFTs held by Smart Money

Members discussed the number of NFTs held by Smart Money across multiple collections. Azuki Elementals/Beanz showed some of the highest numbers in comparison to other Blue Chips such as Punks, BAYC, MAYC, Otherdeed, Pudgy Penguins, Lil Pudgy, and Milady.
Nakamigos was also noted for having a significant number of NFTs held by Smart Money.
The Azuki parent collection was said to have only 309 Smart Money holds at the time of the chat.
The entire Yuga ecosystem was noted to have been in a bear market since 2022, and there were concerns about Azuki's potential due to this.
Andrew Kang, zgw, and Dingaling were identified as the biggest holders of Azuki, collectively holding 1/3 of the Smart Money supply.
Big Brain Holdings and Kronos were noted as notable holders for Pudgy.
It was mentioned that many whales are splitting their holdings into multiple wallets following the ZKSync airdrop.
Pudgy's holder diversification was considered healthy, with less concentration than Azuki.

NFT Collections

There was a discussion about the potential of various NFT collections like Fidenza, Punk, and Chromie. One member expressed bullish sentiments for Fidenza/Chromie and was considering selling a few Lil Pudgy to get some Chromies.
There were mixed feelings about Doodles due to their founders launching a coin that rugged, though the art and potential web2 collaborations were considered somewhat bullish.
Some members had recently bought a Doodle and two Squiggles.
There was a discussion regarding the Poopie's post on X about $poop being airdropped to holders of Doodles, Genboxes, Dooplicators, and others.
The "Pudgy-alignment" was considered bullish.
There was a mention of a gold tophat being near the floor, with one member considering buying and relisting it.
One member pointed out that Opensea pro is buggy, leading to false information about undervalued items.

Discussion on FROG

Members discussed the performance of FROG, which had seen a 14x increase from the original entry point at the time of the chat. One member mentioned considering selling due to FROG making up approximately 5% of their portfolio and the current market uncertainty.
It was noted that the number of smart followers of FROG had increased from 2 to 18, indicating a growing interest in the coin.

Discussion on $13k Market Cap

There was a discussion about a member's decision to invest in a $13k market cap, which turned out to be a successful move as it ran 50x.

Mention of Kamala Harris

One member queried if there was a coin named after Kamala Harris due to the significant chatter around her.

Discussion on SPURDO and DOGEVERSE

A member mentioned SPURDO, which had been gaining activity and shared a link to its status on Nansen.
They also mentioned DOGEVERSE as another bottom play that was working out, providing a link to its status on Nansen.