Nansen's Corner
Announcements
Mid-Month Update for November
- Catch-up session scheduled for 18th Sat in Lisbon.
- Analysts meetup happening this week in London.
- Golf session on 20th Nov, RSVP required in Dubai.
- Sygnum x zkSync mixer on 15th Nov, RSVP via Nansen Alpha in Singapore.
- Lunch meetup on 30th Nov
Ask Me Anything
- Question submissions for upcoming AMAs will be closing on 20th. Submit any questions in applicable channels:
New and Returning Members
- Welcome to new members joining our community, including representatives from Chainlink and Zurab
- Excited to see returning members, including former members of Pleasr DAO, and individuals from VC & asset management.
Alpha-Feed
New Report Analysis: The State of Friendtechs
- Friendtech leads with $42m TVL; followed by New Bitcoin City, Tomo, Stars Arena, and Post Tech
- Key profits seen in projects built on different platforms
Polygon Quarterly Report Out
- Polygon showed consistent growth last quarter through diverse collaborations
- Future developments like Polygon 2.0 set to amplify Polygon's impact
Latest War Room Notes Available
- War room notes from the latest call now accessible
- Topics covered include TIA Trading, Long Term Bull Market, GameFi & more
Alpha Initiatives
OTEX Project Fundraising
- OTEX project is currently raising $1 million at a post-money valuation of $10 million
- The project aims to build scalable solving infrastructure across chains and dApps
- OTEX has been actively solving on CowSwap since May 2022
- To learn more, check the Deck or visit the Website
- Direct contact: contact@otex.tools
Community Channels
War Room
Crypto Market Sentiment
- Members expressed doubts about the anticipated bull run and the potential impact of halving on the cryptocurrency market.
- There were discussions on the potential black swan event for the crypto market.
- Members shared experiences of non-crypto friends not mentioning or showing interest in the crypto market.
- There were discussions on the possible over-saturation of wealthy individuals in the crypto market.
Crypto Scams
- Members warned about a scam email from Nansen, advising others to avoid clicking on any links about an airdrop.
- One member shared a tweet warning about the phishing campaign targeting Nansen users.
Crypto Trading
- Members discussed the effectiveness of technical analysis (TA) in crypto trading, with some arguing that it's more effective on larger timeframes.
- There was a discussion on the potential for XRP to pump based on anecdotal evidence from outside the crypto community.
- One member shared a tweet about a large transfer of SOL to Binance, and another member provided a workaround to view Twitter embeds in Discord.
Crypto Adoption
- Members shared anecdotes about the increasing popularity of esports and its potential intersection with crypto.
- There were discussions about the lack of crypto awareness among older individuals and the potential for younger generations to drive adoption.
- A member shared a link to a Nansen report showing growing altcoin volume on Coinbase, suggesting that retail investors might be returning to the crypto market.
Crypto Analysis
- Members shared detailed analysis comparing Ethereum and Solana, with the consensus being that Ethereum is still the leading smart contract platform.
- A member shared a report from VanEck outlining the differences between Solana and Ethereum.
- There were discussions about the potential for layer zero or zkSync airdrops, with some members providing resources for further research.
Crypto Trends
- A member noted that the 90-day change in stablecoin supplies had turned positive for the first time in 1.5 years.
- A member shared a tweet outlining several categories of potential investment opportunities in crypto.
Crypto Predictions for 2024
- One member predicts Sparklend will have a higher TVL than Aave, attributing this to Spark Airdrop, higher interest on DAI vs GHO, and the launch of the Spark token in 2024.
- Another member forecasts that a new meme coin will reach over $100M FDV in 2024.
- The prediction of Pyth Oracle surpassing Chainlink's FDV is based on Pyth's partnerships with TradFi, dominance on Solana, and preference over Chainlink due to using 1st party data sources.
- Another member anticipates BTC/ETH reaching all-time highs again, more countries embracing crypto, an increase in the total crypto market cap, and more innovation in derivatives.
Discussion on Crypto Investments and Trading
- Members discuss the potential of ETH as a safer option for cashing out between rotations, arguing that ETH may be less risky than SOL in a market downturn.
- A member shares the view that both ETH and SOL can coexist as they offer fundamentally different environments and tradeoffs.
- Members speculate about the possibility of ETFs for top coins, and the potential impact of Blackrock filing to register a new iShares XRP Trust entity in Delaware.
- A member shares a link to USDV Money, a topic that was heard on LayerZero.
New Developments and Resources in Crypto
- Members discussed Coinbase's announcement about adding support for Solana and Avalanche perpetual futures.
- A useful resource for the community is shared, a link to a tool by G7 DAO.
- A member shares a tweet from Vitalik Buterin discussing the revival of Plasma, a blockchain scaling solution.
Security Alerts
Members alert each other about a potential email scam and advise not to click suspicious links. They discuss the importance of staying safe online.
Funding and Investment Opportunities
A member mentions that zkPass is currently raising funds and seeks contacts for a possible warm introduction for investing.
Trading
Discussion on FUEL Token
- Members revealed that FUEL network had raised two rounds of funding, first in 2021 ($1.5mn) and second in 2022 at a $1bn valuation ($80mn). An OTC offer was available at a $500M valuation with 100% unlocked tokens.
- The expected listing of FUEL token is in Q2 2024.
- A member believed that using the testnet could potentially lead to an airdrop.
- The Fuel Network's Twitter page was shared for reference. Fuel Network Twitter
Discussion on Solana (SOL) Tokens
- Members discussed their favorite Solana tokens such as Fluxb, Myro, Bonk, SHDW, CROWN, FLUXB, NOS, and ANSEM.
- A member used the Birdeye tool to identify trending tokens.
- There was a discussion about shorting SOL due to a member's perception that SOL looks toppy.
Discussion on TIA Token
- Members discussed the TIA token, with one member sharing an informative Twitter thread about TIA's overview. TIA Overview Twitter Thread
- A member mentioned that they got their TIA tokens from being an active user on Arbitrum.
- It was revealed that many people didn’t claim their TIA airdrop, leading to near triple the original allocation for those who did claim.
- Restrictions on VPN use to claim the airdrop were mentioned, causing some people in the USA to miss out.
- The qualifications for the TIA airdrop were discussed, with a link to an explanatory article shared. TIA Airdrop Info
Discussion on Lifinity Token
- Members confirmed that Lifinity does not have a token yet, but a listing is expected in Q2 2024.
Miscellaneous
- A member shared a tweet about shorting SOL. Tweet Link
- The Aragon Association is dissolving, offering ANT holders the option to redeem 0.0025376 ETH per token from now till November 2nd 2024.
- One member shared their interest in OSMO and STRD tokens, along with TIA and MARS, and mentioned that they are spot long DYDX and staking their stack.
Tokens
RabbitX Discussion
- Members discussed the new perp DEX, RabbitX, which is currently on a tear RabbitX Price: RBX Live Price Chart & News | CoinGecko
- One member mentioned that the project was previously known as Strips Finance, where they were a seed investor
- Members expressed skepticism around the project's rebranding, viewing it as a potential red flag
- One member had fully sold all their holdings after the project rebranded and split its token
- There were rumors about potential red flags related to RabbitX
- One member received an answer from the RabbitX team when questioning the "minting issue", sparking further discussion among members
Crypto Investment Strategies
- Members discussed different strategies for investing in crypto, particularly small-cap coins
- One strategy mentioned was buying a small amount of each coin in the top 500 market cap, similar to a "spray and pray" approach
- Some members felt this strategy was boring and didn't align with their personal investment style
Osmosis Discussion
- There was mention of Osmosis being shilled recently by non-Cosmos VCs and traders
- A member mentioned they are DCAing using Calc finance and adding more to their MARS position, while staking their DYDX on the v4 chain
Polygon and OKX Collaboration
- Some members discussed rumors about OKX collaborating with Polygon to launch a L2 zkEVM chain Crypto_Noddy tweet and RunnerXBT tweet
SNX Position
- A member mentioned cutting their SNX position, stating that their decision was based on technical analysis rather than fundamentals
Worldcoin Discussion
- A member is considering potential opportunity for short entries
Project Launches and Updates
- One member mentioned that FLOW is launching a project with Disney Disney Pinnacle
- Binance was reported to be opening for the BEAMX/USDT spot trading pair Binance announcement about BEAMX/USDT
Airdrops
Solana Projects and Airdrops
- Cega: DEX with derivatives. Twitter
- Drift: DEX. Twitter
- Zeta: Trading platform, including options. Twitter
- Tensor: Analog of Blur on Solana. Twitter
- Jito: MEV infrastructure on Solana. Twitter
- Phantom: Twitter
- Fractal: Twitter
- MagicEden: Twitter
Dmail and Base
- Steps to connect wallet, complete social tasks, subscribe and confirm newsletter to Dmail, and mint a free domain. Binding the domain with user accounts. Campaign link
Airdrop Rumors and Discussion
- Discussion about the possibility of a Lens Protocol airdrop. Lens upgrade article
Zksync Funds
- Advised to check Zksync wallets, especially if using Zksync lite. Move funds off Lite as it is expected to depreciate soon. Zksync Wallet
Aleo Testnet
- Steps to collect test tokens on Aleo Testnet, including installing Leo Wallet, adding wallet address to the green list, requesting tokens in Discord, using IZAR Protocol to send test tokens, and using the faucet in the wallet. Steps to claim tokens, bridge tokens, swap and add liquidity, mint NFTs or buy/sell, mint domains, and sign up for WL. Leo Wallet, Green List, Bridge, Minter, Aleo Store, Testnet Domain, Shadowfi
Airdrop Ideas
- List of future airdrop ideas on Rootdata. Future Airdrop Ideas
Venom Tasks
- Steps to complete Venom tasks, including opening links, completing social tasks, connecting wallets, and minting NFTs. VenomArt Task, Ventory Task
Argent Airdrop
- Discussion about the possibility of an Argent airdrop. Argent won't be doing an airdrop as it's not necessary for the business, despite a token being included in the Seed pitch deck.
Starknet/Scroll Bridge
- Lowest fee eth bridge for small main to L2 and vice-versa eth transfers. Rhino.fi suggested as a free option for Starknet/Scroll. Ambient Finance
NFTs and Gaming
NFTs
- Members have noticed that NFTs are performing well, with some even tripling in value.
- Some members have been actively investing in these NFTs, while others have expressed regret for not doing so.
PRIME Token
- Members have expressed interest in PRIME, finding it to be a very interesting project.
- Other members have concurred with this sentiment.
Exploit Warnings
Scam and Phishing Alerts
- Members discussed a phishing campaign targeted at Nansen users, warning others not to click on any suspicious links about an airdrop.
- Members were reminded of the weekly security measures, including not sharing private keys or passwords, not sending funds to unknown individuals, and ensuring they understand what they are signing.
- Concerns were raised over how scammers obtained members' emails, with an investigation promised.
- Recollections of a previous hack were brought up, reminding members to stay vigilant.
Fake Tokens
- A fake Incinerator token launched on Birdeye was discussed by members, noting that the wallet responsible had sent themselves SOL from Binance.
- Members expressed concerns about people being 'farmed' by sniper platforms, urging others to be cautious.
Degen Bets
Ampleforth Discussion
- Members discussed the concept of Ampleforth, a token that adjusts its supply based on its price.
- They shared their strategies on how to play it, emphasizing that it's essential to get in around $1 before supply expansion during a price pump.
- They noted that the best way to profit from Ampleforth is when the price keeps going up, and the supply keeps expanding.
- However, they also warned about the risks, advising to not put a lot of money into it and to constantly reevaluate.
- They discussed the token's price, market cap, and its potential for topping out.
- Members shared the Ampleforth Price Chart & News on CoinGecko.
Solana Shitcoins Discussion
- Members were discussing the performance of various coins on the Solana (SOL) platform.
- They mentioned that the rotations of these meme coins happen quickly, with attention shifting from Solana dog coins to Elon AI coins.
- They were anticipating a proper SOL shitcoin season after a top is in for GROK, which was sucking all liquidity and attention for the time being.
- They discussed Fluxbeam as a strong hold on SOL for shitcoining.
- Members shared this Tweet about SOL ecosystem.
_The People's Bitcoin
- Some members were skeptical about its potential due to legal issues and possible confusion with the ticker symbol.
- They also discussed the difficulty of Bitcoin getting listed on tier-1 CEXs due to these issues.
Other Coins Discussion
- Members also discussed other coins such as $MEME which has the 9gag/potatoz memeland community behind it, and $myro (dog of Solana founder).
- They discussed the performance of Harry Potter coin and its potential after a fake Su Zhu is almost out.
- They also discussed how a coin was being farmed in Binance launchpool and despite this sell pressure, it skyrocketed in the last 24 hours.
Farming
Farming with ARB token
- Members discussed potential farming strategies with ARB token following the Arbitrum grants.
- They considered whether the ARB grants were included in the numbers on Nanoly.
- They highlighted announcements from Dolomite, Pendle, and GMX.
- They suggested keeping a close eye on the STIP grant winners for good incentives in the coming weeks.
- They discussed strategies to take advantage of STIP on ARB, such as depositing USDC on Silo into Grail and ARB vaults, borrowing low LTV Grail and ARB, and depositing into Pendle Grail ARB pool and then staking LP into Penpie or Equilibria.
- They mentioned that Camelot would be announcing their 3M ARB allocation soon.
Napier Protocol
- Members discussed the recent announcement from Napier Protocol regarding their raise.
- They speculated that the project could perform well given the recent performance of Curve ecosystem projects and Pendle as a competitor.
Definitive non-custodial yield/trading platform
- Members shared news about the new Definitive non-custodial yield/trading platform.
- They mentioned that the platform is backed by CB Ventures, BlockTower, and Nascent and is being built by former COIN engineers.
- They shared an invite code (DAYONE) for free access and a link to the product overview page.
- They noted that the platform offers strategies on BASE, ARB, AVAX, OP, and ETH.
Stables
Tether's Future Projects and Predictions
- Members discussed Tether's plan to launch five new projects in 2024.
- A member predicted that Tether (USDT) might reach a value of $5.
- Another member suggested that there might be no sense in buying crypto anymore.