Community Channels
War Room
Crypto Advisory Council
- Members discussed a potential Crypto Advisory Council including 24 industry leaders, and speculated it could be bullish for Pudgy Penguins if one of the leaders has a Pudgy Penguins Profile Picture.
ONDO Token
- Members shared an announcement from the Ondo Foundation about upcoming locked ONDO transfers, appreciating the transparency to avoid FUD.
- The discussion continued with members sharing their short positions on ONDO, anticipating FUD around the unlock event. A link was shared showing negative funding for the token.
- One member mentioned they were in a short position since $1.26, anticipating market volatility around the unlock event and the upcoming inauguration.
US Financial Markets and Trump Administration
- Members discussed the uncertainty in the markets due to Trump's contradictory goals to both weaken and strengthen the dollar. They hoped for a depreciation in the dollar for the benefit of their investments.
- A War Room discussion was announced to discuss US rates rising, equity market reactions to higher rates, and onchain activities. The link to the meeting was shared.
Arweave's Agent Layer (AO)
- A member shared an update about AO's launch in about 26 days and suggested it as a potential investment opportunity, especially for those interested in the agent narrative.
Market Updates
- Members shared various market updates including a tweet advising to learn from market makers' strategies, a tweet predicting a bad market opening, and news about JPMorgan CEO comparing Bitcoin to smoking.
Creator.Bid
- A tweet from Creator.Bid hinted at a surprise announcement coming the next day in collaboration with Binance Wallet, causing some excitement among the members.
Tech Industry and Trump Administration
- A Washington Post article was shared, discussing the tech industry's relationship with the Trump administration, citing an anonymous source.
Tokens Trading
ONDO Trading and Unlocking
- Members discussed re-evaluating their ONDO positions as the price approaches $1.10, with some considering taking profits.
- It was shared that ONDO will unlock $2.4 billion on January 18th, which is a reason one member is shorting.
- There were discussions about the profits that might already be locked in with short positions. If negative funding rates become too high, some members plan to exit their positions.
- The members also examined open interest rates and holder categories on Coinglass, observing that people seemed to start hedging around mid-December.
- It was mentioned that a member had hedged 30% of his position and stated that this round of unlocks could be profitable.
- Allegedly, there might be internal unhappiness among the Ondo Finance team, which could lead to more team allocations exiting their positions.
- A strategy proposed was to take profit (TP) 50% just before unlocks, and then move stop loss up to ride through whatever happens after the unlock.
Bitcoin Purchase
- MicroStrategy's purchase of another 2,530 BTC for approximately $243 million at an average price of $95,972 per bitcoin was shared by a member. The purchase was reported on TheBlock.
SUI and $SEND
- There was a query about starting on SUI without a CEX transfer and whether a small amount is received during bridging.
- Members asked if anyone uses SuiLend and/or holds $SEND.
- Blockworks research thinks that $SEND is undervalued and has a lot of upside, including a potential CEX listing.
- A member shared that they had farmed SuiLend from the beginning but had dumped all their holdings.
- A member shared a post from aixbt stating that the fluid protocol just hit 24% of ETH-USDC volume on Ethereum, with $14 million TVL generating deeper liquidity than Uniswap's ETH-USDC pool at $95k per 0.1%.
NFTs
Discussion on Animecoin and NFTs
- Members discussed the ANIME (@animecoin) announcement on X. The ticker is $ANIME, and the details were set to be announced in January 2025.
- A member mentioned their personal interest in stacking some mutants, otherside deed, and otherside kodas. They noted that the current attention is mostly on Azuki/Penguin ecosystems, and not many people are focusing on Apes.
- Another member questioned what could make the value of Apes increase. They expressed their liking for Apes but were uncertain about what could drive its price higher.
Degen Bets
AI Gaming Tokens
- Members discussed trading the LIMBO token, which is gaining attention in the AI Gaming Meta.
- Other tokens in the AI Gaming Meta that were discussed include STEALTH and PIX. STEALTH has had significant purchases, while PIX was promoted by a well-known figure in the community.
ECHO Chronicles
- A member bought ECHO Chronicles (ECHO), a token on Solana and shared the link to its page on DEX Screener.
- The decision to buy ECHO was based on a tweet that the member found.
- The members also discussed setting limit sells and potential price targets.
Smart Traders
- A member asked about the criteria for being labeled a "Former Smart Trader", wondering if it was related to Profit & Loss (P&L) dips.
- It was clarified that people lose their smart trader labels when they become inactive or their PnL decreases/stops increasing.
Holozone
- A member introduced Holozone (HOLO), an AI-generated celebrity platform, and shared the link to its page on DEX Screener.
- The members discussed the valuation and potential of the technology behind Holozone.
Dante
- A member asked for thoughts on Dante (dGPU) and shared the links to its page on Nansen and Dextools.
- The members concluded that the token did not seem promising.
Off Topic
Web3 Platforms for Managing Whitelists
- A member was seeking advice for a good Web3 platform to manage whitelists, preferably one that allows users to connect to X.
- Another member suggested Premint as a potential solution.
Research Portal and Wordcloud Issues
- A member mentioned that the wordcloud feature in the Research Portal was not functioning properly.
- They reassured the community that the research team was actively working on the issue and appreciated everyone's patience.