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$HIGHER, $RLB, and $SIPHER
Shaun Ko
main
Key Takeaways
7 min read
  • Puffer Finance raised $18 million in Series A funding led by BHDigitalAssets and ElectricCapital, supporting Liquid Restaking and Ethereum's decentralization.
  • Discussions highlighted unique crypto observations, including a consistent spot premium reminiscent of Bitcoin's $40k era.
  • A Fireside chat with zkSync's Marco is scheduled for April 26th in Singapore, emphasizing community participation.
  • Token discussions covered Friendtech, RLB purchases, ANGLE Protocol updates, GNO and OLAS, and SIPHER transactions by Play Ventures.
  • Airdrop topics included Avail, crypto transfers and bridges, OMNI valuations, short-term opportunities, and community programs like Movement.
  • NFT and gaming discussions revolved around minting Runes, Blob marketplace insights, and upcoming launches in the Runes ecosystem.
  • There were warnings about crypto trader convictions and community interactions, alongside discussions on meme token investments like $HIGHER by 1confirmation and market sentiments.
Source: Nansen Query

Community Channels

War Room

Puffer Finance Fundraising

  • Members discussed Puffer Finance's announcement about raising $18 million in a Series A funding round. The round was led by BHDigitalAssets and ElectricCapital, marking a new era for Liquid Restaking and further supporting Ethereum's decentralization. Puffer Finance announcement

Crypto Observations

  • One member shared an interesting observation about the consistent spot premium, which hasn't been seen since Bitcoin was at $40k. Observation by Byzantine General

Fireside Chat with zkSync

  • A Fireside chat with Marco from zkSync was announced to take place in Singapore on the 26th of April. Members in Singapore were encouraged to sign up. Fireside chat with zkSync

Trading Analysis

  • Members discussed the use of different timeframes for trading analysis, with one suggesting the use of a weekly timeframe. A formula was shared for further analysis: FRED:WALCL+FRED:JPNASSETS*FX_IDC:JPYUSD+ECONOMICS:CNCBBS*FX_IDC:CNYUSD+FRED:ECBASSETSW*FX:EURUSD-FRED:RRPONTSYD-FRED:WTREGEN

Tokens

Discussion on Friendtech and Base Chain

  • Members discussed a tweet from friend.tech and speculated if their social media accounts were hijacked.
  • A question was raised about a potential conflict between Base chain and Friendtech (FT), however, it was clarified that the issue seems isolated to Warpcast.
  • A member predicted that memes in base will see a second wave after the liquidation from the FT airdrop.
  • Another tweet from friend.tech was shared, highlighting their recent aggressive shitposting.
  • A member mentioned that Friendtech is launching a rune sniping bot - RUNEVO.

Discussion on RLB Purchases and Price

  • Members discussed the continuous purchase of RLB (Rune) tokens by certain individuals, as evidenced by two Etherscan links: Link 1, Link 2. This led to increased interest in the token, especially as its price remained strong against a market dump.

Discussion on ANGLE Protocol

  • A member highlighted that ANGLE token emissions have been reduced by 80%, favoring efficient single-sided incentives.
  • There was a discussion about locking ANGLE tokens, with one member admitting to having locked their tokens until 2027. It was mentioned that there could be a one-time unlock for people to get out, especially since the gauges are not being used anymore.
  • The possibility of a substantial layer zero airdrop for veANGLE holders was brought up, along with the potential for good profit sharing once it restarts after building up the equity backstop.

Discussion on GNO and OLAS

Discussion on SIPHER Purchase

  • A member discovered a Play Ventures Wallet that purchased 368k SIPHER for approximately 225k USDC in 1inch between February 28 and March 25. They speculated that Play Ventures might be looking to buy more SIPHER since their Cost Basis is $0.613.

Airdrops

Avail Airdrop

  • Members discussed the Avail airdrop and the process of claiming it. Some members experienced difficulties with the website interface, but others offered tips to help them through the process.
  • Members shared their experiences on how much AVAIL they got and the criteria used for the airdrop. Some speculated that factors like layer 2 activity and twitter activity might have played a role.
  • Avail Project's announcement was shared, which provided details about the Unification Drop.
  • The claim website was also shared.

Crypto Transfers and Bridges

  • Members discussed different bridges to transfer funds from Blast. One member mentioned that Orbiter seemed to be the only option but noted that the fees were relatively high.
  • Another member mentioned that Rhino couldn't be used, but lz.gas.zip worked for bridging.

OMNI Valuations and Price Actions

  • One member mentioned that OMNI's price action was not sparking joy.
  • Another member opined that they had no business launching at a 3 billion valuation.

Crypto Airdrops

  • A member mentioned about a short-term airdrop opportunity for Cosmos and Osmosis stakers. The airdrop link was shared.
  • Another member discussed about a memecoin factory app being built on Osmosis, which he referred to as the Cosmos equivalent of pump dot fun.

Community Programs

  • Members shared an announcement about the Movement Community Program. The program aims at the decentralization and democratization of the Move language and extends to how they form a community as well.

ethOS

  • A member shared a tweet from ethOS announcing that their mint is now closed. The OpenSea floor price was reported to be 0.58e.

NFTs and Gaming

Minting Runes from Own BTC Node

  • A member requested for a tutorial on minting runes from their own BTC node.
  • Two resources were shared by a member to assist the requester: Resource 1, Resource 2.
  • Another member shared a YouTube video titled "Do THIS To Prepare For Bitcoin Runes" that provides guidance on setting up a Bitcoin Node.

Information on Blob

Bitcoin and Runes

  • A member shared a YouTube video titled "His Idea Will Change Bitcoin Forever" featuring Casey Rodarmor, the creator of the Ordinals Protocol and Runes.
  • Another member shared a tweet from Magic Eden announcing the launch of the simplest and most intuitive Runes platform on April 23rd.

Exploit Warnings

Crypto Trader Conviction

Crypto Community Interaction

Degen Bets

Meme Token Trading and Investments

  • Members discussed the purchase of the Meme Token $HIGHER by 1confirmation. They've been buying since April 4th and currently hold $328k worth of $HIGHER. This information was found via publicly confirmed Ethereum NFTs. One member decided to buy a bag as well Nansen | Crypto, Defi & NFT Analytics Nick Tomaino (@NTmoney) on X.
  • Members also discussed the current market situation and the potential benefits of investing when others are fearful.
  • The popularity of $HIGHER on FC was mentioned, although it was noted not to be as deeply integrated into the underlying infrastructure as Degen was.
  • Some members compared the $HIGHER trade to the DEGEN trade, stating they were bought at a similar valuation. The DEGEN purchase was made through a private OTC deal, and it was speculated that the $HIGHER trade might not be publicly disclosed.
  • An interesting whale activity was noted. The whale had been firing $15k clips every 5-10 minutes for the last hour, adding to a $1mil position from 10 days ago. This was later corrected to a $137k total position Nansen | Crypto, Defi & NFT Analytics.
  • The purchase of $HIGHER by 1confirmation was confirmed by Nick Tomaino Nick Tomaino🎩 on Warpcast.
  • It was also noted that 1confirmation is holding the EthBoy they bought for 200 ETH in the same wallet EthBoy - Async Art | OpenSea.
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War Room 1 - May 27th, 2024
Disclosure: The authors of this content and members of Nansen may be participating or invested in some of the protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Nansen does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Nansen at any time without notice. Nansen accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.