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$OLAS, BASE, and US Politics
Shaun Ko
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Key Takeaways
5 min read
  • Members discussed the surprise announcement of the US President promoting a token, raising concerns about its high valuation and non-transferability for 12 months.
  • Ripple’s co-founder donated 1 million XRP to Kamala Harris’s campaign, sparking speculation about banks’ preference for tokens with established relationships.
  • AI tokens gained traction, with Marc Andreessen’s AI agent launching a memecoin and several low-cap AI tokens experiencing significant growth.
  • Members monitored DePin projects and discussed specific investments in OLAS, AERO, and $HIGHER, while also following token unlocks like EIGEN and WLD.
  • DevmonsGG invested heavily in $WAP and $THC, while other members discussed speculative investments in Solana emoji meta coins and Marc Andreessen's AI memecoin.
Source: Nansen Query

Community Channels

War Room

Discussion on Token Promoted by US President

  • Members discussed the surprise announcement of the US President promoting a token.
  • The token was criticized for its high valuation of $1.5B for a governance token.
  • Concerns were raised about the token being non-transferable for 12 months.
  • One member speculated that the promotion could be a financial gain strategy for the upcoming elections.
  • Another member suggested that owning the token might offer perks such as a one-on-one meeting with the President.
  • One member expressed disbelief at the involvement of a former US president in promoting a token, suggesting it may achieve nothing more than meme status.

OLAS Token Q3 Roundup and Q4 Outlook

  • Members discussed the Q3 roundup and Q4 outlook for the OLAS token.
  • One member shared links to the Q3 roundup and Q4 outlook on an external site. Q3 Roundup for OLAS, Q4 Outlook for OLAS
  • There was also mention of OLAS looking to raise funds, with more details to be shared later.

Discussion on Ripple's Co-Founder's Donation to Kamala's Campaign

  • Members discussed the donation of 1 million XRP tokens to Kamala Harris's campaign by Ripple's co-founder.
  • The donation was noted in a Cointelegraph article.
  • One member suggested that banks would likely go for reliability and tokens they have developed relationships with, rather than the technology itself.

YouTuber Accused of Token Promotion

  • Members discussed a news article about YouTuber MrBeast being accused of making millions from low-cap token promotions.
  • The article was shared from Cryptonews.

Tokens Trading

Base Exposure

  • Members discussed exposure to Base, with AERO being a common choice due to its successful run and high TVL.
  • Other options like DEGEN, BENJI, HIGHER, and KEYCAT were also mentioned, but some members pointed out that Base memes generally aren't as "cool" as Solana memes and lag in price performance and cult followings.
  • Some members were trying to trade AERO on Bybit futures, despite the platform's liquidity issues.
  • Evidence of significant AERO accumulation was shared, as seen on Nansen's Wallet Profiler for Token.

Tango Launch

  • Members discussed the Tango launch, with one member sharing an informative Medium article about the project.
  • The article detailed the beginning of TANGOnomics, marked by the TANGO sale on Fjord and the oTANGO airdrop.

EIGEN Unlock

  • Members shared that a 6% EIGEN unlock was happening in less than 2 days, as seen on EIGEN - Unlock Schedule & Tokenomics.
  • They further clarified that this was from the "community initiative" portion and not an investor unlock, making it less of a clear sell signal but still worth monitoring.

AI Agents

  • Members discussed AI agents, particularly Marc Andreessen's AI agent, which was given $50k to launch a crypto token that eventually launched a memecoin.
  • An article explaining more about the AI agent's progression was shared, along with the Twitter account of the AI agent.

WLD Investors

  • A member shared that WLD investors were still holding the majority of WLD received, contrary to expectations from 1.2m daily unlocks.
  • The member mentioned that approximately 27M WLD was moved, with the majority (25M WLD) being accounted to Multicoin Capital splitting their WLD to fresh wallets. Only 1.3M WLD was sold. Additionally, Pantera Capital bought $2.5m WLD in the last 7 days.

Gaming

Fractional Uprising Discussion

  • Members praised the Fractional Uprising team for their ability to attract attention and maintain relevance.
  • They also noted the cult-like nature of the community.
  • They discussed this in relation to a tweet.

Degen Bets

BlackRock Token

  • Members discussed a BlackRock token that was deployed 478 days ago, with a burned liquidity and renounced contract.
  • The token is now managed by a CTO with a strong narrative following SPX.
  • BlackRock company had reported the token to Etherscan, resulting in a warning on Etherscan.
  • One of the top holders of the token is a 90D smart trader with impressive stats.
  • Members discussed BlackRock on DEX Screener and 90D Smart Trader on Nansen.

Solana Emoji Meta Coins

DevmonsGG Investments

Marc Andreesen's AI agent's MemeCoin

  • A member noticed that Marc Andreesen's AI agent had created a memecoin, which was listed on Moonshot.
  • Members discussed the memecoin on DEX Screener.

Master Ventures' SPX Purchase

  • Master Ventures was among the top buyers of SPX in the past 24 hours, swapping PEPE for SPX.

1confirmation's $HIGHER Purchase

  • 1confirmation was reported to be buying more of $HIGHER, adding $100k from Top Holders.
  • Members discussed $HIGHER on Nansen.

#popcat whale's COBY Purchase

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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.