Nullmask / $MASK: the most underrated privacy coin of the cycle $MASK is currently sitting at around $23.5m market cap ($40m FDV, with 40% of supply out of circulation and 2.16% already burnt) i believe Nullmask is by far the most underrated privacy coin in all of crypto, and i'll explain why in this thread let's start by looking at the top privacy coins and their market caps: • ZCash / $ZEC: $21 BILLION market cap • $NEAR: $6.8 BILLION market cap these two have been by far the biggest gainers in the top 50 cryptocurrencies over the past year, and it's not even close! if it isn't already obvious, both have run hard (and continue to run) on the PRIVACY narrative but what's impressive isn't just their gigantic market caps it's how much they've added in the past year alone: • ZCash added $18 BILLION to its market cap • NEAR added $4.3 BILLION to its market cap all before the bull run has properly started so how does this affect Nullmask / $MASK? the incredible runs ZEC, NEAR, and other privacy coins have had have established beyond reasonable doubt that this is the privacy cycle and i believe Nullmask is going to win big because it sits right at the heart of this narrative, with several key advantages that many much bigger privacy coins don't have let's start with the PRODUCT Nullmask makes private transactions possible across EVM chains and Solana in the most normie-friendly way imaginable you can use your existing wallets (MetaMask, Rabby, Phantom, etc.) the same way you normally would, while enabling private transactions across major ecosystems like Ethereum, BNB, Base, Robinhood, and Solana yes, you read that right you don't need to learn how to use a new wallet, create a new seed phrase or private key, learn to navigate a complicated new blockchain, or deal with any of that nonsense you can activate Nullmask's privacy capabilities on your existing crypto setup in just a few clicks all you need to do is activate Nullmask's custom RPC and let its 'virtual private network' shield your transfers using zero-knowledge proofs i'm simplifying the technical details to make this as normie-friendly as possible, but that's the gist of it and this isn't just speculative stuff: Nullmask is already LIVE & WORKING on Ethereum, BNB, Base, and Robinhood you can actually use the product and verify that it works! but i'm bullish on $MASK for more than just the product TOTAL ADDRESSABLE MARKET (TAM) what makes Nullmask so incredibly bullish and underrated isn't just how impressive the product is, but the size of its total addressable market i've never used the ZCash or NEAR blockchains, and the same is true for tens of millions of users across Solana, Robinhood, Base, BNB, and Ethereum yet ZCash and NEAR have market caps of approximately $21 BILLION and $7 BILLION, respectively the average crypto user may never touch the ZCash or NEAR blockchains, but they're already using Ethereum, Robinhood, BNB, Solana, and Base and Nullmask caters to those users this begs the question: what is fair value for Nullmask when ZCash and NEAR are both trading at multibillion-dollar valuations? LET'S TALK ABOUT THE TEAM when a protocol promises something as ambitious as Nullmask does, you obviously want to know who's building it and whether they're capable of delivering Nullmask is built by several ZCash contributors, led by Tomas Krnak Tomas Krnak helped build shielded ZCash transactions for hardware wallets. his work was funded by the ZCash Foundation and merged into the main ZCash protocol itself i should also add that the lead dev is doxxed and regularly participates in live interviews! PARTNERSHIPS & INTEGRATIONS we've established that the team has serious credentials in the privacy space and that the product is already live and working but what about partnerships, integrations, and endorsements? here's a list of industry players Nullmask has collaborated with in some form since launching: • NEAR Protocol ($11.3 BILLION ATH) • THORChain ($4.4 BILLION ATH) • Dashpay • Beldex • Quai Network the team also revealed in a recent AMA that it's in discussions with major wallet providers, including MetaMask, about potentially integrating Nullmask as an additional privacy layer all of this for a product that isn't even a month old, by the way! METRICS & REVENUE Nullmask looks incredibly strong from a fundamentals perspective, but the key question is: what do the metrics actually look like? since the protocol launched a little over two weeks ago, Nullmask has generated: • $37.8 MILLION in total protocol volume, averaging $2.36 million per day • $833k in total revenue, averaging $52k per day it has also burnt 2.16% of supply and distributed $1.4 MILLION in $ZEC rewards to holders since the token launched approximately three weeks ago (token launched a week before the protocol) and here's the important part: all these adoption metrics were recorded before the protocol is live on Solana, which is expected to happen next week, and mostly before it went live on Robinhood and BNB just a few days earlier the team also has 20% of the token supply allocated to a long-term incentives campaign designed to encourage people to use the protocol and accelerate adoption i should also add that Nullmask is now ranked #1 among ALL privacy protocols for both 7-day and 30-day revenue, according to DeFiLlama, barely two weeks after its protocol went live, and by a clear margin this is despite the fact that -it only went live on Robinhood and BNB a few days earlier - it is yet to launch on Solana - its incentives program aimed at accelerating adoption is yet to launch the speed of adoption Nullmask has witnessed is impressive for any privacy protocol TOKENOMICS 20% of the token supply is allocated to the team and locked for two years, meaning these tokens won't start entering circulation until at least two years after token launch another 20% is reserved for an incentives campaign aimed at accelerating protocol adoption the remaining 60% of supply is circulating this means approximately 60% of the supply is currently in circulation, while the bulk of the rest won't enter circulation anytime soon ROADMAP • Launch on Ethereum, Robinhood, BNB, and Base (LIVE) • Cross-chain bridge (LIVE) • Unshield directly to ZEC wallets (October 2026) • Launch on Solana (Q4 2026) • NullMask SDK (Q4 2026) • Privacy Perpetuals (Q4 2026) TO CONCLUDE i know Nullmask might sound too good to be true right now, and it's crazy to me that it's sitting at such a ridiculously low market cap but believe it or not, all of the facts in my thesis above can be independently verified i'm not going to ask you to buy Nullmask i'm simply laying out my thesis and thought process for this trade, and explaining why i believe it could be a big one i objectively believe $MASK will become a multibillion-dollar token before the end of the bull run, and i expect it to be yet another kingmaker trade for me nothing in this thesis is financial advice it's up to you what you do with the above information

pa has been pretty toxic the last few days on our favorite barbell, but the structure hasnt changed one bit. mostly just noise. marscoin and useless are still printing stupidly clean HLs and it feels like we cant be too far from the next expansion dont let them shake you out

BINANCE JUST ANNOUNCED IT WILL BE LISTING $MARSCOIN ON SPOT!!! this is a REALLY BIG deal and i don't think people fully understand why yet $MARSCOIN is the first memecoin Binance has announced for a spot listing in almost an entire year let that sink in almost ONE YEAR and THIS is the memecoin they chose now... the last memecoin that gives me remotely similar vibes historically is $SAFEMOON — which interestingly also launched on BNB chain except in my opinion? $MARSCOIN is a FAR superior narrative in virtually every way why? because $MARSCOIN was: - memed into existence by a combination of the world's richest man, Elon Musk, and crypto's richest man, @cz_binance - built around the memestock meta, one of the hottest and most innovative new trends in crypto - born on BNB chain, right in the ecosystem Binance and CZ are aggressively pushing - paired with $SPCX, the onchain representation tied to the SpaceX narrative, the most powerful space company and brand on earth - designed to reward holders with onchain stock-related $SPCX rewards, perfectly aligning it with the exploding RWA narrative - positioned directly within the exact direction Binance and CZ have repeatedly signaled they want BNB chain to move towards, so expect an aggressive push from them so ask yourself: if Binance and CZ are aggressively pushing this entire new direction for crypto and BNB chain... what do you think happens to the flagship memecoin representing that narrative? and here's where things get REALLY interesting 👀 $SAFEMOON reached a peak market cap of approximately $17 BILLION and it did that... WITHOUT EVER GETTING A BINANCE SPOT LISTING meanwhile... at the time of writing, $MARSCOIN is sitting at around $180 MILLION $80 MILLION versus a historical comparable that reached: $17,000,000,000 (yes, that's 'B' for billions!) and again... $MARSCOIN is now getting access to Binance's spot exchange imagine what happens when Binance's hundreds of millions of users open the app... and they see: MARSCOIN sitting there as the biggest gainer of the day a coin literally named after MARS a narrative connected to Elon Musk & CZ connected to the memestock meta connected to the BNB chain ecosystem and now officially listed on the largest crypto exchange in the world what do you think happens next? they're going to slam the BUY button and once retail FOMO starts... well... you already know how memecoins work $MARSCOIN has one of the most powerful combinations of narrative + accessibility + attention i've seen in a long time and in my opinion? the Binance listing is about to introduce this thing to an entirely new level of liquidity and attention

BINANCE JUST ANNOUNCED IT WILL BE LISTING $MARSCOIN ON SPOT!!! this is a REALLY BIG deal and i don't think people fully understand why yet $MARSCOIN is the first memecoin Binance has announced for a spot listing in almost an entire year let that sink in almost ONE YEAR and THIS is the memecoin they chose now... the last memecoin that gives me remotely similar vibes historically is $SAFEMOON — which interestingly also launched on BNB chain except in my opinion? $MARSCOIN is a FAR superior narrative in virtually every way why? because $MARSCOIN was: - memed into existence by a combination of the world's richest man, Elon Musk, and crypto's richest man, @cz_binance - built around the memestock meta, one of the hottest and most innovative new trends in crypto - born on BNB chain, right in the ecosystem Binance and CZ are aggressively pushing - paired with $SPCX, the onchain representation tied to the SpaceX narrative, the most powerful space company and brand on earth - designed to reward holders with onchain stock-related $SPCX rewards, perfectly aligning it with the exploding RWA narrative - positioned directly within the exact direction Binance and CZ have repeatedly signaled they want BNB chain to move towards, so expect an aggressive push from them so ask yourself: if Binance and CZ are aggressively pushing this entire new direction for crypto and BNB chain... what do you think happens to the flagship memecoin representing that narrative? and here's where things get REALLY interesting 👀 $SAFEMOON reached a peak market cap of approximately $17 BILLION and it did that... WITHOUT EVER GETTING A BINANCE SPOT LISTING meanwhile... at the time of writing, $MARSCOIN is sitting at around $180 MILLION $80 MILLION versus a historical comparable that reached: $17,000,000,000 (yes, that's 'B' for billions!) and again... $MARSCOIN is now getting access to Binance's spot exchange imagine what happens when Binance's hundreds of millions of users open the app... and they see: MARSCOIN sitting there as the biggest gainer of the day a coin literally named after MARS a narrative connected to Elon Musk & CZ connected to the memestock meta connected to the BNB chain ecosystem and now officially listed on the largest crypto exchange in the world what do you think happens next? they're going to slam the BUY button and once retail FOMO starts... well... you already know how memecoins work $MARSCOIN has one of the most powerful combinations of narrative + accessibility + attention i've seen in a long time and in my opinion? the Binance listing is about to introduce this thing to an entirely new level of liquidity and attention

i'll admit: i haven't been very optimistic about Solana recently, and i've been quite vocal about it in fact, i have a thesis written on why i think RH & BNB Chain outperform while Solana loses significant mindshare/marketshare this cycle i wrote the draft last week and have just been too busy to edit it i think it's probably the longest thing i've ever written for X 😅 but my bias is starting to change i'm beginning to lean bullish on Solana and the Solana ecosystem again at least much more bullish than i've been over the past few months and there are a few reasons why: 1. Solana is starting to embrace the trenches again i have zero exposure to $STONK or its ecosystem i actually faded it because i assumed Pumpfun would launch a similar feature and kill it early but i've noticed Solana leaning VERY heavily into pushing STONK and its ecosystem over the past week so much so that both STONK and another token launched on it have hit $100m+ market caps within the past week IMO, this is a clear sign of a cultural shift within Solana it looks like they're becoming much more willing to encourage and incentivize projects that can actually help their ecosystem grow this is BY FAR the recent development i'm most bullish on not because of the token itself but because of what it potentially represents: a cultural change coming from the top down 2. Solana leadership is paying attention now they actually reached out to me and wanted to chat about how they can better align with the trenches i had a very constructive chat with @vibhu today 🫡 i think this is a pretty big deal nobody could force them to reach out if they didn't want to but they clearly recognized that something wasn't working and wanted to understand how they could improve it that makes me significantly more bullish on their leadership huge props to @mst1287 for facilitating this btw 🫡 3. Solana is taking a much more active stance towards supporting its ecosystem i think a lot of blockchains are starting to learn from Robinhood and @vladtenev 😅 the StonkFun example i mentioned above is one example another is Solana's official page acknowledging solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk just hours after i tweeted that it had received zero acknowledgement from them and it wasn't just the official page @toly himself acknowledged it those who know me know i have a very soft spot for solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk but i'm bullish on this move from Solana leadership for reasons that go far beyond my bags it's about the message it sends solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk is by far the best-performing new token to have launched on Solana since it went live it deserves the acknowledgement! Solana is obviously a decentralized blockchain it doesn't need, and shouldn't try, to kingmake projects but if projects and communities feel like they have a genuine & equal opportunity to receive recognition when they do well, more builders and trenchers are going to rally behind the chain and that is VERY bullish for Solana as i've consistently said throughout all of my criticisms of Solana: my issue was NEVER the infrastructure or the technology Solana has some of the best infrastructure in crypto and one of the strongest network effects we've seen in this space they've also provably scaled and battle-tested an absolutely insane amount of traffic in an incredibly short period of time i mean, nothing beats the traffic from U.S. president launching a coin on your chain 😅 my issue has always been the culture specifically, how extractors seemed to have a chokehold on the Solana trenches to the detriment of users but Solana leadership now seems to be responding to that criticism by getting into the trenches themselves and actively working to fix things one by one and THAT is what is changing my mind as for the thesis i wrote last week that was extremely bearish on Solana relative to RH & BNB Chain: i've chosen to send it to Solana first before publishing it publicly for a few reasons: - i'm seeing changes that make me more optimistic than i was when i wrote it - this makes me feel that there might be things being worked on that i'm unaware of, and i'd hate to be biased against them without having this context - i might have some ideas that could help Solana maintain its edge, and since they reached out to me, i figured i should share them first - if i do publish the thesis, i want to make sure i accurately represent the Solana side because ultimately, my goal is to help my followers make the most money possible by identifying and positioning around the right trends getting this wrong could cost both my followers and me so yes, i still reserve the right to publish the thesis and i probably will eventually but if i do, it will be a much more balanced piece than the one i originally wrote my Solana bias is changing and i will keep you guys updated on my unbiased thoughts in due time!