Huripoo (insolvent) 🐂🀄️

race to 1B

bull call 🐂🀄️

until death, all defeat is psychological

$ANSEM updates: have added approx. ~$400k in $SOL liquidity to LP past week or so, current priority is deeper liquidity + spot listings + growing holder base, the larger the network of token holders the more value there is for partnerships with other protocols & brands in the future same plan with staggering $ANSEM airdrops at higher market caps, nearly finished building out tools internally to easily send out airdrops instead of doing everything manually, priority is on adding as much value to the $ANSEM ecosystem as possible so airdrops are intended to be used as efficiently as possible - would much rather airdrop to individuals and protocols that are bringing in net new demand than just to ppl looking to sell on receipt, really like @0xgilbert 's hackathon idea of sponsoring teams to build cool things starting with new content & socials teams next week, so will accelerate output of media there instead of most of it just coming from this account w/ me bullposting + others doing so on their own - memes/gif folders, photos, video etc all otw a lot of great inbound from artists and content creators looking to contribute, i sent some funds out to @NeverGoon & @youngjazzeth to do some IRL onboarding, but if you have any interesting ideas there also dm me, planning to start using the pump.fun/profile/ansem/conzi… to so IRL bounties so people across the world can all contribute in different ways partnered with @ProsperityTime_ on giving away a patek with raffles in $ANSEM, all supply used for tickets will be burned rafffle.famousfoxes.com/raff… only ~2.5 weeks in & could not have better timing with crypto majors finally starting to look good

going to add my two cents here i believe ppl are generally upset with base because you guys pick & choose what you want to support onchain, because you never know what is going to work and what isnt going to work so it isnt as simple as objectively determining what is positive sum beforehand for example, base did a big push on creator coins, you even directly bought balaji's coin, but base was not as supportive of memecoins, especially the ones that were doing a lot of volume onchain and could have benefitted from exchange listings earlier, but the creator coin & memecoin charts ended up looking near identical, with most of the creator coin charts not doing nearly as well as a lot of the largest memes on base - i personally think there are some unique reasons for why they didnt work and will work in the future but thats for another post from my pov there are two different ways to value crypto assets, one is based on the fundamentals of the underlying business, and the other is more intangible value determined by the community of users of the network and driven by attention/momentum/belief etc hyperliquid is a great business that makes real revenues and is valued in part because of those revenues, but it also trades at a premium because of the collective belief that their users have in the network and their future plans to execute on that vision bitcoin on the other hand, makes no revenue, but is the largest crypto asset by market cap because it trades purely on the collective belief that it is a better store of value than depreciating fiat currencies and the network grew so large that it became a self-fulfilling prophecy ethereum is somewhere in between in that it does make real revenues but if you simply valued it purely off of those revenues as you would a tech stock it would trade 95% lower, ethereum also has some intangible value determined by the network of cypherpunks who are majority stakeholders of the network, and they believe that its value as an asset is more than what you would come to conclude on based off of purely p/e ratios tokenization, stablecoins, perpetuals, and prediction markets have been crypto's greatest success stories to date, tokenization in particular has been so successful because it is one of the only ways to accurately put a dollar value on this intangible value of culture and attention memecoins are denigrated by a lot of the corporate entities in crypto, but i think what a lot of people fail to realize is that the same intangible value that drove bitcoin and ethereum to be the #1 & #2 largest assets in crypto is the same intangible value that attracts retail to speculating on memecoins, doge sits at $11B and has outlasted a majority of coins over the past decade, its value is purely derived from how internet natives value culture and memetics on the internet do i think its important to uplift and support protocols in defi/rwas/consumer etc etc? yes, but its just as important to recognize what your users are interested in trading, the best analogy i can make is that if you are a mayor of a city and you have patrons who want to go to nightclubs or go to the casino or go to bars, you would not exclude this activity because you only want people to build businesses like banks, restaurants, corner stores, bookstores etc etc. - for an L1 to thrive it needs to have a diverse ecosystem of all things, and it is clear from the data that onchain trading volumes directly positively impact the native blockchain, whether thats in bringing more attention to the chain, or increasing fee revenues, or increasing revenues of underlying infra providers, or attracting new builders to create new products - best example of this is how bonk revitalized solana at the lows & was a very core reason that trading activity came back onchain + the main reason the first set of solana mobile phones sold out all L1s & L2s are social networks with their own ecosystems and their own culture, with permissionless networks you cannot control what people build or trade, but you can find ways to provide support across the board and contribute to ideating on how to make trends more sustainable

citrini analyst #3 saved the markets