Ex tech founder
Galuga archipelago
Joined March 2023
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Why I’ll Never Trade Pure Meme Coins, only Utility and AI
I focus only on Utility and AI tokens because I know my edge: fundamentals and real tech. I openly admit I’m not cut out for meme coins. I can’t put a logical thesis on pure virality. Anyone can corner the supply of a coin, shill it on social media, and suck up liquidity with hype alone. There’s always another meme coin popping up there’s no moat, no roadmap, and no depth I can analyze.
But with Utility or AI plays, real engineering and hard tech are involved. You can’t fake shipping a working AI infra layer, or building a revenue-generating decentralized service overnight. These projects take time, talent, and capital, you can sanity check their progress and put a rough fair value on them.
I’m fine missing a 100x meme pump. I’d rather double down where I can trust my reasoning: stick to solid teams shipping hard to build tech. Real products attract real adoption and can sustain multi-million even billion, market caps. That’s my edge, and that’s where I stay.
Contra retweeted
Prev multi billion memes have had even larger drawdowns before running to the b's and you're selling here? Ngmi
LONG $AI @Natan_benish @longdotxyz @ArtificiallyInu
Rain cards - 5Bn volume - 1.95Bn Mcap
$Cred - 2.2Bn volume - 17Mn FDV/10Mn Mcap
Will reprice aggressively
This might be bag/network biased tho here's my take on why solana:Zy4fyU2SmzUvZWTXaJNu84eHBenXJLwERBGpUMppump is easily a 100m token
@crediblefin aims to provide a whole suite of financial tools required by institutional clients, from transferring payments and settling them in T=0 to having credit programs
Take the example of @raincards. They raised 250m in their Series C round, which puts their valuation around $2B. Their annualized volume is now around $3B. Now compare this to credible, which raised $4m via @MetaDAOProject. Their annualized volume is around $2.4B, and their token mcap is around 17m.
For people who aren't familiar with Metadao, it's a platform to raise capital by launching your own token. Unlike traditional launchpads, it legally binds the product to the token, ensuring there is no such thing as token + equity, where the token goes to zero in case of an acquisition. It also allows holders to raise proposals and trade on their decisions. This way, you can actually have a say in what should happen with the company's treasury.
There was too much alpha on $Cred in yesterday’s @MCGlive
Coming month is going to be exponential growth
May 137m monthly volume
June 146m monthly volume
July 162m monthly volume
August 183m monthly volume
Sep as of now 191Mn (flows still coming in can be 200Mn month)
Today on MCG
$CRED | @crediblefin w/@Arp_it1
Credible finance provides instant global money movement for internet businesses via stablecoin backed payment financing
Highlights include:
00:21 - Introduction to CRED
01:52 - Arpit Joins the Show
02:51 - 4x volume growth since December(Update)
03:04 - Opening new markets
03:53 - September closed near $200M volume
06:37 - Building checkout and card payment feature
13:20 - Revenue & Growth explained
14:05 - Revenue flows back to token treasury
14:10 - Solomon Labs relationship
15:43 - CNY corridor & same-day China payouts
17:02 - BottleNeck in the business
17:53 - Clients on B2B2C model
19:17 - Stablecoin growth thesis
23:10 - Team heading to Token2049 next week
24:05 - Acquisition interest
25:49 - Expecting a record breaking final quarter
26:49 - Closing Thoughts
@raincards was valued at $1.95B on just over $3B of annual volume. @crediblefin processed ~$1.15B over the past 12 months and trades at $14.1M, ~50x cheaper per dollar of flow.
I think its easy to overlook this as another 'metaDAO raise' or when attention is shifting to more major rev-generating protocols
$CRED is currently supporting, 42+ markets, 37+ currencies, with 86+ payment methods, including UPI, Pix, SEPA and ACH.
~70% of pre-raise burn spent on banking, acquirer and merchant-of-record relationships
The on-chain stats:
> $1.31B processed to date
> ~$165M a month over the last quarter
> ~$4M annualised revenue at a reported 0.2% take rate
@circle and @0xPolygon are backers, and Credible is onboarding onto OwlTing's OwlPay Harbor for regulated payouts into China.
IMO the rev meta explains most of the discount.
$CRED holders govern the treasury and IP, but Credible's revenue funds operations with no buyback or distribution currently so the market is probably holding back on this now.
I'd expect fee switch to be on when certain stability has been reached, and then the repricing should come.
(Data: @artemis )
Balanced take below
90% of the RH coins will not survive
Ones which had $100 TVL with 5Mn Mcap will die
Eg: $Microduck ATH 40Mn currently at 2Mn Mcap
most coins rn have a very bad sizing to ceiling ratio if I look at anything on RH or SOL
size only gets deployed into fast things with a lot of obvious catalysts. But most coins I see across the board look like utter shit to me. Low TVLs or no moat that doesn’t get taken by bigger players
Could name tickers but 99% of RH defi is deffo going to 0. most long pairs too. Not enough money and influence slashing around rn that would support these coins
general observation would be too many coins anyways with short lived cycles and weak narratives.
5.5Mn TVL
6.8Mn Mcap
Integration with all apps that can enable borrowing for $Bow
So cheap
Ahead of HOOD Summit '26 tonight here's a snapshot of where @longbowlend is: 60 live credit markets on Robinhood Chain.
Borrow against tokenized stocks like TSLA, NVDA and SPY, plus crypto and RWAs on Robinhood chain. Every market is isolated, with its own oracle and limits.
$5.51M TVL and counting.
See them all at longbow.cash/stats
Very comforting to know that 20% of $SI is held by this trustworthy whales
Fun fact: Between @theunipcs @Jelitics @MoneyLord @_TJRTrades me and like 8 other wallets that's like 20% of $SI you don't have to worry about circulating for awhile prob
$AI - Still the best thesis + now liquidity infra
Jesus Christ man
NGL you should follow my port to see where the market is headed
Yesterday port was at 320K now at 375K
pump.fun/join/Contra
Perfect balance of the market to see if it’s recovering or dumping
$AI
$Si
$Schiffy
$Standard
Expanding on this
$AI - Liquidity RWA for RH, much more than just a ticker with inu in it
No way anything vamps it, so deeply ingrained
$SI - Fortunately there is no PvP with the same ticker, which means all attention on Super Intelligence we have only one coin that can run
Though there are people claiming for a flip and $AI dying are posting for attention
Both are different narratives and will run irrespective of people calling this as PvP
For me both are PvE