We’re so back.
What’s up everybody, this is Thomas Bahamas and you are here for another episode of Solana Weekly. Where it’s my job to find the biggest stories of the week and try to figure out the implications of what we’re seeing. We are seeing so much up only and I am having a great time.
I would like to say that this episode is brought to you buy the massive pump of Bonk and the absolute chad holders at Quekz. Both are the quality assets we need and are the best examples of great projects on Solana.
Sol price - 41.34 up mega, we are up 73% over the last month. Leading into breakpoint with news and releases dropping, combined with token drops and this thing is rocketing.
SolEth - .023, up mega
Solbtc - .0012 up! We passed previous resistance at .001 i was watching closely and boy we are not stopping.
Well the theme of this episode has to address the overall upness of the market and just how pumped I am about it.
Huge pumps everywhere, with Sol outperforming everything on the way up, holding higher levels, and the cherry on the top is Bonk pumping over 2x as well.
It’s not ending. Yes there might be local tops and some pullbacks, but I think we are starting to the beginning of the bull run.
The timing couldn’t be better, it’s token season on Solana combined with Breakpoint coming up and tons of really good protocols humming along.
The protocols that I’m most excited about all have tokens coming as well.
Jupiter, drift, jito, kamino, meteora, margin, magic Eden, goose, isc have all had pretty serious rumors about dropping tokens and I’m here for it. I think Sol holders and all of us that have been here for years should be rewarded. We are the community and bring value to these protocols. Spreading that would be the most crypto thing. This is how Ethereum has always won, they get their users rich and they never leave. I am here for it.
Of course with all these great game changing protocols having really thought out drops, there are the memecoins with no thought as well. I’m seeing jeet, wen, and a whole slosh of other coins flood the market and why not. It’s fun, some of them do okay.
But I think the trash tokens are actually highlighting the insane difference between a token and all that Bonk has done. Bonk is built different and with a great drop to the community and integrations with almost all protocols it is the heart of solana. It was there for us on our darkest days after ftx rugged. It dropped on Christmas and Solana was like $8 and sentiment was trash. It was going to 0. I was sitting at my in laws and laughing at bonk and branche dropped that bonk was launching in degen mints and I aped some because I thought it was funny. I bought more because it was fun. Burning your bonk was hilarious. This was the start but they have continued to build this whole year. Great marketing, fun, and tons of use cases are all on the back of this rally and it feels good.
If you’re in nfts, pivot to defi.
NFTs are doomed. Everything is down mega. I’m not sure when it stops. But I can say what has worked in the past is holding quality nfts that will do well. Maybe adding a couple more that are super bleeding. The only project excelling during these dark times are the Quekz! That’s right, our ducks are the best ducks. I got some sick merch, the holders are absolute chads and it’s going to 10 sol and wouldn’t be surprised to find it at 100 sol. No one sells. It’s funnier if you don’t.
As far as other quality NFTs, I’d urge caution, but famous foxes look free, they have a ton of revenue and run time and aren’t going anywhere, smb gen 3 are free, Monkedao isn’t going anywhere either.
Empire pod and 1000x is maybe the best pod to think about the crypto markets. One of the hosts Jonah trash talked Solana and got roasted. Then they had Toly on and hes pretty onboard with Solana.
How to play the pump: keep an eye on SolBtc. I have the urge to take a little profits on the way up. But the left curve is to just stake and hold. i have most of my sol staked and will hold. But i will keep an eye on the price of solana vs Bitcoin. When it tops I will likely look at swapping over. Because when Bitcoin runs it runs.
Updated from breakpoint:
Armani and Tristan and the lads are releasing an exchange! A centralized exchange for the people. Super pumped, and they also released a mobile app.
Next breakpoint is in Singapore.
Fire dancer is officially on testnet and hitting 1 million tps! Eth teases solana speeds, while solana tests unheard of speeds.
Pyth airdrop is live.
Squads is releasing a wallet called fuse wallet that’s a multisig and super user friendly.
AWS releases node runner.
anyways sorry for the late episode, everything was pumping and I couldn’t even keep up with the news. It’s Halloween, get those pumpkins carved and enjoy some gains.
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