What’s up everybody it’s Thomas Bahamas and you are here for another episode of Solana Weekly! Let’s dive into what’s been happening and see where we are going. We got a lot to cover from new government regulations and wells notices to Trump pumping our bags over to the latest in airdrops.
Prices not really too interesting as we’ve been in the same range.
Solana at 147.
SolEth at .049
Solbtc at .0237
Honestly not too much to go over other than everyone seems to be collectively bullish and already talking exit strategies above ath.
Government insanity. US House voted to overturn SEC rule preventing highly regulated financial firms from holding Bitcoin and crypto.A bill passed to allow financial institutions to custody crypto and Biden said he would veto it. Trump went full pro crypto in response to it at a dinner at mar a lago.
Meme coin cycle is insane now.
15,000 spl tokens being created daily.
Current cycle is launch everything, rug anything that sticks or gets traction and there is a cto or community take over. Insane.
I bought into a Dicki coin and watched this whole thing unravel. Community took over, shilled it in all the shitter chats, old dev rugged and demanded to be paid for twitter handles, access to telegram admin and all. Good meme and it went up, but this is not a sustainable thing.
Alpha is on Telegram and not Twitter now. I'm a paid subscriber and have just been figuring it out. I follow a bunch of sick channels now with crypto alpha and have them pinned up.
Price targets and where to sell? We’re in a crazy area where I’m seeing everyone put together a price where they up and leave. I mean I love this shit, I’ll take profits at levels but will keep this ball rolling.
Integration with usdc and stables as a massive competitive advantage. It’s crazy how used to using stables we get on solana. Swap for nothing at zero cost, send to Coinbase and hold for 5% apy or withdraw and all at no charge. On other chains there’s a ton of different stables and it’s confusing af. One of the usdcs on fantom was .03 cents. Bitcoin doesn’t have that, you send bitcoin to a cex and sell. That’s why a choke point operation could be so effective, but with solanapay integrations at Shopify and other places you don’t even need to off-ramp.
Zeta markets with the airdrop news
Gmx coming to sol, big perps dex from arb.
VanEck launched a Meme Coin Index of dog coins. Pretty sick.
FTX losers getting paid.
Fav protocols: flexlend and moonwalk.
Flexlend is the easiest and best way to get yield on stables. Cycle between protocols that have the highest hourly yield without doing anything. Get rewards for any defi protocol offering them.
Moonwalk is unstoppable.
Airdrops: drift soon, sanctum points pumping, Magic Eden.
Solana Weekly #68 Memecoin Supercycle and Moonwalks