Abode
1.5K posts

Abode
@Abode
Full time crypto since 2017, prev: marketing manager for two major CEXs. Now just trading. Doxxed acc suspended, starting again.
Se unió Nisan 2010
517 Siguiendo397 Seguidores

@ohdonpier @theunipcs Yep but he is implying that Kraken is buying. They are not. People are depositing to Kraken and by the PA, clearly selling. Someone is buying, but less than are selling.
I don’t mind Useless, I have traded it a bit.
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so much crying about $USELESS coin on the timeline today
some even went as far as to suggest i was selling because i was AFK for less than two days, even though i'm technically more affected by the drawdown than most — and it can easily be verified on-chain that i haven't sold a token!
i guess i'll start taking more frequent breaks going forward!
if your thesis for a coin is so weak that a single guy being offline for a couple days is enough to shake your conviction or make you panic sell, then you're a manchild and should reassess your reason for investing in the first place. respectfully 🫡
okay, rant’s done.
how am i feeling about USELESS here?
on a personal level: 1) never sold a token 2) still holding my low-leverage, short-term swing trade from around the Coinbase listing because i expected higher targets, so i simply added more margin 3) longed more on this dip today as i found it irresistible
generally speaking, my conviction remains unshaken:
- the thesis for USELESS coin remains intact, so i have zero reason to panic
- i believe the major move for memecoins this cycle is NOT yet in, and i expect USELESS to outperform when that move inevitably comes
- while many might be obsessively focused on the USELESS price action, it currently has a much better drawdown-from-ATH ratio than most established or hyped newer memecoins
for example:
- USELESS is down 63% from ATH
- FARTCOIN is down 75%
- PEPE is down 68%
- WIF is down 85%
i could go on and on!
memecoins are known for their insane volatility on both sides: they often rally or correct harder than even the most optimistic or pessimistic estimates of the average holder
what ultimately matters is whether the underlying thesis or fundamentals have changed
USELESS coin’s main thesis can never change:
- there’s an entire sector of useless coins ('memecoins') worth $70 billion
- there’s an individual useless cryptocurrency worth over $160 billion i.e. $XRP
- there are dozens of useless coins with market caps in the billions or tens of billions i.e. $ADA, $BCH, $LTC, etc
- by contrast, $USELESS sits around $160m at the time of writing
USELESS coin’s fundamentals have also improved significantly:
1. it is now available on Coinbase, Kraken, and several major CEXs at a price attractive enough to onboard a new wave of believers
2. Kraken now holds ~4.5% of supply, and CEX balances continue to rise through this dip — indicative of retail accumulation
3. whales and smart money continue to accumulate aggressively, showing conviction in its potential
4. on-chain volume looks strong, accelerating during this correction — showing dips are being bought
5. core early holders remain steadfast. a notable example is @duaud9912 (second-biggest individual holder) doubling down on the dip earlier today: x.com/duaud9912/stat…
6. several high-profile traders with massive reach (e.g. @Bluntz_Capital, @MacroCRG, @AltcoinSherpa) have long flagged the $0.160 level as a key level for them to get bullish on it. i didn’t want USELESS to hit it, but here we are — and these guys being on board helps decentralize the holder base and further amplify the message
7. USELESS mindshare remains strong, evidenced by today’s surge in accounts posting about it — whether buying the dip, memeing the price action, or outright fudding. all of this adds up to creating more awareness, which is bullish
8. brutal dips like this tend to strengthen a project’s core community if they survive it. USELESS has a major edge in surviving compared to any other memecoin launched this year
overall, everyone wants high-potential assets to go straight up without catching a break
but that’s not how markets work
sometimes our assets defy expectations for a while — other times the market just does what markets do. and that’s fine!
at the end of the day, you only need to ask yourself two questions:
1. do you think this bull run is over, and memecoins will never go explosive again?
2. has anything about the core thesis or narrative of USELESS changed because of this dip?
for me, the answer to both is no
if anything, this correction makes the meme funnier and pulls in an army of people who have to talk about it just to be part of the “USELESS joke”
but talk about it they must — and that attention fuels higher upside once momentum returns, thanks to the mindshare boost this dip has created
TLDR: my faith in USELESS coin remains unshaken, and the trajectory remains multi-billions. God willing!
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@pumpdotfun lol look at the charts of these memes. Your “support” has done nothing for the price of them except a temporary bump then lower. Pump are greedy extractors.
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coins embracing other communities is a net positive for the trenches.
absolutely nothing to lose by supporting other communities, and everything to gain
Grizz@grizzle_art
You're not fading the character that's being featured all over crypto twitter, are you?
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Calling the top for @heavendex and $light, and also calling the top for it's mindshare.
It's now clear that @peacefuldecay has decided to launch a pure ponzi disguised as launchpad, and fool all of you into thinking he's ''changing the game''.
> For perspective, the cumulative MCAP of the top #10 @heavendex tokens is a laughable $9m.
That makes it 5% $LIGHT's MCAP, and with everyone and their mother having talked about it on the timeline.
The verdict is: A launchpad with no runners will sooner or later collapse. Organic or not, the people you are trading against do not care.
Good luck anon.


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@HvnLightios @heavendex What’s going on @heavendex @peacefuldecay? Pretty disappointing and kinda putting me off this eco if you can’t support someone that is actually doing something decent and isn’t rugging
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@HvnLightios The hustle and dedication will be recognised soon enough, don't give up!
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@SolportTom When will we see another one of these tweets?
x.com/SolportTom/sta…
Tom@SolportTom
Sized up some more $useless & $gp bidding more tokens
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Abode retuiteado

Uh oh.
500 days after halving is in two weeks…..
Mags@thescalpingpro
#Bitcoin Simple Strategy 🤝 1) Buy Bitcoins 500 days Before Halving 2) Hold & Do Nothing 3) Sell 500 Days After Halving 4) Repeat
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Abode retuiteado

Loaded into $GP / @GraphiteProto for the ever continuing BONK season - bottom looks in after some heavy exits, and I do want to fade @SolportTom & team. The new website is clear and transparent.
$17m in treasury on a $36m market cap with a 38% ownership of @bonkfun? OK. Lots of clever things you can do with a treasury of that size. ❗️❗️❗️
A points campaign on bonk.fun might be launched imminently too it seems (someone found it in the menus but it's down now). It's an attention economy after all..
Also very curious about what's cooking with parallel.bot, no doubt we will see some buy/burn/fee sharing mechanics.
I'll support teams that grow, rather than extract from the Solana ecosystem any day of the week. You should, too.

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@Abode @FabianoSolana @DeFiTuna TGE was on 30 july ,from that date onward, the earnings and rewards distribution began . 8K from the start of the project
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