
Sam
4.6K posts

Sam
@0xCryptoSam
investing @recvcx | prev @messaricrypto, @ether_fi | opinions are my own, not financial advice



.@ponsdotfamily is crushing it and revenues are still increasing! Over $63K in revenue in the last ~23 hours! $PONS



Regarding the recent buzz around my profile picture changes and some feelings that the Base community isn’t being supported enough: I appreciate the feedback (even if tough to hear) and I realize you wouldn't take the time to respond unless you cared. It seems I wasn't clear enough setting expectations for all of you, so let me try and do that now: please don’t follow my personal X account for investment advice or signals around individual coins. I’m simply posting things I find interesting or funny on the internet. I may not even be aware if there is a coin or project attached to the content I'm posting (you should assume I'm not, to be safe). My posts and profile pics are also not endorsements or commitments to anything. Base is our shot at building foundational infrastructure for financial services where we can all innovate together. That includes tokenized stocks, borrow/lend protocols, stablecoin payments, etc and yes even meme coin trading. I believe in economic freedom, and support you trading whatever you want. Just realize that if you're treating my X account as alpha, you are doing so at your own risk, against my wishes. I would never recommend this. On the topic of “support” from the Base team or Coinbase, there seems to be confusion around this too. There are many tokens we would like to list on our centralized exchange, but can't for compliance and regulatory reasons. If you want Jesse or me to pump your bags or shill certain coins, we're also not going to do that. Here is what we are committed to on support: we run in-person Base Batches and issue grants to high potential builders, Coinbase Ventures and the Base Ecosystem Fund also invest in the most promising companies building on Base, and we periodically integrate promising Base defi protocols into our products at Coinbase which enhances distribution. I might even mention something on X if I think it's interesting, but again, this is not investment advice. In general, we bias toward supporting projects that we believe will create long term customer value. You may like this approach or you may not, but either way hopefully it creates clarity going forward, so you can decide what you want to do. I respect your choice, either way. P.S. I still might post memes if I think they are funny! It's still not investment advice.

Hyperliquid’s monthly perpetual volume reached $266B last month, lifting its volume ratio versus Binance to a record 16.52%. Month after month, the trend is moving in one direction: higher. Source: The Block










More $CARDS buybacks from Collector Crypt #activities" target="_blank" rel="nofollow noopener">solscan.io/account/3nGNwi…
The wallet has been receiving USDC from the Gacha wallet (GachaNgyXTU3zFogQ8Z5jR2BLXs8215X2AtEH18VxJq3) every 4 hours for over a month. It's been buying back $CARDS with the USDC: over $280k in the past few days, on top of ~333k tokens before. Still >$80k left in the wallet, with more coming in every 4 hours. This is another manual buyback from the team, following the pre-seed allocations buybacks and other market buys previously mentioned, worth a few million $ in total. Looking at revenues and other important metrics: - $16M net revenue last month - DAU up 71% MoM - $411M in gross volume - $3.3M in Secondary Marketplace volume - >$40M in Tokenized assets - 8 figures in gross revenue from CC infra API partner With all major updates ahead, I'd say this is only the beginning.







With all the discourse around $VVV and $GRASS, it's finally time for me to drop my Simplified tier list on asset structures in crypto: -------------- A+: Public equity or @MetaDAOProject ownership coin B+: protocol level buy-and-burn with no / minimal leakage ($HYPE, $GEOD to a lesser degree). OR the approaches teams like $MORPHO and $SYRUP have taken (no equity, only token) C: no external equity holders, non-founders only hold token, but you trust the founder(s) ($GRASS, $CARDS) D: token + external equity holders , but you trust the founder(s) ($VVV) F: pretty much everything else -------------- A few big picture comments: - There is a huge gap between A+ tier and everything else - Everything below A tier to hinges to some degree on “just trust me bro” wrt the the founders. It’s just that the amount of trust you need to have goes up the further down the tier list you go. So for the B+ structures you don’t need as much trust, but for the D+ tier you need a lot of trust because the founder has to fight external shareholders in any case where interests between token and equity conflict - The price action on $GRASS, $CARDS, and $VVV have been in part trust reratings on the @0xdrej , @tuom, and @ErikVoorhees imo, Implicit signaling that trust in the founders exists / has increased - In all 3 of tokens mentioned above, I think the trust is warranted. That said, there are certain scenarios, esp acquisition, that will really stress test this trust and token holders are just praying to the heavens they won’t get shafted. And the historical track record indicates they will - yes I am glossing over structural differences between tokens for the sake of simplicity ---------------------- Edit: it has been brought to my attention $GRASS should be considered B+ tier given the Foundation owns the IP and earns the revenue. I think that is reasonable edit










