Alpha_Kvng

@WhiteWhaleLabs Will be clearing off overdue debts 6N9QvEuiwgBHNYJVhYLU6CQ8ThzBb1KVbh6toVhiS8vj

🔔 Bitcoin Giveaway 🔔 10 random qualified winners will each be sent .01 cbBTC to their Solana wallet address (approx value $640 each). Reply to this post with your honest answer on what you would do if you were selected. Please include your SOL address in your reply. To qualify you must reply to this post, and must have followed/interacted with my content before today. For new followers - you’ll be eligible for anything I do in the future so not to worry. Grok will be making sure random winners are selected and qualified. Winners will be announced at Sunday at 4pm UTC. (9A PDT / 12P EST. May the odds ever be in your favor. 🫡 From the depths — The White Whale 🐋

MrBeast's business isn't funded by speculation on @MrBeast . It's funded by advertisers, customers, and commerce outside the feedback loop. That's why I think the comparison between solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump and the Creator Economy is both compelling and where the thesis is most vulnerable. solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump's reward engine is funded by trading activity around the token itself. Those are fundamentally different economic models. One has a demand source outside the loop, the other doesn't... yet. This doesn't mean solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump eventually fails but it means the thesis is resting on an assumption it hasn't actually proven. I dug into solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump, Bullpen, and @WhiteWhaleLabs ' solana:a3W4qutoEJA4232T2gwZUfgYJTetr96pU4SJMwppump precedent to see where that assumption holds and where it breaks: x.com/Alpha_Kvng_/st…

@JustDeauIt Ngl, when i got the update, I was like 'what? even Michael?' 😅

Every so often, I share a report or portfolio update that creates a lot of pushback. Have a feeling that will be the case with this one. But in my experience, those who are curious, non-judgmental, and willing to take risks in new and speculative areas who tend to outperform. --- If you'd like to unlock the update, you can do so with access to TDR Pro for one month free below 👇

HYPE has been one of the best-performing crypto assets in the current bear market while several fundamentals still reflect bear market conditions. The numbers are mixed: >User fees: down 19% y/y >Buyback yield: 1.17%, down from a peak of 4.1% >HyperEVM active addresses: down 23% y/y But strength is emerging across: >HIP-3 volume: up 30% q/q, now 49% of core DEX volume >HyperEVM stablecoin supply: up 227% q/q >Open interest: up 34% over the last 90 days >Token economics: net issuance of -145.4K HYPE, with no VC unlocks Is the market pricing @HyperliquidX 's perps business today or the infrastructure layer it's trying to become? Today, we shared our Hyperliquid Q2 Ecosystem Update, covering the data behind hyperliquid:native 's fundamentals, valuation, token economics, HyperEVM growth, and the key risks investors should be watching. If you'd like to access the (free) report, see the link below 👇

@utdscope MIss this lot, can't wait

Carrick ball is back tomorrow.

@llama @Onchain_LLAMA Lmao 🤣

@Onchain_LLAMA that’s your 3 free today (resets midnight UTC). dig deeper anytime → defillama.com/ai 🦙

A wise $LLAMA ignores the noise. What do you think @llama?

Last July, we went risk-on as "DAT season" was taking off: >ETH >BMNR >PUMP >GLXY >WLD >ENA >Select memecoins ...then rotated back out by October. Since TDR Pro's inception, that stance produced: >+52.9% realized return >-45.7% for BTC (our benchmark) ...and therefore 98.6 points of alpha. Beyond picking the right assets, the edge was knowing when to become risk-on and when to back out. We just published our first Performance Review and it isn't just a record of returns. it's a review of the decisions behind them, including a 29% gain we still consider a loss, and why we missed ZEC despite seeing the opportunity. If you'd like to check it out, you can sign up and get one month free below

In a recent interview, Jito's @buffalu__ said @jtx_trade isn't for "the five-second memecoin trader." The obvious read is JTX is going upmarket. The less obvious one: it's a bet against the flow that's driven Solana's revenues this past cycle. @Pumpfun alone generated nearly 1.5× Solana's entire network revenue in Q2, which is a big reason network revenue has been so tightly tied to market sentiment. If @solana wants to become less cyclical, changing who trades may matter as much as changing how they trade. We put a number on exactly how cyclical that revenue still is and what it would actually take to change it in our recent Solana Q2 update. The Watch List also covers Solana's operating performance, RWAs, stablecoins, token economics, DeFi, fair-value KPIs, and where we think the next expansion could come from. If you'd like to read the (free) report, see the link in the comments below.

@WhiteWhaleLabs @solana @DefiLlama kindly work with @clobr_io

My goal: Create the #1 protocol on @solana for value returned to users. If we don’t make @DefiLlama create a new metric for us, we haven’t done our jobs. The next generation of protocols shouldn’t extract value. They should create and distribute it. Stay tuned.

Momentum is fading. @blknoiz06 's $ANSEM is finally going through the curiosity test. If creator infrastructure actually works, what should it look like once the hype slows down? We can see the market starting to answer that in real time. (sub $200m MC, down from over $400m) Whales are rotating out. Mechanism updates are becoming more important. Traders are debating whether the system can keep functioning without relying on pure momentum. This is the stage where the infrastructure has to become observable. The next few weeks probably won't answer whether creator infrastructure works. They'll answer how it fails or what would convince you it isn't failing at all. I tried to define what success and failure would actually look like before the market started running this experiment. x.com/Alpha_Kvng_/st…

@blknoiz06 I'll do you one better: x.com/i/status/20749…

@hotpot_dao Assumptions Assumptions Assumptions, in a space with more failures than any sector, same thing with Base. Assumption is dangerous in business

After spending the last two years building the MegaMafia, we’ve decided to sunset the program. While it was a success in many ways, we believe that the program was built on assumptions that no longer hold. Here are some reflections, and what’s coming up next. > We had real conviction in Mafia founders, and have gone above and beyond in standing by their side to bring their products to market. Some examples include: restructuring the GTE leadership team during critical moments just one month after their initial pre-seed raise, offering to buy out Noise's investors when they tried to push out the CEO, and played a crucial role as they pivoted from their initial prediction market idea, and merging the Tenten and HitOne team after seeing the synergy between the two. > Across both cohorts which in total included 20 teams, we lent our reputation and networks to founders so they could go on to raise over $80m in funding in pre-seeds, seeds, and series As. We kept the MegaETH’s raise to a minimum so investors can get more skin in the game with the Apps directly, rather than the protocol. > For teams that had difficulty in raising when the market turned bearish, we extended resources, engineering bandwidth, and actual capital (e.g. six figures in audit for Avon) so they could make it to Mainnet. We did it solely to help founders see their vision through. > We set the product vision for 5 teams and supported their initial builds before eventually facilitating their fundraises from leading tier-1 and tier-2 funds. > We spent significant cash (in the millions) bootstrapping teams’ DeFi requirements, through market-making support, direct lending, and other liquidity related needs. > We hosted 5 large-scale in-person events (New York, Brussels, Bangkok, Singapore, and Seoul) so MegaMafia projects could meet investors and community members from around the world. In many ways, the MegaMafia was the best incubator of this cycle. But very little of that value has trickled to Mega. In fact, most of those applications are no longer being built with us. At the time, we intentionally took no equity, governance rights, nor economic value because we wanted people to be genuinely bought into the Mega vision and the power of our technology. While we will continue to support existing MegaMafia projects, there will no longer be MegaMafia 3.0. What’s next? Our ecosystem goal going forward is to support teams building OMEGA applications, apps that are only possible on MegaETH, using our wallet infrastructure and stablecoin. More importantly, we're redirecting the energy we were lending to third-party builders into our own first-party applications: consumer-grade apps, built directly by us, for the people we're trying to serve. Where MegaMafia was indirect, betting on other teams to build value we'd eventually capture, first-party apps let us build direct relationships with end users ourselves, with all the upside and accountability that comes with owning the outcome. We're aiming for faster feedback loops, with insane focus on accruing value directly to the protocol.

@clobr_io Solid product!

@Alpha_Kvng_ not a bad idea!

are all these solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump whales still stacking? charts look cool but the details show they're getting sent dust. always look deeper to verify...

10 BEST WAYS TO LOSE MONEY IN CRYPTO — TDR EDITION 1. Ignore how crypto market cycles work from first principles and chase the latest narratives instead. 2. Follow the herd instead of doing the work to identify mispriced assets. 3. Be closed-minded, tribal, and ideological. 4. Observe the markets "as we are," rather than "as they simply are." 5. Skip second-level thinking. 6. Chase assets you missed, ignoring your own fair value targets. 7. Fall in love with assets simply because they've gone up. 8. Invest without a long-term thesis. 9. Operate from a scarcity (zero-sum) mindset. 10. Be judgmental of ideas you disagree with instead of staying curious. This week marks the FIRST PERFORMANCE REVIEW since launching TDR Pro a year ago: realized & unrealized P&L, the wins and losses, current portfolio and allocations, and the strategy behind it. The rest of the report is what doing the opposite of this list looks like in practice. If you'd like to unlock the report for free, see the link in the comments.

@blknoiz06 @TylerDurden Altcoin ❌ Creator coin ✅

@TylerDurden $ANSEM will be the #1 top performing altcoin this cycle by an extremely wide margin ill come back to this tweet sometime in 2027

Wagmi

Wall Street is becoming increasingly bearish on @circle because of Open USD. That's interesting. But notice what the market is actually assuming: that a better economic model should eventually displace an incumbent. We've already seen that assumption tested. @HyperliquidX 's USDH launched with stronger ecosystem economics, revenue sharing, and governance support. It still failed to displace USDC. So if superior economics wasn't enough on Hyperliquid, what actually makes an incumbent stablecoin difficult to displace? I tried to answer that by looking at three stablecoins whose outcomes shouldn't all coexist if supply or economics were really the moat. x.com/Alpha_Kvng_/st…

Robinhood Chain's launch is easy to read as an isolated success story. It's probably better understood as another data point in a trend that was already underway. Last quarter, Ethereum's L2s accounted for 46% of all Ethereum DEX volume, up from 45% the quarter before. @base alone represented 81% of all L2 DEX volume. @RobinhoodCrypto is joining an ecosystem where an increasing share of Ethereum's trading activity already lives and it will not be the last major platform to make this move. So if more trading activity continues migrating to L2s, how should investors think about Ethereum's position in that ecosystem? That's one of the key questions we explore in our latest Ethereum Q2 Update: as more activity moves above the base layer, what does that mean for Ethereum and ultimately for ETH? If you'd like to read the (free) report, see the link in the comments below.