Andy

Arthur Hayes goes full bulltard on us with the near:native, zcash:native, hyperliquid:native trifecta. In this episode we cover: - Arthur's mental model for current AI/macro landscape - Why Illia has been so dead set on privacy and AI for 10+ years - Hyperliquid thesis (and Arthur's BitMEX roots) - The "20x on NEAR, 5x on ZEC" that could be coming - Who wins in the future agent world - NEAR intents and AI Agents - Why privacy is the final 1000x Absolute banger for y'all on this fine Memorial Day, enjoy.

@sawinyh Lmfaooooooo

@andyyy The whole cycle in four nouns lol

Tokenization. Perps. Stablecoins. Vaults.

@Evan_ss6 I think the market is mispricing it far too low than high, personally

@andyyy Market is still mispricing future HYPE dilution But yes a higher multiple for Hyperliquid does make sense

Market is valuing perps revenue (hyperliquid:native) with programmatic buybacks at ~50x P/E. Same market is valuing stablecoin revenue (ethereum:0x56072c95faa701256059aa122697b133aded9279) with non-programmatic buybacks at ~13x P/E. Agree or disagree with this pricing???

@rasmr_eth Whatcha mean by that man?

@andyyy HYPE revenue doesn’t matter

@proofofnathan Big ups brother

Plasma One is already the fastest stablecoin neobank to hit $1m in weekly volume. We will also be the fastest to $10m, $100m and $1b. P1 is hitting new records for active users and spenders every single day. And we are barely getting started. June will mark the end of the beginning. What we have planned for our brand and growth is going to pull more people into Plasma One and stablecoins than anyone is expecting. So enjoy the early numbers. The early growth. The early experiments. It is still day one for P1.

@sjdedic wtf is this man lmao

It’s almost funny how obvious this $LAB scam is, yet nobody seems to be doing anything about it. The token is up another 2x this week and is now trading at an $8.6 BILLION FDV. It’s pretty clear that shady market makers are painting the chart to lure in retail traders and then extract liquidity from them. The sad part is that something like this is only possible with the supportof CEXs, since you’d need fee-exempt accounts to pull it off at scale. Otherwise, the costs would be far too high. For example, if you look at DEXs like PancakeSwap, there’s so little liquidity for a token supposedly worth nearly 11-digits that a $10,000 buy order would move the price by more than 70%. That’s absurd. One thing is certain: there will always be shady founders trying to get rich through scams. That’s just the unfortunate reality of human nature, and it’s a problem that exists in every industry. What I find even more disappointing is that major industry players like @Gate, @kucoincom, and @bitget are willing to facilitate this kind of activity just to make a quick buck, even though it damages the very industry they operate in. It shows how short-term and purely profit-driven their thinking is without any moral. Use DEXs or you’re part of the problem.

@CoinDesk @scottmelker This guy lmao

.@scottmelker weighs in on ZCash: “It can be a private token without being private Bitcoin… I’m yet to meet anyone who said, ‘I sold my Bitcoin to buy ZCash.’”

@tulipking @ceterispar1bus Yes most likely + BTC + older L1s

@ceterispar1bus What do you think they’re relatively overweight in their portfolios? sol & eth?

If there’s one thing I’ve learned from equities, crowded trades are the best ones

@astekz Lmao

NEAR should have gave me 100k a month for the amount of work I put into that chart back in the day

@MuddyRC Insane trade

Position fully closed now I still think hyperliquid:native can keep running toward $100 But I’m trying to get better at selling and taking profit Missing the rest of the move to $100 is something I can live with Watching this position roundtrip back to $20 is not Taking profit is a skill that most of us probably need to work on

@maxmaximalism Ya, not what I had in mind when buying lol

@andyyy maybe a hot take but: good homes should not appreciate dramatically, they should mostly hold value relative to inflation

Buying a house in 2022 was far worse of a financial decision and much more of a headache than simply buying the S&P500. Insanity man

@rektdiomedes Yeah I wish I just did QQQ and chill lmao

@andyyy 100% dude. I bought one then (or 2023) but purposefully only put 3% down could so keep rest in $QQQ. Its sad but we've created a situation where just longing stonk indices outperforms homes, investment real estate, even small biz like gas stations or convenience stores or etc.

@WordJizz Fat crib in Florida is dope but fml

@andyyy Not when your raising your kids somewhere beautiful

@0xCryptoSam They are bidding it but tokenomics still has some upwards battle to do w HIGH FDV //LOW FLOAT

What's more interesting than GRASS's revenue figure is why the market is not bidding the token. GRASS is a case study in "The Plight of the Mature DePIN" - they launched a token to bootstrap their business and now they don't want to deal with the tokenholders (who rightfully deserve more for giving their data away). Without enough secondary buyers, the token faces endless sell pressure from farmers who no longer see a venture-scale return. Endless dumping. It's even worse now that the protocol offers USDC payouts - they're telling you they don't want to cater to this token anymore. GRASS has 2 options now: 1) Abandon the token 2) Provide sufficient buybacks ($350k over nearly 2 years is not enough for an 8-fig ARR business) It's a pretty shitty tradeoff for Grass Foundation, but they made their bed when they launched a token and subsequently ignored it. You can't take back a token launch. For now, let's not pretend this is anything more than a glorified memecoin. Happy to be invalidated if the team announces a more robust buyback program.

I love this account lmao

@econoar Gm Éric

"Hyperliquid is a single app chain". Well, no, it's not That narrative is dead. HL is a full general-purpose L1 powered by HyperBFT Architecture is split: HyperCore handles the native perp/spot engine, while HyperEVM runs permissionless apps It's a finance hub, not a silo

@CookerFlips 69420

Bless

Are we dreaming big enough? Looking at this list of mostly dogshit coins, I think $HYPE should at a minimum overtake $SOL before this bull run is over.