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lyxe
07-25 10:48
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You're wrong in many ways.
I'm fully committed, and in fact, I've never been this committed in the crypto space before. Normally, I just trade with the trend, using nothing outside of crypto.
In this cycle, my network and influence are ten times greater than in the last, and I'm going to use all the resources I have to succeed as much as possible. People severely underestimate network effects, which manifest over time.
I haven't won yet, and if I had, I would have been out by 2025. I'm still here because I genuinely believe I can have a positive impact here, and I'm very confident I can create something that allows people to make a lot of money in this cycle and has long-term viability.
But besides me, there's an entire community on CT waiting for something that everyone truly believes in. Crypto is attractive to ordinary people because it's the only place where $100 can become $1 million, and that only happens in the crypto space. We've seen similar cyclical crashes in coins like Dogecoin, Pepefrog, Bonk, and WIF. If the cycle bottom has arrived, a new on-chain crash will occur, creating a new batch of millionaires. $ANSEM will become the hottest coin on CT, and there are indeed billions of dollars waiting off-exchange, ready to bid for mainstream coins and their derivatives, believing the bottom will arrive in the fourth quarter. Experienced investors know that the best way to attract attention to cryptocurrencies is to create new wealth, which is why some on-chain coins always experience parabolic surges at the beginning of a cycle.
I like to hold the opposite view because it often means the best risk/reward ratio, allowing for asymmetric gains. Now I have another reason to prove them wrong, just as I did in 2021 and 2023.
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borovik
07-24 03:24
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There was a time when memecoin market capitalization would surge for months on end, reaching billions of dollars.
Pepe in 2023 sparked a memecoin craze on Ethereum (ETH), followed by Bonk's success on Solana.
At that time, almost everyone migrated to Solana.
Now, we're back on Ethereum's secondary exchange (Robinhood).
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Whale Insider
07-22 03:35
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Breaking news: The $EGG memecoin community sent 40% of its token supply to Bonk Guy after he gained attention with an Instagram post that garnered over 60 million views.
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吴说区块链
07-19 10:16
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According to Wu, on-chain analyst Yu Jin monitored that the address involved in the BONK treasury governance incident transferred another 400 billion BONK to Coinbase approximately 5 hours ago, worth about $1.11 million. This address had previously transferred 4.426 trillion BONK from the BONK treasury through a governance proposal. Currently, a total of 2.426 trillion BONK, worth approximately $7.88 million, has been transferred to centralized exchanges such as Coinbase and Binance. According to Yu Jin's statistics, since the relevant treasury token transfers began, the price of BONK has fallen by 41% in approximately 12 days.
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DEGEN NEWS
07-19 04:28
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Breaking news: The price of Solana-based MemeCoin $BONK has fallen by nearly 40% since the BonkDao governance attack on July 6, which resulted in the theft of $20 million worth of tokens.
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吴说区块链
07-18 08:32
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According to on-chain analyst Yu Jin, the address that previously received 4.426 trillion BONK from the Bonk treasury through a governance proposal, worth approximately $21.2 million at the time, transferred another 400 billion BONK to Coinbase today, worth approximately $1.28 million. Yesterday, this address transferred 1.186 trillion BONK to Binance, worth approximately $4.11 million. Currently, it has cumulatively transferred 1.626 trillion BONK to CEXs, worth approximately $5.58 million. In the 11 days since receiving the treasury funds, the price of BONK has fallen from approximately $0.0000047 to $0.000003, a drop of approximately 36%.
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阿布说币
07-18 08:24
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Is Bonk finished?
Bonk has fallen 93% from its all-time high.
- Bonkfun and BonkBot revenue collapsed.
- Until recently, unlocked amounts exceeded buyback amounts.
- BonkDAO was attacked.
- Liquidity continues to flow to newer meme coins.
- Overall market sentiment is bearish.
So, is BONK dying here?
It's Solana's only OG meme coin, keeping the ecosystem alive while many others gave up.
The community is still here, and if SOL rebounds, BONK could very well be one of the biggest winners.
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阿布说币
07-17 13:19
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Is Bonk finished?
Bonk has fallen 93% from its all-time high.
- Bonkfun and BonkBot revenue collapsed.
- Until recently, unlocked amounts exceeded buyback amounts.
- BonkDAO was attacked.
- Liquidity continues to flow to newer meme coins.
- Overall market sentiment is bearish.
So, is BONK dying here?
It's Solana's only OG meme coin, keeping the ecosystem alive while many others gave up.
The community is still here, and if SOL rebounds, BONK could very well be one of the biggest winners.
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Ed_x區塊日記🇭🇰
07-16 06:31
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Let me add a couple of points.
I think the widespread dissatisfaction with Base stems from your selective support for on-chain projects. After all, no one can predict which projects will succeed and which will fail, so it's not as simple as objectively judging which projects will generate positive returns beforehand.
For example, Base heavily promoted Creator Coin, even directly purchasing Balaji's tokens, but its support for Meme Coins was minimal, especially those with huge on-chain trading volumes that could have benefited from exchange listings. However, the price charts of Creator Coin and Meme Coin ultimately overlapped almost completely, with most Creator Coins performing far worse than some of the largest Meme Coins on Base. Personally, I believe their failures and potential future directions are unique, but that's another topic.
In my view, there are two different ways to value crypto assets: one is based on the fundamentals of the underlying business, and the other is based on the more intangible value determined by the network's user community. Attention/Momentum/Belief, etc.
Hyperliquid is an excellent company; it generates real revenue, and its value stems partly from this revenue. However, its premium also comes from users' collective belief in the network and its future vision.
On the other hand, Bitcoin itself generates no revenue, yet it is the largest crypto asset by market capitalization because it is entirely based on users' collective belief that its value storage capacity is superior to that of constantly depreciating fiat currencies, and the network's scale is so massive that it has become a self-fulfilling prophecy.
Ethereum lies in between. It does generate real revenue, but if its value were assessed solely based on this revenue, like tech stocks, its trading price would plummet by 95%. Ethereum also possesses intangible value determined by the cypherpunk community that constitutes the network's core stakeholders. They believe its value as an asset far exceeds conclusions drawn solely from price-to-earnings ratios.
Tokenization, stablecoins, perpetual coins, and prediction markets are by far the most successful examples in the cryptocurrency space, especially tokenization. Its success stems from being one of the few methods that accurately measures intangible value such as culture and attention.
Many companies in the cryptocurrency space are downplaying meme coins, but I think what many fail to realize is that the intangible value of Bitcoin and Ethereum becoming the number one and number one cryptocurrencies by market capitalization is also the intangible value that attracts retail speculators to meme coins. Dogecoin, with a market capitalization of $11 billion and outperforming most other cryptocurrencies over the past decade, derives its value entirely from the internet natives' perception of the value of internet culture and memes.
Do I think it's important to enhance and support protocols in areas like DeFi/RWA/consumer? Yes, but it's equally important to understand where users' interests lie in transactions. The best analogy I can think of is that if you're a mayor and your citizens want to go to nightclubs, casinos, or bars, you wouldn't ban those activities just to allow people to develop businesses like banks, restaurants, convenience stores, and bookstores. —For an L1 blockchain to thrive, it needs a diverse ecosystem encompassing all sectors. Data clearly shows that on-chain transaction volume has a direct positive impact on native blockchains, whether it's increasing blockchain visibility, increasing transaction fee revenue, or increasing revenue for underlying infrastructure providers. Or it attracts new developers to create new products—the best example being how Bonk revitalized Solana during its downturn and became a key reason for the return of on-chain transaction activity, as well as a major factor in the initial sell-out of Solana phones.
All L1 and L2 are social networks with their own ecosystems and cultures, while with permissionless networks, you have no control over the content people build or trade.