⚡️ $100K BTC or Punishment From the Crypto Gods?

November 25, 2024

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GM to everyone except the absolute human garbage on Pumpfun.

Oh well, I guess that`s what mass adoption looks like. You can be glad if you`re lucky enough to dodge these last few days without noticing the pumpfun mess. Eating your own excrement, shooting goldfish, or tying up a toddler as a hostage unless your coin gets pumped is the new normal. Many call for a total shutdown; nevertheless, a shutdown would simply lead to the creation of many Pumpfun clones instantly.

Of course, the market will take notice, and I wouldn`t be surprised to see a few nasty candles of punishment sometime soon. As for the very home of this degeneracy, Solana is naturally benefiting from it, and we`re seeing record daily volume numbers reaching as high as $100 billion. Madness.

Currently, everything still looks strong while Bitcoin gears up to attack the six-figure territory. The ETFs alone put a massive buy pressure last week, eating up 10x more Bitcoin than there was mined. Also, MicroStrategy has acquired another 55,500 BTC for ~$5.4 billion at ~$97,862 per Bitcoin.

Be prepared, though: bull run corrections will happen as they always have, leverage will get rapidly flushed, and it will look nasty and scary—but that`s exactly what happens during a parabolic bull run.

The outcome? Another higher low, followed by a continuation higher. Survive.

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1. Eth vs. Eth meme beta, spaghetti chart - Mog, Pepe, SPX6900

Today’s chart is telling you that Mog is the alpha Eth beta.

SPX6900 outperformed in the wake of Murad’s Memecoin Supercycle talk, but has just been overtaken again by the cat in pit vipers. The trend is volatile but unrelenting. Very few major cex listings for Mog until recently.

It's just powerful, organic mogging sending us higher. This is my only Eth-related spot allocation. Even so, I think Eth keeps running high timeframe, likely to 7k area by Q1/2 2025, which will add fuel to the Eth meme fire. I’m with Cobie and Donalt over Ansem on this one. 

2. Macro Larp Chart: BTC vs. M2 Global Liquidity

We are looking at a potential new local bottom on global liquidity, which is currently testing the previous highs. Gib support resistance flip! This should be fueled by DXY and the MOVE index both coming down.

The MOVE is already nuking. Send it sub-95 please. DXY looks to be finally rolling over here as well. The current long term view on DXY is that it remains strong under Trump.

Lately BTC has been resilient regardless of dollar strength, and I think we get some relief here, which should help to send us into 6 figure territory.

Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!

Pumpfun sentiment going down, Pumpdotscience up.

Pumpfun actually reaches all-time low sentiment (by far).

The important bits.

  • Superseed (L1) - Releases “TGE cheat sheet”, featuring tokenomics and valuation

  • Term Labs (DeFi) - Speedrun your Term points with Galxe quests

  • Artemis (Solana Rollups, liquidity infrastructure) - Artemis is bringing Blobstream to Solana with the help of Celestia

  • Ethena (DeFi) - USDe to be integrated with DeribitExchange

  • Starknet (L2) - Staking phase 1 starting

  • Chainlink (DeFi) - Announces major banking partnerships

  • Dinero (DeFi) - Announces LST for ZkSync, zkETH

  • Sonic (L1) - Features a trailer for Ansem fight

  • Magic Eden (NFT market) - TGE coming up December 10th

  • Zentry (Gaming) - Releases brand new whitepaper

Even more important bits.

Charts and stats of the day.

  • Tether minted a total of over 15 Billion USDT in November

  • AAVE reached $30B in deposits, which is larger than that of thousands of US banks.

Life gets busy so here’s what you’ve missed.

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The texts from your non-crypto mates will continue to ramp up, and the "where do I start" questions will roll in.

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The TAO Bull Thesis

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Meal Deal subscribers and LARP NFT holders can check out the full report now!

To save you doom scrolling.

The Crypto Gods will punish the markets for this, it`s already kind of happening.


Just before I was about to publish this, we had already seen little bit of the punishment coming into the markets. The Pumpfun degeneracy shall not be tolerated. These people must lose all their money, then we can continue with the bull run.

stay safe homies,

Hix0n 🫡

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