🥒 How to Position for the PumpFun Ecosystem Rotation:

Before we get into today’s newsletter…

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GM to all forever optimistic bulls.

The smell of green dildos is in the air. In fact, they are literally flying around at the moment.

Bitcoin is currently doing better than expected. Consolidating and holding strong above the $116k level is, in my opinion, quite bullish. The way things are posturing right now, I think trader Nik’s nickname for Aristocratic August will fit perfectly, along with his outlook.

On top of BTC behaving very chad-like, we’ve got ETH, which is even more interesting and stronger. ETH is currently the main beneficiary of the continually weakening Bitcoin dominance.

Looking at ETH/BTC, it speaks for itself here. Combine that with ETH inflows picking up steam, Coinbase premium climbing nicely, the fact that ETH is about to test the $4,000 resistance for the fourth time, another ETH treasury company announcing $5 billion raise, and just like that, you’ve cooked a perfect dose of Hopium.

Let’s not completely overlook Solana, even though it’s been sitting in the cuck chair lately. Once again, the SOL/ETH chart looks abysmal, but SOL/BTC looks promising for a possible phase of overperformance. I found the highlighted levels on this chart helpful.

Lastly, for the bears: if there’s a slowdown either here or around all-time highs again (for both BTC and ETH), it’s possible to see another week or two of chop, retesting the recent lows. But, as long as BTC floats above $113k, and especially as long as $110k is held on longer timeframes, it’s tough to paint any real, bearish scenarios.

Higher (eventually).

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The important bits.

• Fuel Network explains CLOBs VS AMMs, read here

• Stargate Finance released July Treasury Report, read here

• Jumper partnered with Dflow Protocol, read here

• INFINIT released IN staking, stake your IN here

• PreStocks are now live on Solana, join and trade pre-IPOs here

• Shadow Exchange made emissions liquid with SHADOW, read here

• Sophon publishes new documentary video from Alps offsite, watch here

• Fuel Network’s DEX Microchain featured on Stateless Podcast, listen here

• Nillion covered in new blocmates research article, read here

• Euphoria plans to be the Robinhood for crypto, here’s how

• Kinetiq is nearing a $1 billion TVL, stats here

• Backpack reached $500m+ lending supply, full chart here

• Heaven launchpad capped the public sale at $77k per wallet, read here

• Curve Finance inflation will fall by 5% next week, read here

• Chainlink launches Chainlink Reserve funded with LINK, read here

Even more important bits.

• El Salvador plans to launch the world’s first Bitcoin bank

• Ethereum Foundation will match up to $500K in donations for Storm's legal aid

• Trump officially signs executive order opening the $12.5T 401(k) retirement market to crypto

• OpenAI has released ChatGPT-5

• Coinbase is teasing MIM announcements

• Vitalik Buterin says Ethereum treasury companies broaden ETH access to wider investors

Charts and stats of the day.

• Canada's biggest monthly job loss since Jan 2022

• RWA sector sees parabolic growth

• 63% S&P 500 companies have beaten earnings expectations by the highest percentage in 4 years

• Massive whale addresses accumulated $300m worth of ETH

Telemetry data of the day.

It’s PumpFun time again.

• Trending PumpFun, last 24H:

If you want to access more of this type of data and trade freshly graduated tokens on PumpFun of Bonk, visit Telemetry here (it`s free).

PumpFun time (again).

The Jew Mode is truly on this time. We went over the PumpFun comeback a couple of times already, but now, the game’s on.

Yesterday evening, PumpFun announced the so-called “Glassfull Foundation”. What it means is that Pump will directly inject liquidity into the best, most decentralized, organic memecoins of their ecosystem.

So far, they deployed liquidity into 10 tokens (value chart here): Tokabu, House, USDUC, NEET, MASK, Salary, Trencher, Dolo, BLOB, and Incel.

Now, below here, you can see the list of coins presented in a new PumpFun banner published a few days ago. These are the next targets and likely where most trading will concentrate.

My bet, you ask? Check the chart of the day below.

MICHI (3D)

Michi is very interesting at this point. It’s the closest to the bottom of all the PumpFun coins mentioned.

The first target is the previous support box, but the path to get up there is already a 300% gain.

Moreover, MICHI has a market cap of only $17 million, but it is gaining holders (already over 40,000) and has an extremely good holder distribution. On top of that, multiple seven-figure whales are quietly accumulating it right now.

Not financial advice!

To save you doom scrolling.

Some wise words from Chief Grant here, recommended read!

As we had off into the weekend, it might be worth mentally preparing for typical weekend fake-outs or, at best, logging off and coming back on Monday.

If you combine all the factors we discussed since the beginning of the week, it’s clear as day that the odds favor the bulls. The only question, as always, is timing.

But if we have the patience and are positioned well, then it shouldn't be a problem to stomach a little downside or another period of chop, should it?

Good luck to all and see you Monday.

stay safe homies,

Hix0n 🫡