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- 😹Memecoin Supercyle! It's 2021 All Over Again.
😹Memecoin Supercyle! It's 2021 All Over Again.
PLUS let's farm triple rewards and airdrops on Mantle!
🗞 Market commentary.
GM cats.
What a Monday it was! Roaring Kitty came back with an onslaught of tweets, Gamestop pumped around 100%, and the GME short sellers lost $1 billion just in the first hour of trading. We’ve got David Portnoy aping millions of dollars into meme stocks, Andrew Tate shouting from the rooftops about fighting the Matrix by liquidating the short sellers, and PEPE breaking ATHs as we speak. Smells like 2021 spirit.
All we need now is to survive this week and for Bitcoin to stay above the critical level of $59,000 Biden dollars. The hurdles we need to overcome are the US PPI release today and the CPI tomorrow. An important point to make here is that after a while, there’s a chance of CPI not coming in hot for a change, which could send markets higher.
📊 Luke’s Chart of the Day
Mog/WETH 1D Uniswap Log Chart
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Now that memes with name recognition are catching a bid, MOG looks to be in a good place. It has been consolidating since mid-March, and the Mog army meme game is still as relentless as ever on CT. Cult-level conviction.
We just printed a W bottom (orange circle), and a similar one led to a 3x runup in October ‘23. Whether we break out to new highs here or consolidation runs into the Summer remains to be seen, but I think the local lows are likely to be in.
NFA as per usual, please always do your own research.
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!
🔥 Degen corner.
Mantle is Calling
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You might have noticed multiple updates on Mantle rewards season inside the blocmates Buffet. Let’s take a closer look at what’s happening in this rapidly growing L2 ecosystem and how to leverage it to our advantage.
Besides the ongoing mETH holder advantages which actively yield you daily Eigen Layer points, check out this triple yield combo:
IntentX Ascension Campaign (INTX Airdrop + Ethena Sats + MNT rewards)
This is a two-piece and soda-style reward game that can be easily leveraged to score the long-awaited IntentX airdrop (leading intent-based perp. DEX).
IntentX offers 262 pairs to trade, so we can easily deposit USDe and earn 20x Ethena Sats on each USDe deposited. We can also use this to trade and get 50% fee rebates in the form of MNT tokens.
Since you can find basically all the needed pairs to trade here on IntentX, it’s convenient to swap from a CEX completely and earn INTX airdrop points on top of all of the above.
Lastly, don’t forget to join the Galxe Mantle Ascension campaign!
👀 DeFi insights.
The important bits.
Victoria VR (MMORPG Virtual Reality) - Early access and adventure quests begin today - read
Skillful AI (AI) - Community raise round started - read
Vertex (DEX) - Partners with Botanix and plans to come to Bitcoin - read
Fenix (DeFi) - pxETH pools are yielding 765% APY - read
Tari (L1) - Proof of Work mining will start on day 1 - read
GuildFi (Gaming) - Announces Bybit special event ZENT rewards - read
Core DAO (BTC DeFi) - Partners with Alchemy Pay - read
📰 DeFi news.
Even more important bits.
USDT dominance is looking to break down - read
Crypto Game World PvP Goes Live on Coinbase’s L2 Base - read
Metaplanet released a white paper on their Bitcoin corporate treasury strategy - read
Bahrain-based Crypto Exchange Rain Suffers $15 Million Exploit - read
Biden Orders China-Linked Crypto Miners to Cease Operations in Wyoming - read
US CPI on May 15th, expected increase 0.3% - read
Hayden: “Biden miscalculated, Republicans are turning pro-crypto” - read
Degen L3 experienced a 500K block reorg (chain still down) - read
Digital asset investment products saw inflows after 5 five weeks - read
BTC Mining difficulty fell 6%, biggest decline since December 2022 - read
🫠 ICYMI.
Life gets busy so here’s what you’ve missed.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/c025d9a3-e7b1-4383-ac6e-5cca7073bd1e/5e445b5c-cc65-4160-94c5-fc553789d005_3334x1875.png?t=1719312314)
Core DAO: How-To Guide
Research
Let’s kick the week off strong with Core DAO and Core Chain where some pretty special opportunities are being thrown up at the minute.
It seems like the market is blind to a budding ecosystem, so it's best to place your chips before the herd.
🐥 Tweet of the day.
To save you doom scrolling.
Donald Trump, save me Donald Trump…
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/c76e208a-e204-46e1-8e6c-950384e32939/19703979-4cca-494c-a6f2-da942903d957_644x833.jpg?t=1719312315)
🦍 And finally…
Dog days are over! Did Roaring Kitty just put a nail in the coffin of all 2021 dog coins? I would personally not mind at all.
My cat coin picks, you might ask? Brother and sisters, the Doge and Shiba of this bull run is Popcat and Mog Coin, simple as… Just my opinion, not financial advice!
If you haven’t already… hit the subscribe button and get the coolest welcome email in crypto!
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