PumpFun's Revenge & ETH As The Most Underowned Asset

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GM, it’s time.

Likely… for more chop, unfortunately. 

Looking at BTC, the $113.6k is still being defended, but it could start breaking any second. So the predicament is, should I try to buy lower, if it goes to $108k?

We’re deep into the later stages of a bull market. This isn’t financial advice, but personally, I believe being underexposed here feels riskier than sitting patiently in high-conviction positions.

Especially if we look at the liquidity movements in the US, it’s obvious the global liquidity cycle is still on its upswing. Moreover, the market is now pricing at minimum two rate cuts in the US, while being 50/50 on a third cut. These factors inevitably provide favorable tailwinds for the forward-looking market.

In the short term, though, we should keep an eye on these S&P 500 levels. If the indices decide it’s time to retest the lower levels, they will take crypto down with them.

But, in the long term, it’s important to realize where we stand in crypto, which is realistically the closest to anything resembling an “altseason” in a very long time. Just peek at this TOTAL2 chart. What happens if it breaks out?

While we talk alts, it’s interesting to see ETH still being a very underowned asset, even after the recent massive run. As always, the herd comes once all-time highs are broken.

Nevertheless, let’s monitor SOL/ETH as well. This one is reaching very oversold levels again, and the mean reversion swings should provide good rotational opportunities, while boosting the Solana onchain.

More on this in today’s Degen corner below.

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The important bits.

• Premia explains Kyan's strategy builder, use it to build automated trading strategies here

• INIFINIT prepares the IN token airdrop, learn more here

• Stargate releases new article on Unlimited Liquidity, read here

• Altitude self-repaying loans are much more favourable than Aave, more info here

• Shadow Exchange is responsible for 69% of all trading volume on Sonic, chart here

• PreStocks releases an interview with Sacra on pre-IPO investing, read here

• GammaSwap reached $20 million TVL, more info here

• Chainlink announces Data Streams for U.S. equities & ETFs—real-time

• Heaven launchpad presale is coming soon, more info here

• GTE exchange announces pivot away from MegaETH, learn more

• Liquid announces Bitget Wallet integration, learn more

Even more important bits.

• Base blockchain briefly halted block production due to a sequencer glitch

• Nasdaq-listed Verb Technology is set to rebrand as TON Strategy Co.

• NCA officer has been jailed for 5.5 years after stealing 50 Bitcoin worth over £4.4M

• User lost $908K in USDC after unknowingly approving a malicious transaction

• CZ says Trump’s new EO opens international banking for crypto

• Publicly traded ‘The Ether Machine’ buys another 10,605 ETH

• White House prepares executive order to fine banks that discriminate against crypto

Charts and stats of the day.

• Charts are showing institutional demand for ETH is “UpOnly”

• Ethereum stablecoin supply growth continues to be parabolic

ether.fi Cash: earn while you spend.

Ether.fi Cash is the real-world spending product we DeFi natives have been waiting for for so long. Finally, we can ditch on/off ramping while still having access to real-world spending, at unbelievable terms.

• Earn 9% on stables, 7% on ETH, 2% on BTC, with HYPE and SOL on the way.

• Spend it directly with no fees on the sale, and earn 2-5% back on every purchase—debit or credit.

• Use borrow mode, which functions like a real-world AAVE account in your pocket. Automatically swipe to borrow up to 70% LTV against your whole portfolio, avoid selling, and pay 4% fixed interest with zero fees on the spend.

• Keep self-custody, earn big yield, and never pay for instant withdrawals or have your money stuck in a CEX again.

Telemetry data of the day.

Since we’re diving into the PumpFun ecosystem in Degen Corner below, let’s focus our Telemetry data in this direction as well:

• Trending PumpFun coins, 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 II: Revenge of the jews.

Even though PumpFun’s revenue is still sliding lower, I feel like Alon and the rest of the team have some tricks up their sleeves, ready to be used.

Looking at the PUMP chart, the market is seemingly sniffing out the same thing, trying to break out from the rounded bottom pattern.
Yesterday, PumpFun announced a new dashboard to track buybacks, confirming that 100% of the platform revenue goes into PUMP buybacks.

This is great, but I’m more curious about the upcoming tricks, such as this one:

If this announcement benefits flagship PumpFun tokens, which ones should I focus on? Well, to name a few (not financial advice):

• Assdaq

• Neet

• Monke

• Chillhouse

• House

• Trencher

• Fabriq (Trading tools)

• Aqua (MegaETH liquidity engine)

• Aegis (Bitcoin backed stablecoins)

• LazAI (Web3 native AI)

• Black Forest Labs (AI)

To save you doom scrolling.

HyperEVM is quiet now, but that’s about to change:

BTC is getting smacked below $113.6k as I finish writing this one.

My hope is to use any upcoming dips to accumulate Liquid, the flagship DEX and launchpad on Hyperliquid. At around $17m market cap, I think this one is a steal. This is not financial advice; enjoy, and good luck to all.

stay safe homies,

Hix0n 🫡