As of today I officially own zero ETH. Feels amazing and I am unburdened. Nothing has changed in the last few months, except the fact that tom Lee has allowed bagholders a once in a lifetime opportunity to exit at effectively ATH. I wish you good fortune in the wars to come.

Pretty wild how @longdotxyz has been one of the main catalysts for bringing tokenized stocks onto @RobinhoodApp Chain, with every $1 of stock that buyers paid into Long pools followed by ~$1.90 of new minting of that same stock within three days and ~$2.80 within a week That holds after controlling for each stock, each day's market-wide minting, and the stock's normal DEX volume, and buying into Long pools shows no link to minting in the days before it. Even in raw, uncapped data with AMC and SPY left out, it is still ~$1.40 within three days and ~$2 within a week. Scaled across every stock, the main estimate works out to Long being behind roughly a fifth of the ~$160M of stock minted on the chain since July, while pools on other launchpads like Bankr, PONS, and PAIR show a weaker and less consistent link and have released more stock than they absorbed over the same stretch The clearest examples came from Long's biggest launches, as onchain AMC went from 112,732 shares the day before "A Meme Coin" launched on 09/03 to ~2.9M the day after, HIMS went from 275 shares to ~2,400 in the three days after Boner Coin launched on 08/20 with Long pools absorbing 41% of the new supply, and NVDA supply rose 158% in the week after Artificial Inu launched on 07/14, compared to 35% for the median stock MONITOR took longer to get going, with PLTR supply up 64% in its first week against 87% for the median stock, but it kept climbing. When @JTLonsdale quote-posted MONITOR on 09/23, its value went from ~$1.1M to ~$10M in under two hours, and its pool traded 1.4x all tokenized PLTR in a single hour, while PLTR supply rose ~11% that day to double its pre-launch level as Long pools took in ~1,250 PLTR, and supply was still ~3% above its pre-post level the next day Long isn't the whole story, since Long pools hold only ~$14M of the ~$170M of tokenized stock onchain and the size of the estimate depends on capping a cluster of $2M - 7M mint days, mostly in SPY and AMC, that otherwise swamp it, but the pattern is consistent enough to say the Long memecoin trading is pulling new shares onchain rather than just recycling the ones already there These pairs have also started to attract real social capital, with @vladtenev following "A Meme Coin", @AndrewDudum following "Boner Coin", and @JTLonsdale following + quote-posting MONITOR, all for something that is still relatively nascent The next catalyst could come from Robinhood itself, since @vladtenev says 1:1 in-kind redemption and voting are coming to Robinhood Stock Tokens, which would give holders a reason to keep shares onchain rather than just trade them /board_sit

LONG.

this is going to 10x quickly

hood morning day 1 of posting $TENDIES until one tendie is worth more than an actual chicken tendie

FOMO is an interesting psychological experiment because you can actually pinpoint down to a timestamp on a chart when someone has officially lost their mind.

Taking a 40mg time release Adderall at 9pm to stay up and check the 1 second chart on a coin you have no intention of selling until it hits 100s of millions

All systems L()NG

Tokenized equities are a one way road.

Monitoring the Tendies situation.

tend it

Tendies is a true CTO. Holders created a marketing agency (@Tendieprodxn, being hired by the majority of your bags) a video game (tendie chomp) A website (with a tendie locator and memes) There is no shadow cabal with supply control looking to rape you. There IS 20 thousand holders who are not selling.

This is cool. Right now I’m very bullish memetic tokens that have deep cultural lore with RH and crazy active communities (tendies) and those that drive mechanistic value accrual to RH chain (monitor). Feels like a barbell here is a good way to get exposure to the full chain. Goal right now is to sit still and not chop myself. Good luck.

I just beamed an image of these tendies-2:native into deep space. It is already 3.5M mi from Earth, paid in $SPCX on Robinhood Chain. proofof.space

if you ever feel stupid, just remember there are ppl paying $379 a year for a michael burry substack subscription that makes them dumber and directs them to make poor financial decisions

Yeo all of my friends are dead but can I come back on the poddycast @0xResearch

I don’t have much in crypto any longer as a % of my port so take this for what it is. I have in previous points in life been full port levered long in crypto, so hopefully this can help someone. I’m sensing a lot of despondency on the timeline for not being in this trade or that one (not mentioning tickers). My advice would be to not go crazy over missed opps in the past. If you do, you will likely lose your money and then your mind (possibly at the same time). If you’re not positioned by the time the 5x move happens, now probably isn’t the time to add it with levered size.

This is an interesting post.