It’s time to believe in something | Prev. Legal Counsel @ United Agents, YMU, ABC | pashipas.substack.com/ Hyperliquid.
England, United Kingdom
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Pashi retweeted
Bitcoin ETF flows are NOT a leading indicator.
I’ve said this for a long time, but now we finally have enough data to see it clearly.
Look at BlackRock’s IBIT:
🟢 Huge cluster of inflows at the cycle TOP
🔴 Huge cluster of outflows at the cycle BOTTOM
That’s not forecasting price, that’s reacting to price.
I think of ETF flows more like a tradfi Fear & Greed Index. They tell you how mainstream investors are feeling right now, not so much where Bitcoin is going next.
So when you see people on here getting excited because ETF inflows are surging and using that as evidence BTC must go higher...
Remember this chart.
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Pashi retweeted
The core problem with TGEs is that the market is structurally built to FOMO projects into launching at fake, unsustainable, high valuations.
Look at
- Every polymarket FDV market
- OTC point trading nonsense
- Premarket perps
- Institutional farms
- Comparisons vs other projects
- Investors
- Teams wanting to cash out
- Teams waiting for bull markets
- Bad tokenomics
And the emergent behavior that directly follows.
It all pressures projects into making the horrible decision to make TGE their biggest moment, blow the load, and then slowly bleed out from there.
If you're launching a token--and actually trying to build something to stand the test of time--go into your TGE with eyes wide open knowing that the emergent market will pressure you into short term behavior. This is going to sound silly to anyone outside of crypto, but I'm here to tell you that you are indeed not a scammer if you launch below a 1B FDV.
You will feel the pressure. Listen to it. If you have to, ignore it. Be honest. Setup good incentives for yourself, the community, and the project. Every project is so different, but if possible, launch your token sooner than later, and get back to building.
Nothing great is created in a day or in a year, but over a lifetime.
The token is the beginning, not the end.
Backpacks chart is a prime example of why we should get back to the low fdv style launches instead of being 10 private rounds deep and launching a token as exit liquiding at a valuation of a bazillion
ETHs ICO was at $0.31 (!!!)
Even while it is not the best blockchain, it is still up there as one of the top tokens, because of the wealth effects and the culty following
When your users print for believing in you, you build the most unbreakable core group of users one could ever wish for
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If big sellers start selling big the price will go down
Riveting stuff
KoolKrypto reveals Zcash is a ticking time bomb and billionaires hold the trigger.
"The market is treating this like a fundamental tech play, but I am looking at pure momentum."
"High net worth players are stacking it, which is driving up the price. But it is a prisoner's dilemma."
"As long as nobody sells, it goes up. But the second a major player decides to exit, there is zero baseline support to stop the crash."
"I think it is an interesting trade, but you have to accept that it has zero ceiling and zero floor."
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Pashi retweeted
We published a NAV analysis of @Solomon_labs in our June Ownership Coin Monthly Report. At the time, the market was losing patience as the team focused on building core infrastructure, regulatory positioning, audits and more.
solana:SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta was trading at a ~15–20% discount to NAV with spot around $0.60. Today, it trades above $1.00 and at a ~50% premium to NAV as the market reprices @solomon_labs’ execution and growing adoption of USDv.
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Crypto mooning as Trump's chances and approval fall to new lows
We never needed a crypto president, especially not one that rugs the community over and over again
What we need is scammers going to jail while builders are allowed to build
Everything else we can do ourselves
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It was indeed the generational bottom
I can't believe it but I bought solana:So11111111111111111111111111111111111111112 for the first time in nearly two years.
I think it has bottomed.
Chart
- Weekly bullish divergence (RSI and OBV).
- Swept the bottom of the wick from February 2026 and then closed above.
- Retested just above the top of wick from May 2021.
- Everyone on CT was calling for $40-$50 and the market rarely gives people what they want.
Fundamentals
- Onchain activity on Solana picking up again.
- Solana spot volumes including for tokenised stocks has been strong and competitive against leading DEXs and CEXs.
- Potentially competitive perps and trading apps going live in next few weeks (Bulk, JTX routing via Phoenix).
- I'm confident the upcoming proposals to double the disinflation rate and increase SOL burn will finally pass. Inflation has been a problem for SOL for a long time and one of the big reasons why I refused to hold it after 2024. I feel more optimistic now.
$HYPE and $ZEC are still a vast majority of my portfolio but I want SOL again. I've maintained through the bear (I have receipts) that the wider Solana ecosystem is still thriving and SOL will rise from the dead again. This time I'm confident memes will not be the entire reason.
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the traders on @legendtrade right now are electric
we have @PashiPas who ran 25k last month to 500k+ on <10M of volume
@quantgz running 15k to 215k in the last 48 hours
@btlrtrades aping 500k into fartcoin
app.legend.trade/users/abbot… a random trader running it from 100k
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What the fuck 😭😂😭😂😭😂
This is why I only closed a little position
Ate well with this ZEC trade on @BounceTech.
Leaving my other bigger spot and perps positions open for now. It scares me how much this godly asset can keep pumping. Need to lock in some profit though.
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Ate well with this ZEC trade on @BounceTech.
Leaving my other bigger spot and perps positions open for now. It scares me how much this godly asset can keep pumping. Need to lock in some profit though.
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Pashi retweeted
Hyperliquid is coming to the US for the first time, via Payward.
By deploying HIP-3* markets through Bitnomial, its CFTC-regulated exchange and clearinghouse, Kraken's parent gives Hyperliquid a path to become infra for 6.6M accounts and $103B in monthly volume.
Hyperliquid
Payward 🤝 @HyperliquidX
We're building permissioned Hyperliquid HIP-3* markets for US clients.
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