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how big stock memecoins can get :
To understand stock memes and the potential impact, we need to go back to the creation of the etf industry. Before the SPY trust was created, it was very expensive for American people to get diversified exposure to the American stock market. Vanguard and other companies made it more affordable, accessible and chip. That created net new flows into the American economy that some people estimate are responsible for 35% of the stock market size today (35 trillion dollar).
Tokenized stocks and stock memecoins do the same thing today: tokenized stocks open the American stock market to the rest of the world, and stock memecoins create a new reason for buyers to interact with the stock; it's an instrument that gains value from the meme and from the stock and reflexively drives each other to contribute to each other reflexively. I deeply believe that every public company in the world will have a stock memecoin community that coexist and contributes to its growth. From a systematic point of view this assets drive new flows to (but not limited to )stocks that otherwise didn't get much retail flows - so it actually creates the same systematic change that etf were creating, but with more stocks and with more people.
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since the creation of btc , the most successful usecases in crypto were a crypto native way to disrupt something in the real world. ico-ipo, nft- art , defi- finance ,btc- gold . on chain dats and tokenized stocks are the biggest disruption of all , connecting the stock market with the internet, in more ways then one.
my take on tokenized stocks has completely flipped
i am max bearish on them now and this is coming from someone who is holding a shit load in stock coins at the moment
i think the bull case on tokenized stocks has been way overblown and i think rn the tokenized stock ecosystem is experiencing exponential catalyst decay (as time goes on, so much more has to happen for these coins to go up and they are entirely catalyst driven)
there's also the aspect of each stock being boxed into one coin (NVDA can't have another paired coin without there being a catastrophic pvp with artificial inu, so on and so forth) and that shit gets really boring really fast
also the amount of stocks that are realistically worth pairing to is extremely limited, and whoever is first to run hard takes the forever crown and there is no room for new paired runners to that stock
for the average shitcoin trader, this is extremely boring and memes/crypto native projects/creator based projects/etc (which there can be endless of) are far more interesting
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pretty amazing analysis of tokenized stocks and on chain dats
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
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a like from ceos is just the begining. LONG .
Hello….
Took a position in @AdellRobinhood - Dell CEO seems to have liked one of their tweets
On @longdotxyz we have have had:
HIMS CEO with BONER
PLTR CEO with MONITOR
now DELL CEO with ADELL
Would make it the 3rd CEO to like a LONG coins stock paired memecoin
All did decent numbers, yesterday we had Zuckerberg with Agrippa & musebook
Perhaps things are changing in the stock worlds view on crypto with tokenization moving onchain
Saw @travisbickle0x tweet a screenshot of the like yesterday
Asked for screen recording and got this back
Added to my longfolio
0x05d73a652529f0b1a6dd2b89de26b449ec9f1e18
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best way to think about stock memecoins is as
on chain DATS - treasury vehicle with a vision around the stock that can meaningfully popularize the stock future and create a social movement around it
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United States of $AI
Very important to understand something. the only thing that count is if this treasury assets can impact public companies.
With ai is meaningfully impact $NVDA . You probably think wow that's ambitious. But It's possible if you consider the soft things! Such as help them be more loved and help ai tech to be more loved!
The future of nvidia and America depends of it being united around AI.
The state of ai in the us is splitting the country which makes it weaker.
How ai can help nvidia solve its biggest problem rn?
- The game for nvidia is to help America stay ahead , and trumps biggest challenge is to unite the country around ai. It’s a pr problem.
- The reason why the other half don't love it is because they don't own it. Owning ai is being part of the future of america and not be left behind.
- $AI has a very powerful things : an army of 53k individuals and a liquidity deep enough get leverage exposure to ai for every American person.
- The future of America depends of it being united again, just like after the civil war
- About half of Americans are afraid of ai. If we can get them to own ai they will start to like it.
- Owning ai is owning nvidia and understand that ai is cute.
- Ai makes everybody win. Let America to own ai and win together
-- Not crazy this community will create the biggest wealth distribution of ai and help improve the ai sentiment so the inu will be the biggest ally of trump and Jensen.
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the actual potential of this on chain vision treasury assets is to help public companies realize their full potential in the same way that $MSTR helped btc grow. in the same time the all stock market switching to a completly new investment strategy. from value investing to vision investing. an example can be how robinhood:0x2e8c31162b855a2ffa90f6f8634643ad6f111e18 can help unite america around ai. we are now in a very problematic period where most of the wealth is in the hands of a few , $ai represent the worlds biggest internet treasury community that support ai. thats means a lot to trump and jensen.the community have a political power now !
$ai community have the potential to unite america around AI and make it cool and cute and practicly becoming jensen and trump vehicle for doing what ever they are trying to do - align america and distribute the power of ai . if done well $ai can become both the community and the financial vehicle to unite america about the future of ai . what can a 54k individuals can do when they dedicate their mind to something . each one have a role in this.
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the stock market transition to a new type of vision investing and @BillAckman by double down on hhh which wall st struggle to underrate
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Yoni Ben-Shimon retweeted
last cycle punished people for believing too much
this cycle will punish people for not believing enough
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the 3 most powerful types of coordination technologies (which humanity doesnt know about the working of ) are:
: 1. conspiracy theories - the race to reveal a hidden truth / evil
2. existential risk prevention - the nuclear winter and the insurance industry are examples
3. definite visions that drive extreme commitment from different group of stake holders and create an actionable plan to transition from the present to that future . the apollo program, the Manhattan Project and , mars mission and COVID19 vaccine development are examples for that .
funny enough , token pairing technology is the ultimate technology to coordinate around all 3 !
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robinhood:0x98096d17e191b3da1d5f99a6d7b3584351b11e18 and robinhood:0x385f4f8ae47651ce5f58f5265395a669f8281e18 already drive 2% of the volume of their underline stocks
Yesterday, @RobinhoodCrypto settled over 2% of the volume for DJT, HIMS, and AMC compared to their TradFi exchanges.
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long 500
gLONG some updates:
1. We entered a sprint where we are going to push a bunch of fixes on the webapp over the weekend (faster loads, wallet connection fixes, trading, and generally making the experience on long much smoother)
2. We are also going to push "PVE" feats like ticker locks much further the goal is to make sure an average trader on LONG will never get into a pvp (not just the same ticker but even similar semantics, images etc) this is more like a dynamic proactive approach a cybersecurity team would take your ability to counter threats is mostly a byproduct of how fast you can tweak stuff in an evolving adversarial environment.
3. VERY important I already went on calls with a bunch of teams and am reaching out to more of them. LONG is not a launcher but an incubator our goal is to make sure top pairs and their teams have a clear direction around how to differentiate themselves and build a unique offering (think the YC of RWA pairs where every pair is like a startup that needs to build its own moat) will get to more teams stock by stock.
4. Once we get onto stable ground we will start pushing very aggressively on new feats including more compounding flywheels for AI and other pairs. BUT I do think flywheels (aka meme fi) work the best when dist is getting stronger. This is why I'm spending time getting on pods spreading the msg.
There is still an extremely big pocket of sideline capital within crypto that can be onboarded into LONG.
Hopefully within the next few weeks we can start breaking out of CT native dist and start onboarding completely net new flows this is the main way I think about "PVE" making the pie bigger and it has been our north star since day 1 (the thesis is that stock pairs are a new form factor that can break out of CT)
This will be the 1-1000 moment for LONG.
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Yoni Ben-Shimon retweeted
I think the discourse on AI & @longdotxyz has focused too much on the liquidity angle lately (which was for sure underdiscussed prior to that) and not enough on the reflexivity and how long coins are the purest form of belief assets and a natural continuation of what has been, versus an echo of past games.
reflexivity is key and for AI the reflexivity is enforced in the asset itself: higher price, more volume, more NVDA locked, more influence, more liquidity, more volume etc...
what we'll see happen imo:
1. The number of AI holders onchain continues outpacing the number of NVDA holders onchain
2. Stocks voting will come out --> AI holders realize that they need to act as a shareholder to strenghten their influence --> shareholder participation goes up --> importance of AI holders in the NVDA economy goes up --> more interest for AI --> flywheel
3. Reflexivity will cause explosive upward price movement when a certain threshold is reached, reinforcing the belief and becoming a self-fulfilling prophecy
imo AI & the long eco have already passed the threshold where reflexivity starts to kick in. you can see that from diverse stats on holding behavior & attention @0xkioto and @ArtofConviction have been putting together
now it's a matter of being patient as catalysts come out (stock tokens voting, us release, more CEO interacting with long coins, cycle continuation) and not get shaken out
cuz if you believe in the above, then you should know that these coins have no ceiling, and 2024 was a test pump
gme & spx6900 ran so ai can fly
s/o @YoniCombinator whose been talking a lot about these mechanics
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today marks the end of an era in the stock market (the value investing era ) and the beginning of a new era of companies with shared belief ,vision and values and a community helping to carry it out . the public companies that will understand that first will lead the future.
Warren Buffett is stepping down as chairman of Berkshire Hathaway $BRK.B, effective immediately - CNBC
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we can help stocks creating the global fanatic aligned communities that they never had.
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