2020 - institutions were told crypto would change the world. VCs put $33B into crypto, more than all prior years combined. the money went into seed and private rounds. prices fell and the funds were left holding the bag. 2024 - spot BTC ETF went live in january and pulled in $56B of net inflows by march 2026. institutional money went to BTC and AI. the rest of crypto saw little of it. 2026 - crypto is replacing traditional finance from the bottom up. institutions are still dismissing it. they got burnt last cycle and are slow to return. this leaves opportunity in liquid markets for those still active. memes were fun, but institutions were never going to bid them. coins that are looking to replace traditional finance will receive the bid. revenue and users give a fund something to model. you have a chance to front run the institutional bid.

100 launches on orbio. 56 connected the mcp. each token earns its own AI balance from its trading. 400+ models, plus tools for x, instagram, tiktok, web search, scraping, onchain reads. the agent spends it directly, no card, no human in the loop. sdk, mcp, plugin and api docs are live. we believe an agent that cannot pay for itself is just a demo.

Last cycle's biggest memes all looked dead at two months old. By day 60, PEPE, WIF, BONK, FARTCOIN and the rest had each already come back from two or three drawdowns of 50% or more. Today's leaders on Robinhood Chain and Solana are on the same track. Look at the blue box in the bottom left. The dashed orange icons are last cycle's winners at two months old, the blue ones are today's leaders. They sit right alongside each other. What came next is the part most people seem to forget during these drawdowns. From day 60 to their top, the winners grew a median of 15.9x, and they had a median of 4 more drawdowns along the way. Every single one went through at least one more 50% drop before it topped and nobody got the 15.9x without sitting through the drops. Worth mentioning: This only includes coins that went on to win, so it's what winning looked like, not how often it happens. We'll be tracking these leaders daily.

Orbio has been out for 4 weeks and has 1/4th the metrics of base:0xacfe6019ed1a7dc6f7b508c02d1b04ec88cc21bf You have zero agentic launchpad yet (10x the numbers type of event), Orbio build week 5-10x again. By this time next month the metrics on token usage will favour robinhood:0xaa07a0e9209e16ac99708c3ec70159c6ef3128a3

New primitive

Thoughts... The more the stretch between stocks and tokens (crypto) diminishes, the more I think crypto as a whole is going to reprice higher.... Why do you think car dealerships cluster? Feels counterintuitive right? Why would you voluntarily sit next to ten people selling a substitute for exactly what you sell? Proximity..... It changes the economics of the whole place....Once all the dealerships are sitting next to each other, people looking for a car naturally go to that street, comparison becomes almost frictionless and the concentration itself starts pulling in more demand. I think a much more extreme version of this happens when stocks and tokens start living on the same rails, because proximity here does more than make comparison and swapping frictionless.....it creates entirely new financial relationships between them. A stock sitting over here and a token sitting over there give you two assets, but put them inside the same programmable market and suddenly you get a pair or a spread or a collateral relationship.... just a bunch of weird shit nobody could have designed beforehand because it only becomes possible once both things are sitting next to each other. As more of the financial world starts connecting this way, crypto gets its plug-and-play moment with the much larger financial universe.....which is when I think we get a savage repricing, with the profit-printing protocols probably benefiting the most.

Seeing a lot of very young ppl with high unrealized gains, quick thought If you make $500K on a memecoin or whatever here and you're 20 years old, walk away It'll be super tempting to try and flip that into $5 million and make crypto into your career and life's purpose, but you've already won You have time and compound interest on your side. If you put that $500K into the most boring boomer stocks and live your life as if crypto didn't exist then: When you turn 27 your account will be $1 million, when you're 34, $2 million (top-1% of all households) You'll have bankable skills, good friends, less stress At 34 you'll still be super young and your friends'll be like "how the hell are you so rich?" You'll say you bought a dumb memecoin 14 years ago and instead of gambling more, you listened to Untamed Adam's advice and took the generational win

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.

Does long have a coin?