캐시캣 유동성 공급 종료 및 후기 오늘 오전에 $100m 이 깨질것처럼 보여 마지막 구간의 ($120m~$240m mc) 유동성을 한참 밑으로 내렸는데, 오후부터 말도 안되는 속도로 다시 올리면서 전체 구간이 가격범위에서 이탈하였고, 이렇게 모든 포지션을 마무리하였음. ---------- 결과 ---------- 기간 : 7/2~7/10 (약 8일) 자산변화 : 16.5 Eth -> 256.09 Eth (1450%) 초기 매수한 토큰 : 약 5.8m CASHCAT (4m~7m mc) if 하나도 안팔고 홀딩했다면 : 약 500 Eth -------------------------- 결과만보면 말도안되는 IL 을 맞았지만, 지금까지 절대 홀딩하지 못했을거고 단일종목 개인기록이라 매우 만족하고 있음. 마지막 1만개는 포모방지용으로 남겨놓았고 혹시나 1B를 가게되면 그때 매도하도록 하겠음. 한동안 로빈후드 메타가 이어질것 같은데 조금 일찍 자리를 떠서 다음번 메타가 무엇이 될지 생각해보는 시간을 가져보겠습니다. 🐈

추석맞이 드레인.. 오픈씨에서 nft 오퍼로 몇개를 팔았는데 weth 가 지갑에 들어오자마자 바로 다른곳으로 전송됐네요. 안뺏길려고 가스비도 10%나 쓰면서 가져가버린. 어제 매직에덴 익스플로잇은 알고 있었는데 콜렉션 approval만 생각했더니 weth도 있었던것. 뒤늦게나마 revoke 했습니다. 매직에덴을 거의 안썼더라도 weth approval이 되어있으면 오픈씨에서 오퍼 수락하자마자 저처럼 털릴수 있으니 꼭 확인하시길요. 그나마 아주 큰 금액은 아니라 다행인데 다시 경각심을 가져야겠네요.

추석엔 오픈씨 모바일 초대코드 나눔 @opensea 이제 넉넉하게 뿌리나봅니다. 어느새 또 3자리 리필됐네요. 시장이 좋아졌으니 오픈씨도 조만간 버튼을 누르지 않을까 생각하면서 공유해봅니다. 그러고보니 한창 오픈씨와 경쟁하던 마켓플레이스는 다 나가리되고 다시 오픈씨만 남았네요. 🤔

펏지펭귄 NFT 구매 @pudgypenguins 예전부터 사려고 간을 보고 있었는데 이제는 정말 살때가 된 것 같아 오늘 매수하였음. 몇년간 펏지펭귄을 지켜본 결과 IP 사업에 더 가까워졌고 web2로 성공적으로 확장하고 있다는게 느껴져서임. 단기 호재로는 다음주 KBW에서의 발표 + 라인프렌즈 콜라보 정도 있을까? 특히 굿즈는 퀄리티가 좋고 반응도 괜찮을 것 같은데 국내에서 바이럴이 될수도 있겠다는 생각이 들었음.

메테오라 사이클 2 클레임 오픈 이번 사이클은 끝나자마자 거의 바로 열렸네요. $met 토큰도 오르고 덱스 거래량이 늘어 리워드도 더 주니 감사할 따름.. 사이클 3 시작한지 이제 이틀째인데 $150 쌓인거 보니 다음달도 기대됩니다.

오잉 우리 solana:METvsvVRapdj9cFLzq4Tr43xK4tAjQfwX76z3n6mWQL 이런 아이 아닌데 머선일이고

코인과세 유예 활동을 위한 기부금 650만원 전달 완료. 2029년까지 유예 2029년에 폐지 행운의 777 이라는 느낌으로 보내려고 했으나 수수료 $1 까먹어서 걍 돈 여러번 보낸 청년이 되었습니다. 저도 보내면서 사실 힝 내돈~ 했는데 코인 투자자들의 마음을 대신 담아 전한다고 생각하며 보냈습니다. 코인 투자자를 위해 직접 뛰며 행동하는 사람을 위해 힘을 보태줍시다.

I think it’s finally time to write my long-standing thesis on $MET. This article will serve as a pillar of my beliefs for years to come. And I genuinely believe that anyone who has used @MeteoraAG for 300+ hours will come away with many of the EXACT same opinions as me, or at least very similar ones. BY THE WAY — I’ve been writing this article for a week now. I swear I’m not bandwagoning all the other posts hahaha. Anyways. Let’s start with my journey. - How I Found Meteora Let’s rewind to around June 2024. Memes had started slowing down after I had run a portfolio up to nearly $70,000 between January and May 2024 — which was a lot of money for me at the time. Within roughly a month, I managed to give back almost half of it. Even though I was still green overall, I felt defeated. I felt like I had lost my edge. Around this time, a friend introduced me to Meteora. Through him, I found @razzaer documenting his 1-100 SOL challenge. I had opened maybe 5-10 liquidity pools before then, but I didn’t truly understand what I was doing. Razzaer showed me something completely different. He showed me that growing a smaller portfolio with exceptional risk management was still possible, even in a market that felt incredibly weak. That was when everything changed. I realized how CRAZY it was that I could take advantage of volume and sideways price movement on memecoins instead of constantly needing to predict the next massive move. I realized how insanely powerful this technology was. I could manage risk. I didn’t need to perfectly time the bottom of a token. I just needed enough understanding to determine a reasonable range where I believed price would trade. I could collect fees from the activity happening inside that range. I could even have a token dump heavily into my position, rebound without ever returning to my original entry price, and still exit profitably. I talk about this concept on stream all the time. When I first understood it, it genuinely felt like I had discovered magic. Instead of constantly being on the other side of the market paying fees and chasing price, I could provide liquidity and earn fees from the order flow coming through my position. Buys. Sells. Sideways price action. Volatility. For the first time, I felt like I had another weapon available to me regardless of what the market was doing. And my small account started growing quickly. There are FAR too many parts of this journey to include in one article. But before moving forward, I need to emphasize something: Learning LPing Is a Skill That Compounds There are rare moments in this market where the risk/reward of liquidity provision becomes absolutely astronomical. TRUMP. STONKFUN. Abnormal launchpad pools. Massive launches. Extreme volume events. There have been moments where my friends and I were able to generate returns approaching 100% on deployed capital within minutes. Some of those are among my favorite memories I have in crypto. During those periods, it genuinely feels like you have a money printer sitting on your desk. Obviously, those opportunities are NOT normal. But that is exactly why learning this skill before those opportunities arrive matters so much. Even if you are struggling with LPing today, understanding the tech could pay you back tenfold when the next abnormal opportunity presents itself. The people learning during the boring periods are the people who are ready when it gets stupid. And that brings me to the bigger point. Because my story is only a tiny example of what Meteora actually is. Meteora Is Bigger Than Memecoin LPing Everything I just described came from one retail trader with a small account. But Meteora is not simply a tool for small traders trying to farm fees on memecoins. At its core, Meteora is market-making infrastructure. It allows capital to be deployed into markets, define where that capital should operate, determine the fees it wants to earn, and dynamically participate in the liquidity layer of onchain assets. The same product that works for someone messing around with 5 SOL can work for 500 SOL. Or 5,000. Or significantly more. That scalability is one of the biggest reasons I am so bullish on what Meteora can become. Retail needs something they can actually use. Whales need capital efficiency. Desks need control. Funds need infrastructure that can handle real size. Projects need a book people can trade against. All of them need the same thing: a place where capital can become liquidity without begging someone for permission. That is what people miss when they write Meteora off as “the memecoin LP app.” Memes were just the first stress test. Thousands of tokens. Insane vol. Constant launches. Different fees. Retail deploying around the clock. If Meteora can handle THAT environment, imagine what happens when cleaner assets and bigger money start showing up. Meteora gives the small guy tools that used to belong to specialists. But it does not ONLY suit the small guy. That’s the distinction. The same things that make it good for retail — customizability, access, capital efficiency, permissionless deployment, control over where your liquidity sits — get MORE valuable as the book gets bigger. Retail LP. Whale. Project running its own market. Professional MM. Fund deploying onchain. The product does not care who you are. It gives you the tools. And I think an enormous amount of money is going to need those tools. The Team Behind It You guys see me with my Meteora badge today. What you might not know is that becoming affiliated with Meteora was genuinely one of my dreams within the first few months of learning the platform. They had given me something that completely changed the trajectory of my trading. At a time when my confidence was low and was lost for a period of time, Meteora gave me another path. Before I ever created this channel or started making video content, I spent roughly a year writing articles on my old account. I wanted people to understand what I had discovered. Today, I am eternally grateful for the love and support Meteora has shown me and my channel. I am thankful every day that I get to wake up, make content around $MET, and keep spreading the knowledge that let me survive and then thrive in this space. After getting to know the people behind it, my conviction has only grown The Meteora team is one of the most driven, focused, and understanding groups of people I have ever encountered. Their laser focus and discipline genuinely inspire me. It reminds me of the obsession you read about from teams inside early technology companies that eventually changed entire industries. AAPL. MSFT. I’ve heard stories of them working way past the workday. Working on vacation. Just building. And on top of operating with integrity — something I value extremely highly — they have built what I believe is the best user experience in crypto liquidity provision. Period. I DARE you to use Meteora for months and then go LP somewhere else for real. It’s literally like going back to stone age. The gap is huge. UI. Customizability. How you structure a position. How much control the LP actually has. The flow going through the pools. The entire experience feels built around actually empowering the person providing the liquidity. Seeing a Meteora DLMM take over as the main book on a major token (Ansem) was a crazyyyy milestone. THIS is what retail liquidity provision is about. Bringing the power of market making out of closed institutions and putting it directly into your pocket and onto your desk. Liquidity Is the Backbone This is where it gets bigger than memes. Liquidity is not just important for memes. Liquidity is the BACKBONE of onchain finance. Markets cannot function without liquidity. You can create millions of tokens, stocks, commodities, currencies, real-world assets, prediction markets, synthetic assets, or entirely new financial instruments. It does not matter. If people cannot efficiently enter and exit those markets, those markets will struggle to survive. Every new asset that moves onchain creates another potential market. Every new market needs liquidity. Every new dollar entering those markets needs somewhere to transact. Someone has to make those markets. Someone has to provide that liquidity. And increasingly, I believe that liquidity will be provided through infrastructure like Meteora. That leads us into the future. The Future Is Onchain I am a perma crypto bull. And I am a perma Solana bull. I simply do not believe this technology is disappearing because of short-term price fluctuations. AI is advancing at an exponential rate. Technology continues accelerating. Digital ownership continues expanding. Financial infrastructure continues moving online. And I believe that, over time, increasingly more value will exist natively on blockchains. One day, I was walking through the field where I go to exercise and clear my mind. I was thinking about all of the assets that still haven't moved onchain. And all of the money that still hasn't entered crypto. I looked around at the horizon and had this overwhelming vision of how much capital currently sits dormant relative to what could eventually enter these systems. Trillions upon trillions of dollars exist throughout traditional financial markets. Stocks. Bonds. Commodities. Currencies. Real estate. Private markets. Entire categories of assets that barely interact with public blockchains today. If even a fraction of global financial activity migrates onchain, the liquidity requirements become enormous. SO many things will be tokenized. SO many assets will become digital. And so much capital will need somewhere to trade. That is where my Meteora thesis becomes extremely simple. Meteora is building the market-making hub for that world. It is positioned in an incredible place because it can serve nearly every category of liquidity provider. The retail trader. The whale. The project. The professional market maker. The fund. The institution. Different participants will deploy different amounts of money and use different strategies. But they all need infrastructure capable of turning capital into usable markets. And Meteora makes that process accessible and customizable. Historically, if you wanted to become a traditional market maker, you needed infrastructure, relationships, capital, technology, access, and often an entire organization behind you. Today? I can open Meteora from my computer. I can choose where I want to provide liquidity. I can determine the range where I want my capital deployed. I can select the fee structure I believe makes sense. I can manage my risk. And I can participate directly in market making. That is insane. With the addition of @sunrise bringing stock assets onchain, I can literally LP STOCKS ON METEORA. Do you understand how absurd that is? I don't have to become an institutional market maker. I don't have to build an entire brokerage operation. I don't have to restrict my thinking to the traditional structure of financial markets. I can interact with these assets directly on Solana. And we are still ridiculously early in this transition. Meteora is helping democratize market making. You may not see the full vision yet. But I implore you to dig deeper and form your own opinion before dismissing what is happening here. Because I believe this is the future. Why My Conviction Keeps Growing The Meteora team GRINDS every day for YOU. For US. For the people actually using the product. I become extremely defensive whenever people casually talk down on them because I don't think many people understand how powerful the tool they have provided us actually is. And you can access it for FREE. On top of that, they have repeatedly rewarded their users. They have listened to power users. They have addressed criticism publicly. They have continued improving the product. They don't stop. Look at the amount of progress made in just the past year. A completely revamped UI. New incentive systems. Referral staking. Integrations with teams across Solana. New liquidity infrastructure. Another major distribution of tokens to users. Constant improvements based directly on feedback from the people actually using the platform. They keep building. They keep listening. They keep giving. And I am incredibly proud that I get to play even a small role in that journey. Meteora was a gift to me. And because of that, I feel strongly convicted to share everything I have learned about using it with other people. My Bet. I have sold exactly ZERO of my initial $MET allocation from October 2025. It is staked. And it will remain one of the largest conviction positions of my life. Not because of a ticker. Because I’m betting on the team. I’m betting on the tech. I’m betting on liquidity moving onchain. I’m betting on Solana. I’m betting on a future where anyone can participate in markets that used to belong to a small group of institutions. And I think Meteora is extremely well positioned for that. Use the fear. Do the research. Learn how liquidity actually works. Learn how to LP. Open positions. Take some losses. Ask questions. Use the product. Conviction from thousands of hours in DLMM pools is not the same as conviction from staring at a chart. The @met_LParmy is filled with some of the most helpful people I have ever met, and it is the strongest community I have personally seen in crypto. They show up. They help. They experiment. They print. Every single day. Maybe this is your calling too. Do the research. Use the product. Form your own conviction. As for me? Mine was already built the long way. Bullish $MET. We will see you at the top. —----------------------------- Obviously, I’m affiliated with Meteora and hold a substantial amount of $MET. If that makes you skeptical of what I’m saying, good. Use the product and come to your own conclusion. Also if you like this image I made, I might sell it as a poster if there is interest. Because I want one too.

메테오라도 $0.3 돌파 @MeteoraAG 올해 4월, 6월 두차례 샀었고 6월에는 $0.1에 매수했으니 이제는 나름 괜찮은 수익권에 도달한것 같음. 하지만 지난 사이클, 즉 23년 말부터 시작된 레이디움의 약진을 보았고 여전히 rwa + ai 에이전틱 인프라의 가장 큰 수혜주 중 하나라 생각하기에 여기서 매도할 일은 없을듯. USDC 리워드 받으면서 계속 뻐겨봅니다.

[ 아주 짧게만 이야기. 그래도 은근 길어진다 ] 냉정하게 백팩이 준비중인 토큰화증권은 모두에게 쉽게 이해되는 비유를 하자면 그냥 "테더, 서클" 인거에요. 1:1 리딤은 되는데, 항상 1:1 패깅을 보장할수는 없는. 그리고, 과연 다른 곳들은 발만 동동 구르고 있을까? ▽ 더 자세히 읽어보기

오픈씨 초대코드 1장 @opensea 선착순 한명입니다. 🙏

Just minted one. Your witty and humorous art never fails to delight me.

오전에 너무 꺼드럭된것 같아서 비용 지불하고 갑니다. 언젠가는 이런거에 일희일비 하지 않을때가 오겠죠? 그럼 모두 즐거운 하루 되시길요 🫡

주피터도 드디어 마의 $0.3 돌파 @JupiterExchange 이게 얼마만인지 드디어 그 구간을 넘었네요. 찾아보니 작년 11월 이후 10개월 만에 처음인듯. 앞선 백팩과 결은 다르지만 온체인 스탁/rwa의 거래량 증가에 따라 역시 수혜를 받을 수 있겠죠. 슈퍼앱이 성공해서 리테일까지 web3에 심리스하게 들어오게 되면 정점을 찍을것 같구요. (이건 제 희망사항) 금리인상, 전쟁 등 여러가지 변수가 남아있지만 긴 시간 횡보했던 만큼 이제 꽃길만 걸어주시길..

A lot of people are misreading the SEC’s new Innovation Exemption for tokenized stocks. The market seems to be treating this as a blanket green light for anything related to “tokenized equities.” It isn’t. The SEC’s exemption is much narrower. The framework allows - qualifying Tokenized Securities Venues (TSVs) to facilitate trading of tokenized NMS stocks through permissioned AMMs without registering as traditional exchanges. - Certain liquidity providers can also receive conditional relief from dealer registration. But the key is what actually counts as a “tokenized NMS stock.” The SEC basically recognizes two relevant models: 1. Issuer-native tokenization - The company itself, or someone acting on its behalf, tokenizes the actual stock. - Think of a transfer agent recording the actual shares onchain. - The token Itself is the security, not a wrapper that merely tracks it. 2. Third-party custodial tokenization - A third party holds the underlying stock within the traditional securities system and tokenizes the investor’s ownership interest / security entitlement. - Again, the important part is that the token holder must receive the same rights and privileges as a holder of the equivalent traditional stock. - That explicitly includes things like dividends and voting rights. What does NOT qualify? → Synthetic exposure. If a third party issues its own note, derivative, tracker certificate, security-based swap, etc. whose value simply tracks AAPL or NVDA, that instrument is not a “tokenized NMS stock” under this exemption. This distinction matters because the market reaction has been much broader than the actual SEC framework. Anything vaguely connected to tokenized stocks or onchain trading got bid. $BP, $ONDO, $HYPE, $LIT and other adjacent names were swept into the narrative, even though their exposure to the exemption is very different. $ONDO at least has a legitimate connection: Ondo has been moving toward custodial tokenization structures where underlying securities remain within regulated custody while corresponding onchain tokens represent rights tied to those securities. But HYPE or LIT equity perps? Those are derivatives. They are not what the SEC just exempted. And this brings us to Backpack. $BP rallied hard as the market started viewing Backpack as one of the obvious winners from tokenized U.S. equities. The common thesis seems to be: “Backpack tokens are redeemable 1:1 for real shares, therefore they are real-equity tokens, therefore the SEC exemption directly benefits Backpack.” That skips an important legal distinction. Backpack itself describes the two forms very clearly: Traditional Backpack securities: → UCC Article 8 security entitlement Backpack tokens on Solana: → “Tokenized claim” → Claim on an SPV holding the underlying assets Those are NOT the same legal instrument. When you withdraw a traditional Backpack stock position onchain, you are not simply moving the existing Article 8 security entitlement onto Solana. The security entitlement is converted into a different tokenized instrument. That token can later be redeemed 1:1 through Backpack Securities and converted back into the corresponding traditional security entitlement. This is actually a meaningful improvement over many existing stock-token structures. xStocks, for example, are bearer debt instruments / tracker certificates backed 1:1 by underlying shares. Robinhood’s Classic Stock Tokens are derivatives against Robinhood Europe and explicitly do not give holders ownership rights in the underlying stock. Backpack goes further because its token can be redeemed 1:1 into an actual traditional share position / security entitlement. But redeemability ≠ the token itself being the underlying equity. And that distinction matters for the SEC exemption. The SEC does not merely require 1:1 backing or 1:1 redemption. A tokenized NMS stock traded under the exemption must provide the holder the same rights and privileges as the corresponding traditional stock, including voting rights. Backpack’s current documentation describes the Solana token as a “tokenized claim” designed to maintain economic equivalence with the underlying security. It does not describe that token itself as an Article 8 security entitlement or as carrying the full shareholder rights required by the SEC framework. So I would not classify Backpack’s current stock token structure as a direct beneficiary of the Innovation Exemption. Could Backpack build a compliant structure around the exemption later? Absolutely. But that is different from saying its existing tokens already fit it. The infrastructure that is much more directly aligned with what the SEC just described looks more like: - @SuperstateInc: issuer-native shares recorded onchain through a registered transfer-agent model. - @Securitize: issuer-sponsored tokenized shares and transfer-agent infrastructure. - @Figure: blockchain-native registered public equity. - @The_DTCC: tokenization of DTC-custodied securities with identical legal and ownership rights. - @DinariGlobal: custodial tokenized equities designed to preserve the rights of the underlying securities. - @Ondo: moving toward custodial tokenization models tied more directly to securities held inside the regulated custody chain. I’m writing this because I’ve seen a lot of confusion in the community about what the exemption actually covers and which existing products legally fit that definition today. Either way, the SEC’s latest announcement is undeniably a major positive for the tokenized equity ecosystem as a whole.