since i’ve been printing some insane PnL on @fomo and dominating the 24h / 7d / 30d leaderboards, holding that #1# spot for days straight. i figured it’s time to give something back. decided to bless one random user with $1,000, and the @fomo team is matching it with an extra $500. $1,500 total. straight back to the trenches. gotta give back to the community that’s been part of the journey. gratz @imsatoshi100 only on @fomo.

i genuinely think people are sleeping on what’s happening with solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7 underneath all this market bloodbath. btc losing $80k, eth and altcoins getting absolutely hammered, hundreds of millions in liquidations and everyone panicking over red candles. meanwhile, nullmask is casually putting up these numbers: oct 23: $5.8m volume / $29k fees oct 24: $6m volume / $29.9k fees oct 25: $6m volume / $30.2k fees that’s $17.8M in protocol volume and $89.1K in fees generated in just 72 hours. cumulative numbers now sitting at: $86.5M total volume. $433.6K total platform fees. and the craziest part? we’re consistently doing ~$6M DAILY volume, basically sitting just below the $6.3M daily ATH, while the entire crypto market is getting nuked. let that sink in for a second. most projects struggle to generate any meaningful revenue even during bullish market conditions. meanwhile nullmask is processing millions in daily volume and generating nearly $30K in fees EVERY SINGLE DAY during one of the ugliest market conditions we’ve seen lately. and these aren’t speculative trading volumes on the $MASK token itself. this is actual protocol activity. people depositing, withdrawing and using the privacy infrastructure. that’s a huge distinction imo. solana integration literally just went live, 5 chains supported already and the protocol is still in its early stages of distribution. what happens when the market actually recovers and more users start discovering the product? obviously nobody knows, but if we’re already seeing this level of activity during a bloodbath, i genuinely think the potential is being massively underestimated. price action can be brutal in the short term. actual product usage tells a completely different story. i’m not interested in pretending every red candle is bullish. i’m interested in finding projects that keep growing while everything else is bleeding. and so far, nullmask keeps giving me reasons to remain convicted. p.s. tomorrow’s buyback will be insane (should be around $150K). same thesis. $MASK.

solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7 bullish as fuck guys @ 26M/27M. and ngl, this is exactly the kind of PA i’ve been waiting to see. after spending days consolidating around the $18–22M range, we’re finally seeing some momentum returning. but the most interesting part isn’t even the chart. it’s what’s been happening behind the scenes while everyone was busy watching red candles. • $25M++ in cumulative protocol volume • $127K++ in actual protocol fees recorded • ethereum, base and bnb chain integrated • confidential bridge powered by near intents • zk shielded pools, private transfers and swaps already live • solana integration and private perps on the roadmap and the team just keeps shipping + tomorrow ama with near intents and thorchain members remember, we were sitting around $18M MC while the protocol was processing millions in volume every single day. that’s what kept me bullish throughout the consolidation. now we’re approaching the $27–30M region again, and if buyers manage to reclaim it convincingly, things could start getting seriously interesting. especially considering how much the broader crypto market has struggled lately. and here’s what people are still underestimating, imo. nullmask isn’t just another privacy narrative play. it’s an actual working product with measurable usage, a growing ecosystem and a development team that’s constantly expanding its infrastructure. and we’re still at roughly $27M MC. compare that with the valuations of more established privacy protocols and ask yourself how much room there could be for growth if adoption continues. obviously, nothing is guaranteed. the next integrations still need to deliver, and protocol growth doesn’t automatically translate into token appreciation. but my thesis has always been about execution, adoption and long-term potential. $30–35M is the next region i’m watching. $50M+ comes back into the conversation if momentum really returns. and $100M remains my first major long-term target. i didn’t spend all this time researching the project just to get shaken out by a few ugly candles. the team keeps building. the protocol keeps processing volume. and the market is finally starting to pay attention again. higher. higher. higher. mask on. conviction unchanged. $MASK

Since I’ve been posting a lot about Nullmask lately, I decided to put everything into one article: my research, the product, the tek, and the $MASK thesis. It’s a long read, but worth it if you’re serious about privacy or the project.

mask ama summary ep. 2: just finished today’s $mask ama with quai network and dashpay and i think the market is still looking at nullmask way too narrowly. people keep reducing it to “privacy pool.” that’s not really what the roadmap sounds like anymore. the product already has real traction. $12m deposited into the shielded pool. 60k+ users. ~$1m distributed in zec rewards. ~600 txs per day. and the team said the launch feedback has been strong while the aml screening system has been performing well. but the more interesting part is where they’re trying to take this. solana. more evm expansion. private perps. larger shielded pools. private ens combined with utxos. better withdrawal privacy. and one thing that caught my attention a lot: they’re building a new solana feature/product that they didn’t want to reveal yet, but described as something that basically doesn’t exist today. if they actually deliver something genuinely new there, that could be a pretty revolutionary unlock for privacy on solana. and that’s exactly why i think the scope here is becoming much bigger than “shield funds and withdraw later.” the real thesis is starting to look more like private financial infrastructure. crypto still has a massive design flaw that everyone somehow accepted as normal. your wallet is basically a public bank account. anyone can see what you hold. what you receive. what you spend. where you send it. how much you’re worth. that’s insane when you actually think about it. you wouldn’t walk into a coffee shop and hand the barista your full bank statement before paying. but onchain we basically do the equivalent every day. what i liked about today’s discussion is that they’re clearly not positioning privacy around “how do we hide shady activity.” they’re positioning it around normal financial privacy while keeping compliance in mind. and i think that distinction is huge. privacy tech became toxic for a lot of builders after tornado cash. not because the demand disappeared. because the regulatory risk became impossible to ignore. if nullmask can make privacy compliant enough for wallets, stablecoins, exchanges, businesses and apps to actually integrate it, then privacy stops being a niche destination. it becomes a feature. eventually maybe an expectation. the ai angle also gets more interesting the deeper you think about it. we’re moving toward a world where autonomous agents will hold funds, make payments, rebalance portfolios and interact with protocols. do we really want every agent to operate with a wallet where the entire financial history is visible to anyone? private agent wallets. private stablecoins. private payroll. private treasury management. private payments. that market could end up being much bigger than “privacy coins.” and that’s why i think $mask is starting to sit at the intersection of multiple narratives instead of just one. privacy. ai agents. digital cash. stablecoins. enterprise. zec. solana. evm. perps. and potentially a completely new privacy primitive on solana that we still don’t even know the details of yet. the interesting part is that these don’t feel randomly glued together either. they all point toward the same endgame. make onchain finance private by default. not hidden. not unusable. not regulatory suicide. just private. $mask isn’t trying to build somewhere you temporarily hide funds. it’s trying to build the privacy layer underneath how people actually use crypto. if they execute on that, the upside is way bigger than the current “privacy token” framing. today’s ama made that thesis even clearer to me. solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7