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Sam Steffanina
@SamSteffanina
7 billion views on YouTube 2023 Creator of the Year (fan voted)
2K Following    28.9K Followers
a certain company that we'll call Voldemort has been rumored to be accumulating the solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx token in order to aggressively suppress price while they run coordinated FUD campaigns. but @LaunchOnSF has an irrefutable advantage that Voldemort does not: tokenomics. solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx has some of the most appealing tokenomics of any project in the history of crypto. 1. there's no mint authority to dilute you back. 2. there's no VC's to dump on you 3. 60% of fees from the launchpad get harvested, a large share is spent buying solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx on the open market, and those tokens are permanently removed from existence. #3# is why they have such a steep advantage against the incumbent-who-shall-not-be-named. ** to be clear, we do not know for a fact that Voldemort is using this tactic, but it's a commonly cited rumor. this is a thought piece to help explain why, even if it IS in fact happening, that it's more bullish for STONK than it is bearish.** lets continue every time a party buys and sells solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx with malicious intent, the great irony is they are only reducing the total supply of STONK, which on a long enough time horizon will lead to their ultimate success. Current state of things: - original supply: 1,000,000,000 - already burned: ~180m (~18%) in roughly two months since launch - still circulating: ~820m - protocol fees (defillama stonkfun): ~$8.4m / 7d at today's price (~$0.35), that 7d buyback pace retires roughly ~2.3m solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx per day at today's 7d pace you're on track for ~34% of the original 1b gone by dec 31. double that pace and you land near ~50%. how do you beat voldemort when they have enough money to suppress your price? suppression is reversible. burns are not. voldemort can lease price with inventory and fud. they cannot unburn tokens. every day the mint shrinks, the float they have to lean on gets thinner. their cost of keeping a lid on rises, and Voldemort is the one pouring gas on the fire one obvious caveat is that whenever solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx price goes up, that means the effect of the buybacks is weaker, which is part of why Voldemort's buybacks are so weak compared to STONK's rapid deflation. this is the game theory @LaunchOnSF opted into and voldemort didn't design for. fair launch, no VC's, designed to go up with their holders. voldemort can win attention cycles through purchasable influence, but solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx is built to win the float war. if they keep suppressing while the burn accelerates, they're not "winning the chart." instead, they're volunteering to underwrite a thinner future supply for everyone still holding when the campaigns go quiet, assuming you've accumulated when you had the chance. see you at a billy+
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the ticker is $STONK money has never been this free before
no vc's, no insiders, no lockups, no vesting, fully circulating....
i didn’t know what to expect after the late night political noise around Iran vs US woke up to the market being in the exact same spot as when i went to bed there is only 1 logical conclusion from this OVER SOLD
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This is the nail in the coffin for the bears. As long as BTC closes above $78,900 in 14 hours, it will have closed: - 1W candle above the 50SMA - 3 daily candles also above it The 50SMA is the bear final boss. It has been in every single bottoming cycle. The price does not push up and above the 50SMA, from oversold conditions, especially on the weekly, if it is in-fact, weak. It just doesn't happen, and has never happened. We have never had a period where Bitcoin closes 3 days above it, and makes any kind of low next. It has always pushed higher. None of this means that this cannot happen for the first time, this time. We may still drop lower after this - I have been eyeing $70k - $73k for a while... But now we are up at this level, around the weekly close, it does change things. Going off all of the data we have, Bitcoin closing above $78,900 this week has historically, 100% of the time, meant that we push much higher. The main thing to take away from this is not that prices will never ever drop again. But what it does, very very likely mean, is that downside is limited. Be prepared for all outcomes, but ignoring very key data like this is, is not smart. Even if we drop below $78,900 in 14 hours, i dont think it changes much. Every single time we have come up to the 50SMA, from oversold, we have always reclaimed it and pushed higher. A rejection today only delays the inevitable in my opinion. And all the data we have proves that. You do not need to overcomplicate it.
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i’m heading to bed and thinking about how cool it is to be living through the launchpad battle of 2026 feels like a decade from now we’re going to be thinking back to when LONG, PONS, STONK and PUMP were fighting it out for supremacy it’s going to be a wild ride.
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stonk revenue right back on schedule it’s a beautiful thing
StonkFun Revenue (Sept 19th) Revenue: $1,247,924 Buybacks: $749,636 Burned: 2.93M solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx
cool to see the Lever Cat team attempting to drive more value to holders by making it easy for other teams to airdrop to solana:AGi2s9zPRPHs3zEDPhPTroumTEXK5ufymYSfEFndCSSW holders this is the same strategy we employed at @WolvesDAO with our SBTs and got our members about 15 valuable airdrops if you can prove that your holders are a desireable cohort, many teams will do this, and it will drive a tremendous amount of buy pressure to the token. that said, it can be tough to convince teams holders of another unrelated token should be airdropped, because typically they will want to jeet the new token. with a good BD team that is getting on calls and making connections though, anything is possible. the lever stays on we like the cat
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channeling Kabuto King energy this cycle unshakeable in my thesis retarded in my conviction unbreakable in my solvency typically I would advise against it but in this case... the thesis is too strong, the upside is too asymmetric, the tokens are too well designed
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New Kabutos: 32 Total Kabuto Count: 6141 Your great-grandchildren will know the story of Kabuto. The best is yet to come 👑
the time to be risk-on is not when BTC is at 130k it’s whenever every macro signal is pointing to alt season and there’s several new unsolved pieces of technology making speculative crypto interesting again while simultaneously bringing trillions of dollars on chain and giving normies the greatest UI/UX crypto has ever seen by several orders of magnitude. it will look so painfully obvious in hindsight.
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i find the level of PTSD on the TL right now genuinely astonishing. there are pretty well known people calling for "a local top" or some sort of big pullback here i'm focused on solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx fun eco (solana:HcRLc9VDgjLeK154xDawfb1dmVJ98DoSqcwTHGqiDeJR solana:8RVBk8vxLiUHueLUW1f4izFVqN3nWippLhkohKg6EGkS etc), but let's take RH chain, which is also a smash success: the entire TVL of every single token on RH chain, including PONS (the main launchpad and RH chain 'largecap') in aggregate, ie combined, is lower than the market cap of *whatever the fuck* "book of meme" was last cycle (if you don't remember, it's some weird ruggy opportunistic crimed-up coin that popped up after wif took off) like that came and went in a blip, and nobody remembers it. again, the ENTIRE TVL of THE ENTIRE CHAIN on RH is *less* than a single (shitty/fleeting/forgettable) coin from prev cycle, and there are people out there saying "yeah guys, i think that's a wrap for a while. we really got ahead of ourselves here. we got a double ration of mealworm-pocked stale bread from our prison masters, so we must be getting executed tonight" i think the previous-era (pre stonk fun eco, rh eco) meta memecoin trenches really messed people up. i use the analogy like "people are shaking in a piss-soaked corner, refusing to leave the cell long after the gulag was liberated" i'm afraid people forgot that "good things are possible" and "it can be early", and are just traumatized. if you're not experimenting with new coins, or generally finding some way to open up your wealth chakra right now, you're potentially sidelining yourself from what could be the biggest PVE wealth creation event we've seen in 5 years. don't be scared. come, bathe with us. if not now, when?
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Holy shit $STONK is so undervalued Easiest 5x in the market right now
new product? from SLAWTH very cool to see this breakdown - TL;DR 80 wallets bought at the same time trying to obfuscate the bundling in this token hopefully they do more analysis like this
47% of $HEV is held by insider wallets Slawth glass is a tool for a more transparent look at the blockchain. Here is a preview of the tool with $HEV holders.
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I find @tulipking's thesis extremely compelling he made the case that ETH trend to $600 and SOL will trend to $25 (my opinion at the bottom) you should watch this stream to understand it better but here's my attempt to explain it: if you're in a service providing business or technology, you want to be able to scale your revenue not only with the amount of service you're providing, but also with the amount of value being provided. e.g. if you're a bank, you dont want to just make a flat fee for all loans - you want to make more money on larger loans. businesses like Hyperliquid capture value that scales with activity on the network, but ETH and SOL do not. from TK directly (around the 18 minute mark): “Cisco provides internet connectivity. They probably facilitate trillions of dollars or quadrillions of dollars of economic activity. It’s the internet, right? But they’re not a valuable business because they don’t capture any of that. So, like if I shoot you a text of a meme or I shoot you a $1 billion dollar business deal over the internet, Cisco still charges me like one bite or bit or whatever, right? That’s the Ethereum problem.” He applies the same logic directly to Solana and Ethereum blockspace: “If I send you a billion in stable coins, Solana gets a penny. If I send you a dollar in stable coins, Solana gets a penny. It’s just not going to work.” the implication he draws for prices: assets that received monetary-premium valuations without being "money" (ETH, SOL, BNB, etc.) should lose that premium as capital recognizes they are Cisco-style networks rather than money. that capital, in his view, flows toward actual monetary assets like Zcash. he outlines the destination as Zcash at $1T while Ethereum falls toward $30–40B (~$600–$1,000 ETH) and Solana toward $25. he adds that even a large activity increase on Solana would still leave it as a business that “makes zero dollars that’s worth 60 billion” because blockspace remains a commodity. for what it's worth - I largely agree with his thesis, I just think it will take a long time to play out. there's no chance we have a frothy alt cycle and SOL stays under $200, but over time as people recognize the true value of the network's currency, I could see this thesis playing out. other networks like AVAX have learned this lesson at a faster rate. cc @notthreadguy
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(FULL OF ALPHA) My appearance on stream today. We talked about the reflexive price loop Zcash [road to $1 trillion] is in and who's buying it, why Derive is the most underpriced derivatives protocol in crypto, and what the hell Pearl is 0:20 Crypto Twitter has no conviction 5:10 Zcash trillion dollar price loop 11:21 Ethereum is not money 19:19 who's actually buying Zcash? 24:53 the Derive bull case 33:27 HYPE can’t compete in options 38:28 Pearl is AI-secured Bitcoin 46:36 miners are switching to AI 49:09 a real man's coin
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the aggressive repricing on $STONK will be so obvious in hindsight. it’s obvious in foresight, too.
the stock market wants to be crypto so bad they want to be as volatile as us they want to trade as many hours as us they want to move assets as easily as us tokenize everything
🇺🇸BREAKING: U.S. stock markets will begin trading 23 hours a day, 5 days a week from December 6 The planned trading week will run from Sunday evening through Friday evening, with a one-hour daily maintenance break. Nasdaq and NYSE Arca are among the venues preparing for expanded hours, while the regular 9:30 a.m. – 4 p.m. session remains unchanged. The SEC is upgrading market infrastructure for 23/5 trading, with full 24/7 trading potentially coming later. Brokers will decide which securities and overnight services customers can access, while thinner liquidity could mean wider spreads and greater volatility.
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a list of catalysts for the upcoming bull run read this if you want to understand the bullish thesis
I keep seeing this sentiment of "but there's no catalyst for Bitcoin to go up", which I thought about all night and came to the conclusion: that's total bullshit. here's a list 17 of reasons it will go up. 1. AI made a bunch of people disgustingly rich AI companies have minted huge paper wealth. When those people want something more exciting than just holding tech stocks, they look at crypto. 2. SpaceX going public is the largest wealth creation event in American history biggest IPO ever. employees and investors suddenly have liquid stock. some of that money, and even tokenized SpaceX stock itself, and more of it will unlock over time. SpaceX listed at ~$1.77 trillion. Axios noted that was roughly equal to the 29 largest U.S. IPOs since 2000 combined 3. IT'S HAPPENING AGAIN another giant AI company looking to list around october. same idea: new rich people + a hot AI story that crypto can ride. 4. IT'S HAPPENING AGAIN (AGAIN) we don't know when OpenAI's IPO will be but it's likely another $1T+ wealth creation event and will probably happen in 2027. 5. for the first time you can pair real stocks with meme coins on Robinhood’s chain, tokens that track Nvidia, Tesla, Apple, SpaceX can sit in the same pool as joke coins. stocks become the “cash” you trade memes against. this is creating a massive swell of tokenized stocks owned on-chain which has multiple downstream effects. 6. buying crypto is now as easy as buying a stock one app, one swipe, with apple cash. if you're new here, I can understand how that doesn't feel that huge, but my god it is everything. you don’t need to learn wallets, bridge funds, or pick a chain first. that lowering of the barrier to entry makes the TAM of crypto literally 100x larger. 7. privacy is a hot story again Zcash now has a spot ETF. People who want “Bitcoin, but you can hide the transaction if you want” finally have a normal, regulated way to buy it. new story usually means new money. Billionaires feel more threatened than they have in decades (see #8#) 8. sovereignty is a hot story again California’s Prop 40 would slap a one-time 5% tax on the whole fortune of residents worth $1B+, even if they leave the state later. It’s on the November ballot, not law yet, but the message is: governments can try to reach paper wealth. that makes self-custody and assets that are hard to freeze more interesting. 9. the stigma around gambling is basically gone Prediction markets, DraftKings, online casinos, memecoins, it’s all treated like entertainment now. when “degeneracy” doesn’t feel dirty, more people are willing to speculate, including in crypto. this is happening at the same time as people getting brutalized in the economy. everyone is loking for an edge. Crypto is where they'll find it. 10. Retirement accounts might get crypto if 401(k)s and advisors get a clearer green light, the slow, boring money that never touched Bitcoin can start dripping in. 11. more than just Bitcoin ETFs now there are funds for ETH, SOL, even Zcash. Advisors who used to only be allowed to buy BTC can put client money into more coins without leaving the brokerage account. 12. banks and Visa/Stripe are building on stablecoins (huge) the GENIUS Act already made dollar-coins a real U.S. product. big banks and payment companies want in. more dollars living on-chain usually lifts the whole crypto market, not just the stablecoin issuers. 13. stablecoins and tokenized stuff are truly being used dollars-on-chain and tokenized T-bills/stocks mean blockchains are becoming pipes for real money, not only casinos. 14. yesterday the SEC said on-chain stocks can trade (Sept 17) for five years, special venues can run automated pools of tokenized U.S. stocks without being treated like a full stock exchange. that’s official a barrier that has kept many more skeptical/fearful participants sidelined from building new technology in our space. 15. CFTC said wallet builders aren’t automatically brokers (Sept 17) if you just write software and don’t hold people’s money or tell them what to buy, you’re not on the hook for whatever users do with it. 16. FOMO/easy apps + giant IPOs + stock-meme combos make people afraid of missing out. the entire bull market will be significantly more visible than it's ever been. Crypto influencers are not just on twitter now. @MINHxDYNASTY, @rasmr_eth, @notthreadguy, @orangie and others will continue to go viral with insane P&Ls to a much broader audience than any cycle before this. that usually shows up late in a rally and can push prices faster 17. People don’t trust the dollar prices keep going up and the government keeps printing/borrowing a lot. bitcoin is the original inflation hedge, and then institutions have torched that, but I believe we will see a flip back to it being an inflation hedge as the dollar continues to weaken. there's always reasons to be bearish. something gets bombed, another war, another tariff... but for the first time in several years we have seen many bearish events that have had near-zero effect on bitcoin's price. FOMC, Clarity fails, oil skyrockets bitcoin no longer cares. and when it doesn't care enough to go down, there's only one direction for it to go in. 📈
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imagine being bearish on a token that’s gonna have 60% less supply at the end of the year 😂
stonk fun burned .25% of its supply in a single day. while 97% of people that will trade onchain are still in bed, and BTC is trading fifty thousand dollars below its previous ATH this is in contrast to other protocols that 1) don't have a token 2) are dumping supply on your heads nonstop, potentially to the tunes of billions of dollars in some cases, to pay off VCs and early investors to pay them back for their flatiron office's air hockey table $stonk is a 10b protocol, solana:8RVBk8vxLiUHueLUW1f4izFVqN3nWippLhkohKg6EGkS earns stonk, and we're so early to this new path for memecoins, that exchanges and tax software is still barely figuring out platform issues so much higher.
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Bitcoin getting fudded by this chud is the most bullish thing i’ve seen all day asymmetric opportunities cannot live in consensus bets we are going so much higher
The dead cat continues to bounce. What is Bitcoin, 17 years later? It’s not great for transactions or smart contracts; the user experience is still intimidating for most, and it’s no longer capturing the public’s imagination. If it comes up at the dinner party, it's followed by a hearty “remember that!” It’s a boring store of value, trusted as that—which is its biggest value. It's boring. Folks expect bitcoin to be stable and that it’s no longer a way to get rich quick. Institutions embracing and accumulating it took $btc from punk rock to Muzak. Advocates went from pirates to suits in orange ties, awkwardly sharing cringe memes — just like the cool kids do! If Bitcoin were going to reach mass adoption and an important use case, it does better than anyone else, it would have by now. Bitcoin feels like the CD in the age of Spotify, the DVD in the age of Netflix — a bridge technology that folks who invested in “their collection” keep saying is the better experience. Perhaps bitcoin is vinyl, cool memories and fun to drag out and put on display, but a technology that served us to get to where we are now.
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Pikachu 30th edition exodia is almost complete
1.5m holders and we're at less than 10% of alt season? this is the power of @fomo thinking this isn't an extremely powerful bullish catalyst is mind numbingly low IQ
said it before, I'll say it again. best TCG since hearthstone, and way better than hearthstone was at release.
Origins TCG is our card battler that combines competitive gameplay with collecting inspired by physical card games - Unlock every card with zero pay-to-win - Build your 13-card deck - Compete in 7-minute matches - Rip, collect & trade digital cards
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