The market maker minted $1 million AMC stock tokens as buffer supply for the long weekend, which is about 80% of what's in the MEME/AMC pool.
Rough rough estimate is that MEME/AMC would have to hit $215 million for the market maker to run out of buffer.
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if you own a leader in a memefi coin (ai, memory, pharma), you’re potentially sitting on a literal goldmine
if you sell here, you probably would’ve sold goat, ai16z, zerebro, fartcoin, arc, etc. after the first few pumps too
zoom out and see the bigger picture
no fumble cards
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Summary of takes lately:
- ticker and ticker pair physiognomy are real.
- deployers launching tokens, eating on fees, and abandoning with no CTO rarely works out. why bid.
- launchpads need to offer CTOs.
- the bar is so low for good CTOs, so good marketers should step in.
- pure stock pairs do better than reflection tokens.
- don’t launch stock tokens on the weekend when minting stock tokens is off.
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Drastic gap now. AI really pulled ahead in the stock pair battle. Chart:
niú lái pulled ahead. I also think niú lái was the right choice for this graph vs MarsCoin.
new pfp and banner.
darrow and an iron rain from from red rising.
best book series ever.
A large part of why this didn’t run to $10m immediately then crash like the other recent stock pair runners was bc the stock token market maker was on their game this time. When the paired stock token has low liquidity and the market maker isn’t active, it causes the paired memecoin to rip harder up, then crash hard down when the market maker finally comes online and repegs the paired stock token.
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Another one but the market maker is doing a good job keeping the LLY price pegged:
Things are getting healthier on Robinhood Chain.
(this is not about any specific token!!)
There is an incentive misalignment in token launches right now.
It’s so easy to launch a good idea and eat on the fees as it goes viral on social trading apps. And it’s fun to ape good ideas you see on social trading apps.
But inevitably if the launcher has no interest in CTOing, things usually crash quick (there can be exceptions).
Then it becomes a catch22. It’d be better to see a good team relaunch with fee control and some supply than for them to try to bid at high prices to get supply and just not have the fees. But if they relaunch then they are seen as a PvP.
Also launchpads without CTO options - please fix your ish with haste.
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The bar is so incredibly low.
If you are a good marketer, you can sweep.
Twice now someone has launched a good ticker paired with ETH, then they get mad when it is immediately PvP’d by someone who launches it paired with the proper stock token.
The meta rn is stock tokens. Embrace it.
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Another one but the market maker is doing a good job keeping the LLY price pegged:
Things are getting healthier on Robinhood Chain.
The bar is so incredibly low.
If you are a good marketer, you can sweep.
Prediction:
These mad dash launched stock pairs without CTOs will go to zero and get PvP'd by new launches with good teams behind them.
A lot of people think the story is that a memecoin caused a stock token to be 100x the offchain price.
That ain’t it. No one cares, and the market makers are just going to dump on you.
The story is the opposite: onchain demand for a stock token impacted offchain prices.
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Pumping onchain stocks so they depeg and market makers can mint stock tokens to dump on your heads is not bullish and you are literally giving them free money.
I don’t know how you guys have managed to be psyoped into thinking by pumping an illiquid on chain stock you are doing anything to the stock price other than allowing them to dump on you
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Pumping onchain stocks so they depeg and market makers can mint stock tokens to dump on your heads is not bullish and you are literally giving them free money.
I don’t know how you guys have managed to be psyoped into thinking by pumping an illiquid on chain stock you are doing anything to the stock price other than allowing them to dump on you
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Prediction:
These mad dash launched stock pairs without CTOs will go to zero and get PvP'd by new launches with good teams behind them.
Still asking myself this question.
So many stock pairs getting launched quickly with no X or plan on launchpads that don't allow for CTOs.
Prediction:
The main stock pair runners will be pure pairs and not have reflections.
Reflections are too messy: high fees, vamp-able, less likely to get listed, etc.
@defi_ant_degen @yueya_eth @base @cobie Reflections are more fun and exciting. But vampable unless you block transfers. And possibly harder to get listed by CEXs.
Pure pairs are simpler and possibly more sustainable. Easier to list.
TBD.
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There are so many good stock ticker pairs that need a team to work behind the scenes but there isn’t enough incentive to get people to commit feel like there’s an opportunity here for a smart dev
Still asking myself this question.
So many stock pairs getting launched quickly with no X or plan on launchpads that don't allow for CTOs.
Can good stock ticker pairs run without CTOs this cycle?
Is the stock itself enough to be the CTO, as long as the ticker or ticker pair is good enough and it becomes the canonical for that stock token?
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It's happening again.
A token paired with the WYFI stock token is running hard and at $3M market cap, but its WYFI pair is overvalued by 24x. We are in market hours though right now, so the market maker should come online soon and mint and sell WYFI into the market.
More on @apex_ether's site:
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The market maker woke up at 5 am ET and started minting new AMC. The AMC price re-pegged as a result, CINEMA dumped, and people started rebuying CINEMA. A 3x unpeg happened again as a result but the market maker is continuing to mint - ideally they can keep up as people get back into CINEMA.
If you buy while AMC is depegged, it’s a psychology game imo - how much of an AMC price discrepancy do you think people are willing to accept to get in, knowing the market maker is dumping on you.
It’s been a movie already.
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This is very cool. Bookmark for next weekend...
A dashboard to view the trading price difference between onchain price and tradfi price for @base and @RobinhoodCrypto tokenized assets.
Opportunities to win and get wrecked with this information. stay safu.
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The market maker woke up at 5 am ET and started minting new AMC. The AMC price re-pegged as a result, CINEMA dumped, and people started rebuying CINEMA. A 3x unpeg happened again as a result but the market maker is continuing to mint - ideally they can keep up as people get back into CINEMA.
If you buy while AMC is depegged, it’s a psychology game imo - how much of an AMC price discrepancy do you think people are willing to accept to get in, knowing the market maker is dumping on you.
It’s been a movie already.
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People still don’t get this:
Imagine you are in a memecoin paired to ETH and you know that ETH is going to drop tomorrow by 35x.
What do you do? You sell the memecoin.
