this has been one of my favorite trades to be in a while
we finally got a meaningful pullback, from ~6.5m down to ~2.6m at the lows
obviously price going down isn't fun lol, but these are the moments where i like to look at everything besides price and see if the thesis is actually getting weaker
so far, i don't think it has
what im looking at:
> 5,500+ holders now
we were around 5.1k when i last checked, and holders continued growing through the pullback. that's probably my favorite datapoint right now
> 12,000+ grokifications
the site is showing 12,348+ pfps made. more importantly, im still seeing new pfps organically all over my feed
> millions of eyes on the original trend
serio's original post was already around 5.8m views when it was tracked a few days ago. this was a viral trend before it was a coin, which is still one of the things i like most about it
> volume is still meaningful
even after the pullback, we're still seeing ~$1.3m in 24h volume and ~$10m over 7d. there's still real activity here
> distribution still looks good
the biggest visible holder on opensea is only around 2%, with 5.5k+ wallets overall (kek). i really like seeing the holder base expand instead of getting more concentrated
> the pfps still hit
probably the simplest part of the thesis
recognizable enough that you know exactly what it is, but personal enough that everyone can make it their own
> bigger than one viral moment
grok represents a much bigger ai narrative to me
naturally aligned with grok + x, while also paired to $SPCX through stonkfun
i've received and sold over $7k in $SPCX now just from holding
that's why im watching acceleration, not just price
holders
pfps
views
volume
languages
notable accounts
brands
derivatives
price had a meaningful pullback
the other variables im watching haven't
that's what matters to me right now
i definitely have some price targets and potential comparisons in mind, but id probably sound delusional
they look good though, and all the right variables keep checking off in my head
grok to the moon 🤖
(as always, this is a trade. ive sold and will continue to sell along the way. taking profit and having conviction aren't mutually exclusive. also i collaborated with ai on this post)