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flow Profile picture
@tradetheflow_
May 17 • 9 tweets • 3 min read • Read on X
Every one is talking about the VC + CEX cartel where teams are pushed to launch at the highest possible FDV on tier-1 CEX and provide exit liquidity for VC and insiders

The result: New coins are not great investment anymore

But how real is this? I crunched the number for you 👇
Looking at all the new listing of the past 6 months on the largest CEX, Binance, we note that >80% of tokens are down from their listing date.

The only exceptions are:

- $MEME: A meme coin
- $ORDI : No tier 1 VC
- $JUP + $JTO: Big Solana momentum
- $WIF: Another meme coin table showing the performance on new listing on Binance year-to-date
Most of new Binance listing are tokens backed by Tier-1 VC and launch at crazy valuations.

The average FDV on Binance listing date is over $4.2B, with some even reaching a ridiculous FDV of over $11B.

And often those projects have no real users or a strong community behind. table showing the stats of recent Binance listing
If you held a portfolio where you would invest an equal amount at each new Binance listing, you would be down over 18% in the past 6 months.
So yes, more often than not, tokens launching on Binance are not investment vehicle anymore - all their upside potential are already taken away.

Instead, they represent exit liquidity for insiders who capitalize on retail lack of access to quality early investment opportunities.
In many ways the game is rigged and this current meta is not a net positive for crypto. Far from it.

@krugermacro explains it well well here 👇

Because yes "Launching at a high FDV just results in bleed and zero mindshare" which ultimately makes the token nuke.

But more than that, this path is unsustainable and discredit the crypto industry.

People are TIRED of being the exit liquidity of insiders and slowly, they are waking up to this non-sense.

This game needs to change.

Else, our industry is going to pay the long term consequences of those abuse.
The key takeaway from this short study: We need to make tokens great again and provide equal access to investment opportunities.

What do you think?

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More from @tradetheflow_

flow Profile picture
Apr 19
Do you have enough non-debt money? This is a question that @RayDalio is asking you.

And if someone like Ray (one of the best investor of all time) makes this stance, my bet is that you better listen.

I've summarized the main points of his piece here 👇

linkedin.com/pulse/do-you-h…
Good money = a good medium of exchange + a good store of wealth + widely accepted around the world

Today, the most globally recognized and accepted form of money is the dollar, then to a lesser extent the euro, the yen, or the Chinese renminbi.
All those money are debt-backed money -> when you hold them, you are holding a debt liabilities (which are promises to deliver you money).
Read 9 tweets
flow Profile picture
Apr 16
We've had another crazy week in crypto land.

Here's a 2 MIN recap of everything you need to know to stay up to date with the market🧵 Image
The revival of conflict in the Middle-East triggered a big flush in the market.

On the news that Iran attacked Israel, Bitcoin dropped towards the $61k levels while alts corrected much more strongly. Image
This flush has also deleveraged the market significantly, and global open interest is now back to levels not seen since Bitcoin traded around the $40k levels.

Read 18 tweets
flow Profile picture
Apr 12
THE MEME COIN REBELLION - A BOLD THESIS

I'm convinced that we're only at the beginning of a big run for meme coins this cycle.

In fact, it's likely going to be the place to find the most asymmetric opportunities in crypto.

Here's my full thesis on meme (+ my top picks) 🧵 meme of a "Pepe" holding a beer
Agenda for today:

-The rise of financial nihilism
-Why meme coins are gaining so much traction
-The meme coin supercycle
-My top picks

This is going to full of alpha.
Grab a coffee, bookmark this, and let's get straight into it 👇
THE RISE OF FINANCIAL NIHILISM

The American dream is fucked.

Let's face it, life is getting increasingly hard for the average worker who just started out real life.

Young people feel trapped between an escalating cost of living that does not keep up with the return on labor.
Read 36 tweets
flow Profile picture
Apr 1
Over the last few weeks, there has been a notable shift towards BASE.

After witnessing the crazy meme coin season on Solana, I'm convinced that BASE will soon be home to a lot of +$1B meme coins this cycle.

Here's an in-depth analysis of BASE (+ my top meme coin picks) 🧵
Agenda for today:

• BASE - A quick overview
• The bullish case for BASE
• Why meme coins could be huge there
• My top 4 meme on BASE (which still has a lot of upside potential)

Let's dig in.
AN OVERVIEW OF BASE

BASE is an Ethereum layer-2 network that offers a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps or “dapps” on-chain.

It is built on @Optimisim stack and backed by @coinbase
Read 26 tweets
flow Profile picture
Feb 21
EigenLayer could be the first billion-dollar airdrop opportunity.

Spend 2 MIN reading this GUIDE to prepare 🧵 Image
First, bookmark this guide as you will need it later.
Now let's get into it:

What is @eigenlayer?

In short, EigenLayer is a protocol built on Ethereum that introduces the concept of restaking. But to better understand this, we first need to introduce staking on Ethereum...
@eigenlayer Ethereum has recently migrated to a PoS consensus which requires people to commit an ETH stake to financially secure the network.

Currently, there are more than 900k validators on Ethereum, which represents around 25% of all ETH in circulation (~$89 billion in staked capital). Image
Read 20 tweets
flow Profile picture
Feb 5
The LFG launchpad built on DLMM's pools from @JupiterExchange is a game changer.

However, it seems that many have not yet grasped its full potential and how the $JUP airdrop marks an inflection point in how projects may be able to raise money on-chain.

Let me try to explain 🧵
@JupiterExchange Among the diverse product lines offered by Jupiter, they have developed an innovative way to organically launch new projects: the LFG Launchpad.

With this, their goal is to build a support system for fair on-chain launches and adress the problems of current launchaps design.
@JupiterExchange According to @weremeow, those includes:
-Token launches are complex and difficult to manage
-Current design promotes pump and dump
-Incentives are not aligned for the long-term
-Not pro-community but pro-opportunist
-No backstop protection against airdrop dumpers Image
Read 22 tweets

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