Been testing out @covetrade and figured I’d share my thoughts for anyone else who wants to check it out. πŸ‹ One bot lets you trade across SOL, BASE, ETH, BNB, MONAD, HYPE + more with USDC. What caught my attention: ⚑ One-click USDC trading β›½ 0 gas πŸŒ‰ No bridging πŸ’° 25% cashback at my current tier 🀝 25% referral rewards at my current tier πŸͺ™ Deposit tokens directly into your wallets I’m starting at ZERO referrals, so let’s see if Crypto X can change that πŸ˜‚ If you try it out, let me know what you think. πŸ‘‡ My referral: t.me/cove_trading_bot?start=… NFA β€” always DYOR.
1
2
3
454
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
This is clean. Look up what a Stonk Fun Distributor. This shit looks good 🫑
1
9
481
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
Casinuuuuuuuuuu
12
304
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
allinu top holders are slowly getting in πŸ‘€
1
1
14
323
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
1
8
251
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
like it up @211uponly went crazy 🎰
"No crying in the Casinu" πŸ˜‚ ft. @slingoorio @wirelyss @Chairman_DN
1
2
11
463
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
Sam Rothstein in $casinu
Made with AI
1
3
13
743
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
solana:5QsDMQWD5HviQyW7bYitMY3GEpmqzWPT9KaV9fEmeg5k
3
7
274
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
5
6
34
1,794
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
I’m allinu in the $casinu
3
7
25
810
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
Replying to @NullMaskio
πŸ”₯
3
1
4
24
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
Replying to @mst1287
1
1
6
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
TLDR: I think the market is making a massive mistake pricing solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7 at ~$38M And I’m not saying this just because I hold the bag I spent some time going through the Nullmask numbers today and the more I looked at them, the less the current valuation made sense to me Let me explain Right now Nullmask has: - 11,620 holders - $662K liquidity - $8M total protocol volume Just look at this for a second 460 people in TG and the product already processed $8M That alone tells you how early the attention side still is compared to the actual usage But this is where it gets interesting -$2.8M of that volume came in the last 24 hours -So roughly 35% of ALL Nullmask volume happened in one day -And that $2.8M generated around $14.1K in platform fees (buy backs and burns) Do nothing else Don’t assume any growth Just annualize what the product is doing right now That’s around $5.15M in yearly platform fees (its all buying backs and burns tho) On a ~$38M coin This is where I started thinking okay, maybe I’m missing something So I compared it to $ZEC Zcash is sitting around $22.6B and doing roughly $568M in daily trading volume $MASK is ~$38M - So the market currently values $MASK at roughly 0.17% of Zcash - Meanwhile Nullmask just did $2.8M in protocol volume in 24h That’s already equivalent in scale to roughly 0.5% of ZEC’s daily trading volume Read that again - The valuation is 0.17% - The volume scale is already around 0.5% And we’re comparing a $22B+ asset that has existed for years to a product that basically just fcking launched (by guy who contributed in that $22B asset) That’s where my brain starts going places Because what happens if Nullmask eventually reaches volume equivalent to just 1% of ZEC’s current daily trading volume? Nothing crazy Literally 1% That would be around $5.7M/day At the current ~0.5% platform fee rate that’s roughly: - $28K/day in fees - $850K/month - $10.4M/year On a token currently valued at ~$38M - 2% gets you to roughly $20.7M annualized - 5% gets you to roughly $51.8M annualized And before someone twists this, I’m obviously not saying Nullmask takes 5% tomorrow That’s not my point My point is you don’t need some insane adoption scenario for the current valuation to stop making sense That’s the asymmetry I see here $22B+ sitting on the Zcash side $38M sitting on the Nullmask side And Nullmask doesn’t need to compete with Zcash It just needs to benefit from more people actually wanting to USE privacy This is also why my thesis on $MASK has changed a lot since I first bought At first it was simple/ - Good team - Good tech - Perfect narrative - Zcash ripping - Privacy getting attention again Now I don’t have to speculate about whether people will use the product anymore They already are $8M processed Millions flowing through it daily Real fees being paid 11K+ holders That’s why ~$38M feels wrong to me The attention hasn’t caught up to the product And imo the valuation hasn’t caught up to either Next I’m gonna compare @NullMaskio with similar projects and their valuations And that’s where you’ll really see how fucking undervalued $MASK still is
72hrs into the Nullmask product release. Here's the last 24 hours: - $3M+ in volume generated - $38,564 revenue - $15.1k in platform fees app.nullmask.io/analytics
22
18
49
1,264
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
Replying to @Fityeth
Stonks
1
1
11
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
Replying to @artsch00lreject
Everybody is crying about the casinu Back to Walmart it is
1
1
44
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
Replying to @LaunchOnSF
Rewards for those who hold to Victory
2
2
15
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
Replying to @CryptoCurb
stonklana super cycle.
1
3
32
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
solana:BwgWHpEAyPnHxmRfYN1tNPS5ADLSiZG3io7uHLJQiT4A paired with solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7 on @solana @LaunchOnSF 20% Supply Locked Forever
6
2
8
126
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
Tbh niggas this one makes way more sense than the draft kings pair, MGM is literally the biggest casino company in the world Send it to millions No crying in the $casinu
2
2
23
1,727
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
πŸ˜†
"No crying in the Casinu" πŸ˜‚ ft. @slingoorio @wirelyss @Chairman_DN
3
3
13
526
MrCryptoLegend πŸ‚πŸ€„οΈ retweeted
This pair is better than allinu just saying , the dust has settled and once everyone wakes up I feel this is taking the boys to Vegas ! And huge shoutout to @211uponly for sick content
1
13
263