GM Digest #45

Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril

BTC ETFs Imminent

• JPMorgan analysts said that the SEC would most likely be forced to approve the spot BTC ETF applications following Grayscale’s victory

• The reason for this is that Grayscale’s win would mean that the SEC would have to withdraw its previous approval of futures-based BTC ETFs to defend their denial of Grayscale’s BTC ETF which would be embarrassing for the SEC.

Metal Auto Trader Live

• The Metal Auto-Trader Bot by @FullMetalTools is now live and trading on the addresses metaltoolstrader.eth and suffixes 0-3

• This Auto-Trader Bot is powered by a specialized version of the Alpha Bot and there will be a revenue share with $METAL holders.

• $METAL currently sits at $3m MCap and has pumped 14% in the last 24 hours. Positive market signals from $METAL amidst the $UNIBOT fud

Thoughts: I’ve covered $METAL in a GM Digest Episode 3-4 days ago. Congrats to everyone who bought and held! Metal has been performing quite well relative to other bots (both $METAL and its NFT). There’s a lot of utilities for $METAL holders — rev share, access to advanced bot, trading fee discounts. Despite lacking long historical record like Aimbot, Metal has been accumulated by smart money due to its varieties of products & value-accrual to $METAL holders ($METAL is trading at 4-5x below $AIMBOT valuation at the moment)

UniDEX on Base

• @UniDexFinance pushed for a lot of updates over the weekend on @BuildOnBase.

• UniDEX team listed new trading pairs with flexible leverage including popular coins such as $UNIBOT /USD, $RLB /ETH and $BITCOIN /ETH. Additionally, 7 new markets were listed including $GNS / $GMX , $ARB / $OP , DeFi Index, Perp Index, L2 Index, EVM Index and Non-EVM Index.

• crvUSD pool added for collateral support for perp traders. Users can now LP to take on trader PnL and to earn trading fees from users.

• Liquidity for the $UNIDX /ETH pool on @aerodromefi has grown to $1.4m and LPs are earning 112% APR.

FTX Solana Addresses on the Move

• @RhoRider alerted that Solana addresses owned by FTX have started moving tokens and speculated that the move was to prepare for liquidation dumps. The addresses are currently holding $1.5B worth of Solana Ecosystem tokens

Thoughts: This is going to be a huge selling event for the Solana ecosystem. There have been a lot of Solana bulls recently but this news is definitely bearish short to mid-term on the price action.

Unibot Drama

• Unibot drama continues with @xcurveth attacking @BananaGunBot out of his own insecurities

• More FUD came to light — allegations that Unibot founders have founded & rugged several sniper projects in the past. (Source: @quamfywhale → his post was taken down)

• $UNIBOT is steadily climbing down in price and is now trading at $84

Thoughts: The TG bot space is super competitive at the moment. Ignoring all the drama and the noise, the $UNIBOT fud means that there is room for other potential bots to take some market share. All eyes on BananaBot right now with expectation for airdrop & token launch. Definitely worth setting up your own Banana bot if you haven’t already — With Banana, you’re able to successfully snipe the first txn block of pre-launch CAs due to its bribes bundling mechanics.

Thiccythot Shenanigans?

• A thread by @r31n1t14l1z3 alleges that @thiccythot_ was the Macalinao brothers’ roommate and did not do or say anything regarding the scams perpetrated by the brothers

• Macalinao brothers built an ecosystem of interlocking Solana projects that double / triple-stack TVL on top of each other, faking the entire ecosystem

Thoughts: Need more drama like this in times of a boring market lol — Don’t know this thot personally but learned a good deal from him on how MM works.

NetherFi Launch on Base

• @netherlabs_ perps & spot exchange is launching on Base today (Sep 4)

• Nether scratched the Public IDO plan and burned half of their total planned supply. Even though half of their supply was burnt, $NFI is trading at $30m FDV

• $NFI Liquidity was seeded on Aug 30 (Why?) at $0.02 ($10m FDV). The token quickly got sniped up to $0.36 and had been declining since then

Thoughts: Valuation is currently extremely high. Given that there’s no top players in Perp Market on Base, it’s good to monitor how Nether will fare against other competitors (Krav, Dip, Base Trade)

ConcentricFi WL & Public Presale

• @concentricfi WL has ended with 120 E raised out of 300 E cap yesterday (Sep 3). The Sale will continue with Public Round at 6:00pm UTC Sep 4, selling the rest of the unsold tokens

• 50% of tokens purchased will be unlocked at TGE, other 50% in the form of xCONE (vesting over 6 months)

• Valuation at $2.4m FDV — TGE MCap will be around ~900k if the sale is filled. TGE & Vaults will be live on Sep 8

• Concentric is a Concentrated Liquidity Manager on Arbitrum that actively manages Liquidity Positions on @CamelotDEX

Thoughts: Concentrated Liquidity Manager is nothing new. Gamma, DefiEdge, Dyson, and Arrakis have been doing this for a while on Arbitrum with majority of them having no tokens and no revenue sharing of any form (except $GAMMA with 10% rev share). Concentric will share 40% of the fees to xCONE stakers while 10% will be used to Buyback the token. Tokenomics’ value accrual is decent for the holders & stakers (if Concentric is able to generate meaningful fees from LPs that it manages). Since Concentric did an AMA with UDAO and they got into the Private Round, I won’t be participating in the Public Round (Might be an opportunity to snipe after TGE since Private is 25% liquid & Public is 50% liquid at TGE)

Onchain Dynamics TGE

• @OnChainDynamics Presale ended on Pinksale Finance on Sep 1 with 290 E raised. It was a fair launch without cap, implied FDV is 2900 E ($4.7m)

• $OCD TGE today at 6:30pm UTC Sep 4

• Onchain Dynamics offers all-in-one trading tools with Trading Bots, Mempool Scanning, CA Auditing, On-chain Swaps

Thoughts: Good Narrative token, the Fair Launch without cap usually does not end well for a “too hyped up” project. Pinksale Finance is also known to be a playground for 3rd or 4th tier projects as well — majority of the projects are either scam, rug, or pump & dump (Not saying Onchain Dynamics will do that). It’s just that I know this all too well because it’s the first playground where I found my edge back in 2021. For $OCD, not touching this as I’m expecting sell-offs during TGE ****

MozaicFi LBP

• @Mozaic_Fi will be commencing their LBP at 2:00pm UTC Sep 4 and will last for 72 hours

• Starting price will be $0.06 ($60m FDV) with an estimated ending price at $0.002 ($2.5m FDV). The starting weight will be 96% MOZ / 4% ETH and will transition to 50% MOZ / 50% ETH on Sep 7

• Depending on the final price of the LBP, MCap will be from $4.6m (at $0.06) to $0.18m (at $0.002)

• MozaicFi is an omnichain protocol that provides automatic yield farming using AI

Thoughts: Fundraising with LBP tends to have a bearish PA at TGE since public demand is consolidated during the LBP. Majority of the projects that were raised with LBP (in this market) did not do well at all. Nevertheless, you can still wait for the price to come down and try to snipe near the bottom price $0.002. I’ll likely fade this entirely due to it being an LBP raise

Degen Section

No new degen plays for today.

*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*