Alt dispersion will mechanically trigger pocket outperformance on on large ICO/IDO (see demand for XPL) at fair valuations. Pantera raising a $1b fund, Dragonfly $650m - the capital list goes on but size caps don't.

The only 3 trades you should take this year

- $PUMP Universally hated and seen as an extraction coin, $1b ICO with at least 60% done in private placement at $4b FDV. The protocol is still generates $1.2m fees a day in a “down trench market” - I anticipate the trenches to heat up once participants get their airdrop + token TGEs. At $4b it’s ridiculously undervalued—comp it to Hyperliquid. 25% buyback liquid funds are pilling up in the private placement round (https://x.com/playrisk/status/1935421652206059974)
buyback = good coin

- $WLFI The president’s white label coin, want a decision to be made go through buying WLFI. Strategic sales + an upcoming public company treasury pipe deal to be announced. CZ freed and becoming an advisor, note that Binance is incubating and helping distribute USD1 natively. Comps to Circle + presidential premium (https://x.com/playrisk/status/1884182661863989317)

- $UNIT Tokenisation proxy in crypto, revenues used to buy back HYPE, the only protocol other than CEXs likely to get any interest for it’s trad-fi underlyings - spot liquidity has been constrained - cheap option nonetheless if you farm