The market feels a bit shaky rn, and some projects seem to be running mostly on hype.

This reinforces my thesis: look for projects near their lows where the team keeps working hard, even when nobody is paying attention.

Most of the hype tourists have already left, while the core believers are still holding. That doesn’t remove the risk, but there’s less hype left to unwind.

It’s starting to play out with $WOOD and $MERRYMEN, which both moved nicely over the last few days. Hopefully, some of my other holdings will follow when their time comes.

Somehow, I’m enjoying the boring plays this run. Quiet charts, active teams, and enough patience to let things develop.