𝟓𝟎𝟎𝐤 𝐭𝐨 𝟓𝐦 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞

opening perps trade
long PUMP 1x
size: 47765609 PUMP
entry price: 0.005296$ (5.3b fdV)

pre-market listing has crossed my plans. first i was a bit bitter that price discovery is now playing out on perps exchanges instead of spot markets after the sale. so i have to adjust. we gotta play the cards we have been dealt.

put 250k of my initially planned 400k position size into the pre-market perp now. will try to shove the other 150k into the public sale, but unsure if there is a chance. in any case, 0.004 should be the iron floor as nobody else gets their hands on liquid tokens for cheaper. so, if i have to eat a -30% drawdown on this position until saturday then so be it. i just don't want to risk this running away without me. this could easily reach a fdV of 15-20b in the first month after launch. so, whats 30% in the grand scheme of things. shooters shoot.

thesis:
- revenue figures almost at par with HYPE (fdV 40b)
- best branding in crypto
- most accessible casino in the world
- half the timeline is hating it
- i really don't think Alon is running away with the funds. i think he is motivated to built smth so he can keep the money printer running

𝐡𝐨𝐥𝐝𝐢𝐧𝐠𝐬:
415000 USDC
981000 USDC margin
720k USELESS

𝐩𝐞𝐫𝐩𝐬 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐢𝐧𝐠:
long BTC 2x 13.60 contracts
long PUMP 1x 47.7m contracts

𝐩𝐫𝐨𝐠𝐫𝐞𝐬𝐬 𝐛𝐚𝐫 (𝐫𝐞𝐚𝐥𝐢𝐳𝐞𝐝):
▮▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯▯ 8.3%

𝐩𝐫𝐨𝐠𝐫𝐞𝐬𝐬 𝐛𝐚𝐫 (𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐮𝐏𝐧𝐋):
▮▮▮▮▮▮▯▯▯▯▯▯▯▯▯▯▯▯▯▯ 32.92%