i think ASTER is poised to surprise many soon as well

they haven't even announced a lot of catalysts e.g. buybacks, Binance spot, etc

both ASTER and APEX should be winners for the foreseeable future IMO

especially considering how much ASTER is generating in fees of late i.e. it has generated the most fees of any crypto protocol in the last 24 hours, and i think the first time in ages a protocol will flip Tether in fees

i know a lot of users are participating in their campaigns and trying to farm the airdrop, but still...

the Lighter team has increased the cap on the number of people that can join the platform through my referral link:

https://app.lighter.xyz/trade/ETH?referral=RTUUPPK7382V

again, like previously, it is still capped at a limited number of users (they asked me not to disclose how many publicly)

i might also share the link publicly on my X page if the new cap isn't filled in 24 hours

if this is something that interests you, then it might be a good idea to move quickly

as i said earlier, this costs you absolutely nothing and is completely free while giving you the opportunity to use Lighter before it opens to the general public... which gives you an early headstart and advantage in farming their future airdrop

as always, important alpha and key opportunities get shared here in my journal first as i believe the people who are here are my core, most loyal followers

i think that's enough said about Lighter

i might have some more important, highly valuable updates coming soon. stay tuned!

my DMs has exploded with messages from people claiming that the Ligther invitation code is expired 😢️️️️️️

my apologies, it is actually my fault because i assumed that the old referral link was simply updated to allow more users, so i simply copied the same link in my new post

i just double checked in my lighter app and realized that the new referral link is different from the old one

here is the correct link below, and my apologies for putting you guys through the stress:

https://app.lighter.xyz/trade/ETH?referral=RTUUPPK7382V

if you want a direct referral code to share with friends, you can use this (until it expires, at least): 45E67X2SF4EB


i have also updated the old posts to reflect the new link

hopefully enough of you are able to get in this time around

looks like it's working now based on all the DMs i've been getting from the people that have used the new code 😅

i'm also amazed by the number of people that have signed up in less than 10 minutes 🤯

good luck to us all!

God willing we make bank on the Lighter airdrop when the release their token later 🙏️️️️️️

for context:

the new invite code has 4 times the cap of the first one

more people signed up using the new invite code in 10 minutes than did with the old one in several hours. crazy!!!

i really hope we all make bank on the Lighter airdrop

i'll also say this in advance: if you discovered Lighter through this journal, farm it properly, and get a decent airdrop when their token launches, please let me know as it's going to make me very happy. it will also be a good case study of the success stories coming from my private journal!

bears are running out of time to make their last push before we get into the glorious Q4 season IMO

time is running out to buy $USELESS around or below a $150 million market cap

soon this range will be history for good IMO

a lot of assets are down 20–40% in a span of 24 hours, heading into what is poised to be the most bullish quarter of the year — maybe even the cycle

yet many who were very excited about buying these assets days/weeks ago, when they were trading at 2x or more than where they are now, are all of a sudden very afraid to buy

dips are for buying IMO

Q4 is poised to be an incredibly bullish quarter

$USELESS continues to look good heading into Q4

$USELESS is already starting Q4 on a strong note 👀️️️️️️

it is currently the top gainer among all memecoins with a market cap greater than $100 million

and IMO the real move hasn't even started

when it starts, it is going to be swift and aggressive

i expect USELESS to make new ATHs and join the billion-dollar memecoin club in Q4

Q4 has started with a bang!

a lot of altcoins and memecoins are already starting to trend up aggressively

and i can understand why many would feel the pressure to dial up the leverage

after all, they've been hearing people scream for weeks now that Q4 will be massive for altcoins/memecoins and that October = Uptober

i think it is even more important to exercise caution here tbh

i want to be very clear that i'm talking about leverage

a lot of altcoins are dead cheap right now relative to where they will be trading in a few weeks if one buys spot. e.g. $USELESS, $BONK, $FLOKI, $FARTCOIN, $APEX, etc are just a few that come to mind

for these alts, i think one cannot go wrong buying around these levels on spot

leverage is an entirely different animal, however

i think we're going to go up aggressively on a lot of memecoins and altcoins this quarter, and i think the explosive rally is going to start in October

but careless, aggressive longers are going to get liquidated hard and lose their capital before the real uptrend starts

if i were to buy anything here, it would 95 out of 100 times be on spot instead of perps

if i were to use leverage, it would be super low leverage, mostly on assets that got aggressively oversold in recent days/weeks, and with a careful focus on my entry

i longed a bit of $FF as a bet on some DWF crime action

it is their own personal coin

and the main token of their Falcon stablecoin they partnered with the Trumps on i.e. have an investment from them on, i think

sitting around $200m

ATH was $700m on launch day a few days ago

plus it got listed on Binance, Upbit, and almost every other major CEX right off the bat on launch date

so i think we see some shenanigians on this one soon

just vibes btw, no inside info or anything

i want to be clear that this is a high risk trade with no underlying thesis besides expecting DWF Labs, one of the most popular (and notorious?) MMs in the space, to pump it up

it's not a high conviction trade, and i could close at any time

portion of profits will be rotated into $USELESS before its inevitable melt up to billions this quarter FWIW

NOTE: i opened this long on Lighter as it has good UX, 0 fees, solid liquidity, and a lot of pairs

several people have DM'd me to complain that my Lighter ref code from earlier has expired, so i got a new one for the team for those who couldn't get in earlier:

https://app.lighter.xyz/trade/ETH?referral=RTUUPPK7382V

many think the perps DEX trade is done

in reality, the leading perps DEX coins only cooled down a bit before making their next aggressive leg up

a lot of crypto participants have the attention span of a goldfish, and they're often hasty to call a top on parabolic assets after the slightest pullback

- $ASTER went from around $120m market cap to $3.8 billion in one week = a 3,200% rally
- $APEX went from around $0.23 to $2.7 in one week = a 1,000% rally

believe it or not, a pullback after such explosive rallies by both assets does not mean they've 'topped'

instead, it is a healthy and necessary process they need to go through before going explosively higher

perps DEXs are one of the best examples of crypto utility in action, with strong product-market fit

i don't think they're dying anytime soon

while Hyperliquid is the clear market leader at this point, the potential for Binance (Aster) and Bybit (Apex) to take a decent chunk of the pie should not be taken for granted

at this point, i believe there are three provable winners in the perps DEX trade:

- HYPE: $15.8 billion market cap
- ASTER: $2.7 billion market cap
- APEX: $200 million market cap

(Lighter is a very strong contender too fwiw; i didn’t include it because they don’t have a token i can trade yet)

the perps DEX industry is big enough to accommodate all three

i think R/R favors ASTER and APEX going much higher from here

i have yet to sell a single token from my ASTER and APEX bags, as i'm holding for higher targets

i also opened a fat APEX long on Lighter a few days ago and have used the dips that followed as a DCA opportunity to increase my position size and lower my average entry

NOTE: many messaged me to inform me that my Lighter referral link has expired. it seems the demand for this is crazy, so i requested a new link from their team: https://app.lighter.xyz/trade/ETH?referral=RTUUPPK7382V

interesting fact:

$CAKE ran from $70m market cap to $6.6 billion ATH in the span of a few months during BSC season last cycle

there were several pullbacks along the way during that run

many faded it over and over again and kept calling 'top' every time there was a pullback, instead of simply submitting to the trend

in a bull run, the wiser thing to do is to simply submit to the trend

of course the trend will get exhausted and the asset will 'top' at some point, but more often than not the rally goes on for much longer than many expect

$ASTER this cycle is like CAKE last cycle, except CZ is a lot more passionate about ASTER and way more influential

then you also have $APEX in the midst which is basically for Bybit what CAKE/ASTER was/is to Binance

the TLDR is that the perp DEX coins still have fuel to run

especially when you consider that Q4 is likely going to be the most explosive quarter of the cycle

there's going to be a lot of degenerate gambling and trading this cycle, and perps DEXs will be taking the lions share of the volume

APEX and ASTER are well positioned to benefit IMO

time is running out to buy $USELESS around or below a $200 million market cap

soon this range will be history for good IMO

$USELESS is consistently outperforming every other major memecoin since we got the recent leg up in crypto

many might look at this and think 'it has pumped'

but in reality USELESS is still down 50% from ATH

this is after it started as the most PvE run we've seen from a memecoin all year, when it ran from $4m to $440m market cap in 7 weeks while the trenches was dead for almost a year

in 10/10 percent of cases like this that i've witnessed, memecoins that emerge with this kind of strength in a similar atmosphere always hit multi-billions

PEPE and BONK were born in similar circumstances, and ATH for PEPE was $11 billion while BONK was $5 billion

i genuinely think many are sleeping on USELESS here and taking for granted how aggressively it is about to move this quarter

don't forget that i've been screaming this since last month when it was sub $150m market cap

congratulations to those of you who were able to get an entry then

for those of you sidelined, it's still VERY EARLY here with what's about to happen IMO

isn't it funny that the timeline grave dancing on memecoins exactly a week ago happened to be the bottom?

coincidentally, that also happened to be the local top for the hyped utility plays at the time

now that a lot of these utility coins have corrected aggressively, the same set of people are once again grave dancing on them

i added to my $APEX leverage long on Lighter earlier today and i'm now comfortably sized for this to double from here then go much higher

as i've said a few times recently, i do not think the perps DEX trade is done

while i expect memecoins to go more parabolic this quarter, i think memecoins and utility coins will pump simultaneously

don't overthink it

'be fearful when others are greedy, greedy when others are fearful'

- $ASTER
- $APEX
- $USELESS

all three assets are up double digit percentages today

we've had people grave dance every single one of these assets in the past week

and in every single case i simply bought/held and documented it in my journal here

all three are outperforming pretty much every other asset of note in their respective sectors today

and i expect the outperformance to continue or maybe even get more aggressive from here

more often than not, you'll outperform by simply countertrading the herd

my $APEX leverage long PnL is finally in the green

up $171,231 as at time of writing

my initial entry was around $2.15

APEX started 'crashing' shortly after my initial entry and went as low as $1.21 within a mere 48 hours of my initial position being opened, a massive 43% correction

instead of whining and complaining due to the massive pullback, i simply added more size and kept DCA'ing with every dip opportunity i get

my thesis was simple:

1. the perps DEX trade is not done
2. $200m or lower for the main Bybit perps DEX is undervalued, especially in a world where the Binance perps DEX (Aster) is trading at $3 billion+ and Hyperliquid is trading at $15 billion

it pretty much looked like free money to me, still does provided Bybit continues to push and support this as their main DEX

especially in the kind of environment we have for crypto/alts right now where things are looking like they're going to go parabolic any moment

ofc i'm still holding as my targets are much higher, just based on the pure fundamentals of this asset

NOTE: this shouldn't be confused with my spot $APEX holdings where i currently hold 7 figures worth of the asset. i'm yet to sell a single token of that as well!

this isn't my first crypto cycle, nor is it the second

i saw the $DOGE and $SHIB phenomenon play out right before my very eyes: from them going from little obscure memecoins to deca-billion-dollar memecoins worth more than 99% of companies in the world at their peak

i saw the $BONK explosion in its early days, then $PEPE, then $WIF, then $FARTCOIN

and the one thing they've all had in common is consistently strong volume very early on

USELESS has literally maintained its position as the third most-traded on-chain memecoin for four full months now, even during periods when the trenches or market as a whole are dead

USELESS has had periods in which it flipped TRUMP or FARTCOIN to become the #1 most traded memecoin on-chain

and even more interesting is the fact that it has maintained this top 3 position when literally NOTHING ELSE that launched from the trenches this year is in the TOP 10 when it comes to on-chain volume at least 80% of the time

this is strong sign of market demand, and whale and smart money activity, that is provably and consistently present that you just cannot deny

i've been very vocal about my conviction in USELESS being THE memecoin to outperform everything in Q4, well before we had this explosive Q4 rally that everyone is now raving about

everyone thinks my conviction is based on opium or delusion, but there's so much data underlying my conviction in USELESS being THE memecoin to watch out for from here on out

i put out a tweet that i think everyone should read:

https://x.com/theunipcs/status/1973785196353769689?s=19

and i really hope you are not sidelined if you are reading this journal!