Solana Weekly

Price talk: 2x’d this week, 3x from bottom baby.

SolEth doubled to .0142 - we love to see it. Explanation of why we care.

Bonkz- fomo is real, reveal early next week, the art has been fire.

Smol Coin - dream big, think smol, total supply: 1.

Sharky.Fi Review of first week using. 2 loans paid back early, 1 big one soon?

Dialect out, great for a morning GM.

Toly says no fees for the robots.

Lollipop Burns his Brero Monke?

Crypto Duck Punks talk - sweep and burn baby.

Shoe Ventures - weird presence in the space, botch a bonk drop to their project?

Bullish on Polygon even though they aren’t acting in good faith, it will rise all tides and we gotta chase the liquidity and dump on those bozos.

Solana = Fun Chain confirmed.

Thank you for joining me in the Bahamas, this is Thomas.

GM, GM all! We’re riding the high from last week and getting noticed. Huge mint yesterday of BONKz, crazy performance out of Solana, crazy amounts of volume, and I’m loving it all. I would say the best part of this was that the market stayed relatively flat as a whole, but Solana caught a bid and wicked from mid $13 to mid $16 in a heartbeat. We’ve had crazy rain and flooding in California, but Solana is saying hold my beer and making it rain harder.

Current price we mellowed out at $16 after hitting a high of $17.34, and I’m hearing this being described as a continuation to the short squeeze. It’s the most interesting sector of the crypto market, and everyone is paying attention to it because this has been such a big move. I think this comes down to traders chasing volatility and with no easy trades or setups, attention goes to where volatility is. Come for the volatility, stay for the vibes? They damn well should, the vibes have been great. Bonk airdrop continues to have people integrating Bonk and figuring out fun ways to burn it and drop the supply. Meme coins are all over the place with Fronk showing up and the disgraced DeGods trying to meme it into a thing. Spoiler: they didn’t and it dumped to 0. I just think they did a really good job getting the community together. I’m still sitting here waiting on that Bonk drop for quite a few projects, but not sweating it. Nom if you hear this, us whales at Crypto Duck Punkz are willing to burn a quek or two when we get the drop, please sir.

SolEth is getting a little recovery with this as well, hitting up to .012

Topics:

BONKz - hyped drop. Mint in Bonk, burn that bonk, get yourself some sick art from some 1/1 artists that Bonk. It’s a beautiful thing. We’ve got Degen Poet, John Le, Basket from Basket Fellas and more that came together under the OmniCollective that is connected to the Gods (formerly known as the SolGods.) I had whitelist because I’m holding that bonk, but so did over 100k others lol. So it was shitshow. It was launched on Magic Eden and we got some thoughts on that marketplace we’ll get to. I spammed transactions from my phone and my browser for the whole 25 minutes it took to mint the project out and only got 1. I called this a Solana stress test and we won boys, pack it up bears.

Magic Eden was the launchpad, they used their “open sourced” smart contracts to launch these on that protect their royalties. They also made it so that I couldn’t mint and the one I did mint I couldn’t send between wallets. This is not the answer. It’s such a shame that a community driven project like Bonk is getting represented with a potentially sick NFT project, but it’s basically not your NFT. It can only be traded or sent through Magic Eden at this point. It’s terrible. I get that artists need royalties, but this just feels terrible. The best part? That the 4% royalties are going to a project that has no team, dao, discord or anything. So they are going to burn 2% and the rest goes to a fund. Not great.

Backpack and privacy- Solana wallet from Armani, multiple accounts being inside the wallet that you can keep somewhat separate.

Implications of safety when we get our Solana Phone’s and how Backpack will be leading this charge.

Google cloud buying millions of Solana? Maybe, sources? I made it up and read a tweet from a rando named Marty Party.

Defi is pumping - Kamino and Orca pools for Bonk are almost maxed out again and TVL is getting pumped up. It’s decided, defi is so f ing back. I’ve been getting more and more interested in NFT defi. I’m in on Frakt. I’m staking a Frakt NFT, hold some tokens, and I’m lending SOL for like 20% in one of their pools. It’s great and it’s an interesting use case for NFT’s that’s creating liquidity for people needing it, and generating yield on Sol. I’ve also been dabbling in Sharkyfi, and it’s great. I used to hate it and dumped my sharks after seeing their terrible web page. But you can get passed it and get some killer deals. You can make short term loans to holders of NFT’s at 40-60% of the loan to the value of the floor of the NFT, and get interest in the range of 100-240%. So you either get interest and your Sol back, or you get interest and the NFT back at a fat discount if they liquidate. I like it.

My man Lolli who has been absolutely destroying the Bonk moves put out a manifesto this morning that I want to finish with. A community take over of sorts of the Solana blockchain moving from the economic incentives of the Solana Foundation to shift it towards the community being the focus with social consensus. It’s insane, but also maybe a little brilliant. We washed out all the worst actors, grifters, and sociopaths, why not put a community standard in place? Rather than just follow along with a foundation like the Ethereum community, why don’t we push for something radical? I like it, it’s almost like building a DAO to help with the direction of the future of Solana. I would say that Toly is pretty hands off with this part actually, he’s not pushing narratives, he’s solving problems and enabling economic activity. This could be the part that takes us passed just another fast blockchain into a movement.

Dream bigger my friends and let’s see where we can go. That’s why we chose Solana, and the big swings are starting to pay off. I’m hoping we can keep these levels and the excitement going. Until next week my friends, this is Thomas Bahamas and you’ve just listened to the 9th edition of SOLANA WEEKLYYYY!.

GM,GM the market has shifted, the sentiment is so positive and I’m having a blast. We’ve got another huge week and I’m having a hard time taking my eyes off the Bonk chart long enough to make this 8th episode drop. I’m going to get into how we almost doubled the price of Solana, saw insane volume in NFT’s and how a meme coin gave a community something to rally behind.

Price of Solana: From $8 to $13.50, huge. Last episode I was shaking in my boots and sticking to my guns. I bought more and I now feel like a genius.

Interestingly enough a tweet from Vitalik talking about the Solana team’s developers marked the bottom. He had heard that the teams are solid, and hoped the best for them or something along those lines. From there we saw an uptick and the Billions that were shorting Sol ended up getting squeezed out.

Then we had the airdrop of BONK! This through gasoline on the short squeeze and we wicked to over $14. People are trashing Bonk, because it’s all over the timeline, it’s loud, we’re euphoric. But let us have this, we’ve been in Solana for a while and just went down like 96%. This was a community token, airdropped to the Solana Devs, NFT holders of top projects, and dropped with spectacular memes. This brought so much liquidity and fun I can’t stop talking about it. My wife hates it. But what needs to be said is that rewarding everyone that’s been in the community should be celebrated, this was done with good intentions from a solid team of 22 OG’s. They aren’t “Boogles dumping on us” they are a team of legends that pulled off one of the best airdrops yet.

Degods allocation of bonk got straight burnt today, it was something like $600k worth.

Defi is pumping, Orca lp is going insane over 999% apy right now. I put in a tiny amount and got 10% returns on my investment in a day.

The best part is that the airdrops aren’t even done yet. There’s currently over 90,000 active wallets that have traded or held Bonk, with a ton of new wallets being opened since the drop. So people are actually in profit, on an SPL token on the Solana blockchain.

I don’t know where we go from here, I sold some and I’m holding onto my bag for a while. It’s just fun, I believe in it even though it’s so hard to just blindly hold.

Good tokenomics, good team, good goal, fun, good memes, I took some profit, now I’m going to 50 iq it and hold a bag.

Art update meta - Monkettes the SMB deriv is getting a facelift and a supply squeeze. Burn one Monkette to upgrade another that’s designed by a sick @marculinopng Monkette. If that name sounds familiar it’s because he designed the dude on the artwork for this pod. He’s super talented and I’m pumped that he’s getting recognized.

The Transdimensional Famous Foxes of Famous Fox Federation will also be getting an art upgrade by the talented Zen0, which will be sick. I’ve been saying I like the tff’s more than the fffs and now with these upgrades it’s coming true, and these will be epic.

I called him Zen0MMM on the pod, my apologies sir.

All NFT’s have been pumping, volume off the hook. People coming to Solana for bonk, taking profits and buying nft’s. Let’s keep it up and have some fun, celebrate people taking profit, and try to not fomo in at the top.

Echo chambers. The serious lack of energy in the R/Solana channel in Reddit. The terrible Wikipedia page that it had, and basically how we are stuck in what I call the Echo Chamber problem. We see all the latest news, we know what’s real fud and and what’s problematic, but if you’re trying to DYOR and Google search Solana or look on Youtube, you’re probably walking away from the ecosystem.

This isn’t just a Solana problem, it speaks to the current system of the loudest people getting the most play everywhere. We scoff at SEO and catchy headlines, but they seem to run the show.

To be honest, this is one of the major reasons I created the podcast. Give a digestible information drop on big picture items, what’s going on in the ecosystem, and try to use a long term view of things. I’m not a trader, I just love using Solana, love the community, think that NFT’s are some of the most exciting expression of the combination of art, business, software, technology, DAO’s and pushing all of these to their absolute limit.

I hope that comes across and I hope that you got something out of this. Feel free to reach out or leave me a review on the pod to let me know how I’m doing.

Sol price wicked to $8.00, sitting at $8.38, from about 12 earlier in the week. Not great. Big tanking energy right now.

SolEth headed off a Cliff at .007.

Economy as a whole is on the fritz. Tech is down bad. Crypto is down bad, btc, eth, down bad. So yes Solana is also down bad. But it’s down more than other’s due to the narrative being absolutely nuked. FTX, Multicoin, 3AC, numerous defi hacks, a wallet drainer. What do we do? At this point, I’m just holding and looking for spots to buy in for some more.

Degods and y00tz to Eth and Polygon.

Polygon’s bd strategy of paying to play.

Solana Monkey Business is voting to change up leadership. Shrink the board and get Nom in as the CEO. Pumped about it.

Bonk! I freakin Called it. Airdrops to communities bringing the whole Sol economy together. Shoe Ventures coming through with some fun in this bear market and giving us something to cheer for. There were hints in the Crypto Duck Punks Dao.

Projects I checked out: Ottr finance - kind of like a Venmo for Solana. I deposited some USDC and sent to my wallet. Love seeing super easy ways to on-ramp and these type of projects are awesome. I found a bug that was crashing the app, tweeted out, and they had a fix out in like an hour. So id say that’s a pretty solid team.

Read a great thread on the possibilities of Helium’s move to Solana. Decentralized internet coming to Solana! Pair it with the phone coming out early next year and you have a fully operational hardware stack for the internet.

Jim Cramer, that’s right, that Jim Cramer, said that only idiots are holding Solana. He’s taking everything I’m working for. But for real, I’ve said this before and I’ll say it again, this guy is like crack to boomer’s and

Finish on resiliency. High risk, high reward, we are seeing the other side of the risk right now.

It’s tough. People are losing serious amounts of money. I am not overinvested but it takes a toll to be down so much. So anyways I feel for anyone out there and my dm’s are open for anyone needing some positivity.

Props on the artwork for this pod, from the DudeDao, @marculinopng on Twitter.

Gm, Gm all!

It’s a bear market, fud is all around us, crypto market is down, Solana is down, NFT’s are mostly sideways, but still tons to go over. I’ve been debating the idea of how we move the space forward and have actually come around to the Web 3 narrative and think we should all get behind it. Why? It rebrands crypto, gives a much more positive connotation and also puts together all these different factions of crypto communities giving us one big central idea to push.

All the different communities and coins and protocols are too much and the infighting does nothing. I normally cover what’s the biggest fud, and it’s the internal fighting. It’s Eth vs BTC, it’s Eth vs Sol, it’s Solana NFT projects bickering about royalties. It’s actually the biggest users and biggest bulls that aren’t doing themselves any favors. I think a lot of these discussions aren’t meant for the public and are boring af. A lot of this is arguing about the wires that power the internet, not the beautiful applications of the innovation that we can cheer on.

I don’t know how we go about changing this, but we gotta start with ourselves and choosing positivity over fud. Solana is a positive add to the web 3 space, and we need to be promoting digital assets that are fun and can be wholly owned and secured.

* Solana Price - We’re sitting at $12.19, we had a high of $14.70 and dumped to $11.70. The crazy part about this is that I can’t even tell you why. It got scary on the lows, we recovered, but you know everyone is out there calling for sub $10.

* Sol/Eth - nothing burger - sitting at .0100, still down bad.

* NFT News - Mara’s minted out yesterday, strong community and dope art from Near, Knittables are minting today and it looks like they are having some issues with the mint page being down. I gotta bring up the Trump drop. He dropped his trading cards and it was a smash. On Polygon. 45,000 individual pieces and they 10x’d before dropping. How do you bring about mass adoption? Bring in the niche communities and show them they can make money. Maga hit a 10x. They are a powerful community with 45 million votes for Trump as president. A former president (whether you like him and his politics aside) launched an NFT project and you’re not bullish on the space? Come on! The way it was done was smart, it was a digital trading collectible. Easy to digest, pay $99, use a credit card if you want, and you get a digital card. Whether they will be able to actually find their wallet is yet to be determined. This proves that the more that we can simplify the wording, narrative, process, the better off we are. Growth is growth.

* Defi news - Drift Protocol version 2 is live to everyone. I tested it out and it’s clean AF. I think we need more of these and hope to see them succeed. I also got red pilled on Lifinity and their Flare NFT project as well as their defi protocol. I love everything about this, lock up your NFT for 6 months, earn yourself some tokens, lock those tokens, earn more. Also while you do that you are earning some of the revenue of the defi protocol. So it’s not actually a ponzi, it’s distributing profits. The team seems solid, community has been super welcoming. I also have to bring up some conversations that Toly has been having. He’s been advocating for building out a CEX on Solana. I don’t really know how this would work, but the idea would be something like a centralized organization having all reserves and addresses on chain so that you never have another FTX. I could see this being huge because the centralized experience is generally so much better. I watch Toly’s Twitter debates like an avid sports fan that doesn’t fully understand the sport, like it’s rugby or something but it’s my college so I’m rooting regardless. One of the main guys at Orca actually chimed in saying this is something they will do. Bullish. I tried pinging him in MonkeDao’s Defi channel in Discord but haven’t heard anything back. They also discussed this on the Unchained Podcast in the Episode with Cobie and Chris Burniske.

* The quicky of the current thing - Trump, Polygon, multichain, L1’s even profitable, NFT smart contracts being open sourced or siloed to Magic Eden, bear market, Bitcoin development, boredom, DCA.

* Best FUD - I think that everyone’s fudding, but everyone is just downbad. I think the biggest fud is people leaving the space because it’s just not as fun. We’re going to be down for a while, find some areas you can contribute to and add something positive. Or just DCA and work.

Another thing I’ve been thinking about is how I’m going to actually use the Solana Phone. They start shipping Q1 and I’m an iPhone guy. I’m ready to upgrade my phone and debating getting a new iPhone or just going 100% Solana. I’ll probably keep the iPhone because I don’t want to have those green messages in the group chat and ruin it for everyone when someone likes a post. But we’ll see.

Anyways, this is Thomas Bahamas bringing you an okay recap of the week in Solana.

Gm, Gm to all! I’ve been thinking about the structure of this and how dumb it is. I think I need to create a good landing page and condense the Podcast with the post. So here it is. I’m also scrapping that intro song because I don’t want to many people to listen to this just for my sing along to having Sol but not being a soldier.

I’m also debating writing a script versus having a list of topics and just riffing on them. The whole idea being this is to get better at speaking, and improve at it. Reading and adding a line or two after each part of the script is kind of like how Trump used to do speeches and it’s kind of lame.

I think improving my communication through having to think on the spot and just riffing might be a better challenge and something I absolutely improve on.

Another benefit I’ve been seeing from this is I get to see just how good or bad my thinking is by listening through it. If I’m trying to piece together important information on a weekly basis and I have a hard time seeing through why the team at Crypto Duck Punks aren’t pumping it, maybe I need to refocus my lens.

With that, let’s ride.

* Solana Price - We’re sitting at $13.76, dumped under 13 and pumped with the rest of the market to over $14 before settling down.

* Sol/Eth - nothing burger - sitting at .01038, moving similarly, wen decouple.

* NFT News - Toys R Us, yes that Toys R Us dropped an NFT. Huge news, cool that they dropped on Solana. Minted at 7, they revealed and they are uninspiring giraffes.

* Defi news - protocols opening up, total value locked in these protocols is small though. Heard a good theory that Alameda was actually a good thing for defi because they brought liquidity and prevented other wales from moving markets easily. So we would be more of sitting ducks.

* The quicky of the current thing - Sam Bankman-Fried arrested, DeGods praised in an article by The Block for positivity in the Sol NFT ecosystem despite token price dumping, small pump this morning from favorable CPI numbers, Polygon hate still here, Binance now facing a bank run with everyone removing funds and they had to halt withdrawals, GBTC discount is at 50% and Grayscale/DCG blowup is looming, FTX hearing ongoing now, SBF was to testify but that fool is locked up, Elon keeps changing things up on Twitter, people are wising up to using hardware wallets, BTC maxi’s are feeling emboldened by some crypto doom, Eth L2’s are heating up and Arbitrum seems like the most interesting one with GMX being a delight to use.

* Best FUD - nothing really new here, just continued positivity and data coming out on Solana with good communication from the top.

* Topics I riff on:

* The roll of Personal finance in Crypto. What’s responsible vs irresponsible?

* Value of pump n dumpers in NFT’s. Presale, Whitelist meta and thinking of them as hired marketers.

* Conspiracy theory for Crypto Duck Punkz and the Bonk dog coin dropping.

* Building your own echo chamber to make the algorithm's your b***h.

* Lastly Red Panda Squad is derugging today and by respawning them on a different contract they own. The project was compromised by an anon dev who had the private keys to the project. So they flagged it on Magic Eden and it almost went to zero. I would say they weren’t the best communicators, weren’t clear that they f’d up, but it’s what got me pumped about nft’s and communities so they are back.

Appreciate your time, and let me know what you think.

Thomas Bahamas (not in the Bahamas)

I also meant to talk about Samo Coin and dog coins on Solana. Shout out to all the dogs out there.

We do a little review of price, Polygon, Defi, NFT’s, I make a joke, and if you read this you’re going to make it. Drop a Solana addy in the comments and I’ll send you some Samo’s.