Solana Weekly

What's up everybody, it's Thomas Bahamas and you are here for another episode of Solana Weekly where I break down the last week and make wild guesses at where we are going.

Solana: 140.40- down a bit.

SOLETH: .05388 - down a bit.

SOLBTC - .00235 - down a bit.

Overall take is choppy with Sol not quite holding it's own this week.

Unsure what the meta is at this point.

My prediction for what happens is that we are going to see majors fly with the increased liquidity from the fed cutting rates, this will also send the memecoins and select nft's will probably moon.

I think when it comes to NFT's I will continue to talk about the Quekz because I'm most comfortable with where they sit and the team behind it.

What's up everybody, it's Thomas Bahamas and you are here for another episode of Solana Weekly where we break down the last week and make 100% accurate predictions for where we are going. This is not financial advice, but I'm calling this the part of the cycle where we get bidding.

Solana - $146.90 - flat on the week, kind of lame, but better than down.

SOLETH - .05536 - down a bit from .06189, we'll be back.

SOLBTC - .0024685 - down a bit from .00264.

SOL.D - 3.33

Pump fun revenue continues - beating out Eth revenue again, generating insane amounts of revenue.

Meme coin saturation?

NFT's catch a bid.

Degods - the ultimate cult.

Crypto - the ultimate asset class?

Trump and Elon did a spaces and they didn't talk crypto at all, so it was worthless.

L2's seem to be coming to Solana whether we like it or not.

One month countdown to breakpoint and seems like easy money to long sol into breakpoint.

Quekz will be throwing a party, SMB's will be throwing a party, everyone somehow is willing to fly across the globe to join in.

Coinbase to release cbBTC which will likely be a better version of wrapped Bitcoin.

What's up everybody! It's Thomas Bahamas and you are here for another episode of Solana Weekly. Hope you made it through the week and didn't lose any coins or your mind.

Sol Price: $147.18 Down from 181.84, and a 19% decrease overall. Now this sure doesn't feel like it because we actually bottomed at 110 and almost 40% down from last week alone.

SOLETH: .06189 - ATH Baby!!

SOLBTC: .00264 - down a small amount. Bitcoin doing it's thing and not moving down as much on a sell off, but still managed to drop 20% and dipped under 50k for the first time since February of this year.

SOLD - 3.58, down a few percent.

Why we sold off:

Bad jobs data.

Bad Japan economy.

Jump selling all their crypto.

Rise of Kamala and anti crypto admin.

War in Israel/Iran.

New Solana meme dropped: the CIA created Solana.

What will it take for our NFT's to go up?

Ore is back in play with its V2 product.

What's up everybody! It's Thomas Bahamas and you are here for another episode of Solana Weekly. We've got a lot of excitement this week with the FOMC numbers coming out today and we are on the verge of a shift in monetary policy flipping from restrictive to cutting rates.

Sol Price: 181.84, up two dollars from last week, but we spiked above 190 and the strength that it's showing versus the market cannot be ignored.

SOLETH: .05486 - up a small amount from last week.

SOLBTC: .00273 up a bit, and if you look at the yearly we are testing highs on this pair. Insane when you think about it with all the momentum behind Bitcoin.

SOLD - 3.61 up from 3.5

Overall, Solana is looking strong from all the metrics that track as far as price goes and we are at usage levels that are just about all time high as well. Feels like Solana Summer to me.

Biggest price narratives:

Overall in the market it's still ETF's, elections, fed cutting rates, Solana usage and memecoins.

With that said, I actually still think that Solana benefits from an Eth breakout. Whether that's just more liquidity willing to go to risk assets, people watching the SolEth chart, or even the bet on Solana getting an ETF next.

Drip Haus feedback:

So much love, I would like to thank each an every one of you. will try to take things from first principles more often, thanks again Reeny.

Biggest news: Binance lawsuit the sec no longer calls Solana and other tokens securities.

Looks like the rates have been unchanged for the Month of July with September rate cuts being priced in at 90%.

Protocol wise, it doesn't seem like there have been any major releases other than the ability to short memecoins being released on Solend and Marginfi.

Our NFT's remain down, hold steady and harvest some tax losses if you can. I fight the urge to buy more quekz and a MadLad daily.

What's up everybody! It's Thomas Bahamas and you are here for another episode of Solana Weekly. Welcome to the party, welcome to the bull market, welcome to Solana summer! I hope that you are listening in through Drip.haus because this podcast is now officially hosted there.

Sol Price: 179.77 and on a tear

SOLETH: .05201- Up from .0428

SOLBTC: .0026790 - up from .00239

SOLD - 3.5 up from the low 3's.

Bitcoin has been getting violently dumped by the Germans in the billions, but they have unloaded the whole stack the BTC ETF buyers are buying hundreds of millions of dollars worth a day.

Quick check in on the year, we started out with Solana at ~100 and are up over 55% on the year.

If you want to do a little historical check, Jan 1 2023 we were at $10. So yea we've been eating the last 1.5 years.

Helium - crushing the depin narrative with over 100k subscribers to it's cell phone service plan.

Solana Economic Zone

Airdrop News:

Pump.fun revenue passing eth.

Baxus and Blinks

Jup releasing their active staking rewards - 60 million worth and going strong.

We had a small NFT pump, potential or an anomaly?

Blockchains and marketing.

Thank you all for joining in, hit me up with suggestions or any inquiries, dm's open on thomasbahamasfi.

Let's grab the bull by the horns and get that bag.

What’s up everybody, it’s Thomas Bahamas and you are here for episode number 75 of Solana Weekly. Big number because this is the amount of Dev’s falsely rumored to be working on Solana. In reality there are many multiples of that and we are in the midst of shipping season with tons of new major milestones being deployed, with the cherry on the top being our boys at VanEck dropping an ETF application. This is huge.

Sol Price: $133.79 - $147.50 - up up and away! Sitting on a 10% increase and will we go higher?

SOLETH: .03802 - .04283 up a casual 23.65%

SOLBTC: .0208 - .0023992 up 15.35%

Vaneck coming with the etf application.

Compression - zk compression directly on Solana.

Blinks - like frames on farcaster, but for f-ing everywhere.

Colosseum - Raised a 60 million dollar fund to invest in early Solana projects.

Jup - to burn $3 billion tokens.

Airdrops - is the meta dead?

NFT’s - still dead. I’ve been dca’ing Sol and bought a few more Quekz for the bag, seem undervalued and if I’m buying anything I’m buying Quekz.

Drip.haus - July 2nd we go live!!!!

What’s up everybody! It’s Thomas Bahamas and you’re here for another episode of Solana Weekly. Banger of a week, ups and downs, with mostly downs. 50 Cent just rugged us, DJT likely fake, Mother still pumping, and actual Solana devs will simply not stop shipping.

Chart of the week by the man, the myth Joe McCann:

Sol Price: $133.79

SOLETH: .03802

SOLBTC: .0208

Summary: all down, BTC hanging strong while it should be Eth’s party with the ETF news.

Breaking news: Compression on the entire state of Solana. Huge because now all costs on Solana, both compute and rent are going to be tiny. This was a huge bottleneck for developers and caused issues - think airdropping a million coins to different addresses used to cost something like 250k, now it’s down to 50.

Memecoin disaster - Shkreli, Tate, and Barron walk into a telegram chat.

Memecoins take a hit. Cabals, cto’s, breaking up of nft chats over them.

Lasting projects - what are the characteristics?

Moonwalk- let’s walk through this dip. Been getting 10k steps a day since it released and loving life. Stack this with working out 3-5 times a week and it’s fantastic.

Rwa’s - ondo released into drift as collateral, get 5% treasury yield on stables as you gamble.

Everyone’s an angel investor now.

Ansem sold 11 mill of wif.

Canada sol etf!

Sphere - live for on and off ramps to public and sick.

Ryan salame ex CEO of ftx warning that backpack has shitty lawyers?

What’s up everyone, it’s Thomas Bahamas and you are here for another episode of Solana Weekly!

We got another banger of a week with so much going on it's going to be hard to condense it all.

Sol price - 148.48 with a 13% drop on the week and the dreading feeling that it's all over. It's not.

SolEth - .04225- down 6%

Solbtc - .00221 - down 8%, honestly I thought this was going to be worse.

Sold - 2.8 %

Solflate pod - listened on Drip, it's sick and I'm looking to join in.

Drip - crushing, creators and collectors colliding on a beautiful Solana protocol.

Sphere - based team in the payment space.

Fuse - early beta released to the public and slick af. Smart wallet, literally stop keeping your funds in hot wallets and get this wallet.

Solana 1.18.15 released and updated - transactions be landing, and increasing the priority fee is now increasing your odds of landing a transactions. Fees are rolling.

Celebs - thinking about a naval quote where you want to be rich and unknown, not famous and poor.

Could it actually be the solution?

Maybe. The problem is that it sure doesn't act that way yet.

Iggy is likely 1 in a million in that she is working for her freaking bags every day non stop.

I haven't seen another one that is that compelling, but it brings forward an example of showing what can be done.

Ansem has turned into a Celebrity himself at this point, he's basically advising/dunking with these new guys launching coins.

Going to finish it off with a little Charlie Munger style thought.

A what not to do at this point in the cycle, invert the good advice.

Premise: I don't think the cycle is over and this is a pullback, if you think otherwise, stop here.

At this point, we've corrected down 25+% and a lot of meme coins have been hit way harder. A recipe for disaster is to sell all your coins to dollars to buy back lower. Watching charts 24/7, waiting for the right support to buy back on. Trying to leverage trade this either way right now will chop you up. Not paying attention to your health will hurt you. Not having a few Limit orders at lower prices in case we do hit a lower price. Not having conviction in your big bags for the long term. Not having some money on the side and depending on the income you make from short term moves is a sure way to misery. Following the trend of stimulants and tobacco will take years off your life. Losing sleep will make you miserable. Not eating well will take its toll. Not having a stable home life will make it much harder. We need a solid base, we need to keep our minds clear, out of the 5 minute chart, and have confidence in your analysis. Have big bets, if the big market structure changes and we go to 0 have a plan.

What’s up everyone, it’s Thomas Bahamas and you are here for another episode of Solana Weekly!

We got another banger of a week with appearances from Roaring Kitty on the way to making a billion, Jim Cramer shilling a Bonk ETF, to Iggy getting called out by Vitalik and Hayden only to dunk on them. Amazing, I’m loving it and it’s a great time to be a crypto enjoyer.

Sol price - 171 - Dumped to 160 after I recorded. (my apologies for marking the dump.)

SolEth - .04483 - flat

Solbtc - .0024 - down a bit.

Sold - 3.06

Bonk mentioned! Jim Cramer calls for a bonk etf with Gary Gensler on live television. Simply amazing.

Wormhole staking - EVM

Roaring kitty comes back and makes a billy.

Jobs numbers a sham.

Cloud - Sanctum has released their plan for their token and I’m jacked up.

Coinbase - stock flying, released a smart wallet. Kind of has it all going for it.

Robinhood - buying Bitstamp and probably going all in crypto soon.

Trump - recently came out that if trump gets elected expect btc at 150k. Okay, vote acquired.

Look, infrastructure aside, sol dominates the culture at this point. This is going to get out of hand and I’m here for it.

As our man Raoul Pal once said, don’t f this up.

What's up everybody, it's Thomas Bahamas and you are here for another episode of Solana Weekly!

We got another banger of a week from MT Gox moving Billions in Bitcoin and scaring the boomers to Caitlyn Jenner and Iggy Azalea dropping projects on Solana.

Prices:

Solana: 169.99

SolETH - .045

SolBTC.- .00251

SOL.D: 3.16 - Sol Dominance, what this 3x.

Bonk hitting a new ATH

LayerZero officially live on Solana

PayPal PYUSD is Live on Solana!

Iggy Azalea is a turbo Sol bull

Caitlyn Jenner launched a coin

Trump has doubled down on his pro crypto stance and has said that he will pardon the legend Ross Ulbicht

Top themes I'm interested in:

Creators platforms:

Onboarding people:

Wallet best practices

The strength of shitposts, silly side of crypto.

Onchain trading and the state of it currently.

Jup's grand vision - bringing everything on chain.

Regulatory stuff - it's crazy to keep up with all the lessening of regulations.

Onramp/ offramp stuff.

What it would take to bring NFT's back.

Macro