All the happenings on Solana, from NFT's to Defi to rugs. Compiled weekly to get you the information you need to understand the big picture.
Solana Weekly #55 - Down Wif The ETF
25:50What's up everybody, this is Thomas Bahamas and we're back with another episode of Solana Weekly. Not the week I expected, with talks of the beginning of the bull last week, ETF released, and the market reacts by viciously dumping. We'll dig into why that happened and what else we have going on in these times of acceleration on Solana.Sol Price: 86.12 - with a crash down to $78SolEth: .03891 with a crash down to .035SolBTC: .002167 with a crash below .00205.Overall market sentiment: you look at this last week and we went from over $100 Solana down over 20% and think that this must be a bad trend. My friends, we must simply zoom out. The etf was in fact a sell the news event. Presidential campaign: Biden has to pump the bags in order to get re-elected or put some sort of positive spin on his political party.To the happenings of the Solana market:Paypal releasing their stablecoin on Solana. I see huge potential here, almost like a way to back into using crypto through traditional rails. Think pay with paypal, but you use their stablecoin. Use those couple hundred dollars you have sitting on Venmo to send direct to your crypto wallet. You can do that with Eth now, but I’m suspecting that you can do this with Solana soon and this could be the start of something big.Drift releasing token/ pointsJupuary madness keeps going - mock jupTensor- nft perps or something like it. Sujiko warriors also launched from the same guy that launched the solana airdrop checker.NFTs - both misunderstood and undervalued per the man himself - loomdart:Helium just launched in Mexico with a huge partnership. Is this getting to mass scale? I think so.Meme coin’s aren’t going anywhere, I tried to fade most but i actually just think they are going to crush now. Some of my fav are the Stanley cup, bib, Wif - the dog has a hat.Bsktfi is something I’m kind of obsessed with right now as well, Solana, Eth, BTC and the latest meme tokens of Solana all backed in one token with insane farming incentives. Seems like a lot of chads are in it, still need to do more research, but I’m in.Wallet talk - Backpack has been putting in some work and it’s performance is excellent. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com
Solana Weekly #54 - Happy Jupuary
29:50What’s up everybody it’s Thomas Bahamas and you are here for another episode of Solana Weekly. It’s the bull market and we are in full swing with the Crypto Undeads hyping up the NFT market and selling out a 10k pfp instantly, sol is looking great, and yes Jupiter’s airdrop is on it’s way at the end of the month. We’ve got a lot to cover and it seems like Franklin Templeton with Trillions under management have hired an intern and have taken to pumping our bags on Twitter. I’m loving it and we’ll dig into all of these and see what we need to do to prep for this bull run. Sol Price - $101.78 up a small amount from last week, but not quite out of this consolidation. $140 is the short term target with not much in the way after that to $200. SOLETH - .04022 - kind of chopping here which is good, we’ll see this go up more. SOLBTC .00238 - not bad, not bad at all. The BTC ETF has been massive, tons of flows, some of it out of GBTC to other ETF’s but it’s something like 4.5 billion dollars worth of flows and all of this will be positive for our space in general. I’m hoping this leads to my ETHE pumping more and would love to unwind that position. Crypto undead NFT drop - 20 sol, down to 11, then we go to the absolute moon? Got me all excited, can't tell if it's a rug or a moon, the drop of tombstones wasn't cool, but I'm ready and my bags are packed. Either way I think this is getting some hype to NFT's on Solana and would love to see this go to the moon. New Solana phone! I aped the 2nd Solana phone, slightly cheaper, and maybe it will be slightly easier to use. Either way seeing how the first phone went I think it financially made sense and I want to keep supporting them. Even if it flops and we don't get 10k airdropped right away, it will be a great hardware wallet. Helium- added a new line, can't get over how good this is. Mockjup dropped and Jupuary is getting me all jacked up.Bull market prep-Sleep is still necessary. Health is still incredibly important, both physical and mental.Shiny objects go up and down.You don’t need to hit them all.Keep your high conviction and most your portfolio in those and keep them untouched. Set targets - whether that’s sell limit orders or alerts on trading view, have a plan and execute Cobies triangle.People always buy too quick on the way up and sell too slow on the way down. Take some profits. Couple % here and there. Life changing money - take it out, most people start acting very irrationally with access to too much $ so quickly. Chart your largest holdings vs Bitcoin not usdc. Curate good news inflow and actually do research if you’re going to put a good chunk into anything. Motives of people are to make money, bag shilling will be everywhere and will be tempting. Don’t click links - scams will get better. Froth at the top will feel like you can’t miss. You will never catch the exact pico top or bottom. Just get near it and you’re doing better than most. Understand your strengths and what got you here. It likely wasn’t high leveraged positions or wild meme coins, holding strong coins for a while usually does it, the rest is just distraction.All That is advice I’ve accumulated over the years and am hoping to take with me into battle. We have a massive opportunity on our hands and are still early. My plan is to stake and hold Sol, target is $400. Hold bonk until 10 billion mcap, probably won’t make this the whole way. Increase sol holdings through other sol tokens listed on Coinbase. Hold jito, hold jup. I’m probably going to not get too deep into NFTs, or at least try not to. Maybe some presales and I’m really looking at the Kanpai Pandas as a long term play. But I hold the Quekz, Famous Foxes, and few others I have. At the end of last year my tax guru said rather than tax lost harvest, just get rid of any NFTs you don’t want to hold. If you can’t sell them, burn them. This kind of changed my mind about the nft game and makes me just want to hold quality and not care about flipping as much. Please do reach out to the man Cryptotaxsux on Twitter if you also are confused with the state of reporting taxes. He saved me a ton of stress and does amazing work. Other than that looks like SMB Gen 2's are downbad, hit 70 sol and sitting around 75 right now with gen 3 at 7. I had a hilarious thought that gen 3 would flip gen 2. Not going to happen, but I bet the ratio goes up from 1-10 to something like 1-5. Think about it, you get all the perks of the gen 2's and none of the downside. You don't have to vote or see the gen 2 chat, it's 1/10th the cost, the team got fired, art is better, supply got reduced from 15k -10k, and you don't have a massive investment in the hands of a group of people that are working against themselves. Let’s have a good run here and get that bread. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com
Solana Weekly #53 - Happy BTC ETF Day, If You Celebrate
29:45What’s up everybody! This is Thomas Bahamas and you are here for another episode of Solana Weekly. Barry said it’s going to be a big week and is finally right, we are getting legitimized.Let’s take a look at how a BTC ETF will impact our bags, the btc price, the whole crypto ecosystem, and how we set ourselves up to benefit off of it.Sol Price - 97.13 and looking like it's ready to pop up.SolEth - .04 - slight dip here, Eth and Eth beta plays are catching a bid.SolBTC - .00209 - this is an interesting one because Sol was mimicking BTC's price action on these wild swings.What were the wild swings you ask? Well the freaking SEC's twitter account was hacked yesterday and they released that the BTC ETF was officially approved.Bonk of course is pumping - at .00001503 and I will simply smooth brain hold this longer thanSaga Phone continues to crush.Helium - again, this is seeming more and more like a no brainer to switch over to.Focus on the majors, as tempting as it is, I think this is the time to sit in spot and sit in majors. Coinbase convoSMB can't catch a break.Quekz floor is down, but the vibes haven't left, the whales simply hold, 250k treasury for parties, centered around fun. So I will keep holding.Airdrop Update:Jupiter will be the biggest of the year as far as wide distribution and total value.Margin is being overlooked, once they convert points to tokens we could see massive wealth effects. I've added significantly to my lending after thinking about this.Drift - contender for coming out with something massive. Kamino is dropping their points system soon, this could be big .Samo did an airdrop to Saga holders and made a tool to airdrop holders of the Genesis NFT token.My guess is after the Jup drop we see NFT's catch a raging pump and we unfortunately see a ton more memecoins go to the moon. I hope the usedcar and urmom coin go to the moon and we all make it. There's going to be so much opportunity and so much fun out there I can't wait. Let's get onchain and have some fun out there. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com
Solana Weekly #52 - New Year, New ATH Targets
30:10What’s up everybody! This is Thomas Bahamas and we are back for another episode of Solana Weekly! Let’s recap the major W that is 2023, talk about wins, talk about predictions, and talk about the strategies that are going to keep us winning. Sol price: 104.88 - we started the year around $10. Over a 10x for just holding.SolEth: .04560 - with .1 in sights and breaking it a reality. For reference, we started the year at .01.SolBTC - .002353 - started the year at .00055. We’ve been crushing.Year in reviewDca the ultimate strategy. Biggest wins for me - bonk, sol, quekz, gbtc to coin, jito, pyth.Plan for 2024 - hold sol, stake it, hold bonk.Saved Solana phone, we got another one on the way and yes they sold out. Bringing the 3rd option for the app marketplace onboard.Pumped helium - Helium - it pays for itself.Cosmos blowing up? Maybe, there’s always potential there, but it never goes anywhere.Btc as a tradfi toy.Rise of great traders that can talk sophisticatedly about what we’ve been talking about for the last year.Empire price predictions are wild. Looking at 600-700 Solana this year. We have Solana doing awesome things and delivering the best experience for anything crypto:Phone, phone service, maps, walking apps, NFTs, nft marketplaces, dog coins, dao’s, trading platforms including perps, staking, liquid staking, borrow/ lend, yield, airdrops, firedancer, new protocols with tiny spls, inscriptions, compression, wire dancer, tiny dancer. Yes there are other L1’s that are interesting, but none that are at the level that Solana is. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com
Solana Weekly #51- Hyped and Hacked
21:48What’s up everybody! This is Thomas Bahamas and we are back for another episode of Solana Weekly! Madness in the markets, liquidity is upon us. We got the Jito airdrop kicking off the market, and after recording we even got a Bonk on Coinbase announcement then dump? Not sure what that is about, but let’s dive into it.Sol - 65.61 with a pump up to 78 and a correction back down with the rest of the market. SolEth - .03152, still looking so good. Solbtc- .001667, still hanging on as well. Bonk at .0000116 and even though we pumped up to like 15, we are so optimistic. We had the Coinbase listing, we had a pump up and a full retrace. Think it’s worth looking at. Jito insanity - no way did i think we’d see it this high. Pumped to over $4. I got a wallet hacked.Jupiter airdrop is setting up to be wild. Prediction is that it opens up around a dollar and runs over 2. But we’ll see, different dynamic in this drop from Jupiter in the quantity of wallets. All you had to do was swap to qualify, where Jito rewarded holding. With all this airdrop talk, we gotta talk security. So all my cold storage had Jito sol in them. I had to connect to the site to claim. This made all my cold wallets hot wallets. Knowing this I did a bunch of rearranging and moved that jitoSol from these wallets. This is important because I was actually hacked.It happened, after 7 years of nothing and never really coming close, I got hacked. For a small amount. But I connected my saga phone to claim a drop from the us and it geo restricted that account. So I was asking for help in the discord and I got a dm and a solution. The solution was a hack and I fell for it. He impersonated a mod in the jito discord, had a solution of importing my seed( I know, stupid, it’s like the cardinal rule) into the Solflare web wallet and I did. He then stole the couple sol I left in the wallet. Helium is running 12 days of Christmas. Monkedao is running 24 days of Christmas. Rewards everywhere. Bonk is dropping more tokens on Christmas if you’re on the nice list! Think this might complete airdrops that were failed, so if you think you might have had one, check it out. Got airdropped some chonky coin and bought more, good meme.Hivemapper is absolutely sending right now. This is depin and mapping based off of cars. Saga- free, bonk drop over $350I sold my gen 2 SMB. I feel like it was time. Right after I sold it, it pumped haha. So I was close enough to where I bought and I just don’t have a use for it. I know in real life parties are great, I got kids man, I don’t care about the small mints right now either. I get all those with a gen 3 anyways. I don’t really care about voting and realized that even when I did care and vote it didn’t help. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com
Solana Weekly #50 - Early Bull Market Vibes
20:15What’s up everybody! This is Thomas Bahamas and we are back for another episode of Solana weekly! We are crushing it and it's a good time to be a Solana enjoyer. Sol Price: 62.60 itching up, looks like 69 is just a small pump away. $142 wen?SolEth: .02774 and the eth narrative is just struggling with their whole narrative lacking.SolBTC: .001425 - staying strong while Bitcoin shines.Bonk: .000007873Sol, Bonk, and Quekz - the perfect portfolio.The Charlie Munger legacy. Rip. Been max listening to interviews and lessons from him and god damn it was he the goat. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com
Solana Weekly #49 - IT'S HAPPENING!!!
11:21What’s up everyone this is Thomas Bahamas and you are here for another episode of Solana weekly. Solana - $60, that’s right we’re pumping. Topped out just under $70 and what did I call? 69 by 2024. It’s on the table. SolEth - crushing - .0296. Is .1 feasible?Solbtc - crushing - .0158Now we gotta talk about the market crushing. I’ve been doing this podcast for a year and we’ve been buying coins and pictures that have been mostly going down lol. What do we do here? We follow the trade and don’t get out too soon. High conviction trades working out? Push the trade. Airdrops!Pyth. Crushed.We’ve got Jupiter’s airdrop coming too and I think this is going to be massive. Jto - details released today, that’s right Jito dropping us coins baby.Airdrop checker - there’s an amazing tool out there to see if any of your wallets qualify, no only do they have additional airdrops I wasn’t aware of, but it look like they are adding new ones as they come up.https://solana-airdrop-checker.solworks.devThese drops are basically throwing gas on a fire, injecting liquidity into an already booming ecosystem. I’m so bullish.The ducks. The quekz. We’ve been talking about these for a year, and they’ve launched. Stay strong, follow your convictions, don’t panic and make sure that you’re doing what you can to make the best decisions with where we are at. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com
Solana Weekly #48 - Align With The Pump
23:10What’s up everyone this is Thomas Bahamas and you are here for another episode of Solana weekly. Here to breakdown what’s going on the evolving crypto ecosystem and figure out Solana’s place in it. Solana is making its mark in the space and rocketing up in price.Sol price: $42.68 Up 11.15%. We. Can’t. Stop. The. Pump. SolEth: .02263 Up endlessly and we hunt that .1 target.SolBtc: .0012 Up almost 8% on the week.Price talk- excellent.What does excellence in crypto look like?The main characters of the space are pretty much out of the spotlight or incarcerated.Moving passed ftx and Sam is going to the slammer.Node battle with eth. Solana $300/ a month vs Eth validator on a raspberry pi. Don’t really care.Or narrative battle with eth in general.Breakpoint aftermath, seems like everyone got covid.Sollinked won the huge competition.Degen dads actually minted through sollinked. A delightful experience overall. Send some cash and a description of what nft you want and get a sick custom pixelated nft in return. Couldn’t be happier.Armani and backpack exchange. Own the experience in one app.Bonk. BONK. BONK!!!!Not getting too caught up in narratives.Not over trading and overthinking the market.Duration trading - ensure you are looking at the long picture if you’re planning on holding for the long term.Jupiter - airdrop details, perps. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com
Solana Weekly #47 - Up Only!!!!
19:45We’re so back.What’s up everybody, this is Thomas Bahamas and you are here for another episode of Solana Weekly. Where it’s my job to find the biggest stories of the week and try to figure out the implications of what we’re seeing. We are seeing so much up only and I am having a great time. I would like to say that this episode is brought to you buy the massive pump of Bonk and the absolute chad holders at Quekz. Both are the quality assets we need and are the best examples of great projects on Solana. Sol price - 41.34 up mega, we are up 73% over the last month. Leading into breakpoint with news and releases dropping, combined with token drops and this thing is rocketing. SolEth - .023, up mega Solbtc - .0012 up! We passed previous resistance at .001 i was watching closely and boy we are not stopping. Well the theme of this episode has to address the overall upness of the market and just how pumped I am about it. Huge pumps everywhere, with Sol outperforming everything on the way up, holding higher levels, and the cherry on the top is Bonk pumping over 2x as well.It’s not ending. Yes there might be local tops and some pullbacks, but I think we are starting to the beginning of the bull run. The timing couldn’t be better, it’s token season on Solana combined with Breakpoint coming up and tons of really good protocols humming along. The protocols that I’m most excited about all have tokens coming as well.Jupiter, drift, jito, kamino, meteora, margin, magic Eden, goose, isc have all had pretty serious rumors about dropping tokens and I’m here for it. I think Sol holders and all of us that have been here for years should be rewarded. We are the community and bring value to these protocols. Spreading that would be the most crypto thing. This is how Ethereum has always won, they get their users rich and they never leave. I am here for it. Of course with all these great game changing protocols having really thought out drops, there are the memecoins with no thought as well. I’m seeing jeet, wen, and a whole slosh of other coins flood the market and why not. It’s fun, some of them do okay. But I think the trash tokens are actually highlighting the insane difference between a token and all that Bonk has done. Bonk is built different and with a great drop to the community and integrations with almost all protocols it is the heart of solana. It was there for us on our darkest days after ftx rugged. It dropped on Christmas and Solana was like $8 and sentiment was trash. It was going to 0. I was sitting at my in laws and laughing at bonk and branche dropped that bonk was launching in degen mints and I aped some because I thought it was funny. I bought more because it was fun. Burning your bonk was hilarious. This was the start but they have continued to build this whole year. Great marketing, fun, and tons of use cases are all on the back of this rally and it feels good. If you’re in nfts, pivot to defi. NFTs are doomed. Everything is down mega. I’m not sure when it stops. But I can say what has worked in the past is holding quality nfts that will do well. Maybe adding a couple more that are super bleeding. The only project excelling during these dark times are the Quekz! That’s right, our ducks are the best ducks. I got some sick merch, the holders are absolute chads and it’s going to 10 sol and wouldn’t be surprised to find it at 100 sol. No one sells. It’s funnier if you don’t. As far as other quality NFTs, I’d urge caution, but famous foxes look free, they have a ton of revenue and run time and aren’t going anywhere, smb gen 3 are free, Monkedao isn’t going anywhere either. Empire pod and 1000x is maybe the best pod to think about the crypto markets. One of the hosts Jonah trash talked Solana and got roasted. Then they had Toly on and hes pretty onboard with Solana. How to play the pump: keep an eye on SolBtc. I have the urge to take a little profits on the way up. But the left curve is to just stake and hold. i have most of my sol staked and will hold. But i will keep an eye on the price of solana vs Bitcoin. When it tops I will likely look at swapping over. Because when Bitcoin runs it runs. Updated from breakpoint:Armani and Tristan and the lads are releasing an exchange! A centralized exchange for the people. Super pumped, and they also released a mobile app. Next breakpoint is in Singapore. Fire dancer is officially on testnet and hitting 1 million tps! Eth teases solana speeds, while solana tests unheard of speeds. Pyth airdrop is live. Squads is releasing a wallet called fuse wallet that’s a multisig and super user friendly.AWS releases node runner.anyways sorry for the late episode, everything was pumping and I couldn’t even keep up with the news. It’s Halloween, get those pumpkins carved and enjoy some gains. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com
Solana Weekly #46 - Fake It To Make It
24:39What’s up everybody, this is Thomas Bahamas and you are here for another episode of Solana Weekly. Where it’s my job to find the biggest stories of the week and try to figure out the implications of what we’re seeing.As Barry Silbert used to say, it’s gonna be a big week. A big week because the SEC is not going to fight GBTC’s application to convert its trust to an ETF.Sol price: 23.72 up over 10% in the last week and outpacing Bitcoin. SolEth : .0151, up 8 percent on the week. Eth looking terrible, narratives are lacking.SolBtc up 4%. We like it. And I will dig into why.ETF Fake out on BTC and we all pump while the shorts get wiped.MetaMask down.Saga displaying pmf with a decentralized App Store built into the phone where Apple or google can’t sensor apps.Degen Dad's in the building, loving what they are doing. Seems like nft mints and presales are back? I’m unsure if they are profitable, but my guess is the front running of breakpoint and I’m excited for it.Cypher protocol coming in hot with an IDO next week. Excited to see how it goes. It was hacked, but could also be the start of defi 2.0.Sollinked.com - so freaking sick.https://app.sollinked.com/solanaweeklyDrop me a line on there and I’ll give you a shout out.Aperture Ai explanations on a block explorer.Flipside crypto- just started digging into this, but looks like a sick platform to analyze big data sets. I use looker a lot and will be using this more.Wash trading - stocks 1 month, crypto 0.Moral imperative to get the fcking money. I see staked sol, ducks and monkeys as the way to get the money.As always, thanks for joining in!-Thomas Bahamas This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com