UP Markets: 400% and Now Powering the Stonkbros Exchange Layer
UP's 400% move on a tiny float — the chart he was looking at when he told the story.
UP is up 400% after news it will power the exchange layer for STONKBROKER — graduates route to UP Markets instead of Uniswap. OSF tried to swap ~$10K of PONS into it last night; the tx failed, he went to bed, and woke up 3x higher. A $7M float against a ~$200M FDV means the float dilutes as rewards pay out. He passed on buying: volume and revenues are low vs PONS, and only 60% of fees go to buyback (PONS: 80%).
Stonk.fun on Solana: Novel, But Not for Him
The Stonk.fun market he inspected before passing.
A launchpad that pairs anything with anything — including Butthole, paired with Anthropic stock because the logo resembles a butthole. OSF calls it novel but thin: low volume, low revenues vs PONS, and a lower 60% buyback. He remains off Solana entirely: saturated, FOMO-driven, and less edge than the Robinhood chain where his community sits.
Cat Wars: The One That Got Away
One Cat on PONS — the launch he let slide.
One Cat — flagged to him by Tabs — he skipped because he didn't want to touch memes: 'I really should have bought this.' He's a Boss Cat maxi, not a cat maxi, but supports every coin on PONS, including One Cat's launch. His own cat pick, Boss Cat, remains the bag.
Chowder: The Swap He Regrets
The pair he compared on stream.
Rotating out of PONS into Chowder cost him: Chowder dropped 50% while PONS rallied 3x from the same point. He used it as a lesson on chasing the daily runner instead of holding the conviction position.
Brecht: The Quiet Build
Whatever was on the projector during the Brecht tease.
More buybacks coming 'this week when the WAP funds come into crypto.' He's at ideation on an RWA-flavored project (V4 hooks, NFTs, an art angle), has a 'PD5' prototype, and is hunting whoever holds the wallet keys to get it trading on OpenSea. A bigger build went into Claude today — 'if it pulls off, very cool.'
The Book: Short Vol, Light Risk
His options book on stream.
Covered Nebius and Micron puts ahead of earnings. Still riding Sandisk puts — sold around $22 Friday, now ~$5, a massive vol crush; $4.4K premium taken, $3.4K unrealized, maybe $1K left over 10 days. Small IMD punt, eyeing EBS earnings Wednesday.
