OSF sold just over 100K worth of PONS into the strength, cutting his stack from 5M to 3M tokens — still a roughly $400K position he plans to hold for the cycle. Today brought listings on KuCoin, Gate and Crypto.com; he calls those non-tier-one but a step toward the exchanges that actually create net demand (Coinbase, Binance, Upbit, Bithumb, OKX). He reads the absence of a sell-off on listing news as bullish: holders are in for revenue, not ticker events.
CASHCAT hit new highs at almost a $250M market cap after trading at $40–50M earlier this month — a 5x that OSF says was a hard trade to hold. He rotated his CASHCAT into PONS on the risk-reward, but calls it his second pick on Robinhood and still expects the chain's activity to persist through the cycle.
Stocks ripped on Nvidia's 8% gain — the capex story landed well for shareholders — but the read-through to memory was weak: Micron and SanDisk closed down in a strong tape while SK Hynix finished higher. OSF, long all three, is down 7–8% over five days but up 5% on the month and says the names are well off their highs, making this a punt zone rather than a risk zone. PCE printed 0.1% above consensus and was ignored; payrolls next Friday is the real trigger.
Crypto is ripping again: Bitcoin solidly above $80K, ETH above $2K, SOL up 5% — proper breakouts in his words. The ETH move is the one he cares about most: at $3–4K he expects Pepe, REKT and the established alts and memes to move aggressively. HYPE is at all-time highs on Hyperliquid.
OSF aped a Uniswap V4 hooks launchpad coin yesterday and sold it today for a 2–3K loss after running the numbers: ~$1.4K in lifetime revenues, ~0.2% of supply burned, and a ~$5M cap that makes the multiple silly versus PONS, which burned 15% in week one. He likes the mechanics — 0.3% protocol fee plus 0.3% of ETH-paired launch swaps accruing to buybacks and burns — but couldn't find the moat: PONS or any launchpad could bolt hooks on tomorrow. Would re-enter sub-$1M. On-screen name "Hookr" (as-transcribed "Hooker").
OSF added to a token he calls "double zero" — ticker "00", the reward token for the Ulys app (as-transcribed "Uless") built by the Voyager team — now a ~$45–50K position. It trades at a $6.5B cap with a $17.4B FDV, is barely discussed outside his group, and the X account has posted twice (Aug 16 launch, Aug 25 acquisition note), which he thinks is the bid. Voyager's VGX carried a $1.5B FDV in 2021 before 3AC's default took the firm down; he's writing up the token in the REKT Markets Discord.
Asked about Net, OSF passed: a 5% trading fee, stake-to-earn mechanics, and a prospectus he calls "clearly not simple." His rule is to trade only what he can explain — he lost money on OM because staking rewards were taxed at peak market value and the position collapsed after. He says he's never made money in staking/DeFi-style coins and keeps that entire category off the desk.
REKT Traders goes live Monday with rules and the game published in the REKT Markets Discord — plus a dry run in week one so players can get used to it. Mechanics: traders start with $100K, minimum leverage 2x that ratchets up per epoch until one trader is left standing; traits (nerves, aggression, greed, allegiance), hidden temper, and epithets like "feral + redline" shape behavior; a 20bps trading fee prevents degenerate churn. NFTs are auto-entered and never burned — the #42 trader was listed at 0.129 ETH on OpenSea, so sniping a top-ranked card is possible. Top desk right now is up 150%.