Listing radar: PONS tags $0.44, then hands the pump back
A red day on Robinhood chain — OSF calls the pullback a buy and keeps his eyes on the 1x multiple
PONS on the listings-radar spike — pumped to ~$0.44 before selling straight back down
OSF's book is roughly 41-42% one token: a PONS position with a market value near $1.2M. He calls the dashboard his Bible — $1M-plus days, the treasury rebuilding for buybacks, 80% of protocol revenue going to buy and burn — and says if it prints a million a day for a week, it reprices. He won't add here at a 1.1x multiple; his reload zone is sub-$0.30 or a multiple back at 0.6-0.7x, the level he loaded last time. He concedes he sold most of his earlier stack lower — the token has done roughly 4x since — and that he could have trimmed near the ~$350M market-cap level, but the answer for now is to hold it and not overtrade it.
OSF's biggest meme-stock position is Boner, the HIMS pair — down on his original entry but doing roughly 14% of total HIMS volume, with a fat-coin-style media arc and a CEO acknowledgement away from going up 100%, he argues. He also bought CamelToe against Lululemon — Michael Burry is reportedly bullish, short interest is 11-12%, and earnings land the next day — plus Sailor Moon as levered MicroStrategy. The kicker is the long weekend: with equity-token LPs unable to refill by minting, thin pools can run aggressively, the Send Nudes template having gone from a $200K to a $5M market cap in a day.
A ~$4M market-cap microcap stock, Fami, got paired with a Robinhood-chain meme and a wall of liquidity — the tokenized stock trades at 0.83 on Robinhood versus 0.23 for the real thing. OSF walked the mechanics: winners exit into a $22M LP but get paid out denominated in Fami itself, whose bid side carries only ~$228K — so a quick 10x is a 10x you may not be able to monetize in size. The AMC version of the weekend trade left sellers facing a $7K pool, and he flagged the stock-manipulation risk as real. His verdict: very few people actually made money on it.
The one he kicks himself for passing: Memory Cow (the Micron pair), which he saw at a ~$2M market cap and skipped. His framework — memory names are down ~50%, so if Micron doubles, the dollar value of a Micron-denominated meme doubles and the coin becomes the leveraged way to play it. Same logic on MSTR, which he calls levered Bitcoin: from the low 80s to ~120 now, a squeeze to $200 is 'very easily' possible if Bitcoin rallies, which he expects into Q4.
A few weeks ago the top Robinhood-chain coin was CASHCAT at a ~$47M market cap; the leader is now ~$270M, and OSF's view is the platform's top token gets to at least $1B if Robinhood is genuinely part of this bull market — which the team's tweets and Vlad's backing convince him it is. Today's ~20%-style drawdown on a macro pullback — payrolls Friday, CPI next week — is, in his words, exactly the kind of red day buyers of risk should be adding into, not the stone-cold line of the correction.
Asked whether STONK looks cheap at a ~$20M market cap against PONS at ~$280M, OSF pushed back with the cash-flow frame: STONK did $1.2M in revenue over the last 30 days while PONS does about $1M a day — roughly a 30x revenue gap against a 23-24x valuation gap, before even weighting that PONS directs 80% of protocol revenue to buybacks. Today's numbers on the launch site: $131K daily revenue, $76K of buybacks, 3M STONK burned, $813K cumulative — real but roughly 10x below PONS. He called yesterday's $35M STONK market cap 'way too rich,' and treats the token as at best a beta or catch-up trade, not a value buy.
The Robinhood-chain trio he'd hold on size: AI, which he thinks benefits from activity and fees on the underlying (he's not fully read in yet), CASHCAT as the chain's OG meme, and PONS, which he calls 'by far the front runner' because its bid is mechanical — fees, revenue, buybacks — rather than narrative. He also runs other traders as signals: Hiten Gajaria (as-transcribed) pushing a pair map — AI for Nvidia, Boner for HIMS, Moo for Micron, a gold pair he thinks is 'Golden Goose' — and Eric (as-transcribed) showing up as a guest on the HIMS podcast tomorrow, part of why he bought Boner big. Still on his list: Ramsey's (as-transcribed), a Robinhood-chain-era name he hasn't researched yet, with a '33'-style ticker that gives him pause.