Gm Degens,

Strap in for a day that went from "To the moon!" to "Oh no!" faster than you can liquidate a leveraged position. 🎢

While we all have been expecting the comeback of memes after the previous market pump – surprisingly no migration was there to Pump.fun.

There’s more to ‘pump out’ today.

Here’s a short overview 👇

🚀 Bitcoin Drops 10%, Ethereum Bleeds, Solana in Shambles

🔄 FTX/Alameda Unstakes $431M SOL, Spreads Across 12 Wallets

✨ Justin Sun Buys $75M TRUMP Coin, SEC Case Mysteriously Paused 

🕵️ MetaMask goes from “No current token”  to “no token”

🚨 PumpFun downfall continues: Only One Token above $500M Mcap

💰 Mexican Billionaire Ricardo Salinas Goes 70% Bitcoin, Zero Bonds

🚀 ZORA Token: The Creator Economy Enters Crypto

Bitcoin plummeted nearly 10%, dragging the entire crypto market into the red zone. 

Yesterday's euphoric Strategic Reserve announcement? Looks like it came with a massive hangover.

🚨 By the numbers:

We're going from $95K dreams to $84K nightmares in a day. 

Looks like, strategic reserves need more… “strategy”.

Just a post on X won’t cut it for sustainability.

Degens should wait for more policy clarity, hopefully we will get some on March 7 till then don’t give it in to volatility and FOMO buys and panic sells

FTX and Alameda just unstaked 3.03M Solana (SOL) – worth a casual $431M – and let’s just say the market felt it.

SOL’s price dropped 19.5% in the last 24 hours, now chilling at $135.69. 😬

The unstaked SOL got sent to 37 different wallets, with one wallet alone hoarding 892,800 SOL ($128M).

12 other addresses received over $10M each.

Not a one-time thing – FTX/Alameda have been unstaking chunks of SOL every month since Nov 2023 (like clockwork, between the 12th-15th).

FTX and Alameda just unstaked 3.03M SOL ($431.3M) and sent it across multiple wallets.

This kind of movement usually sparks sell-off fears, but it doesn’t always mean immediate dumping. 

Could they be redistributing funds, OTC selling, or gearing up for a major move? 🤔 Stay tuned.

Justin Sun just made a $75 million bet on TRUMP coin, and right after that, the SEC suddenly paused its civil fraud case against him.

Convenient timing? Definitely raises suspicion. 🔍 

Quick recap – back in March 2023, the SEC went after Sun for manipulating TRX trades, allegedly raking in $31 million.

Now, with the case on hold, questions are flying: Is this just a legal pause, or is something bigger happening behind the scenes⁉️

Sun's Alleged Shenanigans:

📈 Fake Volume Pumping: Allegedly made his tokens (Tronix & BitTorrent) look hotter than they actually were.

😎 Celebrity Endorsement: Paid celebs (hi, Lindsay Lohan 👋) to hype his coins without telling the world it was sponsored content.​

Crypto + Politics = 🔥 drama.

Buckle up, this one's far from over.

MetaMask just made a tiny tweak to post – but in the trenches, small changes mean big speculation. 

Their old post said, “There is CURRENTLY no MetaMask token.”

Now?

It just says, “There is no MetaMask token.”

While many were waiting to be pre rich with their token launch, Metamask has made it clear there isn’t any token… yet. 🧐

Degens, make sure to not buy any tokens masked as Metamask - since there are many impersonators at this time.

Zora is finally launching its own token in Spring 2025, bringing its on-chain creator movement to the next level.

With a 10 billion total supply, this marks a huge step for the platform that’s been fueling digital art and collectibles.

So far, Zora has powered:

👥 2.4M+ collectors

🧑‍🎨 618K+ creators

🤑 Rewarded users with $27.7M+ in earnings

😲 All while generating $376M+ in secondary sales volume.

Now, the big question: Will the token unlock new incentives for creators?

Creator-focused tokens often see early hype – watch for ecosystem updates and potential airdrop opportunities.

PumpFun teased an angler fish, but the market barely flinched.

Solana memecoin $WOULD is now the only PumpDotFun native token above the $500M market cap – a stark contrast to the rest of the ecosystem.

Right now, only 5 tokens sit above $100M, around 50 hold $10M+, and the rest?
Dead, dying, or trading sideways.

In the last 24 hours, zero tokens have “graduated” past $1M, signaling a harsh reality for degens.

Memecoin rotation is brutal – if hunting gains, trading majors might be the safer bet until the next wave of degen liquidity hits… which we all expect to be soon.

Ricardo Salinas isn’t just bullish on BTC – he’s all in.

The Mexican billionaire now holds 70% of his portfolio in Bitcoin, with the remaining 30% in gold and gold miners.

Traditional bonds? Zero.

Back in 2020, BTC made up just 10% of his portfolio.

Fast forward to today, and he’s 7x’d his exposure, cementing his belief in Bitcoin as the ultimate store of value.

When billionaires shift their wealth into BTC, it strengthens the long-term bullish case. 

Institutional adoption is slow but steady—watch for other high-net-worth investors following suit.

Markets are down but if these people can put that kind of money into an asset then that is really a long term bullish signal

While volatility is keeping us degens on our toes, remember it’s a feature not a bug.

There are huge expectations from the Crypto Summit this Friday and how it will affect markets.

See you tomorrow.

Till then – keep riding the waves!

– Your degen for the day 🥷