mm premium #1
Weekly newsletter - 10th October 22 - Special Ryoshi Part 1/4
Table of contents:
Current update on the memecoin meta (Eth only)
$mikoto, connected to new Ryoshi ecosystem?
Ryoshi alpha part 1: The genesis of the new Ryoshi ecosystem
Save money and beat the bots in deep liquidity pools like O, CAW, QOM
This is not a newsletter to digest in 5 minutes. I’ve hit the email length limit. The topic of Ryoshi is complex, and let’s consider none of what I write is fact. Consider it all theory. I’ll have a few other special Ryoshi newsletters to support this one, spread over the next 2 months, and also keep the topic in the newsletters as an item, because that ecosystem is so central to my investment thesis.
This is my research, educational content, and not financial advice.
Grab a coffee as long as it’s not a soy latte. And take your time.
Update on current Eth memecoin scene:
Tough month so far. Seen a few good surprises and some interesting trends.
Ryoshi larps are losing momentum. Volumes are down, new wallets per week declining, and some whales are starting to offload on their insane gains on some of the main larps. Because those pools are very shallow. One or two top 15 holders can wipe ALL the liquidity in a pool. This presents an insane risk and your gains are not anchored in real market liquidity, therefore they are merely an illusion. I’m watching this space closely. Projects pump or dump on confidence and trust. If the lies come out, I’m worried for the communities. I got fooled in the past, I know how it feels. I rejected every piece of contradictory information on $kuma . I was sure. I was wrong. I got rekt. Now I know who, how and why. Don’t be like me, where there is a lot of smoke, there probably is fire, take some profits on your Ryoshi larps. Especially on a low liquidity coin. As an aside, Kuma is now community led and has already delivered a Xchain swap, but trust has been damaged.
I’m actively staying away from all Ryoshi larps. The market knows. Only insiders will make money, we’ll get dumped on.
A few good surprises:
World Cup Inu, can’t vouch for the project, BUT it’s delivering, what we dreamt meme coins would be last season. With actual wagering on games, all decentralised. Don’t own the coin, haven’t done research but it seems that devs in general can now deliver things they couldn’t deliver 12 m ago. In short, I see innovation. Innovation tokens like STILT, brought back to the forefront of the meme scene.
Talking about innovation: I’m seeing more advanced projects (defi) that genuinely are building VC backed level of crypto, whilst launching on UNI and giving people insane opportunities for early entries. Those protocols are potential top 100 next cycle. And you can get them for a few mills Mcap. Projects like YDF (yieldification) or GIGA (gigaswap) show me that beyond memes with a utility twist, there are now genuine memefi plays coming. Real competitive projects with a good memey brand. I missed YDF but didn’t miss Giga (still 15x from when I called it around 200k mcap). There is something called x7finance that seems good too, same, haven’t done the research or holding. The sweet spot is great dev and great community with a working product with a market fit. Which is why I’m comfy holding my GIGA bags.
Cramer is a meme coin with some utilities. Caught this one on the first dip, backed by strong influencers, dev is a work horse and secured big things really quickly, like a billboard outside Jim Cramers office. The meme is durable and strong, I call this the “finance is a meme” meta. And it’s closer to the truth that you think. Is finance media scamming retail? And therefore, an inverse cramer ETF would kill it? Well, the ETF has been lodged for approval. Very bullish on this project. Could run for a while if the community gels or if the project manages to generate money sustainably (through an inverse cramer portfolio used to burn tokens)
Word of warning there seems to be quite a few projects that look good, but feel like slow rugs. I’m being super selective at the moment. Some low liquidity coins are being pushed, without much logic behind them. So I’d use the usual trick below.
If coin is pumping, and TG is a dead, and not very healthy, this is probably not organic growth and investable. Especially if the holder count is low. Especially if insiders loaded up for days before the big first move (when you can see a few days of flat lining before the first mega pump).
$Mikoto, connected to new Ryoshi ecosystem?
I can’t reveal all my sources and everything that led me to Mikoto. I didn’t buy in early. But I got in at the lows on the dip. It took a while for my research to converge to a strong likelihood that the project is, at least, supported by Ryoshi and may be used in the incoming Ryoshi ecosystem.
