Claim Your Free Money and BTC Update (Boomer Coin)
Level 1 - NGMI
Welcome Avatar! Since this is crypto, a billion things are happening. We naturally miss some stuff.
Thank goodness for the Jungle as many of you help us track down some of the things we miss. In the end, we hope you end up outperforming us. That’s the goal if you’re trying to grind your way up Mt Everest.
The second part of this post is focused on quick Bitcoin updates. We do the majority of BTC updates on the free side since it’s largely the same story: 1) institutions buying, 2) inscriptions on Satoshis and 3) trying to build some L2s on BTC. Once again, we’re never going to be “negative” on BTC, it just doesn’t have the high returns since the market cap is over a trillion.
You’re free to do as you wish and if you’re a BTC Maxi then just skip to part 2!
Part 1: Claim Your Free Money
Free PAC Coins
Cossack alerted us on the website and jungle members pinged us. If you are on the Blast L2 campaign (many of you are), you likely got airdropped some PAC coins for free.
If you didn’t qualify you can tweet them out and be on the second airdrop as well.
We already checked it and it’s legitimate (source). All you have to do is click claim and join their Telegram. No real time required (less than 2 minutes unless you have to download Telegram).
After that try to qualify for the second one by Tweeting/making PAC memes. (we’re not participating in that but you can if you like)
How Much Money? We’ve heard a rough range of $100 to $600 depending on how much you put into Blast and if you were active. We’re not exactly sure how they determined the drop but it doesn’t matter. Just claim it.
Once you have the PAC you can go to the paid post from Sunday and essentially get a free interaction on (redacted). For the ultra paranoid you can disconnect after claiming, we did the claim and it worked fine.
Hilariously, if you got $100 your entire annual subscription is already paid and if you got more… might even get lifetime. This is all from clicking two buttons and waiting, clown world.
What to Do With It? We’d suggest just LP’ing the coin. It is too small to matter and if it ends up being the de-facto meme coin it goes up 10x and if it doesn’t… well you didn’t lose any money anyway and got to farm some of the L2 Dapps.
DOP Going Live
Go over to Data Ownership Protocol and you should be getting your free drop shortly. This was an old free airdrop that had a $0 cost and took no time at all (5-10 minutes).
They are also holding a Sale Waitlist. Don’t think you need to participate, would just get the free stuff and wait to see if there is real on-chain activity. Once you figure out if the project is getting traction, you can then buy.
Per usual, do what you like but this is our opinion. If interested the waitlist is here
Berachain Still Going
Continue to interact on the Testnet. Click around during lunch break or when you’re at home this weekend. Shouldn’t be too hard to show activity if you’ve been doing all the basic test net items such as Honey.
Do a quick scan of the ecosystem and flip through their Twitter here (source)
Part 2: BTC Update
In our opinion, we’re still in the middle of the Bull Run.
6-figure BTC is in sights.
Outrageous sell pressure from GBTC has continued and yet the price has still sustained at ~$70,000. This is quite surprising especially since BTC typically doesn’t do well heading into the halving (yes we know history isn’t indicative of the future, it’s more interesting due to human psychology).
As you can see, Grayscale has been selling insane amounts of BTC. They had 620,000 BTC before the ETFs were launched and now they are down to about 350,000.
270,000 BTC at ~$70,000 is $18,900,000,000.
All because they don’t want to lower fees to be more competitive with the market. 1.5% vs market at 0% for 6 months or 0.2% or so (7x more expensive at minimum).
We’re also seeing some long-term holders cash in their chips to buy their dream homes (it is always homes by the way, any crypto rich person sells to buy their dream house when they hit it big - CEXs enjoy the 1% fee as well).
Typically, as we go into a new uptrend, the number of 1+ year holders begins to decline. You can see this relationship in red from every large up move in BTC. If you want a rough number, get more worried when the HODL wave gets closer to 60% or so vs. where it stands at 67%.
L2s Still Moving
Tons of NFTs are still trading at large valuations on Bitcoin. The Stacks moonbag from 2021 is somehow up to $3.63 (from $0.20-0.30 or so already forgot exact price).
Meanwhile? As many of you know, the next project trying to build out an L2 is coming. We’ll be doing updates for you guys when it launches soon.
High Risk High Reward L2 launching…
Who Be Buying Your Bags
We’re not sure who would be selling to Larry Fink until the halving is done (minimum) but… some people are. Selling to Fink would be like taking the first offer given by a pawn shop in Vegas.
Currently, the main buyers of bags are: 1) wealthy individuals who didn’t trust Coinbase and have no interest in custody and 2) a lot of retirement accounts since it was non-existent outside of Grayscale. They were charging an arm and a leg at the time with a 2% fee.
Clown World Update
While initially exciting, it looks like Nilam Resources is trying to conjure up some special vehicle and fund raise to get BTC.
Honestly this doesn’t make a lot of sense because the market cap is only $4M US Tokens.
Nonetheless, if companies try to create vehicles to acquire BTC it’s something to look out for. Based on this is holds little weight but as usual… Stay Toon’d!
Conclusion
Claim your coins! Wednesday we’ll do a Macro update just because we need to do it 1x a month (will watch the full President Powell presentation). That will give us time to try and catch up to all the new on-chain stuff.
Big congrats to several Jungle Autists who got awarded Herculean amounts of Gold by finding niche Dapps. You took the risk, you deserve the reward.
Per usual, keep grinding. Conditions for farms/airdrops likely last for a few more months at minimum.
If you’re early, you’re on time. If you’re on-time you’re already late!
Disclaimer: None of this is to be deemed legal or financial advice of any kind. These are *opinions* written by an anonymous group of Ex-Wall Street Tech Bankers and software engineers who moved into affiliate marketing and e-commerce.
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