Let's talk about what today's trending dao fun really is

daofun what is it?

It can be understood as a new meme launch mechanism. Generally speaking, VCs and institutions receive invitations to create a fund, and when the target amount is raised, it opens for trading. This is different from the internal trading of pumpfun; during the fundraising stage of daofun, all users have the same cost, similar to an IDO.
Retail investors are not buying traditional meme coins but are actually purchasing shares of this dao fund. Shares can be freely bought and sold, and users can also receive dividends upon exit.
Each fund has a term; when the fund expires, the sol in the pool will be returned to the users holding the tokens, and users can burn their tokens to redeem sol.

daofun can do what?

VC: Can create funds, essentially acting as their own fund manager. Retail investors are actually investing in people, betting on the profitability of this fund manager.
Retail investors: Purchase shares, meaning dao tokens. Theoretically, these should not drop below the initial price because the platform mandates that the market value must exceed the amount raised; however, secondary trading is at one's own risk. This cannot be bought with bots, but only on daofun. What is available on raydium are private pools and are quite shallow.

Currently, the leader on daofun is ai16z. Ai16z and degenai were both deployed by the same person, one on daofun and the other on pumpfun, and the two have a connected relationship; ai16z holds 4.2% of degenai tokens.

Many people now believe this model lacks innovation. Those who understand traditional fund operations find this quite interesting. As for me, I don't understand traditional funds, but I also bought ai16z, thinking that new things are always worth exploring.

Sometimes when you get cut by a project, it’s not just about losing money on that single project; it can also affect your judgment on other projects.

The day before yesterday, I heavily invested in $wood, and it performed horribly. Yesterday, I was frustrated with that project all day. Since the market had no other hotspots, I noticed $Pnut when it was around 3 million. Because I had been cut before, I took a look, thought about it, but in the end, I didn’t invest. The 50 sol I had just withdrawn from the exchange had already been lost, and if I had sol in my wallet, I would definitely have invested. I hesitated a bit about withdrawing more. Then later, doge tweeted, and Musk tweeted. After missing $Pnut, I saw $fred, which has a similar narrative to $Pnut, and various documents also mentioned raccoons. I thought it could be a good investment, but I still didn't withdraw sol. I put the remaining 0.7 sol into it when the market cap was 1.2 million, and then I sold everything when it reached a market cap of 2.2 million, making a quick profit of 90 dollars.

The result is:

$Pnut was 3 million when I saw it, now it's 81 million.
$fred was bought at 1.2 million, sold at 2.2 million, now it's 12.6 million.

Reflecting on this, next time I get cut, I need to quickly forget about it and not let those emotions affect my judgment on other projects. Others have already made back their losses, and I'm still continuously missing out on these big hotspots.

Fortunately, $koma is comforting me. Although Old Bu said that we need to win for burning, they still bought back and burned even without winning. Playing with such project teams is still stable.

After posting this, I will forget about everything else and continue to look for the next narrative. I will definitely make money!

1、 $KOMA If BLG wins the League of Legends match tonight, they will buy back 30 BNB and then burn them. Today, the price of $koma has also remained relatively stable, and 5% will continue to be burned at 10 million.

2、 $DogeX is set to migrate to Solana, starting from November 3rd at 11:00 to November 4th at 11:00. If you have coins, remember to complete the migration. The total on Solana is 1 billion, and any excess will be refunded and remain on ETH.

3、 I made a very wrong move yesterday, originally buying $wood at 90k, it rose to 3.7 million but I didn't sell. Not only did I not sell, but I also increased my position, going from 2.4 million all the way to 1.2 million, and now I'm stuck. This kind of operation always makes me lose money 🥹

4、 $wsb has been calling me to join from yesterday to today. After watching for a long time, I told people I wouldn't join, and then it instantly jumped from 0.11 to 0.16.

hold $koma $olm $7007 $cheems $wood $ai16z

1、 $koma touched 10m yesterday and came down, now at 7.6m, the founding team went to the Dubai venue, if it stabilizes at 10m, they will continue to burn 5% and keep building.

2、Woke up just after 7 am and saw $wood, the best performer on the pump platform lmao, deployed at 5 am, the platform has a Pantera background, last time ai16z chased high, checked this one which was only 900k USD, decisively invested and went to sleep, just woke up and it has more than doubled.

3、$ban is now on the trail with Bruce J, I mainly watch who is in front while playing projects, waiting for another explosion.

4、$dogx has returned to its initial price, selling now will continue to burn, the market cap is only 15.7m now, and there are still 4523e in the pool, waiting to continue.

5、$cheems spiked high and then fell back to 56m, but the trading volume is huge, looking for a position to add more.

6、Zircuit is giving airdrops to those who hold or stake $eigen, with a snapshot on October 8th, those who deposited earlier can check it out, I've already withdrawn all of mine, and I have a little, not holding much hope for such projects anymore.

7、Corn is collaborating with Babylon, you can now earn Babylon points on Corn.

Why do I always lose money?
Because I don't open paid groups, nor do I provide signals, and I don't need to be a perpetual winner.
Losing is just losing; there's nothing to be embarrassed about.

Here's a summary of my profitable trades:

$olm 8m - 47m
7007 3m - 8m
$koma 3m - 9.4m
$jerry 6m - 21m
$ban 12.8m - 32m

Additionally, I keep getting asked where the money I lost came from.
Standard reply: It came from unsecured loans.

Let me explain why I heavily invested in $koma

Former English head of Babydoge, Lao Bu, initiated this, and former Chinese head of Babydoge, jk, participated in its development
Babydoge was mentioned by Musk in 2021, and then it got listed on OKEx
Lao Bu and jk's other project $ghc, peaked at a market value of 120 million USD
jk's $milo went directly to OKEx

The above is the background, now let's talk about the resources for koma

1. cls officially announced cooperation
2. floki officially announced cooperation
3. Kook and other overseas influencers continuously mention it in their tweets
4. Influencer Haliey Welch follows it
5. Continuous buyback and burn by the project team
6. Resources provided on ourbit
7. Institutions have entered the market

Risks

BSC currently lacks popularity; many people prefer PVP, and as soon as they hear BSC, they won’t even play with dogs

Spending every day in this joy of nearing breaking even is so fulfilling.

1. $koma will continue to burn 5% tonight. It seems that both staking and airdrops will be gone, and everything will be burned. The first buyer of BNB before 6 PM today will receive a reward of 0.1% of the total token supply. Currently, it seems the first place is over 20 BNB; I also added some when it was 0.0058 yesterday.

2. $cheems reached another ATH yesterday, close to a 100M market cap, and is currently pulling back a bit. I don't plan to sell for now; let's see how far it can go.

3. $luce has been watched since 27M and is now at 72M. I couldn't bring myself to sell, and it's reached a point of logical inconsistency. I'm optimistic but waiting for a suitable entry opportunity, which I haven't found yet.

4. $dogx seems to align with the strategy I had in mind. Tokens are continuously being burned, and the total supply is decreasing. The impact of each buyback is growing, so the coin price is likely to rise a bit. Let's wait and see.

5. $jerry is my most stable project on SOL. My SOL balance has hit zero, but jerry is still here.

6. moodeng has been bouncing below my cost line; there's always someone telling me to break even and run, but I want to make money.

7. gacha's official Twitter posted a pump link, but later reported a hack and hasn't deleted the tweet. Is there really such a lock tweet technology that prevents people from deleting their tweets? I feel like I haven't seen it.

The meme rhythm on Sol is too fast; if you're not careful, it can go to zero.
In the future, I still need to play it safe.
First, the leading narratives of various chains.
Second, relatively stable projects led by various public chain institutions.

Current Meme Positions:

ETH:
$Pepe: Listed on Binance, has been stuck for a long time.
$OLM: The first IMO of ora, held for over a year. Remembered yesterday that it can be staked for ora points, sent it for staking.
7007: Very closely related to olm; Vitalik has interacted with 7007's dog.
$DogeX: A new IDO from bake, has burned a lot, and now the pool only has 4930e left. The price has indeed risen a bit today.

SOL:
Moodeng: Cost of 0.248, currently in a break-even state.
$jerry: Has been rising since purchase; now that sol has increased in price, the cost of buying in has decreased by 20%.
Ban: Stuck.
ai16z: Stuck.

BSC:
$KOMA: Created by the original English head of baybydoge, the original Chinese head is involved in building the meme promoted by a Sino-foreign collaboration, consistently burning tokens; the price is quite solid.
$cheems: The CTO leader is very strong; seems to have reached ATH.

$BTC is over 2000 dollars away from the new high
$ETH is also over 2000 dollars away from the new high

Woke up just now, dreaming of copying and pasting contracts to check front row addresses. PVP is really exhausting, but it's particularly addictive. Every day I say I'm done with PVP, yet every day I honestly participate.

1. $bon grew wildly yesterday. Many people FOMOed, and many are not optimistic about it. I still hold my position without selling. It peaked at 6x, and I didn't sell. Whether the art meme is still playable depends on this.

2. $DogeX has been listed on Matcha and LBank. Many people still don't understand this logic. The mechanism is that if it's sold below the issuance price, it will be burned. It is continuously being burned now; the pool has dropped from 15,000 ETH to only 5,000 ETH. The total supply is also decreasing, and the current pool is 10 million USD. The transaction fee for buyback and burn is 2 million USD, which can't drive the price up. But if the pool is only 2 million USD, can buying back 2 million USD drive it up?

3. ai16z chased high into the market at 60 million yesterday and also researched the gameplay of DAOs Fun. This model, in my personal view, still has potential. Those tired of PVP can hand over their SOL to the fund; at least it won’t run away. However, many people might just like the feeling of operating themselves; each has their own insights.

4. Eye can be considered a dragon II. I didn’t think much when I entered earlier. I broke even at the peak, and when it dropped, only profits remained. At least I didn't lose in PVP.

5. $olm is in a pullback, but it surged to 7007. The 0.5 ETH I added has already started making money. It's still more reliable to play in such strong projects; you just need to buy in and wait.

6. I want to talk about $koma again. Now everyone in the group has it, and they are all not selling. They say if they want to sell, they should check the community, and then they don't want to sell anymore. I think being entangled in buy-sell tax issues is problematic. With a buy-sell tax, the project team uses the tax to buy back and burn, which is much better than being eaten by traps. Koma has been around for more than a month, and the project team has been doing things consistently. The community is also very active, working together internationally; there’s a good chance to succeed.

Today I chatted with someone about why having logic didn’t lead to making money. Later I thought, although I didn’t make money, I avoided many losses. First, avoiding losing projects, then comes making money. Having your own logic is more important than blindly following others. You can only hold onto a coin if you are confident in it. Following others without understanding the narrative or logic won’t yield significant results, and of course, you won’t lose big money either. I can’t always just look at my losses. I made money with $olm and 7007. I’ve held $olm since last year, I can’t remember how many times over, but it’s definitely profitable. Reject emo, buy what you understand. Listen more, watch more, and summarize more. One day, I will make money.

Some coins bought before clearing out yesterday, readjusting my logic. My logic has never made me big money, but it has saved me a lot of unnecessary losses.

1. The 7007 on Arb can be transferred to ETH now, transferring will cost 7u gas, which I'm reluctant about, so I bought a bit more on the e-chain. $olm keeps hitting new ATHs, I believe 7007 can too.

2. I watched $ban for a whole day and night, finally made a move, bought it at 13m, and there’s still a huge divide. Some think it will go to zero, while others believe it will soar. I belong to the latter, and I’ve got those around me FOMOing. This narrative, combined with it not being a trending topic, feels much sexier than others.

3. Moodeng bought back at 248m, buying high and selling low is my trait, but this time I also bought it with logic, considering it a heavy position, the web2 influencer narrative, and the consensus of Sol. To get on Binance spot, it has to be on the Sol chain.

4. When I cleared out $cheems on ETH, my address was seen by their community, and they told me they felt sorry for me losing money. Then a community member sent me some coins, and I definitely won’t sell the coins they sent me. My clearing out wasn’t because I was pessimistic, just a bit of OCD; I can’t feel comfortable unless I sell many that are going to zero.

5. Yesterday, $dogx from Bake bought back 200w u of coins and burned them. Now the total supply is only 4.6 billion, with a pool of over 5400e and a market cap of 22m. Just continue to be patient and wait.

6. After $jerry went live on Gate, it dropped a bit, currently at 21m, and I see there are Tom clones.

Long-term holdings

Sol: moodeng, $ban, $jerry
ETH: 7007, $olm, $dogx
BSC: $cheems, $koma

The market has fallen, and my happiness is gone again. Recently, my living expenses have relied entirely on the price increase of Bitcoin. This drop has taken away my living expenses.

1. On Solana, someone is trading Moodeng on Binance contracts, some are betting on when Moodeng will be listed on ETH's spot market, and I'm just repeatedly looking at the K-line, wondering what kind of fool I am when I cut my losses.

2. Sotheby's vice president's disastrous $ban, I didn't see it when it came out, but when I did, it was at 1.6 million. After checking the information and the official website, it suddenly jumped to 5 million. Just when I was about to give up, I saw the top two sellers dumping, and I thought it was hopeless. But this morning it rose again. Could this be a manipulation technique?

3. The TERMINUS Mars City community has been continuously liked by Elon Musk and his mother for several days. It's impressive, but why is no one trying to save me from being trapped?

4. $olm has reached a new high. I've held it for over a year. Projects like this will be the trend in the future—fairly launched coins by large institutions, without overvaluation, institutional rotations, or KOL rotations. The only regret is that I forgot to stake it in the past few months. Staking can earn ORA points, so I’ll stake it later.

5. Many who previously traded on exchanges are now battling on-chain to not miss this round of meme market, but most of these people are actually losing money. I chatted with someone yesterday, and most of his information came from various large groups and Twitter calls, but he couldn't react as quickly as others. So what should we do next?

6. $koma seems to have been continuously burned recently. I haven't checked the community in a long time; there’s not much to see with this long-held coin. Waiting for takeoff.

I should be the most miserable person with my hands full of $eth being staked and then rekt.

1. $ape was listed on Coinbase contracts, but the meme on $ape seems to have fizzled out. I bought $ape, and with all the moving around and not being able to sell in time, I've already lost 20%.

2. Goat was listed on Binance contracts, and looking at the price, it hasn't really moved. What I mean is it hasn't dropped, because many people are missing out and want to short it, leading to many liquidations. I didn't join in and didn't have contracts, so I'm just happy I didn't lose money.

3. Binance announced yesterday that they invested in a GameFi project called Moonwalk, led by Hack VC. Someone sent it to me in the middle of the night. So far, besides the background, I can't see much else. Binance is still investing in GameFi, proving there are still opportunities to play. If I can't beat the meme, I'll go back to playing games.

4. This morning I saw a bunch of people saying GPT-2 is dead again, and then followed by someone discussing GPT-5, and unsurprisingly, they lost money.

5. I don't know if the logic of $dogx from Bake is what I think it is. The price has actually been at the issuance price, but a lot has already been burned. I'm wondering, if it doesn't end directly like this, will they wait to burn some more until the pool is smaller before restarting? This is just my speculation; I haven't sold any of mine yet. Since this has transaction fees, the actual selling price would result in a loss, but the official word is that these fees will be used for buybacks.

6. Grass is about to airdrop. Currently, only Bybit has announced it will be listed. Most people just looking to farm probably aren't expecting much, so there likely won't be much buying pressure.

7. I heard that $smart has gone to zero. I bought it at 0.5e, and as soon as I bought it, I broke even because it's a small pool and very volatile. Anyway, since it has gone to zero, I'm too lazy to even check.

8. My $jerry seems to have also been caught in a net, dropping from 0.03 to 0.015. It seems to be going to Gate, and I feel like I might have been caught again.

In the past few days, I have deeply felt what a dark forest means. But since I'm here to make money, that's what I have to endure. I'm no longer emo; I've borrowed another 29 SOL and will continue to keep an eye on the chain.

1. The first point is still about $koma. After reaching 5 million yesterday, another 2% was burned, but it was instantly slammed down. Today, we continue to push for 5 million, and if we reach that, another 10% will be burned. I joined Ourbit, and someone said it's a shady exchange, but in reality, Ourbit is run by a group of degens who play with attitude and do street-style stuff overseas. For memes, this kind of exchange has more substance than most, and Ourbit comes with resources. I must say, Lao Bu's resources are really good.

2. Bake has ended, raising over 15,000 ETH, named $DogeX, which has a bit of an AI vibe. The opening price is 0.00000194 ETH, and all the raised ETH is in the liquidity pool. But I have a question: since everyone participated in the IDO, will the amount of capital for taking over be that large?

3. Last night, I also participated in FOMO, and tonight I joined the rights protection for Shar, but after seeing the small essay, I ran away immediately. Compared to others who rushed in after seeing the essay, I must say I was lucky. But this is my logic: I didn't lose money. When such things happen, there's really no way. It feels like the project party is a bit similar to the situation with Xitan from two years ago; after the rug pull, did they just shift the blame to KOLs?

4. Act ATH has happened. I saw Nizi Ge shouting, but I didn't get in because I always felt it was too high. I just checked, and the wizard is also promoting. There has been a bit less activity on Twitter these days, and I missed a lot.

5. These days, someone always asks me if I sold $pizza. I haven't sold it, and I haven't increased my position either; I don't have the money to add. When will we pull a pump to help me break even? My cost is 5.3.

October 23 information ⬇️

1. $koma destroyed 1% of the coins today. It seems that the coins bought back by the tax every week will be destroyed. So those who are worried about the tax can rest assured. At present, Lao Bu is still very capable.

2. Bake now has more than 2400 e. The price will eventually be calculated based on how many e are hit. It will end at 11 o'clock tomorrow. It seems that the leeks will also open at 11 o'clock. I hit a little, and at most I will lose gas.

3. I haven't sold $jingle yet. I have to mention it. Now the community is completely cto. The platform needs to support a project. It seems that the dev is contacting ave to change the display of the lock pool. In fact, the pool is locked. Because it is locked on the platform, ave cannot detect it.

4. I almost bought new last night, but then I looked at the people who followed and called orders, and gave up directly. From 1.5m to 90k now, it’s not bad, at least I saved money again

5. I also bought duckai at night. I looked at who recommended it and gave up directly. Although you can make money if you run fast, the odds of the second level are too low. I didn’t buy it, and I didn’t get to the second level. Now it’s back to zero. Although I can’t tell which ones will rise, I can’t be wrong about which ones will fall.

6. The only one of my sols that didn’t return to zero is $jerry. It basically rises by 10-20% every day, which is quite comfortable.

7. I missed all the FLAVIA and Shoggoth. I really don’t understand these.

8. The u of bags was directly withdrawn. You can withdraw it by charging some gas. It’s an unexpected income, better than the project I test and deposit money on.

I was unhappy all day yesterday because I shared information about my project, and as long as someone loses money, I make money. I'm the project party, and I should be arrested. Originally, such statements are quite funny, but they do affect my mood. Perhaps the main reason is that I didn't sell at the peak and lost money 🥹

1. $koma is now on CoinGecko, with a buyback of 20 BNB and 20 BNB burned. I heard that it wasn't placed first yesterday, and someone was advocating for me; today, I returned the first position to $koma.

2. The new project IDO for Bake has started. The price protection mechanism will keep all IDO's ETH in the V3 pool; any coins sold at the initial price will be burned. The IDO has been ongoing for several hours, but the progress is invisible. It will end at 11 AM on the 24th, and it seems different from what I imagined. This one address seems to have no limit on the amount.

3. $jingle went through a coin theft return incident. Now the permissions are lost, and the coins have been burned. The project party even took out 30 ETH to pump the price, but if those 30 ETH were used to add to the pool, it might have a better effect. Now the project party has no coins; it's completely CTOed. Yesterday it returned to 2 million and has now dropped again. The ETH in the contract will buy back 0.8 ETH daily, but with the drop like this, that 0.8 ETH seems a bit insufficient.

4. $scr opened, but when I woke up, it plummeted. I didn't understand the situation; I hadn't even had the chance to sell what I mined.

5. I just pulled $ape back yesterday, and then a golden dog appeared on $ape, but its lifespan is also very short. If I get in, I guess I'll also be picking up the pieces. Thinking about it this way makes me a bit happier.

Today is emo, don't want to talk, just read the information ☹️☹️

1. $jingle said that the owner authority was taken by the hacker, and the market was dumped after the currency was transferred. The hacker sent a message saying that he was willing to return 20e. I stayed in the community all afternoon. The project party was scolded half to death. Now it has been pulled up and the mood is better. It is said that the authority will be lost in the evening. After losing the authority, you can't claim it. I haven't claimed it successfully yet. It has been failing. The mechanism is actually interesting. Even if this thing doesn't happen, I feel that there is a chance. I will play it later.

2. Yesterday at noon, I saw the project on $ape posted in various groups. With the mentality of not stepping into the air, I crossed 100u and spent 20u on gas fees. Then I bought $CURTIS, which I bought for 8m and the highest was 29m. Now it has started to fall. I heard that the early chips were shipped. I bought 3000u of $ape in the evening and was ready to do other things. As a result, $ape went up before I started.

3. All public chains are going to pump now. After all, it is hot now. When the information of $dydx and $dodo came out, I chased $dydx, made a few points and ran away, because I didn’t see the official information, it was all WeChat group information. Now there are so many public chains. I should say that the#okxwallet responds very quickly. At that time, I asked in the group whether I could directly cross ape. I saw that it was not possible. Then I heard that it was already connected soon. It is really convenient for the okx wallet to flush the dog and cross the chain. Then the#TokenPocketwallet can directly synchronize the apechain wallet. With so many public chains coming out, these wallets are also busy.

4. The price of $koma has been fluctuating between the 3rd and 5th floors. Now I am applying for Coingecko. I always feel that there are still many benefits that have not been released.

Yesterday I withdrew the remaining 2e to the exchange. I won't p it anymore. Now all institutions and project parties have come to meme, but these are more suitable for me.

1. The $Koma project bought more than 2 million coins and then destroyed them. I joined the push group last night, and many friends asked me what koma is. The popularity of the chain is still a little bit low. I think bsc also produced many myths of wealth creation.

2. I bought smart yesterday. It should be bought at 5m. I saw it when I typed it, but I didn't type it because it was too complicated. I bought it directly in the private pool, but this seems a bit complicated. If it is not bought with an aa wallet, it will be locked until next year. I bought it in safe, and it also reminded me to unlock it, but it can be transferred. I haven't sold it yet, so I don't know if it is locked.

3. Puffer's eth withdrawal does not need to wait 21 days. I applied the next day and can withdraw it now. All of them have been transferred to the exchange, ending my anti-losing journey this time.

4. The rest of the sol chain has returned to zero, leaving only my $jerry in ath.

5. $olm has reached a new high. I see that the official account is now under the control of AI. On eth, $olm has made me money. The closely related $7007 is also good. These two are long-term holdings.

6. Various things are being played on the chain every day. I also want to join. A jingle has been created. The mechanism is interesting. The gas for fair mint is all in l2. The gas will be used to group lp and repurchase. This can be faster if multiple addresses are played at the same time.

7. Curtis on ape is flying. It is now 8m. I took a look and didn’t make a move. Logically, each public chain will pull its first one, but there are too many chains and the money is not enough.

Long-term positions

Bsc: $koma, $cheems
eth: $olm, TERMINUS, SPACEWALK
Others: $7007, $o, $smart