Observation Diary 12.4
The political farce in 🇰🇷 ended too quickly, it's quite boring, and the countdown for Yoon Suk-yeol's resignation and imprisonment has begun.
1. The heavily invested $koma announced the cancellation of taxes and relinquished all permissions after gaining liquidity on the bnbchain. As a pure community meme, the early tax mechanism played a huge role in building community consensus; with the increase in market value, the tax mechanism became less friendly to new entrants, and its cancellation was inevitable. This also means that more emerging forces are joining, and I can start to see more institutions entering the market;
2. Memes on the sol chain are beginning to rebound. My current large positions are in $ai16z and $luce. $luce is actually half of what I switched from $ai16z. This switch currently seems to be a loss, but the integrity of the $ai16z founder is really concerning. If I had to do it again, I would still firmly switch positions; $evan saw some gains yesterday, but it rebounded before I received much, so it’s a long-term position; just buy low;
3. The secondary market is particularly hot; it feels like everyone is making money. My strategy is simple: I just keep trading the targets I'm familiar with. Currently, $act is the most comfortable, but it may not necessarily be a good opportunity right now because BNB surged today, and there may be new listings. I’ll wait to see what the new things are before making a decision.
Still focused on on-chain activities, many people say that the money on-chain has gone to the secondary market. This is the time for the hundredfold golden dog to appear. My overall strategy has always been simple: earn BTC in the BTC ecosystem, earn SOL in the SOL meme coins, earn BNB in the BNB chain, earn ETH in the ETH ecosystem, and then hold on exchanges. Overall, it’s not worse than just playing in the secondary market.
