Crypto portfolio update

Exposure: 100.0%

Net return: 659.5%

Comments: The past two weeks has seen a whirlwind of activity in the Solana ecosystem with the latest hot memecoin, BONK, crossing the $1B mark.

SOL itself has exploded to the upside:

This caught many by surprise as SOL has been viewed as the taboo chain that often broke down and was linked to SBF.

The hatred for SOL is misplaced however, as many past issues have been solved/fixed but nobody knows this because they've stopped paying attention to the Solana ecosystem.

For example, not many people know that Solana DEX volume now rivals that of Ethereum + L2 DEX volumes:

This makes SOL a great bet as we transition into the bull phase - because most people today are under-allocated and as the price moves higher they'll be forced to come around to the new reality, capitulate and buy in.

Soon, people will start comparing SOL to ETH in 2020:

In my opinion, SOL stands a good chance of being the dark horse of the 2024 bull market... and I've allocated a major portion of my portfolio to it.

Current allocation:

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 Quote of the week

Brainwash yourself, or someone will do it for you.

- Anon

Thanks for reading, and have a great weekend.

Cheers,
Slowmad

P.S. If you have any questions or feedback, let me know at: chris[at]digitalslowmad[dot]com