Ansem: SOL will return to $150 in the coming months.
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A certain address "sold out" on ANSEM, missing out on nearly $2.39 million in potential profits, only selling for $974.81.
According to BlockBeats, on July 5th, Onchain Lens monitoring revealed that the address "9oxDc" sold 8.06 million ANSEM tokens approximately 17 days ago at a price of $974.81, corresponding to a market capitalization of approximately $54,000 to $134,000 at the time. With the significant price increase of ANSEM, these tokens are now worth approximately $2.39 million. Based on the current price, the trader missed out on a potential profit of approximately $2.389 million due to selling too early.
Ansem launched an ANSEM token airdrop page on BullpenFi, boosting the token price to double in 12 hours.
According to BlockBeats, on July 4th, KOL Ansem, co-founder of BullpenFi, a social trading platform within the Solana ecosystem, launched the official airdrop page for the Meme token ANSEM on BullpenFi. This boosted ANSEM's market capitalization to over $350 million in nearly 12 hours, with over 100,000 addresses holding the token. According to Ansem's post, holding a portion of ANSEM tokens and remaining active on X, and linking their account to BullpenFi, gives users a chance to receive the upcoming airdrop. BullpenFi acts as a scoring system, considering factors such as trader holdings, X post volume, and exposure, giving higher weight to active users. Ansem did not provide specific rules, instead calling it "smart distribution," emphasizing that the airdrop is not universally available or purely random, but rather biased towards genuinely active users. According to GMGN data, the market capitalization of ANSEM, the Meme coin in the Solana ecosystem, briefly exceeded $350 million before falling back to $300 million, representing a 75.6% increase in 24 hours, with a 24-hour trading volume of $68 million. BlockBeats Note: Meme coin trading is highly volatile, largely dependent on market sentiment and hype, and has no real value or use cases. Investors should be aware of the risks.
Opinion: Strategy's structural problems are not yet fully resolved; it should explore generating returns using its Bitcoin holdings.
According to Mars Finance, on July 3rd, Alex Thorn, Head of Research at Galaxy, wrote that Strategy's capital management adjustments announced on Monday marked a significant turning point. In the preceding weeks, Strategy's preferred stock "digital credit" system had been under pressure, with STRC preferred stock falling below its $100 par value and hitting a record low of $71.25 on June 26th. The market began to question how the company would pay its increasing preferred stock dividends. Strategy subsequently announced a new digital credit capital framework, including a board-approved dollar reserve policy, a revised STRC dividend policy, a $1 billion preferred securities buyback authorization, a $1 billion MSTR common stock buyback authorization, and a BTC monetization plan. Simultaneously, the board increased the annualized STRC dividend yield from 11.5% to 12%, applicable to the semi-monthly dividend due on or after July 1st. Following the announcement, MSTR rose 12.6% to approximately $92.70 on Monday, while STRC rose 12.2% to approximately $83.70. Thorn believes that Strategy's approach is sensible, but may not permanently solve its structural problems. The company still has a large preferred stock portfolio and ongoing payment obligations, and faces $6.7 billion in convertible bonds maturing in 2027 and 2028. The market's real concern is not Strategy's lack of assets, but whether it has sufficient dollar liquidity to pay dividends without harming BTC holders, MSTR common shareholders, or preferred shareholders. By raising over $1 billion in cash through the sale of common stock, setting a 12-month minimum cash reserve policy, and increasing its current cash coverage ratio to approximately 17 months, Strategy has bought itself time. The most controversial aspect is the BTC monetization plan, the wording of which seems to explicitly indicate that Strategy may sell BTC from time to time. He doesn't want to see Strategy sell Bitcoin because the company's identity and the MSTR premium are built on its narrative as a long-term BTC exposure tool, and selling BTC would weaken that story. However, he also believes that selling a small amount of BTC can be justified if it prevents a disorderly spiral in capital structure, protects preferred stock, and allows for waiting for better market conditions. Strategy should explore how to generate returns from its BTC holdings without having to sell physical BTC directly. This could include lending out a small amount of segregated BTC on conservative terms or using options strategies to capture volatility gains.
ANSEM Announces Ecosystem Update: LP will be replenished with creator fees, and SOL will be airdropped to community contributors.
Odaily Odaily reports that crypto KOL Ansem has released an ecosystem update on the X platform, including injecting SOL earned from creator fees into liquidity pools (LPs) to increase liquidity depth; prioritizing SOL airdrops to top-performing "Bagworkers" on social media, with phased distribution at higher market capitalizations; and providing additional rewards for long-term holders, high-quality content creators, offline promotion participants, and community tool developers. These records can be found on the Bullpen platform. In addition, it stated that it has hired social media, marketing, design and copywriting staff, is reorganizing existing accounts and content narratives, and promised that all decisions regarding token supply related to the team and marketing will be executed through the public Pump.fun wallet, without using other hidden wallets.
A trader sold ANSEM too early before the price surged, missing out on a potential profit of $4.7 million.
According to Mars Finance, on July 3rd, Bubblemaps monitored an address cluster that purchased 2.7% of the ANSEM supply through four linked wallets shortly after its launch, and then sold all of it on June 19th, making a profit of approximately $2,000. Based on current prices, this holding is worth approximately $4.7 million.
0xSun: I've already buy the dips in ANSEM and NEST, and I believe Solana will remain the engine of this round of on-chain price increases.
According to Odaily Odaily, trader 0xSun stated that he has purchased ANSEM and NEST at market values of approximately $280 million and $6 million respectively, in order to participate in the current on-chain market volatility. He believes that the on-chain market performance driven by blknoiz06 was active in this round, with strong Meme coins appearing in Solana, BNB Chain, and Robinhood Chain. However, the overall rotation was extremely fast. Except for ANSEM, which continued to rise for more than a week, most of the other leading chains peaked overnight. 0xSun stated that ANSEM has already corrected by over 40% from its peak, and given Ansem's continued activity and the fact that approximately 60% of its tokens remain uncirculated, a rebound is highly probable. NEST, on the other hand, is a riskier and more volatile asset, with its short-term price movement still primarily driven by market sentiment. They also believe that for investors with smaller capital, the crypto market remains a more suitable market for high-risk, high-reward plays.