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juanse

@juanse

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juanse
@juanse
We’ve created a Club on FriendTech to discuss Runes also. This is a 300 member strong group on Farcaster. https://friend.tech/clubs/104289
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@juanse
This is a memecoin supercycle. A memecoin supercycle where, for the first time, Bitcoin has its own memecoins. Send them to Valhalla. Send them to Pupshalla. Fulfill the $13B O.P.I.U.M prophecy and let the magic internet money flow.
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@juanse
RSICs just achieved the first tier 1 CEX listing for a Rune: @okxofficial. They didn’t talk endlessly about getting one. They just got one. Every single time the RSICs team has spoken with actions and execution. Every single time. Higher for RSICs. Higher for Runes. The first of many.
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@juanse
The #2 trending token on Solana is the bridged BRC-20 token of the best memecoin on Bitcoin. $PUPS will continue to show the way by having tokens hosted on the mother chain and traded in multiple venues. The migration to the Runes protocol is next.
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@juanse
They have a partnership with one of the strongest brands in the ETH ecosystem: Memeland. We're witnessing something great in the making.
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@juanse
The grind-up of RSIC Runes has been nothing short of impressive. The volume has remained constant, with not a single announcement from the team, just an astounding market desire to acquire RSIC Runes. The team executed a perfect airdrop at a cost of $400K, and not a single inscription or rune has been sold by the team
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@juanse
There’s the Runes meta, which will help push everything launched beneath it. But then there are this cycle’s narratives, which will get pushed further by being under the Runes umbrella. Study this cycle’s narratives and the Runes being launched using them.
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@juanse
$PUPS (BRC-20) can also be traded on Solana, thanks to a bridge (check to @PupsToken for the contract address). Owners of the bridged $PUPS would need to bridge back to Bitcoin and undergo the burn/claim process to receive their $PUPS (Runes).
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@juanse
Effectively, there is no dilution, as **ALL** assets eligible to receive $PUPS (Runes) are already being traded. Arbitrage opportunities may be there once in a while, but the BRC-20 token and the expected allocation for Rune Pups have mostly been trading at comparable values.
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@juanse
The total supply of Runes will be 1,000,000,000, which will significantly impact (positively) unit bias. To receive $PUPS (Runes), holders will need to burn their BRC-20 or Rune Pups to claim.
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@juanse
Exposure to $PUPS (Runes) can be acquired through two assets: $PUPS (BRC-20), which will receive 77% of the supply. Rune Pups (Inscriptions), which will receive 23% of the supply. 🧵
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And look, I’m not really delving deeply into the benefits of trading fungible tokens on Bitcoin after the Runes Protocol is launched. Unit bias and small-size trading are just ancillary benefits that will have a big impact on the volume of these tokens.
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@juanse
To understand the impact of this, imagine transitioning from being able to buy only whole BTCs to being able to buy sats.
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@juanse
With the halving and the Runes Protocol going live, unit bias will be beneficial as the price per token will be lower, but most importantly, trading small amounts of tokens will become possible, giving more people (significantly more) a chance to get exposure to Runes.
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@juanse
The current ‘packages’ through which people gain exposure to Runes have a high denomination value. This applies both to pre-Runes inscriptions and BRC-20s, as the trading of these forces people to package a significant amount of tokens into a single sell inscription effectively limiting small-size trading.
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@juanse
RSICs will shift from a supply of 21K to a Runecoin supply of 21B. $PUPS will move from a supply of 10M (BRC-20 + Rune Pups) to a supply of 1B. But here is probably the most important part.
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@juanse
The degen mind loves round numbers and low unit prices. Aiming for $1 for a 1B supply token seems easier to the degen mind than aiming for $100 for a 10M supply token. Somehow, the positive unit bias momentum that will come post-halving, once Runes start being traded, is not being fully considered. 🧵
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If you’re not hearing the liquidity coming to fungible tokens on Bitcoin, you should be concerned. It sounds like 100 Roman legions marching towards you. We’re on the verge of seeing multiple multi-billion dollar market cap tokens on Bitcoin.
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@juanse
Heavily dependent on Leonidas as influencer.
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The basket continues to be fairly easy: RSICs, $PUPS and $ZBIT.
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