半只猴子
半只猴子
交易员，meme玩家。
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7u challenge to one hundred million!
Day 35
Principal 7u, target one hundred million
Currently: 3850u
Living cost: 1950u
Available funds: 1900u+
Haven't opened many positions these two days, today I don't even want to open my phone or computer. Long-term chain scanning and looking at various consultations have made my eyes uncomfortable. Eye drops and eye exercises don't work well, the only thing I can do is to minimize screen time.
Last night I felt $ENA and $ONDO were pretty good, only bought a little spot. Besides these two, the spot is basically BNB; still holding long contracts on $BTC, continuing to hold; watching PONS for fundamentals, protocol revenue, and whether the new coin issuance can pick up; then fully loaded on meme coins.
Current operation strategy remains unchanged: content creation, contracts, and meme coins.
The strategy still uses a barbell approach, doing mainstream top assets on one side and pure meme on the other.
+178.76%
Snapshot at Sep 25, 2026, 17:54
Wang Chun's latest trading call: Is SPCX the best investment after Bitcoin?
What just happened? On September 28, 2026, Starship entered a sustained orbit for the first time, successfully deploying 26 operational V3 satellites. This is the first time Starship has truly generated revenue—previously, the 13 launches were basically experimental. Wang Chun has recently been saying: if you sold too early when $BTC BTC was at sixty or seventy thousand, and don’t dare to buy back above eighty thousand, consider $SPCX. It is the best investment outside of Bitcoin, investing in humanity’s multi-planet future. Flight 14 is a milestone: after more than 7 years of development, Starship finally starts generating revenue. Essentially, his statement uses Flight 14 to redefine SpaceX from a “reusable rocket + satellite internet company” to a “multi-planet civilization infrastructure company.” Four layers of meaning: 1. Most people see it superficially, only noticing Falcon reusability and Starlink making money, but the real tech stack is the full Starship capability: ultra-large payload capacity, on-orbit refueling, point-to-point transport, lunar/Mars bases. Starlink is just the first layer of cash flow; Starship is the underlying tool. 2. Flight 14 is the commercialization inflection point: for the first time, operational payloads are sent into orbit generating revenue, moving from “burning money to validate” to “profitable and scalable.” As launch frequency, payload volume, and recovery rate increase, the cost curve drops sharply—that is the real moat. 3. The investment logic of SPCX is like holding BTC for the long term.
6 billion shorts vs 2.6 billion longs, where is BTC really headed?
Just looked at the Bitcoin $BTC liquidation map, and in this chart, two lines are battling:
Red line: cumulative long liquidation intensity. Starting from 83,442, climbing all the way to the left side, it has accumulated over 2.6 billion USD on the far left. This means if the price drops, a large wave of longs will be liquidated.
Green line: cumulative short liquidation intensity. Starting from 83,442, climbing all the way up to the right side, it has piled up over 6 billion USD. This means if the price goes up, there is a large group of shorts waiting to be liquidated above.
Key positions:
Look at those dense bars; high-leverage positions are mainly concentrated in the 82,500 and 85,000-88,000 ranges.
Longs and shorts have each heavily positioned at these upper and lower levels.
Are you bullish or bearish now? Let's discuss in the comments.
How miserable is the richest post-90s in the world now?
His name is SBF, nicknamed "Afro," once the richest post-90s in the world.
A hypothetical scenario, but the numbers are real. If the investment portfolio had not been liquidated, it would hold today:
Solana$SOL: $7 billion (35x)
SpaceX$SPCX: $15.1 billion (75x)
Cursor: $3 billion (15,000x)
Robinhood: $6.7 billion (11x)
Anthropic: $170.5 billion (340x)
Genesis Digital: $3.5 billion (3x)
Estimated total portfolio value: $206 billion.
What did he miss?
At bankruptcy, he owed customers about $8 billion. If these investments had not been liquidated, their value today would be $206 billion. Enough to pay back all customers and still have nearly $200 billion left.
But he never got to see this day. During bankruptcy liquidation, these assets were sold at a discount.
Solana was sold at a very low price, and shares of SpaceX and Anthropic were forcibly transferred. At that time, no one dared to take over because no one knew how big the FTX hole was.
He was once the richest post-90s in the world. Now, he sits at a sewing machine, watching others make $200 billion from his investment portfolio.
Asset return rankings over the past 10 years: Bitcoin ranked first 7 times, but also ranked last once
One chart sums up the return rankings of various assets over the past 10 years. Looking at Bitcoin:
2016: +124%, 1st
2017: +1340%, 1st
2018: -74%, last place
2019: +88%, 1st
2020: +305%, 1st
2021: +60%, 1st
2022: -64%, last place
2023: +160%, 1st
2024: +121%, 1st
2025: -6.01%, 6th
In ten years, Bitcoin $BTC ranked first 7 times and last 2 times.
Bitcoin is either at the top or at the bottom, rarely in the middle.
When it rises, it rises the most!
If you only see the two years it fell, you would miss the eight years it rose.
Who exactly is this person? Bought 10,000 bitcoins for $7,805, didn’t move a single coin for fourteen years, then cashed out for $1.09 billion
In April 2011, Bitcoin $BTC was only $0.78 per coin. This address accumulated 10,000 coins in batches, spending a total of $7,805.
For the next 14 years, it stayed dormant, not moving a single coin.
What happened in between? The Mt. Gox crash, the 2017 bull market bubble, the 2020 black swan event, the 2022 FTX collapse—still not a single coin moved.
On July 4, 2025, with Bitcoin around $109,000, this address suddenly woke up and transferred all coins out. The average transaction price was $109,246, turning 10,000 bitcoins into $1.09 billion in cash.
Fourteen years, over five thousand days, not a single coin moved. What kind of heart is this?
Why can UNI rise to 10 USD?
Look at one data point: in the past 30 days, tokenized stocks generated $20.9 billion in trading volume.
Who took the biggest share?
UNI v4: 40.7%
UNI v3: 19.4%
Together, the two versions account for 60.1%, about $12.6 billion, with $UNI alone taking six-tenths.
What does this number mean?
First, tokenized stocks are no longer just a concept. $20.9 billion in trading volume over 30 days means real money is moving.
Second, Uniswap’s moat is deeper than imagined. The previous SEC exemption document specifically named AMM permission pools, and Uniswap v4’s permission pool is currently the solution that best fits the SEC’s description. Now that the data is out, market share confirms this.
Third, what does 60.1% mean? In any sector, a protocol taking 60% market share is called a "dominant position." Uniswap is the dominant player right from the start in this new tokenized stock sector.
The logic we discussed before is being validated by data.
When Uniswap launched the permission pool in July, few paid much attention. After the SEC exemption was implemented, the market began to reprice.
Now the 30-day trading volume data is out: 60% market share is the market voting with real money.
The largest bull in the Chinese community, how much money did he actually make on $ZEC?
Based on the information he previously shared, two important details can be inferred:
1. His principal investment -- 1.3 million USD
2. Position held -- 14,153 coins
At the current ZEC price of $1,660:
Profit per coin: 1660 - 367.41 = $1,292.59
Total unrealized profit: 14,153 × 1,292.59 ≈ 18.29 million USD
What does 18 million USD mean?
With the most conservative fixed income, assuming an annual interest rate of 3%, the yearly interest is 540,000 USD.
Doing nothing every month, the net income is 45,000 USD, about 300,000 RMB.
Of course, he definitely wouldn’t do fixed income stuff; this example is just to give everyone a sense of the weight of 18 million USD.
半只猴子
Can't hold it anymore, 1.3 million principal, floating profit of 17.5 million: Brother Qi got crazy profits on ZEC
Look at this whale.
His position on $ZEC, with a principal of 1.3 million, now has a floating profit of 17.5 million USD.
Not a nobody. Formerly one of the top ten holders of the shitcoin $SHIB, single SHIB profits over 100 million, known in the community as Brother Qi.
He previously shared a screenshot: 4x leverage, cost $367, at $1078, floating profit was 10.06 million USD.
Let's reverse calculate how many ZEC he held.
Profit per ZEC: 1078.62 - 367.41 = $711.21
Floating profit 10.06 million ÷ 711.21 = about 14,153 ZEC
How much did he invest?
Position value (at entry price): 14,153 × 367.41 ≈ 5.2 million USD
4x leverage, actual margin: 5.2 million ÷ 4 ≈ 1.3 million USD
1.3 million principal leveraged to a 5.2 million position.
How much has he earned now?
ZEC current price at $1,610:
Profit per coin: 1610 - 367.41 = $1,242.59
Total floating profit: 14,153 × 1,242.59 ≈ 17.59 million USD
From the screenshot on September 6 to now, ZEC rose from $1078 to $1610, he earned an additional 7.53 million USD.
Are you envious, brothers?
$UNI breaks 10
$HYPE surges to 100
$ZEC holds at 1500
So is this market a bull or bear market?
It depends on what you bought.
If you bought right, it's a bull market every day, and pullbacks are just opportunities to get in.
If you bought wrong, it's a bear market every day, and rallies are just windows to escape.
How bad is $PONS's data right now?
In the last 30 minutes, not a single new coin was launched, not on the external market, but on the internal market—no coin in 30 minutes;
On the external market in the last 24 hours, only 4 coins were launched.
Protocol revenue in the last 24 hours was $240,000, less than a fraction of the peak period.
Yesterday's coin issuance was less than one-sixth of the peak period.
Market cap to revenue ratio is 3.5x, while $PUMP is only 2.8x.
This price is already considered overvalued unless the fundamental data improves.
半只猴子
PONS is still the cheapest across the entire sector, but is it cheap for a reason?
Just took a look at $PONS data:
Market cap: $417 million (over 31% burned)
24-hour revenue: $340,000
Revenue multiple: 2.81
24-hour change: -31.1%
Comparing with peers:
$PUMP: 4.22×
AERO: 4.51×
RAY: 4.89×
LDO: 7.90×
$HYPE: 26.3×
UNI: 29.5×
AAVE: 35.6×
2.81× is still the lowest on the board. PONS’s valuation multiple is only one-thirteenth of AAVE’s.
But there’s a signal this time, look at the small text in the red box: 24-hour revenue -31.1%. Revenue has dropped sharply; yesterday’s data was still $430,000, now it’s down to $340,000. The cheap valuation is because revenue is shrinking.
How to view this:
First, a low multiple doesn’t necessarily mean it will rise. The market gives PONS a low valuation because it is pricing in the risk of its revenue sustainability.
Second, the key is whether revenue can come back. If the next wave on-chain can pull revenue back up, the 2.81× figure has room for recovery.
Third, the significance of comparing with peers. $PUMP has been tested multiple times, with a valuation of 4.22×, possibly indicating the market sees PONS as riskier than $PUMP.
In short: it’s truly cheap, but there’s a reason for the cheapness (declining revenue). Next, we’ll see if revenue can recover.
