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'Robinhood chain is dead on arrival'
'bonk guy keeps screaming about it because he got paid'
that's basically all i've heard since i started talking about the chain over the past two weeks
meanwhile, i'm up over 500% (more than $300k) in a week from a $67k investment in $PONS, the leading launchpad on Robinhood chain
the funny part?
people said i was 'late'
interesting story:
$PONS was first shilled to me in a trenches chat around a $300k market cap while Noxa was still the dominant launchpad
i ignored it because i had too much going on and was being pitched dozens of new tokens every day
the moment Noxa announced it was shutting down, i realized $PONS had a real shot at becoming the chain's dominant launchpad
by then, it was already around a $4m market cap
most people would've called that 'too late'
especially since they originally faded it at such a low market cap
i thought differently
i bought it around $4m market cap i.e. 13x higher than when i first saw it!
i bought more around $9m after my conviction increased
then i bought even more around $6.5m on the pullback after
today, i'm still up more than 500% on my average entry
the lesson?
people love calling everything 'too late'
instead of simply looking at the data:
• Robinhood chain has been one of the hottest and most active blockchains in crypto since its launch
• the largest token on the chain has only reached around a $200m market cap
• the leading launchpad controls roughly 67% market share, launches around 10,000 tokens every day, and is still only around a $28m market cap
• there still hasn't been a single $500m runner on the chain
to me, that doesn't look like a chain that is too late or dying soon
it looks early
you can be an armchair critic predicting every new trend will die because the last one did
or you can study the data and position accordingly
FOR THE CURIOUS:
the screenshot in this post is from the FOMO app, where i first entered my $PONS position
i've been taking a lot more trades there recently, including higher-risk trades that i don't post anywhere else
if that's your thing, you can follow me there: