Romano Del Sol

CCM: Why does it matter. My $VCM thesis worked out perfectly, at one point, I had a 5x from my initial position. I partially took profits and now I’m open to new ideas. One of them is a bet on the streaming meta. Below I’ll explain why I’m paying attention to it and which specific play I’m looking at. As always: my thoughts below should not be taken as financial advice or an investment recommendation. TLDR: Bullish on $BAGWORK. 1. Competitive offering. Traditional streaming platforms today have two major drawbacks: > the fight for attention > the long runway from launch to first meaningful profit (on average 2 years, unless you have significant backing) The distribution of attention also needs careful analysis. It’s safe to say that 5% of streamers control 60% of the viewers and mostly monetize through gambling, casinos, and other destructive methods. This slowly destroys reputation and basically resets all efforts back to zero. So what can the CCM meta offer? First of all, it gives established streamers a new way to monetize. Engagement levels will depend on the type of content being streamed. The stronger the reputation + the more relevant the content demand, the more attention the streamer can capture. What about those starting from scratch? Obviously, they’ll need to build trust. I see a few ways to do that: + clear and detailed info about their content plan and execution + transparency regarding accumulated funds + hitting an audience’s current demand (something people actually want to watch) Right now I know of 2 platforms actively moving into streaming: PumpFun / Abstract. Since the main liquidity sits on PF, I’m focusing there. The goal is to make one concentrated, clear bet with expected thesis execution. The key question: is there a chance for recovery? Since I remain optimistic on Q4 and see strong engagement from the PumpFun team in the streaming meta, I decided to take a small position in $BAGWORK. In my view, the chance of a rebound is significant, and it will depend on PumpFun’s platform updates. Here’s what I’m waiting for specifically: > API key to connect with other platforms > more filters for reputation verification (links to socials) > new reward structure, incentives for clippers in the streamer’s token That’s all in theory, but I’m confident any UI improvement on the streaming platform will resonate positively with the community and the main beneficiaries will capture liquidity ($BAGWORK is the only legit one on this list). On-chain. Obviously, if no one else shared my optimism, I wouldn’t even consider this idea. But there are a few on-chain whales worth your attention: DVEvSAJ2xPQsvnhf2o3Z7Lm1pButvywDoznR2e6A65nf – bought at the very top, total $272k, down 32% (moved $50k to another wallet) Gry8n3nmrwaiHPT1bTm8Be5Zq8hvsrN7VtJNFj3X4Q35 – total buys $92k, down 36% 5SSM23Y1RLdTfnsok9mNDGGD8i4QhEea9QXkRGPHTiaD – net inflow $60k, down 20% BsPFFuXTkr1y9W48irDTCJJrEmG9P9YKQAJVNdnMdNfg – buys $81k, down 38% P4bqBC1hS3KF5qL1GkTM2AibXapWUVsnoJcQoVxs2qY – buys $73k, down 17% 6K84ZGKXsxixCaoEiiNudkzUoqiqTHocMidJfp2jyFms – buys $43k, breakeven *most of them are still accumulating $BAGWORK at the current prices. These wallets alone give a clear picture of whale positions (either underwater or breakeven). If you’re bullish on the future of the CCM meta, then $BAGWORK is the clearest and simplest play. I’m looking for a fast 5x–10x. A few links: l Why icm = ccm (nitter.gq/Nic_Wenzel_1/status/19…) l Alon hinting at CCM revival (nitter.gq/a1lon9/status/19720625…) l @officialbagwork team likely headed to Token2049 (nitter.gq/officialbagwork/status…) l @lbexplorer thoughts on CCM (nitter.gq/lbexplorer/status/1968…) I won’t overload you with boring info. Just for context: if you’re an average Twitch streamer with a few partnerships, you typically earn between $30–80 per hour. Meanwhile, we’ve seen examples of streamers on PF making $1k a day in just a couple of hours without partnerships and without damaging their reputation. That’s my thesis.

Bonkfun Thesis: Exploring the Potential of $VCM and $WHATRR Over the past two months, I’ve been publishing research on some of the most underrated games in the Base ecosystem. Now that those have played out, I’m continuing the hunt for undervalued opportunities — and today, I want to share my thesis on Letsbonk and try to highlight its untapped potential. As always: the thoughts below should not be taken as financial advice or investment recommendations. 1. Context At the moment, the on-chain market offers little in terms of fresh runners. Looking back, we’ve seen major meme seasons, AI agents, and utility-based projects. Liquidity was flowing well, and nearly every day some idea would explode to 7–8 figures. Recently, we saw a mini-season on Base, and a short ICM burst on Solana — but a misalignment between team and community quickly caused that wave to lose steam. Pump.fun, once the dominant launchpad for memes and early-stage ideas, has lost nearly all of its Solana market share after launching its own token. The field is now wide open — and with degenerates exhausted, we’re lacking a clear narrative that could reignite the Solana energy. That’s exactly why I decided to share this vision and highlight a potential opportunity in the Letsbonk ecosystem. Some numbers worth noting: > 65% ecosystem dominance across Solana > ~200 tokens crossing the launch threshold per day > 86% daily volume dominance across all launchpads > $1.1M daily fee revenue Source: dune.com/adam_tehc/memecoin-… So it’s clear: right now, mindshare and liquidity are concentrated in the Bonk ecosystem. My #1 rule when choosing DCA projects is to follow where liquidity is. That’s why I believe my thesis here has a good chance of playing out, and the market reacting positively. I’m fully excluding low-conviction meme coins from my watchlist. If I don’t feel confident in a token — I don’t touch it. @SolportTom has made it clear that ICM-oriented projects are a top priority — you can see this reflected in his recent tweets (nitter.gq/SolportTom/status/1931… , nitter.gq/SolportTom/status/1950…). Also take a look at @iamkadense's tweet (nitter.gq/iamkadense/status/1951…). The simple conclusion here is that the more projects are deployed in the launchpad the more team will strengthen the dominance over PF / Believe. Let’s break down the key plays I’m focused on: 1. $VCM A more detailed breakdown can be found here: nitter.gq/r48_eth/status/1946223… Below is a quick update on what’s happened since that post. > The final pre-launch updates have already been implemented and are now in testing (1–2 weeks left). > More info: nitter.gq/TradeVala/status/19487… > They continue onboarding Web3 influencers (@bandosei, @web3nicol) > In Discord, the team has stated they’re working directly with the Bonk team > Marketing strategy (including TikTok) is set to roll out post-launch From the on-chain side, there are both positives and red flags. The bad thing is the team bought back ~30% of their tokens from the market, averaging around 200k–400k mcap. They're now sitting on a 5x. To [@x0RADA, @sirceen, @RealMug3n] — I’d like to ask how you plan to manage those tokens and how the community should interpret these buys? At the very least, I’d suggest consolidating all tokens from those ~27 wallets into a single one and locking them. I won’t post the wallets here — they’re easy to find on-chain. As for degens, here are some interesting wallets: That said, there are some sharp addresses accumulating worth tracking. Most of them consistently buy dips. 2. $WHATRR @stevenhowell99 is the CEO of Whatrr, a startup selling water in eco-friendly bottles made from carbon and gas mix. The token address is literally printed on the bottle (nitter.gq/stevenhowell99/status/…). You can buy a pack of 24 bottles for $20. Considering the trend toward sustainability, this seems like a product with mainstream potential. Tokenizing the brand allows it to expand reach, while incentivizing a more passionate user base. There’s a claim that over 500k bottles have already been sold (nitter.gq/cyberbulk911/status/19…), though I haven’t seen this confirmed directly by the founder. If true, that implies $10M+ in total revenue, which would give us an FDV/revenue ratio of <1. That’s extremely low. Token utility ideas suggested @stevenhowell99 are the following: > Token buybacks funded by product sales > Ability to purchase the product using the token Growth potential here is exponential. Even landing a deal with Walmart + a solid marketing push would be a huge win. Current mcap of ~$3.1M feels more like undervaluation than overextension. By the way, I didn't find any redflags on on-chain, quite the opposite wallets are accumulating hard. My suggestions for @stevenhowell99: +Publish a detailed roadmap for both the product and token +Share hard numbers on sales (even rough figures would help) +Create an official X page for the brand Steven has locked his token allocation (nitter.gq/stevenhowell99/status/…) which gives additional confidence in his long-term commitment. Also, @SolportTom has shown repeated public support (nitter.gq/SolportTom/status/1951…) plus the X follow, which is always a good sign. R/R here is attractive. 3. Conclusion. I’ve excluded a few names like $DEL and $NYVO, as I don’t clearly see the value or catalysts behind them yet. What’s left are $VCM and $WHATRR — both of which have visible support from the Bonk team and align with the ICM narrative. Could future launches shift things? Absolutely. There are always risks — from the return of the Pump.fun or Believe meta to on-chain manipulation (in $VCM’s case). Be aware: I could be wrong, and these tokens might go to zero. Anything can happen. These are high-risk plays, and there’s a very real chance they don’t work out. But if my thesis plays out, the inflow of liquidity could lead to significant price movement. As a hedge, I’m taking an additional position in $GP. With $100k daily buybacks, it looks like the strongest play right now. If the team expands into the ICM meta, metrics will only improve (nitter.gq/narcissistsgod/status/…) and from an R/R perspective, I like it despite the relatively high mcap. I’ll circle back in a few weeks with updates. @SolportTom, @GraphiteProto, @LiveBonk, @bonkfun, @iamkadense, @theunipcs

$VCM thesis: First utility coin on the Bonk ecosystem (potentially undervalued). Today’s a short research note on the emerging project @TradeVala — and why I believe it has real growth potential. My core points: — [first?] Utility coin on Bonk Eco — Team includes ex-TikTok, YouTube, Coinbase, Gemini, Amazon — Clean token flywheel (revenue sharing + buybacks) — Low valuation ($2M FDV) — clear catalyst (open an access to everyone) As always: Thoughts expressed below should not be considered as financial advice or investment recommendations. 1. Overview Vala is a social app similar to TikTok/Instagram, but with built-in trading and direct tipping features for content creators. From a broader perspective, current social networks lack a clear, native donation system. In the Web3 space, you either build a tipping layer on top of something like Farcaster — as Noice did — or build your own app from scratch. That’s exactly what the team at @TradeVala did. They built the app from the ground up, allowing users to: — Trade directly in-app (buy/sell any asset) — Tip content creators in any supported token — Invite your friend to get some fees and airdrops for using app — Enjoy the content (great UI/UX) Web3 culture is leaning further toward speculation — and as long as there’s liquid capital on the market, that’s not going away. Memes are part of CT (Crypto Twitter), and now imagine if every funny or engaging piece of content could be monetized. To me, the idea here is extremely simple — but also risky. That’s why I manage the position accordingly. 2. Token Flywheel / Tokenomics The main revenue for $VCM comes from trading activity (on the token or platform — still unclear), with 50% of those fees distributed as follows: — 60% burned — 35% revenue share (users earn tokens) — 5% to Vala development (the team) As outlined in this tweet: nitter.gq/TradeVala/status/19438… Obviously, I can’t estimate future buybacks right now — there’s just not enough data available — but we should keep in mind the app is currently invite-only. Since there are no buy/sell fees for the token itself, I assume fees come from: — Creator tipping — Platform trading Honestly, this is a unique value-generation model for a token, and I’m genuinely impressed by the logic behind it. As supporting context, take a look at their Q1 results (nitter.gq/TradeVala/status/19104…) and Q2 forecasts: > 1,000+ daily users > 25,000+ monthly views > 2,000+ daily engagements > 150+ daily transactions Did the team actually hit these numbers? I’m judging subjectively here, but based on average video views and interactions, I’d say the first two metrics were likely achieved. The others — I’m not so sure. From what I’ve seen on X, both the project and its founder have solid followings: With the official launch, I’m confident the team will get support from both Bonk Eco and the broader Solana community. The app looks great and feels unique. 3. Final Thoughts I won’t stretch this post too much — that wasn’t the plan. Here’s a quick summary of my key points and upcoming catalysts: — @x0RADA shares valuable insights, saying he’s spent over $1M on the platform and hired devs from Gemini, Coinbase, Amazon, TikTok, Solana Foundation, YouTube. Also, Vala is the only App Store-approved tipping app (nitter.gq/ChapoGrimey/status/194…) — @supercontraa shares his impressions — which I agree with (nitter.gq/supercontraa/status/19…) — @0xdetweiler hints at a potential new narrative (nitter.gq/0xdetweiler/status/194…) — @ChapoGrimey drops even more alpha — worth a read (nitter.gq/ChapoGrimey/status/194…) — @iamwinston did an intro-level breakdown of $VCM (nitter.gq/winstongch/status/1946…) — @0xBiZzy casually shills $VCM and praises the token (nitter.gq/0xBiZzy/status/1946050…), (nitter.gq/0xBiZzy/status/1946052…) — @x0RADA explains how $VCM works in simple terms (nitter.gq/TradeVala/status/19448…) One more thing I’d like to highlight — Vala is deeply integrated within the Solana ecosystem thanks to multiple partnerships with: Moonpay (nitter.gq/moonpay/status/1892228…), MagicEden (nitter.gq/TradeVala/status/19386…), StoryProtocol, Metaplex, Aptos, Shelby (nitter.gq/TradeVala/status/19455…) As for catalysts, I see a few potential ones: — Open access to the app (TBA) — Broad adoption within Bonk Eco (depends on whether $VCM gains attention) — Token incentives and a new airdrop season I’m more confident in the first catalyst. Judging by how ready the app seems, I expect the announcement soon. At the current $2M FDV, I don’t think the valuation reflects the actual potential based on the points I’ve laid out above. To me, this is clear undervaluation caused by a fragmented market. Also worth noting: the growing dominance of letsBonk over PumpFun only strengthens my thesis — since $VCM comes from the Bonk ecosystem, it has a shot at being recognized by a broader circle of influencers backing this launchpad. Time will tell if I’m right. But with the market in such great shape, no new runners, and few major listings — $VCM sits in an interesting spot and could attract wide liquidity. That said — this is high risk, and there’s a good chance I’m wrong. Adjust your risk profile based on the market cap, and you’ll be fine. Build your own conviction. frens: @game_for_one, @iruletrenches, @ScalpsXBT, @IAM_KAIDO Vala's fam: @TradeVala @x0RADA few invite codes: 26R177 , FLM55Z, OXO7T2, 6CBTNS, UIH3KH, GVBL5I, LBP3PEQ, HH4U4C, 3MPCIC, RC6LBI