base:0x9b5e262cf9bb04869ab40b19af91d2dc85761722 has done the easy part. Now comes the interesting part.
From $0.0176 → $0.0288.
A 64% move off the low.
More importantly, price reclaimed the levels I was watching before the move :
$0.021–0.022 ✅
$0.026–0.0265 ✅
I now want to see whether $0.026–0.0265 flips into support.
Hold it + form a higher low → structure keeps improving.
Lose it → breakout needs reassessment.
The next useful information won’t come from another +20% candle. It’ll come from the pullback.
base:0x9b5e262cf9bb04869ab40b19af91d2dc85761722 My map after the selloff was simple :
$0.017 → defend the low
$0.020–0.021 → first reclaim
$0.021–0.022 → lost support / real test
$0.0265 → structure repair
Price has now bounced from $0.0176 to $0.0216, with a wick above $0.022.
This is the first part I actually care about.
But touching lost support ≠ reclaiming it.
What I want now :
close above the zone → hold it → higher low
Do that, and the breakdown starts looking like a failed move.
Reject here and $0.0176 remains exposed.
For days I said I wouldn’t call the bottom before the market gave evidence.
This is the first evidence.
Now it needs confirmation.
20% of $STONK supply is gone. That's the stock. The flow is what matters.
Daily revenue : $1.16M on Sep 29 → $456k on Oct 5 (a Monday, so not a weekend dip).
Burned : 2.75M → 1.39M STONK.
Revenue fell 61%, burns only ~49%. Why? ~60% of fees always buy STONK on the open market, and a lower price means each dollar burns more tokens (~3.9 per $1 then, ~5.1 now).
So the burn cushions a falling price. It can't replace volume. Volume is the thesis.
"75% of fees go to buy and burn $ZRO" is true. But read the order of operations.
ATLAS charges one all-in fee. First, the trading venue takes a rebate : 20% to 65%, higher for venues that stake more ZRO or bring more volume. Only what's left gets split : 25% to the market creator, 75% to buy and burn.
So per $100 of fees :
• venue at 20% rebate → $60 burned
• venue at 65% rebate → $26 burned
The venues bringing the most volume are the ones getting the biggest rebate. So the burn rate on the volume that matters will likely sit near the low end.
Fair point for bulls : the top rebate tier requires staking up to 1% of supply (10M ZRO). That's a real sink.
But ATLAS isn't live yet. No launch date, no named venues.
What IS live : Stargate buybacks. 2.54M ZRO bought on the open market so far.
What's coming on Oct 20 : the monthly unlock, 23M ZRO ($50M).
One monthly unlock ≈ 9x every open-market buyback to date.
Good design. The bull case is ATLAS signing real venues fast enough that burns outrun 23M ZRO/month of new supply.
$ZRO, this is a great weekly chart, and the FA has clearly improved dramatically with Atlas coming in the next few weeks and 75% of fees will be going to buying the native token. These aren't small volumes either. There is a very high ceiling potential imo overall
Will take it as it comes but it could end up being one of the better plays of the cycle.
Good business. Read the token part twice.
USD.AI lends against GPUs : $650M TVL per the team, $311M in active loans per DefiLlama.
Last 30 days : $4.4M in fees, $444k kept by the protocol. Most of the yield goes to depositors, as it should.
$CHIP is a governance token. Today it has no automatic claim on that revenue : buybacks only happen if holders vote to send surplus there. Staked CHIP is also the backstop if a loan goes bad.
So you're betting on two things : the loan book keeps growing, and governance turns on buybacks.
$CHIP is starting to look quite nice..
USD.AI continues to grow MoM, now at ~$646M TVL, with roughly ~$504M deployed into the loan book.
One of the more overlooked mids that fits the current meta perfectly + has one of the more novel underlying business models in crypto.
Among a handful of alts on my watchlist that I think can accelerate if rotations comes around.
Pullback near the green box is a strong add candidate.
base:0x9b5e262cf9bb04869ab40b19af91d2dc85761722 My map after the selloff was simple :
$0.017 → defend the low
$0.020–0.021 → first reclaim
$0.021–0.022 → lost support / real test
$0.0265 → structure repair
Price has now bounced from $0.0176 to $0.0216, with a wick above $0.022.
This is the first part I actually care about.
But touching lost support ≠ reclaiming it.
What I want now :
close above the zone → hold it → higher low
Do that, and the breakdown starts looking like a failed move.
Reject here and $0.0176 remains exposed.
For days I said I wouldn’t call the bottom before the market gave evidence.
This is the first evidence.
Now it needs confirmation.
Today, Nockchain’s dual-PoW design targets roughly :
30% AI-PoW
70% ZK-PoW
The draft Anthropos upgrade proposes flipping that :
70% AI-PoW
30% ZK-PoW
Important : this is not a token allocation.
It’s a target for which type of computation wins blocks.
AI-PoW performs verifiable INT8 matrix multiplication, the core operation behind modern AI workloads.
ZK-PoW performs cryptographic proving work.
Both compete to extend the same chain.
So if Anthropos ships as proposed, most block opportunities would progressively shift toward the AI-compute side of the network.
That’s a much more concrete version of “Proof of Useful Work” than the slogan suggests.
Still draft. Not activated yet. base:0x9b5e262cf9bb04869ab40b19af91d2dc85761722
ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 unlock day. The part most people skip :
Today 1.41B ENA from early investors unlocks at once. That's their last 17 monthly tranches (78.1M each, originally through March 2028), pulled forward into one day.
What changes after today :
• Before : 212M ENA scheduled per month (investors 78M + team 94M + foundation 41M)
• From November: ~134M per month (team + foundation only)
• That's 37% less new supply every month for the next 17 months
So the trade is one heavy supply day now in exchange for a lighter calendar after. Watching how it unfolds.
Something important is happening under the hood at $NOCK.
Nockchain is no longer just experimenting with a single proof system.
The latest activated protocol upgrade, Logos, introduces dual Proof-of-Work.
Why is that interesting?
Because the long-term Nockchain thesis isn’t :
“find the perfect mining puzzle.”
It’s closer to :
let different forms of verifiable computation compete to secure the same monetary network.
That architecture matters.
Today, useful AI compute is still a proposed design, not something I’d pretend is fully live.
But the consensus layer is already evolving toward supporting multiple kinds of work.
And the next draft upgrade, Anthropos, goes further by proposing a 70/30 puzzle allocation.
Bitcoin proved a market can coordinate around energy.
Nockchain is asking whether a monetary network can eventually coordinate around energy + heterogeneous compute.
That experiment is getting more interesting.
Plumber take : before you underwrite a machine’s revenue, ask if the machine is real.
peaqOS Verify is live, 6th peaqOS function. Secure chip signs a challenge ; peaqOS checks it against the OEM cert chain. Operator business gets verified too. Both land on the machine’s onchain ID.
Doesn’t print buybacks by itself. It makes every later claim (rating, data, yield, financing) less fakeable.
$PEAQ
Robots and machines can now prove they're real
Introducing peaqOS Verify, the sixth function of peaqOS
→ The machine's secure chip signs a challenge and peaqOS checks it against the manufacturer's certificate chain
→ peaq verifies the business operating the machine
→ Both anchored to the machine's onchain identity, readable by anyone, on whichever chain the machine calls home
The foundation every other function rests on
peaqOS Verify is live
base:0x9b5e262cf9bb04869ab40b19af91d2dc85761722 just gave us useful information.
We had a clean level :
$0.026–0.0265 = reclaim
Price tested $0.0264.
And failed.
Now we’re back around $0.023.
That’s not what bulls wanted, but it makes the chart simpler.
My map :
$0.021–0.022 → defend
$0.026–0.0265 → reclaim / acceptance
$0.029–0.031 → major structure repair
Until $0.0265 is reclaimed, I treat this as consolidation after a breakdown, not a new uptrend.
Lose $0.021 and the current base thesis is invalidated.
Reclaim $0.0265 and suddenly we have something interesting :
a potential failed breakdown.
Same fundamental conviction.
Higher technical standards.
The most interesting base:0x9b5e262cf9bb04869ab40b19af91d2dc85761722 idea might actually be economic, not technical.
GPUs already have value because people want compute.
Nockchain is experimenting with something different :
Can the same computation have TWO economic outputs?
Serve an AI inference request
Simultaneously contribute work to securing a monetary network
That’s why “merge-mining inference” matters.
Instead of :
energy → mining
you potentially get :
energy → useful inference
↘ network security
The AI Compute Network is already live.
The next milestone is the harder part :
routing actual compute demand into it.
If that works at scale, miners aren’t just competing for block rewards.
They’re competing inside a market for useful computation.
That’s a very different PoW model.
Still experimental. Demand has to materialize.
But the incentive design is what makes base:0x9b5e262cf9bb04869ab40b19af91d2dc85761722 fascinating to me.
ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 around $0.27 this morning.
Up about 11%.
October 5, the rest of the original investor tokens unlock in one shot.
The monthly investor drip ends that day.
Team tokens stay on the old schedule.
Four days out, and it's bid anyway.
gm degens ☀️
Bitcoin at $84.3k this morning.
Up from yesterday's $83.2k.
The $82.9k low held.
$85k traded yesterday and didn't stick.
Better open. Same shelf.
StonkFun fees hit solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx two ways.
Pair quoted in SOL or USDC : fees are claimed, 60% buys solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx on the market, then that solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx is burned. The rest is kept.
Pair quoted in solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx : the fee is already solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx, so it gets burned. No buyback.
Sep 29 : $1,163,248 in fees, $703,175 of buybacks, 2.75M solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx burned. One day.
StonkFun Revenue
(September 29th)
Revenue: $1,163,248
Buybacks: $703,175
Burned: 2.75M solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx
stonkfun.xyz/revenue
gm degens ☀️
Bitcoin at $83.2k this morning.
Overnight it ground down from Tuesday's $83.5k close.
Low near $82.9k held, higher than Monday's $82.6k.
Still under the $85k shelf.
Midweek open : the floor is intact, the shelf is unpaid.
Hold $82.9k and the higher low stands.
Lose it with acceptance and we're back in Monday's range.