@heat
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heat retweeted
i think people are still seriously underestimating 旺柴 (wangchai)
bnb needs a runner.
and imo this has one of the cleanest meme narratives on the chain right now.
旺柴 is basically the chinese $DOGE.
not some random ai-generated dog someone created last week.
it comes directly from chinese internet culture and the classic 旺柴 shiba sticker used across wechat.
and wechat/weixin isn’t some niche app either.
we’re talking about 1.4b+ monthly active users.
that’s what makes the narrative so interesting to me.
doge became one of the biggest memes in crypto because everybody recognized the dog.
旺柴 already has that cultural recognition across an absolutely massive chinese user base before crypto even enters the conversation.
now put that meme on bnb chain.
chinese narrative.
wechat doge.
bnb ecosystem.
simple enough for anyone to understand in 5 seconds.
that’s exactly what you want from a meme.
and today we got another interesting signal.
aspecta futures just added 旺柴 as a new market, letting people trade long/short exposure with no traditional liquidation risk and multiple settlement windows.
aspecta itself is backed by yzi labs.
so yeah, seeing 旺柴 starting to appear around infrastructure connected to the broader binance ecosystem definitely caught my attention.
does that guarantee binance alpha?
obviously not.
but personally, i wouldn’t be surprised at all if alpha ends up being the next major catalyst.
and if that happens, i think the narrative gets significantly stronger.
bnb has had plenty of memes.
what it still needs imo is a proper cultural runner that people can instantly recognize and rally around.
旺柴 fits that setup almost perfectly.
the chinese doge.
one of wechat’s most recognizable meme dogs.
native chinese internet culture.
1.4b+ weixin/wechat monthly users behind the culture it comes from.
bnb chain.
aspecta futures exposure.
yzi-backed infrastructure now putting a market around it.
and potentially binance alpha somewhere down the road if momentum keeps building.
memes don’t need complicated tech.
they need culture.
recognition.
distribution.
community.
and a narrative people instantly understand.
旺柴 has all four.
i’ve been skeptical as fuck about memes for years, but this is exactly the type of setup that gets me interested.
bnb needs its runner.
i think 旺柴 has a real shot at becoming it.
watch what happens if binance starts paying attention.
旺柴 $WANGCHAI
0x14f6a94909c407854390aa2d2462a3095d317777
12 hours.
Biggest day for Nullmask so far since launch.
solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7
Solana is coming to NullMask ☀️
🗓 October 23
⏰ 4 PM UTC
Deposit, hold a private balance, send privately and withdraw. Now on Solana.
Set a reminder.
app.nullmask.io
funny as fuck watching people line up to get rugged by the same recycled privacy larp for the third time…
first alpha zc.
then veil.
now we got zc “reborn”.
“devs” cooking so hard they might accidentally burn the whole kitchen down.
what a time to be alive ngl.
Privacy Lives on.
Roadmap : zipcoin.zip/
Zipcoin Reborn // a shielded pool for $ZC on @0xbowio audited privacy pools core. Groth16 proofs generated in your broswer, vetted deposits, ragequit at any time, immutable pool contracts.
No team allocation, No bundle, Open opportunity for early believers. Vitalik Vision continues
heat retweeted
alright ran the solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7 math after month 1.
simple question: what should MASK be trading at relative to the revenue the protocol makes?
the metric: FDV ÷ annualized protocol revenue (xRev)
Nullmask takes 0.5% on deposits and 0.5% on withdrawals. 100% of that goes to solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7 buybacks
month 1 in MRR / ARR terms:
fees today: ~$27k/d → ~$820k MRR → ~$9.8M ARR
buybacks last 30d: $706k spent → 22.6M MASK bought → 21.9M burned, that’s $8.47M/yr in buybacks.
vs the top 15 protocols by buybacks
Nullmask Protocol is almost a $10M/yr business in less than 4 weeks from its launch, that buys back 19.2% of supply a year. making it the second major protocol on the chart, behind only PONS (35.2%) and ahead of PUMP (17.6%), HYPE (3.3%) and UNI (2.3%).
here's an outlook of what future revenue means:
fees are growing ~5.8%/day, doubling every ~12 days, and 100% goes to buybacks:
today: $27k/d → $820k MRR → $9.8M ARR
Oct 30: $39k/d → $1.2M MRR → $14.2M ARR
Nov 9: $69k/d → $2.1M MRR → $25.2M ARR
Nov 15: $100k/d → $3M MRR → $36.5M ARR
so, here's what MASK should trade at using the buyback yield = payout ÷ xRev maths:
PUMP: 50% payout at median 2.04-2.51x
PONS: 80% payout → parity at 3.26-4.01x
MASK: 100% payout → parity at 4.1-5.0x
MASK returns 2x what PUMP does per dollar of revenue.
following the current growth trend, fair value at 4.1-5.0x (xRev) for solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7 would be:
$27k/d (today) → $9.8M ARR → $40-$49M FDV
$69k/d (Nov 9) → $25M ARR → $103-$126M FDV
$100k/d (Nov 15) → $36.5M ARR → $149-$183M FDV
do with this information what you want.
people are still sleeping on what’s happening around solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7.
look at the first chart.
$MASK is sitting #2 among major protocols by annualized supply bought back, with ~19.2% of supply being bought back on an annualized basis.
~$705k already spent on buybacks.
22.5m+ MASK bought.
21.9m+ MASK already burned.
and this is happening while the project is still sitting at a relatively tiny valuation.
now look at the second chart.
$ZEC leading the market.
privacy-related narratives getting attention again.
capital slowly rotating back into the sector.
that’s exactly the environment i’ve been waiting for.
privacy isn’t dead.
it was just early.
if this cycle keeps expanding, projects with real product + revenue + buybacks are going to separate hard from the usual narrative coins.
$MASK already has the product.
already has usage.
already has fees.
already has buybacks.
already has burns.
and the privacy narrative is starting to wake up again.
this is the kind of setup where fundamentals + narrative can finally meet.
still think the market is massively underpricing it.
$MASK
heat retweeted
Yesterday, with just a hint of BTC strength, WangChai ended up rallying from 4.8M to 17.5M in a single day.
That eagerness to bid so aggressively wasn't really seen in other coins across the market that have already experienced their initial wave up, and I think that's a massive signal.
Right now, it's sitting at a demand zone it left behind after exploding through the local highs around 8M, now retesting this area as a potential new low point. A premium price just 2 days ago, acting as a discounted price today.
I believe the next higher high will simply be a new all time high for WangChai, given the price action it continues to demonstrate: high velocity swings backed by significant volume. If the BTC move played out yesterday, and price moved to 90-100K, WangChai would have gone to new all time highs within a day.
Right now BTC is spooking people a little, while it simply consolidates above the weekly demand POI at 79,600. We saw a swing failure at the key 84-85K upside level, but the overall setup remains intact. It will just take a little longer for the long setup to reform.
Of course, the long setup can ultimately fail, but right now, there is nothing that suggests the untapped 79,600 level won't hold if tested. These levels often need to be tagged before the long setup can fully play out. It is a high probability setup until proven otherwise.
BTC can also bounce and take many forms along the way before the structure reclears.
I can see, that WangChai is going to shock the market with how hard it will run.
i think people are still seriously underestimating 旺柴 (wangchai)
bnb needs a runner.
and imo this has one of the cleanest meme narratives on the chain right now.
旺柴 is basically the chinese $DOGE.
not some random ai-generated dog someone created last week.
it comes directly from chinese internet culture and the classic 旺柴 shiba sticker used across wechat.
and wechat/weixin isn’t some niche app either.
we’re talking about 1.4b+ monthly active users.
that’s what makes the narrative so interesting to me.
doge became one of the biggest memes in crypto because everybody recognized the dog.
旺柴 already has that cultural recognition across an absolutely massive chinese user base before crypto even enters the conversation.
now put that meme on bnb chain.
chinese narrative.
wechat doge.
bnb ecosystem.
simple enough for anyone to understand in 5 seconds.
that’s exactly what you want from a meme.
and today we got another interesting signal.
aspecta futures just added 旺柴 as a new market, letting people trade long/short exposure with no traditional liquidation risk and multiple settlement windows.
aspecta itself is backed by yzi labs.
so yeah, seeing 旺柴 starting to appear around infrastructure connected to the broader binance ecosystem definitely caught my attention.
does that guarantee binance alpha?
obviously not.
but personally, i wouldn’t be surprised at all if alpha ends up being the next major catalyst.
and if that happens, i think the narrative gets significantly stronger.
bnb has had plenty of memes.
what it still needs imo is a proper cultural runner that people can instantly recognize and rally around.
旺柴 fits that setup almost perfectly.
the chinese doge.
one of wechat’s most recognizable meme dogs.
native chinese internet culture.
1.4b+ weixin/wechat monthly users behind the culture it comes from.
bnb chain.
aspecta futures exposure.
yzi-backed infrastructure now putting a market around it.
and potentially binance alpha somewhere down the road if momentum keeps building.
memes don’t need complicated tech.
they need culture.
recognition.
distribution.
community.
and a narrative people instantly understand.
旺柴 has all four.
i’ve been skeptical as fuck about memes for years, but this is exactly the type of setup that gets me interested.
bnb needs its runner.
i think 旺柴 has a real shot at becoming it.
watch what happens if binance starts paying attention.
旺柴 $WANGCHAI
0x14f6a94909c407854390aa2d2462a3095d317777
heat retweeted
Another all time high. Mask on.
New all-time high 📈
$6.3M in private volume in a single day.
$31.6K in protocol fees.
Every withdrawal earns Points in Season One.
Invite friends and earn 20% of their protocol fees, plus a share of their Points.
app.nullmask.io
heat retweeted
hot take but i already said this about $ZC when everyone was hyping it.
the project was limited by design.
the architecture had a ceiling, the product scope wasn’t comparable to what people were making it out to be, and imo it was always going to struggle the moment the narrative cooled off.
back then i got called biased because i was bullish on $MASK.
fair enough.
but this is exactly why i keep saying: stop blindly aping every “tek” project just because someone wrapped a few zk/privacy buzzwords around it.
learn the architecture.
check what’s actually proprietary.
check the dependencies.
check the limitations.
check whether the product can realistically expand beyond its first use case.
vibecoded tek eventually gets exposed when the market stops rewarding the narrative.
people can call research “bias” when they don’t like the conclusion.
time usually does the arguing for you.
not every privacy project is built the same.
not every “similar” project is actually competition.
do the fucking research.
hot take over.
This Post is from an account that no longer exists. Learn more
heat retweeted
About yesterday's PHP / Railway incident:
NullMask is not affected.
The pool, the app and your private balances are safe and working as usual. No action is needed on your side.
Our team monitors security advisories across our entire stack every day. When something breaks in the ecosystem, we already know about it. 🛡️
Shield on.
hot take but i already said this about $ZC when everyone was hyping it.
the project was limited by design.
the architecture had a ceiling, the product scope wasn’t comparable to what people were making it out to be, and imo it was always going to struggle the moment the narrative cooled off.
back then i got called biased because i was bullish on $MASK.
fair enough.
but this is exactly why i keep saying: stop blindly aping every “tek” project just because someone wrapped a few zk/privacy buzzwords around it.
learn the architecture.
check what’s actually proprietary.
check the dependencies.
check the limitations.
check whether the product can realistically expand beyond its first use case.
vibecoded tek eventually gets exposed when the market stops rewarding the narrative.
people can call research “bias” when they don’t like the conclusion.
time usually does the arguing for you.
not every privacy project is built the same.
not every “similar” project is actually competition.
do the fucking research.
hot take over.
This Post is from an account that no longer exists. Learn more
heat retweeted
New all-time high 📈
$6.3M in private volume in a single day.
$31.6K in protocol fees.
Every withdrawal earns Points in Season One.
Invite friends and earn 20% of their protocol fees, plus a share of their Points.
app.nullmask.io
tbh, this accumulation zone / sideways chart reminds me of when we were sitting around $20M–$25M, struggling to break through $30M levels.
probably nothing, right? just zoom out.
we could retest $50M soon, and after that, $60M–$80M with the solana integration catalyst.
we’re still so early. (btw, real MC is around $27M–$30M since fomo shows FDV, lol. kinda bullish imho.)
lock in. get your entry now or cry l8r at $60M FDV.
imagine selling for chips with all these catalysts coming up. couldn’t be me.
solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7
heat retweeted
another day, another protocol volume ATH for solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7 🤷🏻♂️
~$6.3m in 24h.
yesterday was already a fresh ATH at ~$5.4m btw.
volume keeps climbing, usage keeps growing, fees keep coming in and supply keeps getting burned.
people can keep staring at the chart if they want.
i’m watching the actual business underneath it.
$63.7m total volume.
$1.9m in holder rewards.
2.52% of supply already burned.
and we’re still early as fuck.
app.nullmask.io/analytics
$MASK
