@brixbounty

Bull and teddy bear case for Clanker. As if you need another long cast to read… 1. Overlooked in today’s cast by V re: $CLANKER - in addition to the buys with WETH the team also accumulates Clanker from trading fees, already now at 4K+ tokens total. However I am not sure what share of total liquidity pools the Clanker team really benefits from, as farmers have swooped in to catch a piece of the action. The lower the MC when these sells occur > lp fees happen the more Clanker is accumulated. Ironically a bit of sustained chop might secure more supply in the short term. 2. I just spent 15 min on base scan - a few take aways - what most folks are coming to understand - there aren’t enough tokens. Most of the top holders are now liquidity pools on dex and cexs and a hand full of Clanker whales - good on those folks for their conviction; they’ll be Clanker millionaires in due time. Someone should give us the juice via Nansen… 3. Ever since proxy-exit happened the team has missed a piece of the puzzle that directly correlated with mind share and attention. I’m bullish with the acquisition and access to merkle talent this will course correct in a variety of ways. (See Linda’s cast from today) 4. Coverage within broader crypto market likely hasn’t fully grasped potential upside to this deal all around - when Hayes tweets Yahtzee re “Clanker” we’ll know it’s reached a new point of saturation. Teddy bear cases > folks love speculation. To some degree a slight teaspoon of speculation is now removed from the puzzle. Yet clearly it’s not enough to stem the rising tide. > we still exist within the confines of macro. And there may well be a correction in the horizon as we continue to melt up in equities … I’ve been thinking about cycles, yatta yatta and been under the idea that if you plan to hold beyond a couple of moon cycles you want teams that you honestly think will be here a few years down the road. Merkle x Clanker seals this for me. > there will continue to be challengers for “token launchers” and as we saw with pump v bunk, some of these will take a bit of traffic away from the top dog - too early to see how much of an impact this will be. > without base token, there hasn’t been a sweet base wealth event in awhile, which limits to a degree how much size some of our native base traders have to set aside for longer term positioning, rotations from other ecosystems will naturally be shorter trips cause the koolaid hasn’t been consumed in sufficient quantity. > never taking VC funding meant Clanker missed a few natural cheerleaders (Call that the “nick skininthegame <> Dudas“ effect). Not sure that changes much by teaming up with merkle in the short term. I’ve long felt builders gain tremendous upside by launching with Clanker and this acquisition this week has only made this upside more impactful across a variety of surfaces. Clank Clank

2 replies

1 recast

49 reactions