Stacked

2021-10-28 00:26:32 Stacked Insights Newsletter, 10.27.21

BTC stutters, but no need to worry
The problem with Worldcoin
Polkadot holders are voting on a rebrand

BTC stutters but no need to worry

Last week, BTC broke through all-time highs before retreating below $64K. After attempting a run at fresh highs, BTC lost weak support zones and landed with a thud at $58K.

As always, the culprit was an over-leveraged market. Around $700 million worth of leveraged longs were liquidated within moments.

On Bitfinex alone, a trader was liquidated for roughly $135M worth of ETH. There are two lessons here:

Always set a stop loss (no matter what CT tells you)
You’re having a better day than the ‘finex trader

The apparent trend reversal hit altcoins even harder — unless, of course, you’re looking at SHIB. Now that SHIB has flippened DOGE, it’s time to start wondering what the action means for alts in general.

Is SHIB flippening DOGE a healthy sign for the market, or does it indicate excessive speculation? That’s a key question for the market to decide in the coming days.

The problem with Worldcoin

Worldcoin is an attempt at using crypto to distribute universal basic income (UBI) to every man, woman, and child on Earth. Built on Ethereum, Worldcoin at first sounds like a noble attempt to do good and simultaneously bring billions of people into crypto.

However, that’s where the good things about Worldcoin end. Its founders include Sam Altman, the Silicon Valley wunderkind behind Y Combinator. He’s seen fit to give VCs a hefty 20% cut of pre-mined Worldcoin tokens. Think about that: 20% of tokens to VCs for a coin with intended global distribution...

...And we haven’t even mentioned the part about eyeballs. Worldcoin decided to go ahead and create a round metallic ball dubbed ‘the orb’ whose job is to scan your eyeballs in exchange for crypto. The scan detects tells the system whether you have/haven’t already received Worldcoin.

The levels of dystopian nightmare involved in Worldcoin’s entire premise are astounding. But even worse is Altman’s apparent surprise at people’s reticence toward giving up their retinas for crypto.

Polkadot holders are voting on a rebrand

Polkadot is a ‘blockchain of blockchains’ aiming to unite all of crypto into a new decentralized internet. Ambitions of that scale require powerful branding, which is why Polkadot hired Koto, an all-star design agency that’s worked with AirBnB, Discord, Uber, and more.

Beginning today, Polkadot token holders can vote for their favorite design results from Koto’s studio. The voting process favors smaller DOT token holders using a mechanism called ‘quadratic voting’.

Essentially, quadratic voting gives more weight to wallets with less DOT in them. Since there are many more small wallets than there are whales, the results are decided by a broader collective rather than a few large holders. Open / Comment

2021-10-25 23:17:54 Stacked Insights Newsletter, 10.25.21

Crypto total market cap hits ATH
3 altcoins you need to watch
Stacked has traded $15 billion

It’s like every day in crypto is ATH day

Another day, another all-time high. This time, BTC is hanging just under previous highs, while ETH has definitively punched through to new highs.

Combined, BTC and ETH are crypto’s “big two” and have helped push the total market cap of all digital assets combined to $2.8 TRILLION. Yep, that’s the most money this little yet parabolically rising market of ours has ever been worth.

Keep in mind PlanB’s notoriously accurate S2F model still sees BTC at $135 billion before the year’s end. If we reach such heights, the total market cap will be at least 2x from here.

Therefore, choose your runners wisely and remember the saying a “rising tide lifts all boats.”

The holy DeFi trinity — watch these tokens

Today, there are over 5,000 tokens across CEX and DEX marketplaces. With so many assets to choose from, which represents the cream rising to the top? Figuring that out is all about identifying trends.

Forget about hopping on a trend super early — doing so is difficult, rare, and if it’s all you focus on, you’ll lose easier opportunities. Instead, seek out narratives with strong legs and obvious momentum.

Right now, the DeFi 2.0 meme is just such a trend. The holy trinity of that trend is built around the Curve Finance ecosystem. It’s locked in tens of billions of dollars from liquidity providers worldwide and shows no signs of stopping.

$CRV

Curve is a decentralized exchange for stablecoins that, in terms of TVL, left Uniswap in the dust long ago. At $14B TVL, Curve sits just behind Aave and Maker, yet sits incredibly low on the market cap leaderboards. Consider its tokenomics encourage CRV token lock-ups, CRV is incredibly undervalued here.

$SPELL

The hype on SPELL started quietly but has bubbled up now that it’s entered the token top 100. Still, hardly anyone understands this powerful token. In a nutshell, SPELL is the do-everything token for the Abracadabra yield-bearing assets into stablecoins vault. Abracadabra has conjured almost $4B in TVL and counting.

$CVX

To the untrained eye, Convex looks like a Curve clone. However, it works in tandem with Curve to significantly boost Curve rewards. The result is depositing in Convex is too good to pass up for Curve liquidity providers, which is why the platform now shares nearly all of Curve’s liquidity.

Stacked has traded $15 billion worth of assets

At Stacked HQ, we’re not ones to toot our own horn. We much prefer building the future of investment products. But we just hit a major milestone that’s too important to not shout about.

We just passed $15 billion in assets traded

Even though we set out to create the best crypto investing platform there is, it’s incredible to have supporters the world over CONFIRM what we’re doing. Big numbers like these make deepen our conviction that our path is the right one — THANK YOU

As always, you’re welcome to try Stacked for free right here, right now. Open / Comment

2021-10-22 21:30:53 Stacked Insights Newsletter, 10.22.21

Bitcoin & Ethereum reject highs
The fight for the metaverse is ON
FTX raises $420 from 69 investors

Bitcoin & Ethereum reject highs

BTC cemented new all time highs above $64K, giving everyone a chance to celebrate and circulate new ATH memes, before fading to $60K.

ETH, on the other hand, wasn’t as lucky. By some measures it did momentarily reach a new all-time high. For a few seconds, Bitstamp recorded ETH at $4,380. But just moments later bears were able to recapture momentum, pushing ETH back below $4K with apparent ease.

With both BTC and ETH trending the wrong way, how far will they correct? Yesterday, BTC closed below the 1D trendline in play since early October. With that inertia temporarily lost, BTC will need to spike well above $66K if we want to quell any talk of ‘double tops’.

In Ethereum land, it’s a different story. With the spotlight on BTC slightly dimmed, ETH is giving entrants an opportunity just below $4K. It’s well known that ETH tends to echo BTC’s moves, albeit with a little lag.

Given that, this quick move under $4K has the makings of an excellent entry before a true breakout into new highs occurs.

The fight for the metaverse is ON

In the coming days, Facebook will rebrand itself as a metaverse company. The largest social media company in the world rebranding is already big in itself, but once you understand the ‘metaversal’ implications, it gets crazier.

The metaverse is the future internet we’re all going to share. It’s multi-dimensional, experiential, and will allow users to seamlessly transition between virtual worlds using AR and VR technology.

But well before we get to that point, the metaverse-in-progress will more closely resemble games with high interactivity and user-owned elements, like Axie Infinity. As blockchain technology evolves, it’s increasingly viewed as the fabric of the metaverse.

So it should come as no surprise that Mark Zuckerberg wants to control the metaverse. That’s a frightening proposition given how much deeper the metaversal experience will be. The question is, then, what kind of metaverse do we want? An open or closed one?

Decentralization has been the rallying point for cryptocurrencies since day one. But now that we’re moving beyond mere digital currencies and into digital universes, the fight for keeping decentralization front and center is more important than ever.

FTX raises $420 from 69 investors (nice)

Sam Bankman-Fried is the GOAT. But you already knew that.

But just to prove his legendary status once again, he’s gone ahead and raised $420 million from 69 investors for FTX. Imagine being the 70th investor in line and having SBF delicately shoo you away.

The $420 million raise might seem high (no pun intended?) but when you consider it only values FTX at 1/4th Coinbase, you realize there’s ample room for FTX to prove its worth. After all, the FTX marketing department is undoubtedly the best in the biz.

Just ask Tom Brady. Open / Comment

2021-10-20 23:53:11 Stacked Insights Newsletter, 10.20.21

The Bitcoin Edition

Satoshi was a genius.

Today, diamond hands around the world confirmed that genius by pushing BTC to new highs above $66,000. Let that sink in for a moment

The China bans, aging regulators who don’t understand crypto, black swan crashes, double digit drawdowns, the countless times BTC has been declared dead…

Despite it all, Bitcoin’s crown remains fixed in place. The significance of today’s ATH is stronger than usual because when we last tagged $64K, it was a fleeting moment before a precipitous decline. This time around, BTC is standing on two firmly planted feet and clearly feels warmed up.

Bitcoin is now in an entirely different league. The Proshares BTC ETF had its first full day of trading this week. Exchange volume soared above $1 billion before the day’s close, setting records for ETF debutantes along the way.

For years, the crypto collective mutually dreamed of the moment BTC would find itself enshrined in an ETF. Along the way, some gave up hope while others, like Van Eck and Grayscale, pursued the idea full gas.

Eventually, American senators, epochal investors, and even an SEC chairman would all agree that Bitcoin is a game-changing asset — and in any case, it’s one that can’t be stopped. The Proshares BTC ETF marks the day crypto went for real mainstream, and the day the boomer resistance crumbled.

Where do we go from here? As always, what comes next is the question on everyone’s mind. Is this the last cycle — the supercycle? Theories on Crypto Twitter abound about where we are relative to the internet tech stock cycle. If you subscribe to that comparison, there’s a big difference between whether this is 1998 or 1999.

However, seeing a directly analogous relationship between the internet boom and the current crypto boom is likely misguided. Bitcoin is money, and it’s in the process of being capitalized. What’s the ceiling on a global digital currency? Until people stop believing in Bitcoin, we aren’t likely to find out.

And as things look from here, Bitcoin is forever Open / Comment

2021-10-14 03:02:58 Stacked Insights Newsletter,10.13.21

Polkadot is launching parachains
1M users on Coinbase NFT waitlist
Mutant Cat NFTs hit afterburners

Polkadot is ready to launch parachains

In what might be the biggest fundamental development in crypto this year, Polkadot has announced the impending parachain launch. The Polkadot Council approved a November 11 launch date, meaning the first parachain crowdloan takes place in under a month.

Polkadot founder Gavin Wood also co-founded Ethereum and was chiefly responsible for its technical development. He invented the Solidity programming language used for writing Ethereum smart contracts and is the founder of both Parity and Web3 Foundation.

In other words, Gavin is second to only Satoshi in terms of crypto innovation. So, when the Layer 0 blockchain protocol he’s been developing for four years finally says it’s ready to launch, it’s best to pay attention.

Polkadot is Layer 0 means something different than Ethereum is a Layer 1. A Layer 0 like Polkadot sits below Layer 1 chains like Ethereum and Solana, allowing them to connect and become interoperable protocols with transferable assets and data.

With the way things stand now, Acala, the flagship DeFi protocol building on Polkadot, is probably a shoo-in for the first parachain slot. But it’ll have stiff competition from Moonbeam, the interoperable smart contract platform responsible for last month’s successful Moonriver (MOVR) launch.

1 million people join Coinbase NFT waitlist on day 1

Coinbase has about 70 million users — not including its more than 9,000 institutional + 160K ecosystem partners. So when the exchange announced Coinbase NFT yesterday and launched a corresponding waitlist, it created quite an uproar.

Now we know that just shy of 1 million people joined the waitlist less than 24 hours after it opened. Those users hope to be amongst the first to mint, buy, and sell NFTs on Coinbase when its NFT platform launches sometime in December.

In a bullish twist, Coinbase will allow users to self-custody their NFTs rather than require them held in a Coinbase Wallet. By allowing users to retain ownership of their NFTs, Coinbase is opening its platform up to more potential customers in a market known for privacy-first politics.

Mutant Cat NFTs are #2 on OpenSea

It’s pretty evident that right now, nobody is overtaking MekaVerse for the #1 sales volume rank on OpenSea. But Mutant Cats NFTs are giving everyone else a run for their money.

Mutant Cats have vaulted from seemingly nowhere to the #2 sales spot on the strength of their NFT derivatives DAO concept.

In a nutshell, Mutant Cats sales royalties go into the Mutant Cats DAO, which buys Cool Cats and other blue-chip NFT collections. Those NFTs are then fractionalized and given back to Mutant Cat NFT owners in the form of another token called FISH.

To earn FISH, Mutant Cats NFT owners must stake their cats, entitling them to 10 FISH per cat per day. With FISH currently trading on Sushi for $15, that amounts to $150/day for each staked Mutant Cat.

Additionally, FISH will be used to mint new NFTs within the Mutant Cats ecosystem, explaining why an astounding 86% of 10,000 Mutant Cats NFTs are currently staked. The impressive number of staked cats has left a tiny amount on the open market (less than 150 cats for sale on OpenSea). Open / Comment

2021-10-13 00:42:57 Stacked Insights Newsletter, 10.12.21

Coinbase launching NFT marketplace
Binance announces $1B crypto fund
Celsius crypto lending raises $400M

Coinbase is launching an NFT marketplace

Well, that escalated quickly.

Just yesterday FTX announced the launch of FTX NFTs, its marketplace aimed at competing with OpenSea. Before FTX, decentralized NFT marketplaces like Sushi’s Shoyu and Fantom’s Artion came to market with the same intention.

Now, centralized crypto kingmakers Coinbase are launching Coinbase NFT to...compete with OpenSea. If you’re into NFTs, then Coinbase’s move bodes extremely well for the space because of a few assumptions:

Coinbase will make it easy to buy NFTs with cash/credit
A Coinbase NFT app is accessible for loads of people
The mainstream Coinbase brand blessing NFTs

Coinbase was also the first crypto exchange to make buying crypto feel easy, uncomplicated, and similar to using PayPal or Venmo. If you’ve used OpenSea lately, especially from a hardware wallet like Ledger, then you know the UX is poor.

If Coinbase can bring their renowned ability for simplifying UX to NFTs they’ll quickly develop a following from people tired of buggy MetaMask issues. The move also puts the heat on OpenSea to innovate and, perhaps, launch a token

Binance announces largest ever crypto fund at $1B

Once again, Binance proves that actions, not words, bring value to the crypto ecosystem. But what comes as a surprise is just how much value Binance is willing to put on the line.

Today, Binance announced a giant $1 billion fund for boosting Binance Smart Chain adoption and the adoption + acceleration of all blockchain tech. The move comes after global regulators have hounded Binance in numerous jurisdictions.

Some $300M of the funds will go directly to blockchain developers while a whopping $100M is allocated to DeFi liquidity incentives.

Celsius crypto lending raises $400M

Money has literally been pouring down on the red-hot crypto sector. However, you might say the endless flow of VC money into the ecosystem is long overdue.

Case in point — Celsius, the giant crypto lending service, has raised $400 million at a $3+ billion valuation. That comes after Celsius has found itself in regulators’ crosshairs throughout the US. Texas, Vermont, New Jersey, and Kentucky have all tried to halt Celsius from operating in their states.

Celsius will allocate significant portions of the raise toward building a bridge with traditional financial regulators, helping them understand the future of finance. Open / Comment

2021-10-11 22:50:24 Stacked Insights Newsletter, 10.11.21

BTC stair-stepping to Valhalla
FTX launches NFT market
Threads you NEED to read

BTC chugging higher, ready for $60K

Bitcoin has been grinding its way higher in what seems like complete silence. But now, after months of NFT/DeFi/L1 token hype, BTC is gladly reminding everyone of its eminence.

Lest you forget, Bitcoin’s all-time high is $64K. At the current $57K level, we’re only $7K away from matching. The moment we touch above $64K, price discovery is back on the table.

One trader who hasn’t missed a mark all year is PlanB. According to his S2F model, BTC will close the month at or above $63K — a mere ~15% from where we stand today. From there, his model projects November at >$98K and December at a staggering >$135K.

It looks like Uptober is more than just a meme.

FTX NFTs platform is built different

FTX is always a step ahead. If you have any doubts about that, check the latest Forbes magazine, the cover of which is graced by Sam Bankman-Fried himself.

In keeping with their visionary flow, FTX has launched FTX NFTs, a marketplace designed to compete with OpenSea. However, FTX NFTs is primarily focused on Solana NFTs — a key difference considering OpenSea doesn’t do Solana.

Soon, Ethereum support will be added to the platform, giving FTX NFTs true multichain support yet to be offered by competitors. And while it might be difficult to applaud another centralized NFT platform entering the space, FTX has historically been generous regarding ETH gas fees and customer support.

Besides, FTX NFTs is a launch specific to the exchange’s US arm. That’s significant because American crypto traders & investors have been getting stiff-armed by stifling regulators. Now, American NFT enthusiasts have the greenlight to flip JPEGS in peace.

Threads you NEED to read

The amount of alpha dropped over Crypto Twitter threads on a given day is enormous. Unless you have a personal assistant digging non-stop every day, there’s just no getting it all.

But wait, you have us here at Stacked HQ — and we’ll give you shortcuts to the best alpha of late. Here are the best CT threads you NEED to read.

6529’s Pathway To An Open Metaverse — Cryptopunk #6529 describes in glorious detail why NFTS are a defining moment for future freedom.
6529’s On NFTs 2030 — 6529 with the heat again. This time, they explore why you are insufficiently bullish on NFTs.
Cobie calls all of 2021 BTC price action — In this must-read thread, Cobie goes ahead and casually nails all of 2021 price action from way back in January.
Arthur B defines Web3 — The Web3 moniker gets thrown around a lot. This is a short and concise take on the definition of Web3. Open / Comment

2021-10-06 23:01:50 Stacked Insights Newsletter, 10.06.21

BOOM...Bitcoin nails $55K
George Soros is buying crypto
Brazil, Colombia, & Texas warming to crypto

BTC runs to $55K, takes aim at new highs

For the first time since, well, just a few months ago, BTC is trading in the $55K region. BTC is now up a staggering 33% this week, making it the biggest gainer amongst the top 10 cryptocurrencies by market cap.

Perhaps even more bullish than price is how that price is developing. Rather than ascending on diminishing volume, BTC trading is gaining significant steam. The added volume shows increased trader/investor conviction about price direction, helping justify a probable attempt to equal or best the previous ATH at $63K.

What’s driving the current rally? BTC spent the summer cooling off and consolidating, leading many to believe the bull run was dead and momentum lost. However, Chinese and American crypto regulation has helped push the digital asset market into the spotlight. Regulation is also giving clarity to investors who have long been on the fence.

Additionally, during SEC Chair Gary Gensler’s testimony at the HFSC hearing today, he called BTC a ‘store of value’ — comparing it to gold in the process. He also stated the SEC would not pursue a ban on cryptocurrencies in part because, technically speaking, no one can

Legendary investor George Soros is buying BTC

Soros Fund, the family office fund belonging to billionaire investor and philanthropist George Soros, has finally confirmed it’s actively buying & trading BTC. That Soros is bullish on Bitcoin has long been rumored, but this marks the first time his family office has made it clear.

The news comes by way of Dawn Fitzpatrick, the fund’s CEO + CIO. She stated the fund owns ‘some coins’ but went on to clarify they’re not holding tokens related to DeFi and NFTs — yet.

Earlier this year, Fitzpatrick also stated the fund’s belief that CBDCs (Central Bank Digital Currencies) are arriving quickly and might compete with Bitcoin. In that sense, the fund’s active investment in BTC indicates a view of Bitcoin as at least on par with national currencies.

Brazil, Colombia, & Texas warming to crypto

In the beginning, there was Zug, Switzerland. The small town has long been renowned for its beauty but in recent years is better known as the capital of crypto.

In the years since Zug first opened its arms to crypto developers, other regions have followed suit: Malta, Singapore, and the Bahamas.

Now, a new round of countries & states is warming to crypto like never before. El Salvador, the first country to officially adopt BTC as legal tender, certainly led the influx & now both mines and buys BTC.

Following in El Salvador’s footsteps are, potentially, other Latin American countries like Brazil, Colombia, and Mexico. In all three countries, lawmakers are now voicing support for increased BTC + cryptocurrency adoption, doing everything from mining BTC using waterfalls to adopting it as legal tender.

In the US, Texas is looking to become the capital of crypto. Texas Governor Greg Abbott recently stated that “Texas will be the crypto leader. Cryptocurrency is now coming to Texas grocery stores.” Open / Comment

2021-10-02 01:11:55 Stacked Insights Newsletter, 10.01.21

The US is NOT banning crypto
Visa deploys smart contract on Ethereum
Crypto markets engage UP ONLY mode

The US Fed is not banning crypto

Fed Chairman Jerome Powell has unequivocally stated that the US has “no intention” to ban crypto. Not that it’s possible to ban crypto in the first place.

His admission came in response to Rep. Ted Budd’s question about whether the US planned to follow China in banning cryptocurrencies. However, Powell was clear in delineating the difference between how the Fed views stablecoins versus BTC and other tokens.

The agency believes stablecoins resemble money market funds and should be similarly regulated. His stated concern has to do with ensuring stablecoins are always fully backed by cash + cash equivalents so they remain liquid even during market downturns.

So, why is it important for the Fed to state it won’t ban crypto even if it doesn’t have the power to? Because it creates a broader atmosphere of crypto acceptance amongst US financial regulators and walks back some of SEC Chair Gary Gensler’s harsh comments.

Visa officially deploys smart contracts to Ethereum Ropsten

One of the key takeaways of 2021 is that memes are fundamentals. Case in point: The longstanding Visa meme has come full circle as the multinational TradFi network officially enters the crypto space.

For years, crypto investors have used Visa as the gold standard for various networking metrics like throughput, scalability, and global brand recognition. Can Ethereum flip Visa in terms of transactions per second or financial activity? These are the questions long wondered by HODLers.

Now, Visa is deploying smart contracts on Ropsten, the Ethereum test network, as it prepares a solution for Central Bank Digital Currency (CBDC) payments called Universal Payments Channel.

Visa sees the UPC becoming the world’s interoperable backbone network for CBDC payments across blockchains.

Crypto markets engage UP ONLY mode

After a summer of mixed fortunes, cryptocurrency markets have chosen up only mode as we officially enter Q4.

Last quarter saw drastic pullbacks and a steady recovery, but a string of regulatory woes in China and the US appeared to set the market back. However, on the heels of the Fed appearing to take a hands-off approach to crypto and the SEC’s reiteration that it supports a Bitcoin ETF, enthusiasm has come back in a big way.

BTC is up a staggering 10% as it looks to take back the $50K mark while altcoins do their thing in tandem. Some, like AXS and ICX, are up over 30%.

If there’s an apparent trend, it’s that Layer 1 blockchains and NFT platforms are continuing their hot streak of late. DeFi tokens are continuing to lag behind with the notable exceptions of OHM, OMG, DYDX, and UNI. Open / Comment

2021-09-28 23:32:45 Stacked Insights Newsletter, 09.28.21

Why Avalanche is taking over
Bitmain the latest to stop miner sales
Stacked SBF Basket up 1,200% YTD

Why Avalanche (AVAX) is taking over

Avalanche is the blockchain that few saw coming. After all, AVAX spent months dangling outside of the top 100 crypto projects by market cap.

Founded by Emin Gun Sirer of Cornell University, Avalanche had strong academia vibes akin to other big brain projects like Algorand and Hedera. But if the project’s complexity kept you from digging deeper into the project, its success today might have you feeling some type of way.

The key to understanding Avalanche is that it solves the decentralization/security/scaling trilemma with a unique triple blockchain approach:

X-Chain: Responsible for asset creation and exchange
C-Chain: Runs EVM compatible smart contracts
P-Chain: Allows you to create blockchains called subnets

The three-in-one approach to building a blockchain platform enables Avalanche to run complex smart contracts and host infinite blockchains at a seemingly infinite scale.

For financial applications like decentralized exchanges, Avalanche is powerful stuff. If your DEX runs out of transaction space because of high volume, you can spawn unlimited subnets to increase capacity and keep transactions flowing.

Moreover, the Avalanche Bridge makes sending digital assets between Ethereum and Avalanche a cinch using Metamask. That gives Avalanche easy access to the big billions worth of liquidity on Ethereum — something Aave, Curve, and Sushi understand, which is why they’ve launched on Avalanche.

Bitcoin mining giant Bitmain stops sales in China

Bitmain is the world’s largest producer of Bitcoin mining equipment. It’s also based in Southern China and does brisk business within the country.

But owing to China’s intense crypto crackdown of late, Bitmain is being forced to do last-minute damage control. The company is halting sales of mining equipment to Chinese customers — and it’s moving production operations out of China entirely.

Where the bulk of Bitmain’s production will take place from here on is a big question mark. Taiwan is a likely candidate given the company’s ties to semiconductor producers there, but only time will tell.

Stacked SBF Basket up 1,200% YTD

To make it in 2021, you didn’t have to develop a taste for artfully illiquid jpegs. No — all you had to do was hold Stacked Invest’s SBF Basket.

Right now, the SBF Basket is up 1,232% — and that’s after a pullback from the +1,700% highs. SBF stands for none other than Sam Bankman-Fried, magnanimous founder of FTX and billionaire wunderkind.

Early in the year, Stacked understood Sam Coins were on the brink of greatness, so we created a basket giving our users exposure to the best of them. Included are FTT, SOL, SRM, and SUSHI in equal 25% weights.

SOL has done the impossible after going from $3 to $203, but everything in the basket has pulled weight. Are Sam Coins done? Not by a long shot — and neither is the SBF Basket.

Try Stacked for free and jump straight into the SBF Basket right here, right now Open / Comment