Market Thoughts #2
Week 47, 2023
Following up on last week’s thoughts + some new stuff I’ve been looking at.
Solana: Madlads, PYTH.
The Mad Lads collection did really well in the run up to the PYTH airdrop. While prices have dipped a little after airdrop hunters got out, I think it’s still a decent hold if you want some blue chip NFT exposure on Solana, not to mention exposure as well to the Backpack Exchange.
The market is currently pricing PYTH at $4.8b FDV, $1b more than it was in the pre-launch and OTC markets. I have personally sold most of my airdrop, keeping the rest for now.
Good thread on the PYTH drop.
Polygon
The MATIC play I mentioned last week did pretty decently but stopped short of the $1.00 mark. Have rotated out of this play.
