added a chunk to the rope bag of solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump i bought a few weeks ago: thesis, as a series of related points: - i don't have Z derangement syndrome - this is categorically different than his past calls. looking at past stuff people are grumpy about, they're always external coins he had investment theses about, and a degree of distance from. example: defi kingdoms was a defi/game coin that he outlined as a trade. MOTHER and other celeb memecoins got destroyed, but it was also an external "i think this could work out" trade, not something he launched himself. - this is an eponymous coin, where he verbatim has said "i stake my reputation on this". if you don't like him, you discount that. if you have a detached view of things and just look at comms unemotionally, you see a gulf of a difference here between this and prior narr-driven coins that had their time in the sun and went. - the stakes are high, and he has pretty much unrivaled distribution within crypto, socially. i don't really model out "this guy is going to onboard the masses" because i'm cynical; i think the coin does well regardless. if there's a rebound of social signals around crypto (breaking a 5 year downtrend), this is well positioned, given his distribution breadth. - given the chart (seen below), i waited to add more. it could drop, but i feel like after a few weeks (given how fast things move, and the infinite liquidity sponges in the space we've experienced), a critical mass of 12 second hold time bundlers and chart rapists would have sold by now. floor could fall out, but there's also a bit of a rounded bottom here. - i'm overall of the opinion that the bottom is in on crypto, and if we do see downside this fall (prob alongside a regularly scheduled and arguably overdue ~10% correction in indices), i think the plausible scenario is a sweep of lows rather than everything going to 0. - i have an amount held here that's trivial to my overall port, and i could laugh off if it goes to zero. i have just enough to feel like i got my beak wet if it goes a lot higher in what feels like a slowly simmering bull market return