Author: Game, Crypto KOL
Compiled by: Felix, PANews
When the market is calm, it is a good time to make a plan: carefully consider what will happen next, where the narrative is forming, and where liquidity will ultimately flow.
1. ETH Staking Revival
ETH needs a lifeline, and staking is the only narrative that can save it.
Fits the current macroeconomic situation: yield is king, investors want cash flow in a bleak environment.
$LDO, $RPL are obvious proxy plays, but due to lack of timeline, time is everything.
BlackRock CEO Larry Fink has pushed this narrative before, he may do it again. With crypto-friendly institutions, incentives will start to roll out.
No one wants to be exposed yet: uncertainty keeps people on the sidelines, but once the right fund managers or analysts start moving, it will develop quickly.
2. Large Token ETFs (LTC, HBAR and Betas)
$LTC, $HBAR, $XRP are all in the ETF application process.
The most likely narrative here is "buy on the rumor, sell on the news". Expect not a huge influx, but proper positioning can still yield handsome returns.
If the news announcements come too fast, liquidity will shift quickly, and exiting will become tricky. Best case is staggered ETF approvals so you can rotate properly.
Time it carefully, don't be the last one holding.
3. Buyback Clubs (Fee Switches and Buybacks)
MKR previously pumped 200% on buybacks, AAVE pumped 30% in days after announcing buybacks.
Hyperliquid → $600M buybacks per year
Jupiter → $250M buybacks per year
Ethena → Fee switch coming soon
Decreasing supply, decreasing sell pressure.
Reflexivity (circular causality) starts to kick in: buybacks drive up price → generate more fees → fund larger buybacks → cycle.
Very narrative-driven: traders front-running the buybacks, only accelerating the whole cycle.
More protocols will follow: buybacks and fee switches are becoming the go-to price appreciation strategies.
Trade the news, don't trade the curve, don't take profits too early, study past price action.
Prioritize new/breaking news announcements over past ones. ($HYPE buyback hype was great, but has played out, new catalysts are key)
4. RWA and Tokenization
Previous $ONDO has already kicked off. New "games" will be the focus.
This narrative fully aligns with TradFi's interest in tokenization.
Current watchlist:
$PLUME: Mainnet launch will bring new, powerful narratives
$AERO: A project most people haven't noticed yet. If Base continues to build its own blockchain, considering its strong ecosystem ties and recent directional shift, this could be a "favorable" trading opportunity.
$SYROP (formerly MPL): Added to Coinbase roadmap, may list in a few weeks.
More quality projects may emerge in the future. RWA is a category worth watching closely.
5. Robotics and Potential AI 2.0 Trades
Figure AI (a company dedicated to developing autonomous humanoid robots) is already a leader in the humanoid robot space. Tesla is heavily pivoting towards automation, essentially their entire bet right now.
The narrative is simple: increased productivity = cost savings for companies, which is attractive in an economic slowdown.
Risks are still high, but the meta is forming.
On-chain exposure is limited but will grow, currently mainly early-stage foundational projects.
The current opportunity is to find virtual robot proxies. Similar situations have occurred before: the robots themselves may be completely useless, like all the junk robots, but the underlying infrastructure is the real trade. (No need to show the actual thing, as long as others are using it)
If the price is cheap enough and you see an edge in your analysis, get in now, or closely monitor and react as it develops.
6. Other Sovereign Participation
Currently, crypto trading is entirely dependent on the US's decisions: policies, ETF flows, regulations.
If other T1/T2 countries get involved, it will break the US's dominance and trigger a new accumulation race.
This narrative is unpredictable, but once it happens, the market will shift quickly.
