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For solana ai (meme), I chose $spark and entered a position less than 1 pip between 12 million and 15 million.
To be honest, this timing is quite risky. Note that this isn't the second wave, but the first wave of a bet on an on-chain trend, as there hasn't yet been a true wealth effect to confirm the on-chain trend.
Also, Spark's market capitalization is relatively low, with its FDV currently at only 12 million. Be careful not to be FOMO-inducing.
Having discussed the risks, here are my reasons for entering the position:
1️⃣ Narrative
After reviewing recent FOMO-inducing stocks, I personally chose the one with the most interesting narrative, a certain level of novelty, and a team that's consistently generating momentum.
2️⃣ Second Segment
The previous rebound from 14 million to around 40 million, followed by a decline, suggests accumulation. However, confirmation is needed on the daily chart. If it falls below that level, the risk is a further decline of 2-3 million. 3️⃣ Trend
I personally believe the broader market isn't over, and on-chain and altcoin liquidity will improve in the coming months.
Therefore, I chose BAS (currently 3x) in the BN track, Block (currently slightly profitable) in the WLFI track, and Spark in the Solana track.
If the trend is misjudged, then accept it; this presents both an opportunity and a risk.
Again, this is inconsistent with the second wave theory; it's a bet on the first wave of the trend.

0xWizard
@0xcryptowizard
08-28
链上热身,每个赛道都会买几万刀。
前面建仓的 $bas 是 bn(bsc)生态,目前上了perp,最高3x,目前2x多一些;
这两天建仓 wlfi (usd1)生态,选了 $block ,建仓价格在差不多140m-150m fdv 之间,理由:
1️⃣wlfi 生态最重要项目之一,类似昨天上了bn的 x.com/0xcryptowizard…
Seeing that the wizard finally took action, it seems that the bottom has really been reached.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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