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Unipcs Journal (bonk guy)
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Unipcs Journal (bonk guy)
01-18
as far as degen stuff goes BIBI (i.e. the Binance mascot) on BNB chain is one i have on my radar i want to be clear: i've mostly bought a decent amount of supply over the past few weeks, with my average entry being mostly around $4m market cap this is also a short-term trade for me, with good chunks of profits to be rotated into $USELESS i have been observing and waiting for a pullback to buy more because i want more exposure, but for whatever reason it seems to be pumping out of blue today i figured i should document this in my journal and highlight why i'm buying some: 1. it initially got a push from Binance insiders, as well as multiple active engagements from key Binance channels, which fueled the original run to $14m market cap 2. volume has been consistently strong despite seemingly zero catalyst or anyone actively pushing it, which is often a sign that *something* is coming 3. it has an interesting chart that shows active and ongoing accumulation 4. Binance has shown a clear and consistent pattern of pushing BNB chain memecoins that has to do with 'Binance', especially if they show a modicum of life for a sustained enough period of time, and i think BIBI fits the bill here a good example of the above is the 'Binance Life' vs '$4' memecoin: i think 4 is an arguably better narrative, plus it had much better global reception during the initial BNB szn wave, but for some reason the Binance folks have consistently pushed and favored Binance Life... and i think that's sort of consistent with how they approach memes and narratives 5. CZ has publicly said the Chinese name of his book is tentatively titled 'Binance Life'. according to him, the book should be live in a few weeks i think the book launch likely becomes a catalyst for the Binance Life memecoin (i'm currently not holding), but also fuels a sort of BNB szn depending on general market conditions, and i think BIBI as the 'Binance mascot' is going to get a lot of attention and bids as a result with everything centered around 'Binance' anyway, this is a short-term trade that i could close at anytime... and i'll still be on the lookout for entries sub $4m if i get it, but i think this has decent upside to ATH and beyond in the not-so-distant future
USELESS
3.98%
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