Well, todayโs leaderboard is pretty worth discussingโlet me pick three to talk about.
First, Ondo. Honestly, the RWA track has been getting hype for months, but there arenโt many that have managed to sustain a real upward trend. Ondo is one of them. What it does, in simple terms, is to move low-risk, stable-yield assets like U.S. Treasury bills onto the blockchain. Right now, the Federal Reserve is still sitting in a high-interest-rate range, which is a natural tailwind for on-chain dollar yield productsโbecause the demand is real, not propped up by slogans. A 13% gain paired with a market cap of
#44 โfrankly, itโs not outrageous. Personally, I think this level can still be watched for more, but I wonโt go all-in at once. Iโm more comfortable buying in batches on pullbacks. Iโm generally bullish on the RWA theme, but you have to control the timing yourself.
Second, Pudgy Penguins. I was pretty conflicted about this one before, thinking, isnโt it just an NFT avatar? But recently I noticed theyโve taken the right pathโphysical toys are in Walmart now, and theyโve also done a bunch of brand collaborations. In other words, theyโve shifted from a purely on-chain IP to a consumer-products direction, which is completely the opposite of BAYCโs route of โthe more you play, the more financialized it gets.โ A price of 0.0062 rising 3% isnโt huge, but itโs the kind of slow-and-steady โlong bullโ player. It doesnโt rely on wild pumps and dumps to stand out. I wonโt comment much on the short term, but for the long term, holding it doesnโt seem like a problemโassuming youโre okay with it continuing to grind.
As for the other ones that are soaring and crashing, I wonโt go into them. AKE is up 271% and still ranks 918โbasically a pure gambling chart; whoever catches the final baton will be the unlucky one. ANSEM memes that hang a KOL name on them, and CASHCAT tooโdown 25% means the ones who chased the price high have already been buried. If it shows up on a leaderboard like this, just look once and move onโdonโt reach your hand out.
In summary, one line: today, the only things truly worth paying attention to are ONDO and PENGUโone is steady and the other is slow. The rest can just be background noise.
โ Son of Auspicious Omens _ourjerry
Iโm not a freak/monsterโIโm auspicious fortune. Welcome everyone to follow me, this old greenhorn investor.