RWA is moving from “on-chain assets” to “on-chain finance”
【Old-Crop Observation】 Recently, this RWA track has begun to show a fairly noticeable change. When people talked about RWA before, it was basically just one sentence: Move traditional assets like stocks, bonds, and funds onto the blockchain. But moving assets onto the chain is actually just the first step. What’s really interesting is that recently, people have started connecting these assets further into DeFi. And this pathway has gradually been connected together. First, look at the asset side. What $ONDO is doing is to turn traditional financial assets like stocks and ETFs into on-chain assets. This year in February, Ondo's SPYon and QQQon have already entered the Morpho lending market and can be used as collateral to borrow other assets.
【Old Leek Watch】 $RAD 🚨 RAD has surged nearly 50% in two days—but what exactly is driving the hype this time? RAD was still around $0.26 on October 4, but today it has already climbed as high as $0.38. Even more striking is the trading volume: about $1.3 million yesterday, then straight up to over $46 million today. But so far, there hasn't been any official positive news to match this kind of move. On the contrary, Radicle recently disclosed a serious cybersecurity vulnerability, and the team previously advised pausing certain operations involving private repositories. So I’m more inclined to see this rally as: Small market cap + sudden volume explosion + momentum chasing rather than a sudden, major change in fundamentals.
$API3 Broke through several take-profit levels in a row. API3 launched AirnodeHub today. My earlier positioning paid off.
10年老韭加密研究中心
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[Old Hawthorn Observation] Medium risk $API3 API3 has launched AirnodeHub. In simple terms, it lets AI agents discover APIs themselves, call those APIs, validate the data, and in the future can automatically complete USDC payments via x402. This track actually aligns well with the current direction of AI agents + on-chain payments. On September 29, API3’s trading volume briefly reached about 5.21 million, then clearly cooled down. Don’t chase the rally—wait for a pullback to see whether it holds. Entry: $0.272–$0.290 Take profit: $0.310 / $0.330 / $0.355 / $0.390 / $0.415 Stop loss: $0.258 If later it increases volume again and breaks through $0.295, and it’s not just a simple wick, then this setup is truly starting to look good.
【Veteran Trader Watch】 $DOGE 🐶 DOGE isn’t relying on Musk alone this time. DogeOS has opened its public testnet and is starting to bring applications for trading, lending, stablecoins, gaming, and more into the Dogecoin ecosystem. Testnet fees are paid directly in DOGE, too. The question is: after such a big narrative emerged, DOGE is still only around $0.0947, with some distance to go before reaching $0.10. Entry: $0.0930–$0.0950 Take profit: $0.098 / $0.102 / $0.108 / $0.115 / $0.125 Stop loss: $0.0890 First, watch whether $0.098 can break through. Only once it rises above $0.10 on strong volume is the upside likely to open up. If it drops below $0.089, don’t try to tough it out.
【Veteran Crypto Watch】 $TRX 🚨 TRON on-chain data is getting stronger and stronger, while TRX is still moving sideways around $0.33. There’s an interesting contrast right now: the amount of stablecoins on TRON is close to $96B, daily transactions recently exceeded 12 million, and active accounts are also above 4 million. More importantly, TRX now has a US-listed staking ETF — TRXS. But TRX is still hovering around $0.33, and on October 1, about 79.8 million TRX even flowed into Binance. So it’s not that “there’s nothing happening on-chain.” Rather: Strong network usage → ETF is already here → but the token price hasn’t truly broken out yet. With coins like this, what’s really worth watching isn’t how much they’ve risen so far, but when capital starts pricing in the fundamentals. Entry: $0.333–$0.336 Take profit: $0.342 / $0.350 / $0.360 / $0.372 / $0.390 Stop loss: $0.326
【Veteran Trader Watch】 $NEAR There's a development worth watching today. The community is discussing lowering NEAR's annual issuance rate: 2.5% → 1.6%. That would cut the growth rate of new supply by about 36% over the next two years, with a long-term goal of moving toward a fixed total supply. This isn't an ordinary upgrade. If it's ultimately approved, the number of new NEAR tokens entering the market each year will drop significantly, and staking yields will fall accordingly. Entry: $5.05–$5.25 Take profit: $5.55 / $5.90 / $6.30 / $6.80 / $7.40 Stop loss: $4.78 The proposal hasn't been finalized yet. So this trade isn't betting that it will “pass right away today,” but on whether the market will price in this supply contraction ahead of time. It may be worth pursuing if the proposal continues to advance and the price holds above $5.05.
$ORCA Life is like investing: the waiting period is long, but it takes only a day or two to surge, breaking through all take-profit levels
10年老韭加密研究中心
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Bullish
【Old Leek Watch】 $ORCA In the past few days, ORCA hasn’t suddenly surged like QNT or PUMP. Instead, it has been pulling back from a high level. But the interesting part is that when the price drops, the whales didn’t follow along. Among the 10 whale addresses being tracked recently, ORCA’s holdings increased from about 160,300 to 201,100, up roughly 25.4%. At the same time, the exchanges also saw about $264,000 in net outflows. So what we’re seeing now is a noticeable discrepancy worth observing: As the price pulls back, the whales are actually adding to their positions. Of course, this still can’t directly prove that ORCA is definitely going to rise. Whales might keep buying at the “mid-slope,” and for this kind of small- to mid-cap coin, volatility can be much higher than BTC or ETH. But if afterward the price continues to retest around $1.50, without clearly seeing heavy sell-volume break through, while on-chain large addresses are still adding to their positions, then the odds at this level start to get interesting. On the other hand, if $1.40 breaks down, it means this so-called “whale accumulation” hasn’t played out yet—for now—so cut the loss and don’t waste time waiting. Entry: $1.50 – $1.60 Take profit: $1.70 / $1.82 / $1.95 / $2.10 / $2.30 Stop loss: $1.40 $ORCA #ORCA #Solana #defi
#circle7天在solana铸造27.5亿美元usdc 【Old Leek Watch】 $SOL Solana has seen a major signal of capital flows over the past few days. Circle minted approximately $2.75 billion worth of USDC on Solana over the past 7 days. What does $2.75 billion mean? That works out to nearly $390 million in new issuance per day, on average. This doesn’t mean that all $2.75 billion has already flowed into SOL and altcoins. To determine the actual net inflow, we need to subtract redemptions and burns during the same period from the amount minted. But one thing is clear: A significant amount of dollar liquidity has indeed been prepared for the Solana ecosystem recently. What I’m more interested in watching next isn’t USDC itself, but where this liquidity ultimately goes. If it starts flowing into DEXs, DeFi, and Solana ecosystem assets, we could see a round of capital rotation.
#日经225涨2.5%创三月新高 【Old Leek Watch】 There was a clear signal in Asian markets today: the Nikkei 225 briefly broke above 70,000. It closed at 69,946, up 2.40% for the day, after reaching an intraday high of 70,072. This rally wasn't just Japanese stocks getting carried away. U.S. employment data for September came in significantly weaker than expected, easing concerns about further Fed rate hikes. Money also started flowing back into AI and semiconductor stocks. More interestingly: $BTC also briefly climbed to around $86,950 today. Japanese stocks, AI and semiconductors, and BTC all strengthened at the same time. Underlying it all is the same story— capital is starting to price in “easing rate pressure.” BTC is now very close to its previous high of $87,400. If Treasury yields keep falling, whether BTC can truly break through this resistance level may be more worth watching than the Nikkei's 2% gain.
【Old Leek Watch】 $FET FET is worth taking another look at in this rally. It rose 12% on October 4 alone, and trading volume today has already exceeded $200 million. More importantly, look at the price structure: in mid-September, FET was still at $0.15–$0.18; now it has surged to around $0.26. This isn't just a sudden spike on a single candlestick—money has been flowing into the AI sector for several days in a row. If it can hold above $0.245 after a pullback, while volume picks up again, the AI theme may have another leg to run. On the other hand, if it breaks below $0.225, treat this rally as short-term capital rotation for now. Wait for a pullback to $0.245–$0.255. Entry: $0.245–$0.255 Take profit: $0.275 / $0.300 / $0.330 / $0.370 / $0.420 Stop loss: $0.225 If it can hold above $0.245 after a pullback, while volume picks up again, the AI theme may have another leg to run. On the other hand, if it breaks below $0.225, treat this rally as short-term capital rotation for now.
【Veteran Trader Watch】 $AKT AKT suddenly saw a surge in trading volume today. Its price briefly climbed to around $0.80, up nearly 20% in 24 hours. But what really caught my attention wasn’t the price increase—it was the volume. Over the past day, AKT’s trading volume surged to over $33M, roughly 6 times higher than the day before. So far, I haven’t seen any solid official news that could explain this move. So don’t rush to label this an “AI-related catalyst.” It looks more like funds are suddenly concentrating in decentralized computing power. Entry: $0.74–$0.78 Take profit: $0.84 / $0.90 / $0.98 / $1.08 / $1.20 Stop loss: $0.69 It has already made a run near $0.80, so don’t chase it. If it pulls back to $0.74–$0.78 and holds steady, while volume doesn’t shrink significantly, this move may have room to continue. When a price surges without any news, it’s even more important to see whether funds are still there the next day.
【Old Leek Watch】 $ZIL ZIL is starting to show some movement today. It’s not a sudden price surge; today just happens to mark the third migration hard fork for Zilliqa. Some ZIL held by exchanges will be migrated from old Legacy addresses to new Zilliqa EVM addresses. Binance has already confirmed that ZIL will be migrated to ZILEVM at a 1:1 ratio, with no impact on spot trading. What’s more noteworthy is the trading volume. It was around 48 million tokens on October 4, and has expanded to nearly 300 million today. The price is currently only around $0.0036, with no particularly dramatic rally so far. If trading volume continues to grow after the migration is complete, ZIL may be able to turn this technical migration into a real market rally. Entry: $0.00350–$0.00362 Take profit: $0.00385 / $0.00410 / $0.00440 / $0.00480 / $0.00530 Stop loss: $0.00330
【Veteran Crypto Watch】 $AVAX There’s a recent data point about AVAX worth paying attention to. In September, the market cap of tokenized stocks on the Avalanche chain grew by $245.5M—the largest increase among all public blockchains. Securitize was the main driver. Even more striking, Securitize brought around $132M worth of equity assets on-chain in the past week, most of which went to Avalanche. Today, OKX and ICE, the parent company of the New York Stock Exchange, announced an even bigger plan: they’re preparing to build a 24/7 tokenized U.S. stock trading platform, expected to cover more than 60 companies. RWA is no longer just “a story.” Stocks are actually moving on-chain, and Avalanche happens to be right in the path of that capital flow.
10年老韭加密研究中心
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Bullish
[Old Wheat Watch] $AVAX Today’s move is backed by a pretty solid piece of institutional news. Goldman Sachs has about a $100 billion–scale U.S. Treasury money market fund, FTIXX, and now it’s being made available via Lynq to qualified U.S. crypto institutions. The key point isn’t that Goldman “moved the fund on-chain.” FTIXX itself is not tokenized. Instead, Lynq’s institutional settlement network runs on a permissioned L1 on Avalanche, allowing crypto trading institutions to put idle cash between trades into the Treasury fund to earn yield, then redeem when they need liquidity. This is actually another kind of RWA: not turning assets into tokens, but connecting traditional financial assets into a crypto institutions’ cash settlement system. AVAX has already been up for a round today, and the market is trading the story ahead of time. Entry: $10.50–$10.80 Take profit: $11.30 / $12.00 / $12.80 / $13.80 / $15.00 Stop loss: $10.10
【Old Leek Watch】 $GTC The Koreans really know how to bring it GTC suddenly doubled over the past few days, and now there’s finally something behind the move that makes sense. On October 1, Gitcoin announced the latest Reboot plan, officially naming its new direction Techne. Its first product, Beacon, is already on the App Store, and a second pilot is underway, with an official launch targeted for mid-December. Meanwhile, a large amount of capital suddenly flowed into GTC on Korean exchanges. On October 5, Bithumb was up 52.6% at one point, while trading volumes also surged across several local exchanges. So on one side, Gitcoin has retold its own story; on the other, the Korean market has suddenly driven up trading volume. The problem is obvious, too: Techne won’t actually launch until December, and a lot of expectations have already been priced in.
$ADA Break the first take-profit point RealFi officially launched on the Cardano mainnet on October 1, and the Dijkstra upgrade is also ongoing. More importantly, Fireblocks has announced that it will fully support Cardano native tokens. Fireblocks serves banks, exchanges, and payment companies, and this news is even more meaningful for Cardano’s institutional on-ramps.
10年老韭加密研究中心
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Bullish
【Old Wheat Observation】$ADA Over the past two days, Cardano has come out with a rather interesting piece of news. Brazil’s national oil company, Petrobras, has started testing the Cardano blockchain. And it isn’t for trading crypto. Petrobras is currently running two projects: One is tracking the environmental attributes of Sustainable Aviation Fuel (SAF). The other is recording Renewable Diesel (Diesel R) across the entire lifecycle—from production, transportation, to usage. Put simply, it’s: real-world energy assets → data on-chain → public verification → end-to-end traceability. Among them, the SAF project is even more interesting. It turns the environmental attributes of sustainable aviation fuel into on-chain Tokens, and each Token has a corresponding source and data. In the future, once airlines or passengers claim the environmental benefits represented by those Tokens, the Tokens can be burned, preventing the same emissions-reduction credit from being counted multiple times. This is essentially another way to play RWA. Previously, when people talked about RWA, the usual images were: U.S. Treasuries, stocks, funds, gold. Now another kind of asset is emerging: real-world “environmental rights” and industrial data. And this time, it’s not just a small project team running tests. Petrobras is one of Brazil’s largest energy companies. However, there’s one point that must be made clear: both projects are still in the R&D stage right now. No timeline for large-scale commercial deployment has been announced, and no specifics have been shared about how much fuel will be covered. So for now, we can’t directly say: “Petrobras adopts Cardano → ADA is going to take off.” What’s truly worth watching is whether these R&D efforts evolve into real production systems. If, in the future, more and more energy, supply-chain, and carbon-emissions data move onto public blockchains, Cardano will have an application path entirely different from DeFi. ADA is currently around $0.25. In other words: the news is there. Real-world companies are there. But the market hasn’t yet shown any particularly strong chase. Entry: $0.242–$0.255 Take profit: $0.275 / $0.290 / $0.310 / $0.335 / $0.380 Stop loss: $0.232 If there’s a breakout with volume above around $0.2568, it suggests the market is starting to price in this news; if it can’t break through, then we’ll continue to watch support around $0.24.
【Old Leek Watch】 $SKY These past few days have been brutal. It’s already hovering near $0.10; in a week it’s up about 26%, and only about 4% remains until the all-time high. At the end of September, Galaxy Digital transferred $100 million worth of sUSDS onto the company’s balance sheet, while also buying SKY. What’s more, Galaxy allows institutional clients to use sUSDS as loan collateral—backed by an institutional lending business with an average size of $1.4 billion. On the other side, Sky’s sUSDS supply has reached $5.52 billion, up 149% year over year. So what SKY is facing right now isn’t just simple speculation. It’s moving toward its all-time peak, and institutional capital has started treating Sky’s yield-bearing USD assets as real financial assets.
【Old Leek Observation】 $NIL Today it suddenly surged by nearly 20%, but this time it’s not just a simple pump on the upside. Because today happens to be the launch of the Nillion Blacklight L1 mainnet. After the mainnet goes live, node operators are required to stake at least: 70,000 NIL. Now the price of NIL is about $0.10, meaning that for a single node, you have to lock up roughly $7,000 worth of NIL at the minimum. More importantly, Nillion’s previous privacy computing products have already been live, and today marks the official transition into the L1 node, staking, and network operation phase. At the moment, NIL’s market cap is only about $50 million. So what’s really worth paying attention to today is not “up 20%.” But rather: A privacy computing project with a $50 million market cap—its mainnet just launched, and real token staking demand is starting to show up.
In mid-September it was still around $0.60. A few days ago it surged to around $0.85, and now it has returned to the $0.80 range. Today the Base network still needs an upgrade, and VIRTUAL itself is one of the core AI Agent projects in the Base ecosystem. Coincidentally, Binance has also been continuously pushing AI Agent-related content recently, and the market’s attention on this direction hasn’t faded. However, on September 28, about 2.9 million VIRTUAL tokens were just released—so in the short term there is indeed sell-side supply pressure. Entry: $0.74–$0.79 Take profit: $0.86 / $0.95 / $1.08 / $1.25 / $1.50 Stop loss: $0.68
$ORCA Whale accumulates and makes a move, breaking the third to take profit
10年老韭加密研究中心
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Bullish
【Old Leek Watch】 $ORCA In the past few days, ORCA hasn’t suddenly surged like QNT or PUMP. Instead, it has been pulling back from a high level. But the interesting part is that when the price drops, the whales didn’t follow along. Among the 10 whale addresses being tracked recently, ORCA’s holdings increased from about 160,300 to 201,100, up roughly 25.4%. At the same time, the exchanges also saw about $264,000 in net outflows. So what we’re seeing now is a noticeable discrepancy worth observing: As the price pulls back, the whales are actually adding to their positions. Of course, this still can’t directly prove that ORCA is definitely going to rise. Whales might keep buying at the “mid-slope,” and for this kind of small- to mid-cap coin, volatility can be much higher than BTC or ETH. But if afterward the price continues to retest around $1.50, without clearly seeing heavy sell-volume break through, while on-chain large addresses are still adding to their positions, then the odds at this level start to get interesting. On the other hand, if $1.40 breaks down, it means this so-called “whale accumulation” hasn’t played out yet—for now—so cut the loss and don’t waste time waiting. Entry: $1.50 – $1.60 Take profit: $1.70 / $1.82 / $1.95 / $2.10 / $2.30 Stop loss: $1.40 $ORCA #ORCA #Solana #defi
$ORCA broke second take profit close to third take profit
10年老韭加密研究中心
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Bullish
【Old Leek Watch】 $ORCA In the past few days, ORCA hasn’t suddenly surged like QNT or PUMP. Instead, it has been pulling back from a high level. But the interesting part is that when the price drops, the whales didn’t follow along. Among the 10 whale addresses being tracked recently, ORCA’s holdings increased from about 160,300 to 201,100, up roughly 25.4%. At the same time, the exchanges also saw about $264,000 in net outflows. So what we’re seeing now is a noticeable discrepancy worth observing: As the price pulls back, the whales are actually adding to their positions. Of course, this still can’t directly prove that ORCA is definitely going to rise. Whales might keep buying at the “mid-slope,” and for this kind of small- to mid-cap coin, volatility can be much higher than BTC or ETH. But if afterward the price continues to retest around $1.50, without clearly seeing heavy sell-volume break through, while on-chain large addresses are still adding to their positions, then the odds at this level start to get interesting. On the other hand, if $1.40 breaks down, it means this so-called “whale accumulation” hasn’t played out yet—for now—so cut the loss and don’t waste time waiting. Entry: $1.50 – $1.60 Take profit: $1.70 / $1.82 / $1.95 / $2.10 / $2.30 Stop loss: $1.40 $ORCA #ORCA #Solana #defi