Woke up at dawn with a single sentence from Wosh.

The Fed turned hawkish—2-year Treasury yields rocketed to 4.356%. The probability of a September rate hike jumped straight from 35% to 60%. Gold couldn’t hold and got smashed down by nearly 3%. BTC and ETH fell together by 3%+ and 96,000 positions were liquidated, totaling $470 million.

These macro “blows” should’ve wiped out the meme sector—but somehow everything is green. The more the market collapses, the more funds rush into memes.

The three strongest today:

$PENGU —When the market dumped 3%, it surged 6%. Pudgy Penguins: this IP really went mainstream. Kast and Visa teamed up to launch the Pengu Card. The community is chanting “dual-engine drive.” RSI pushed to 95—kinda hot—but the trend is solid, and solid is solid.

$PUMP —Pump.fun’s revenue today is the second-highest since January this year. Even with the market crashing like this, the launch volume hasn’t dropped. Compared with “air coins,” platform-style memes are way more resilient. Market cap: $1.8 billion, steady and sitting there.

$HYPE —Today, 14M tokens were unlocked, worth $1.2 billion. A normal unlock day would usually dump hard—but instead it climbed 6%. Trump even named the CFTC, urging them to bring Hyperliquid into compliance. On unlock day it refused to budge—this is what real conviction looks like.

To be honest: if Wosh’s hawkish stance means a September hike really happens, this meme rally against the odds could be in danger of catching up and falling too at any time. Don’t get carried away. Keep it to a small position—test the waters and protect your life.