Solana Weekly

What’s up everyone! We’ve got prices going up, we’ve got volume up, and I’m having fun. I hope you are as well and I want to get into what we’re seeing. A couple things from relistening to last weeks’ episode that I want to change. It wasn’t the SEC that was charging CZ from Binance, it was the CFTC which was charging Binance and CZ. I don’t know why I was winging that when I could have just Googled it, but I’m learning over here! CFTC is the Commodities Futures Trading Commission and they are charging them with offering derivatives to US customers. It’s just another regulatory attack against exchanges. We’re going to continue to see this and need to stand up for our right to crypto. Also only y00ts had bridged last week, this week we saw the DeGods move.* Solana Price Update: A review of the current price of Solana and its performance over the past week. Sitting at $20.72, up a whopping 3% with tighter range for the week of a low of $19.65 and a high of $21.50. It does seem to be catching little pumps from either BTC or Eth when they catch a bid. So I’m optimistic. * Solana vs. Ethereum: Down to .01096 with a 5.7% decrease on the week. We’re seeing some action on ETH which had trouble breaking resistance at $1850. It broke that and we are sitting around 1900 and I won’t be surprised when it breaks 2k. * Solana vs. Bitcoin: Sitting at .000742 which is a decrease of only 1.8%. So we’re tracking pretty well with BTC, which I still think is strong because I’m only expecting more strength from BTC. All I want is more BTC on Solana. FTX kind of f’d that up with their bridged BTC not being backed by anything. But Jump has bridged WBTC and it’s got some volume. I want more, and will fight for it. * NFT Happenings: DeGods did the bridge, tons of volume in SOL though. We saw SolCasino mint and it quickly 2x’d from their 12 sol mint. Now it’s dipped down to 16 because they have shitty messaging and announcements that no one can understand. Oogy reveals this Friday and is still sitting at a good pump of 26.4 Sol. The Apes are back! Degenerate Ape Academy is getting ready for their release of their V2, and I forgot just how loud that community is. Good to see it, and the drops of the new art is immaculate. Mono is the goat. They are sitting at almost 62 Sol from dipping to around 40. Lily is also doing well, they had a snapshot for their airdrop and the marketing is only getting better. Famous Foxes continue to crush, I did some analysis of my bags and realized that I’m actually a Fox maxy and they are the biggest part of my NFT portfolio now. FFF’s at 66, TFF’s at 19. I bought some Toonies because they look sick, but they are tanking down to 1.8, so we’ll see if their deflationary tactics can get them a pump. Wolf Capital’s seeing a pump at 7.8, and I’ve been buying some Degen Poet 1/1’s because he’s freaking amazing. Gotta also give a shoutout to Cyber Samurai’s, I think their super undervalued, and Shake is a Goat. Their alpha channels are so legit. Also getting more and more pilled on the Monkey Baby Business, it’s the best discord I’ve ever joined and I get all my alpha from there now. * The Queks are BACK! If you want a project that feels like an Eth project, no communication and you wait until a whale sweeps, boy we do we have a project for you! Ha, but I do like that they don’t have expectations or utility, liking this more and more because the expectations are getting ridiculous. * SMB and MonkeDao continue to battle. This time HGE is b******g because he’s waiting 60 days to start doing work on the SMB project. So he said he’s not selling to MD, but I’ve seen other convo’s with Skelly and Nom have been productive. So who knows if HGE is being dramatic or if he’s calling it. Seems dumb and I want to sell, but I’m not. * Still so bullish on the Solana Phone, releasing for public on April 13th! These have the potential to be a massive game changer for ALL crypto and couldn’t be released at a better time. * Magamigos - a MAGA version of the popular nakamigo’s has dropped and I love it. I think we’ll see more of this and want to see it on Solana. I’m not a maga maxi, or even a Republican. But I live in the US and I believe in crypto. The democrats are literally creating an anti crypto army while all the pro crypto legislators are Republican. It goes to the nature of smaller government, less intervention, more freedom and at a time like this it couldn’t be better. Trump’s policies look better and better the crazier the current administration is acting. Him getting arrested is only going to get him closer to winning another election. Enough politics! I still think his collection is bullish, his wife dropped a collection on Sol, we could see growth in a Maga Monkey Business deriv. Even without any maga stuff, I think we could see a DAO on Solana being pro crypto and supporting those that take a stand. I actually think it’s necessary and if I can’t find some to support I’m going to build it. * Closing Thoughts: Crypto’

* Solana Price Update: A review of the current price of Solana and its performance over the past week. Sitting at $20.09 with a high of 23.30 and low of 19. Not looking great. * Solana vs. Ethereum: Down to .01162, and the week looks like a steep decline from a high of .013. * Solana vs. Bitcoin: Sitting at .000749 from a high of .00082. So overall I would say that Solana is underperforming the market. Do we see a pump? * NFT Happenings: A roundup of the latest news, trends, and developments in the Solana-based NFT space. The biggest news is DeGods and y00ts are bridging! They are off Solana and are going to be punished if they don’t bridge. I don’t like that they are leaving and are all the sudden EVM maxi’s but that’s how Frank is going to to attempt to take over the NFT world. This leaves the door pretty open on Solana for other projects to take the spot. We’ve seen Famous Foxes pump, Clayno’s pump, Lily’s doing well, and we’ll see who wins. I think the whole community wins though because we don’t have to focus on the top projects on the blockchain trashing it. We now see projects getting noticed that are positive to the ecosystem. Monkedao passed their independence proposal and will be moving forward with the OMC mint of their new collection and within 2 months we will either be separated from SMB or the new owners. We need something, they were down real bad. Saw some sales in the 130 sol range, and nothing but fud on the timeline. Hoping that’s the end of that. * DAO’s - it’s interesting to think about DAO’s. We want NFT projects to be businesses, but not when they are too businessy. We want to have a say, but complain when it doesn’t go the way of the community. Should a community really be in charge of the project? These are all things we are seeing right now and I don’t know what the answer is. Nom from Monkedao has been super freaking zen on this almost to a fault. He’s letting the community make the big decisions and going with it. Not making aggressive pump it to the moon, but reasonable, well thought out statements. I like it, but also want my bags to pump. But what I like is that this is going to be beneficial in the long term and he’s not sacrificing any of the values of the project in order to do that. * End of Q1 and we will be getting our Solana Phones relatively soon. Quarter recap is one of resilience. No big players, just community. Bonk saved us and was community driven, I think the community that we have now is strong and we are seeing the good actors speaking up more. There has been so much negativity towards Solana, and I think only now are we seeing the community starting to fire back on the inconsistencies. * User focus: seeing a lot of people calling for a Bankless for Solana and I’m pumped for that. But it seems like it’s a bunch of the developers and project founders that are stepping up. This isn’t it, we need users as the promoters of the chain. * US Regulatory Crackdown: An overview of the recent regulatory crackdown on cryptocurrencies in the United States, discussing its implications for Solana and the broader crypto space. Binanace getting sued, Coinbase getting a wells notice and saying they will fight this. * Closing Thoughts: A summary of the episode's key takeaways and a look ahead at what to expect in the coming week in the Solana ecosystem. Regulators coming at us, top projects leaving, Solana still working better and projects are only getting more useful. Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe

What’s up everybody! I’m feeling the rush this morning and the energy is back in the Crypto economy. Bitcoin is having a renaissance and we are all going to benefit off of it. Traditional markets and finance are being tested and are getting scarier and scarier. Crypto isn’t the lifeboat, but it is alternate system with hope. My thesis is Solana plays a big part in this, but I want the theme of this episode to be how the sector is solving a problem, how the big picture comes together. This is how we make it. Going to try to get away from Twitter and charts for a bit to focus on this, honestly it’s addicting watching what’s going on. Solana Price: 22.66 - with a low of $18.80 and a high of almost $24.00. SolEth: .01255 - saw some pumps and dumps on this. Eth holding $1800 rn. SolBTC: .000790- saw a ton of ups and downs, sitting at $28,710 and looking like up only.I want to move on to some Solana cope I’ve been thinking about: This kind of sums up the cope. Solana wins on 3, 5, and 6. Others are being worked on, but this is what we are up against. We saw Solana rip up and dump down like crazy, people making all sorts of crazy claims. But this is what it comes down to, and what people on the outside see. A fast NFT chain with a good user experience. A fun chain. But it lacks the rest. You won’t see people fleeing a USD crash to Solana, you won’t see tons of liquidity on defi protocols, and you can see 3 times the blockchain was halted. FOMC going on right now, and expecting to raise rates by only 25 basis points, shifting from raising rates as they have been because they have broken many banks. We’ve seen 5 bank failures because they don’t have the reserves based on losses stemming from rates changing. Something like 200 other banks are at risk. This leads to BTC going crazy and Balaji betting a million dollars that BTC goes to 1 million/coin in 90 days. He’s calling for a full collapse of the current system. It’s insane and not happening. BUT he’s not wrong to point out that there are major systemic issues. Bitcoin does solve a lot of this. Bitcoin will be a big player and benefactor of the current slip ups. Bitcoiners are insufferable, but seem to be right. Counterparty risk - You keep your $ in a bank, they don’t keep your money in the bank. They loan that cash out to get more money back. It’s all good and dandy until they don’t make money or depositors want all their money back. With Bitcoin you are out of the system and not relying on any institution. We’ve seen BTC go up 40% since these banks started failing and it doesn’t look like it’s stopping. Balaji is a big voice, and the amount of impressions he’s getting for these bets is unreal. From this, we will see risk assets go up. Fed saves banks, fed prints money to do so. Bitcoin up, crypto up, Solana up. Solana will not be the primary mover here under this environment, and we have shifted to focusing on Bitcoin. This is not bearish for Solana, but the narratives around its value might actually be changing. It’s a fast nft chain that is user friendly. It’s down the risk curve from Bitcoin, but not that far. It becomes investable because of those features. Those features don’t bring in the value like they were. The next billion users are not here for Solana, but the next billion dollars to invest in Solana might be here. It’s good enough for me, and we deserve a pump in price to save all the loyal degens for staying here. Done with big picture, it’s changed, but it’s still bullish. In NFT’s, Bitcoin Ordinals are here and I think it’s massive. This is bringing fun to Bitcoin, new development, new energy, and more importantly more users to the chain. Blockspace on Bitcoin is the most expensive blockspace, hands down. We are now using that blockspace for JPEGs. I’m in, I’m loving it, and I think that the most expensive JPEG’s belong on the most expensive and immutable blockchain. I think we have to adjust to this, Magic Eden did and launched their Marketplace on Bitcoin. Wallets are better, I like Xverse, and Bitcoin is back in circulation. Sol NFTs: We’ve got volume back bigly. Successful mints: Wolf Capital, Oogy, and B******s. It’s mint and print season baby. All doing well with Oogy leading the way and hitting over a 30 Sol floor. Bullish on them and the Mad Lads coming up soon. Current NFT meta: with Tensor taking over a lot of the volume it seems more and more like it’s a floor price meta. Mid rares matter way less than they did and you either sell instantly into an AMM at a small loss or sit and wait to sell at floor. Because of this I’m going to test out some raffles on Famous Foxes. I think that NFT’s shouldn’t be overinvested in right now. Think about it, BTC up, Sol up, NFT prices down. So I am looking to divest some. Been spending some time in Cyber Samurai’s discord and gotta recommend it. Top notch dao, underrated. They have charts, they have Ordinals talk, it’s stacked. Shake is dope and super smart. Gotta talk MonkeDAO vs SMB. They dropped the

Welcome, welcome to the 17th edition of Solana Weekly, this is Thomas Bahamas and as always, thanks for joining. Solana price: $18.85 - Hitting a low of $16.13 and a high of 22, we’re seeing some volatility! Right now it seems to be in a bad way lets hope we can turn this around. Sol/Eth: Sitting at .01157 - tanking a little. We’ll see how Eth holds up with the Shanghai upgrade. Bob Loukas calling for 30k Eth, so I’m ready for the supercycle.BTC: Catching a bid, sitting at 24k, I’m adding in SOL BTC at .000778 because it’s leading the charge now and I’ll dig into why. Primary news: So much. Silicon Valley Bank goes under, starting Friday morning while holding 3.3 billion of Circle's treasury. The problem with that is our trusted boomer stablecoin USDC was depegged and got down to $.90 because of it. Panic in the streets. They ended up bailing out all depositors and the peg is back. I wasn’t even watching the price of Sol dipping because I was watching my stables slowly die. Bitcoin on a tear ever since. value prop has never been higher. I’m long.The banking system is showing its cracks and our current financial system is being challenged. It’s not going down, but it’s going to open the door for crypto. Crypto is just better at a lot of things. Regulators - coming for crypto, on ramps and off ramps are what they can control. Get on chain and they can’t. This is backlash from SBF making them look like a joke, he exposed their vulnerability of greed and did it with a full on ponzu scheme. CPI print came in as expected on 3/14 and we're looking to go up for a while, it seems like Sol Price is moving with BTC and ETH. Big mints - Papu, and B******s today, with Wolf Capital coming at you tomorrow. NFT LA coming up next week, hoping for big news. Expecting big news from Clayno’s, Degen Trash Pandas, MonkeDao always puts on a sick show, bonk hosting an axe throwing party. I shilled Degen Trash Panda’s and swept a few, think they are a play. Bonk is so f ing back. Small shill for Crypto Duck Punks. Holding onto support here and I’m hoping we can see us push through some highs. Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe

Thank you for joining me for the 16th episode of Solana Weekly, this is Thomas Bahamas we’re going to dive into what happened this last week and what the long term implications are. Solana Price - $19.00 and it kind of seems to be holding up, almost hanging on to support. Big week of news from fed, kind of feeling bearish. We saw some strength at 20, but broke through there and might be seeing the dip from the network outage. SolEth -.0122 - we’re dipping vs Eth. Tensor - bringing back the bull for NFT’s? Airdrop, liquidity, removing undercutters. What this means. We were under 70k Sol volume for NFT’s, and now we’re well over 100k with Tensor taking over 30% market share. Overall NFT’s are looking great on Solana. Been loving SolSniper to track volumes and Tensor’s tools are so good. My concern with Tensor is that it literally turns NFT’s into altcoins with pictures. You can just sweep and insta dump without looking at the NFT. Can’t tell if this is the future or the end of the generative NFT collection being looked at as art. Mad lads - wl claim 1st wave done. I think it’s looking super bullish and I haven’t seen a single piece of fud about them or the Backpack wallet. Lily, clayno, geckos all pumping. Clayno’s really pumping. Famous Foxes - over 70k/ week in revenue so bullish, they are looking real strong with FFF at 56, TFF at 18. I think they are so ripe for a pump. Also think they could do a Polygon tooling or drop and freaking crush. Shout out to degen mints in Monke Dao, these mfs create degen mints if there aren’t any. Smol coin, bidets, screen shotter fractionalized, worms, mug shawty’s of hot mug shotted women. The hustle doesn’t stop. Monke dao voted down the release of their omc collection. Taking a week to recoup. Floor price seems to track back around 200. I think they were rushing everything anyways. Nft LA coming up - Monke Dao party set, heard Clayno will do another drop. Sol defi: Down horrendously, TVL is bottom of the food chain and now below some chain called “defichain.” Sucks, but we need to rebuild. The value proposition of defi on Solana is super high, but the market is not supporting that. The market is not valuing it this way, so we’ll see if it’s wrong, or if the uptime issue is a game changer. Eth Denver just finished up, cringy songs but looked like a good time. Seems like the price didn’t tank massively, bullish. All quiet on the bonk front.Wallets - backpack is all the rage, also glow wallet is sick and probably the best mobile wallet. You can make any photo into an nft and use ai to generate pics.Ledger continues to suck with Solana and their latest update not connecting to phantom wallets. Leaving the door wide open for a better solution. Solana Phone - Q1 is ending soon and we should be seeing an announcement about availability. Saw a Bankless guy posting about issues with Uniswap not being able to get their wallet approved on Apple and went to say Solana Phone solves this, but it had already been raided. This is going to be a game changer. I still want to see some sort of sick defi way to fund the phone. Like lend Sol, borrow USDC, pay off monthly. I might just do something like that myself to talk about it. Bitcoin available on Solana, WBTC is back from Jump. Could this add to defi TVL? Yes. GBTC - Greyscale going to battle with the SEC, I think in order for the whole crypto market to heal we need a win here. Seems like they came out on the offensive and we saw the discount vs btc increase over 10% because of it. I think this is bullish for BTC and trickles down across the whole market. Thank you all and as Bunjil from Lily says all the time “Let’s get this s**t.” Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe

What’s up everybody!? This is Thomas Bahamas and I appreciate you joining in for another weekly update on our favorite blockchain, Solana!Solana goes down for almost a full day. Went down during a software upgrade. It seems like once it was completed there was an issue with transactions finalizing so it triggered a stop to preserve the state of the blockchain. Which was never lost, and there were still voting messages going through at this time something like 200 tps (which is more than most still.) But they ended up fixing it after almost a full day. Solana price didn't really react to it, sitting at $22.22. SolEth dipped a bit to .01352 as Eth has been showing strength versus the entire market. MonkeDao - voting for independence from Hades. Lollipop - in the middle and proving the value of governance tokens. Sol Defi - taking a hit from an outage and good faith from users. Sharkyfi scrambling to not liquidate borrowers. Lily - showing strength in a low volume market. Positioned well. Include Degenerate Trash Pandas, Critters, and Dandies based on the Lily bullish case. MadLads - Their Madlist dropped, mine is not coming through, but I’m super bullish on this whole drop. Claim it in backpack, and big news that Backpack is open to everyone, any invite code will now work. Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe

Sol Price: Just popping over $24 - started week off around $20 and peaked over $26. We’re still ranging, it is looking like we’re might have more ways to go down based off of traditional markets kind of nuking. SolEth - .01466 - Staying pretty close to Eth, whole market is slowing down a little. Magic Eden Volume: Down bad, at 77,134 Sol for 24 hours. Slow down in full effect. Kind of across the board. No exciting mints right now, no big movers. No idea how DeGods and y00ts have 30k of that volume. Jump conspiracy? Solana’s speed in innovation is in full effect: Eth currently seeing the royalty debate in full effect. Blur is rewarding users, stealing market share from OpenSea. NFT talk - what creates a successful project? What has worked short term vs long term? Community, burn, rewards, memes, communication, alpha. Crytpo Duck Punkz - your likely not exposed enough. Famous Foxes- upgraded my TFF, it’s sick, Zen0 did the upgrades, I’m super bullish. Citrus Lending protocol on FFF, iterating on Sharky, much better options for borrowers. Doesn’t have the same depth of liquidity, but it’s coming. Polygon has surpassed Solana in volume on NFT’s. But it’s all wash trading so it doesn’t really matter. How should cryptocurrencies compete? Tiplink - just raised 6 mill and released a sick project. Want to get someone into SOL but don’t have a good way? Create a link which is a Solana Wallet. All they have to do is click and claim and they are onboarded. Altcoins: Cooldown as well, RLB dipping some, I’m hoping for season two of Bonk soon, but nothing yet. Dust is pumping, but I’m just over it. Interesting problem on Solana: we need users to make money. This is people working in the ecosystem, this is investors, this is NFT enthusiasts. I feel like so many more people have gotten hosed from Solana because they bought in at the top. The cycles on Solana are just too damn quick, we almost need to slow it down. There is nothing wrong with people making money and we need to change the mindset on this one. I don’t even know what sector of the ecosystem makes the most money. As always, this is Thomas Bahamas, thank you for stopping by! Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe

I tried to record last week but I was at the beach and it sounded terrible. So we’re bringing an episode with two weeks of alpha shrunk into one. Solana Price - Ranging, we are at $23.50, hit as high as $26, and dipped down to just under $20. SolEth - Sitting at .014, not bad. Toly on Bankless, gets a fair shake.SMB bought out by HGE and given to HadesDAO, in spite of MonkeDAO negotiations. Gotta dive into that. Overall it’s good for holders, unbelievable opportunity for Hadeswap, kind of shitty for all the contributors to MD. Gambling! We talk Rollbit, SolCasino, and how this is hitting product market fit on Solana. I don’t think it’s going away. Altcoins: RLB, Bonk seeing some rise, Hades seeing a dip. Wallet Security - up it, Kevin Rose hacked for 2 mill +, we got tons of great solutions. NFT’s on Bitcoin? That’s right. Tooling on Solana - ZachXBT bashes it, hopefully Mert from Helius saves us. DeGod’s Female Deriv - the Solana NFT lifecycle in a week. Pump, rug, de rug, pump. amazing. Regulation - Binance US and struggle with USD deposits, Kraken lawsuit for 30 mill in regards to staking. Decentralized staking becoming vastly more important/ appealing. Have to talk Lido protocol and how important they are. Balaji new podcast - legend, and his importance on the last cycle was massive. Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe

Feels like a little bit of a more normal week, nothing exploded, no major rug or hack, price went up and down. It does seem like we’re ready for a big move. FOMC just dropped and we only got a 25 basis point raise so we’re seeing a little bit of a pump. Couple new mints happening and NFT market seems like it’s slowing down a bit. Solana Price - currently at $24.46. Not bad. We dipped down to 22, and shot up to almost 27. Seems to me like there is still a good demand for Solana even if markets are looking scary. I still think we have more upside on the token because of what’s being built out on the protocol side and the crazy use cases that are being built out. Sol/Eth - sitting at .015, steady. Bonk - kind of slowing down on the meme coin, I still have hope. We saw a launch of the Solana Bonk Business NFT and it caught legs, topping out at around 7 Sol. They were pixelated and kind of fun. Not as hyped up as the Bonkz NFT, but they were fun.Bonkz had their magic reveal. You burn your placeholder NFT and get your Bonk NFT. There were a bunch of sick 1/1’s by top artists so everyone wanted one. But they revealed and TANKED. They are under 3 Sol and pre reveal was at 16. So not a good look. When I did the burn process it errored for me, so it was a bad look. There are 15k of these and a lot of the attributes weren’t that well done with floating arms and the like. Shouldn’t have done 15k, should have just done the 1/1’s. Kind of a flop, cute PFP’s but meh. Pirate Squad minted today and is doing really well. I had a presale and it was 3 Sol, currently over 7.5 Sol. The idea of play to earn with actual games is pretty cool and I’ll probably hold for a while. Overall outlook on NFT’s: kind of bearish short term. The royalties thing is coming back up again with the different royalty enforcement contracts and marketplaces only allowing certain ones on their platform. Kind of bs, just figure it out. Magic Eden has too much power. The other part is while Solana is either pumping or dumping in value NFT’s will take a dip in floor price. It’s kind of BS, but it’s true. So I kind of want to derisk some NFT’s at this point, but will also be looking for some long term plays if the floors do dip far enough. One NFT project that fits this bill is the Degenerate Ape Academy. No idea why they aren’t higher and I don’t keep track of them. But they just released a game, they are releasing V2 with upgradable traits, I’m just kind of bullish on them long term. They are one of the first projects on Solana, hilarious, they do a bunch of crazy s**t and their floor price has been down only. Worth keeping an eye on. Meme coin update - Smol seems to have calmed down. Dabloons is an interesting one. they are only releasing their token to stakers of their NFT’s. I think it was a free mint, I bought couple and staked them. You get like 200,000 tokens/day/NFT for the next 7-10 days, and it’s a couple bucks a day. We’ll see how it goes, I’ve got a couple staked. Good listen: Benny Bitcoins on Logan Jastremski Pod - talking BD on Solana and their BD strategy. Love it, it’s to help facilitate projects and help them thrive. Not bankroll them like Polygon. Seems like a super reasonable guy, not very pushy an dnot shoving Solana/crypto at you. Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe

Solana price -dipped down to $21, sticking in the range around $24 now. Steady, not pumping too hard and keeping our nft values up there. SolEth .015 - steady light gains against eth. Aptos caught a freaking bid - over a 3x, bad launch but seems to have more legs than we thought. Couple topics I want to cover:Overall why it’s so fun to root for Solana :You don’t have to be cheering the end of the world in order to pump your bags. Btc, even eth is guilty of assuming they are going to take over because of how shitty everything is. Solana is more like let’s play NFT games, dog coins, you can use our network with dollars and it’s cheap and fun.I quite like it. When you say the fun chain it’s because we aren’t trying to replace things, we are rethinking what you can do with blockchain based on innovations. Wallet security -The great Kevin Rose hack must be talked about. Huge fan of Kevin, him and Tim Ferris have a pretty big influence on why I’m in crypto so to see him get his vault wallet drained to the tune of 2 mill is terrible. It goes to wallet security, he signed one malicious transaction and it drained his wallet. Even if it was a hardware wallet this could have happened. We have to do Better.This isn’t an eth thing, this is a cross the board. Until there are better solutions we have to do what we can to protect ourselves. Hold multiple wallets, multi sig wallets, hardware wallets, use the damn horcrux method where you don’t have everything on one wallet. Wallets are free! Toly challenged Armani to build a cold wallet that can’t interact with smart contracts and can only send to wallets and he did it in a day. I’m going to revisit back pack and do what I can. I use a ledger for almost everything. But it’s not good enough. Will be splitting everything. Up. Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe

Price talk: 2x’d this week, 3x from bottom baby. SolEth doubled to .0142 - we love to see it. Explanation of why we care. Bonkz- fomo is real, reveal early next week, the art has been fire. Smol Coin - dream big, think smol, total supply: 1. Sharky.Fi Review of first week using. 2 loans paid back early, 1 big one soon?Dialect out, great for a morning GM.Toly says no fees for the robots. Lollipop Burns his Brero Monke? Crypto Duck Punks talk - sweep and burn baby.Shoe Ventures - weird presence in the space, botch a bonk drop to their project?Bullish on Polygon even though they aren’t acting in good faith, it will rise all tides and we gotta chase the liquidity and dump on those bozos. Solana = Fun Chain confirmed. Thank you for joining me in the Bahamas, this is Thomas. Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe

GM, GM all! We’re riding the high from last week and getting noticed. Huge mint yesterday of BONKz, crazy performance out of Solana, crazy amounts of volume, and I’m loving it all. I would say the best part of this was that the market stayed relatively flat as a whole, but Solana caught a bid and wicked from mid $13 to mid $16 in a heartbeat. We’ve had crazy rain and flooding in California, but Solana is saying hold my beer and making it rain harder. Current price we mellowed out at $16 after hitting a high of $17.34, and I’m hearing this being described as a continuation to the short squeeze. It’s the most interesting sector of the crypto market, and everyone is paying attention to it because this has been such a big move. I think this comes down to traders chasing volatility and with no easy trades or setups, attention goes to where volatility is. Come for the volatility, stay for the vibes? They damn well should, the vibes have been great. Bonk airdrop continues to have people integrating Bonk and figuring out fun ways to burn it and drop the supply. Meme coins are all over the place with Fronk showing up and the disgraced DeGods trying to meme it into a thing. Spoiler: they didn’t and it dumped to 0. I just think they did a really good job getting the community together. I’m still sitting here waiting on that Bonk drop for quite a few projects, but not sweating it. Nom if you hear this, us whales at Crypto Duck Punkz are willing to burn a quek or two when we get the drop, please sir. SolEth is getting a little recovery with this as well, hitting up to .012Topics: BONKz - hyped drop. Mint in Bonk, burn that bonk, get yourself some sick art from some 1/1 artists that Bonk. It’s a beautiful thing. We’ve got Degen Poet, John Le, Basket from Basket Fellas and more that came together under the OmniCollective that is connected to the Gods (formerly known as the SolGods.) I had whitelist because I’m holding that bonk, but so did over 100k others lol. So it was shitshow. It was launched on Magic Eden and we got some thoughts on that marketplace we’ll get to. I spammed transactions from my phone and my browser for the whole 25 minutes it took to mint the project out and only got 1. I called this a Solana stress test and we won boys, pack it up bears. Magic Eden was the launchpad, they used their “open sourced” smart contracts to launch these on that protect their royalties. They also made it so that I couldn’t mint and the one I did mint I couldn’t send between wallets. This is not the answer. It’s such a shame that a community driven project like Bonk is getting represented with a potentially sick NFT project, but it’s basically not your NFT. It can only be traded or sent through Magic Eden at this point. It’s terrible. I get that artists need royalties, but this just feels terrible. The best part? That the 4% royalties are going to a project that has no team, dao, discord or anything. So they are going to burn 2% and the rest goes to a fund. Not great. Backpack and privacy- Solana wallet from Armani, multiple accounts being inside the wallet that you can keep somewhat separate. Implications of safety when we get our Solana Phone’s and how Backpack will be leading this charge. Google cloud buying millions of Solana? Maybe, sources? I made it up and read a tweet from a rando named Marty Party. Defi is pumping - Kamino and Orca pools for Bonk are almost maxed out again and TVL is getting pumped up. It’s decided, defi is so f ing back. I’ve been getting more and more interested in NFT defi. I’m in on Frakt. I’m staking a Frakt NFT, hold some tokens, and I’m lending SOL for like 20% in one of their pools. It’s great and it’s an interesting use case for NFT’s that’s creating liquidity for people needing it, and generating yield on Sol. I’ve also been dabbling in Sharkyfi, and it’s great. I used to hate it and dumped my sharks after seeing their terrible web page. But you can get passed it and get some killer deals. You can make short term loans to holders of NFT’s at 40-60% of the loan to the value of the floor of the NFT, and get interest in the range of 100-240%. So you either get interest and your Sol back, or you get interest and the NFT back at a fat discount if they liquidate. I like it. My man Lolli who has been absolutely destroying the Bonk moves put out a manifesto this morning that I want to finish with. A community take over of sorts of the Solana blockchain moving from the economic incentives of the Solana Foundation to shift it towards the community being the focus with social consensus. It’s insane, but also maybe a little brilliant. We washed out all the worst actors, grifters, and sociopaths, why not put a community standard in place? Rather than just follow along with a foundation like the Ethereum community, why don’t we push for something radical? I like it, it’s almost like building a DAO to help with the direction of the future of Solana. I would say that Toly is pretty hands off with this part

GM,GM the market has shifted, the sentiment is so positive and I’m having a blast. We’ve got another huge week and I’m having a hard time taking my eyes off the Bonk chart long enough to make this 8th episode drop. I’m going to get into how we almost doubled the price of Solana, saw insane volume in NFT’s and how a meme coin gave a community something to rally behind. Price of Solana: From $8 to $13.50, huge. Last episode I was shaking in my boots and sticking to my guns. I bought more and I now feel like a genius. Interestingly enough a tweet from Vitalik talking about the Solana team’s developers marked the bottom. He had heard that the teams are solid, and hoped the best for them or something along those lines. From there we saw an uptick and the Billions that were shorting Sol ended up getting squeezed out. Then we had the airdrop of BONK! This through gasoline on the short squeeze and we wicked to over $14. People are trashing Bonk, because it’s all over the timeline, it’s loud, we’re euphoric. But let us have this, we’ve been in Solana for a while and just went down like 96%. This was a community token, airdropped to the Solana Devs, NFT holders of top projects, and dropped with spectacular memes. This brought so much liquidity and fun I can’t stop talking about it. My wife hates it. But what needs to be said is that rewarding everyone that’s been in the community should be celebrated, this was done with good intentions from a solid team of 22 OG’s. They aren’t “Boogles dumping on us” they are a team of legends that pulled off one of the best airdrops yet. Degods allocation of bonk got straight burnt today, it was something like $600k worth. Defi is pumping, Orca lp is going insane over 999% apy right now. I put in a tiny amount and got 10% returns on my investment in a day. The best part is that the airdrops aren’t even done yet. There’s currently over 90,000 active wallets that have traded or held Bonk, with a ton of new wallets being opened since the drop. So people are actually in profit, on an SPL token on the Solana blockchain.I don’t know where we go from here, I sold some and I’m holding onto my bag for a while. It’s just fun, I believe in it even though it’s so hard to just blindly hold.Good tokenomics, good team, good goal, fun, good memes, I took some profit, now I’m going to 50 iq it and hold a bag. Art update meta - Monkettes the SMB deriv is getting a facelift and a supply squeeze. Burn one Monkette to upgrade another that’s designed by a sick @marculinopng Monkette. If that name sounds familiar it’s because he designed the dude on the artwork for this pod. He’s super talented and I’m pumped that he’s getting recognized. The Transdimensional Famous Foxes of Famous Fox Federation will also be getting an art upgrade by the talented Zen0, which will be sick. I’ve been saying I like the tff’s more than the fffs and now with these upgrades it’s coming true, and these will be epic. I called him Zen0MMM on the pod, my apologies sir. All NFT’s have been pumping, volume off the hook. People coming to Solana for bonk, taking profits and buying nft’s. Let’s keep it up and have some fun, celebrate people taking profit, and try to not fomo in at the top. Echo chambers. The serious lack of energy in the R/Solana channel in Reddit. The terrible Wikipedia page that it had, and basically how we are stuck in what I call the Echo Chamber problem. We see all the latest news, we know what’s real fud and and what’s problematic, but if you’re trying to DYOR and Google search Solana or look on Youtube, you’re probably walking away from the ecosystem. This isn’t just a Solana problem, it speaks to the current system of the loudest people getting the most play everywhere. We scoff at SEO and catchy headlines, but they seem to run the show. To be honest, this is one of the major reasons I created the podcast. Give a digestible information drop on big picture items, what’s going on in the ecosystem, and try to use a long term view of things. I’m not a trader, I just love using Solana, love the community, think that NFT’s are some of the most exciting expression of the combination of art, business, software, technology, DAO’s and pushing all of these to their absolute limit. I hope that comes across and I hope that you got something out of this. Feel free to reach out or leave me a review on the pod to let me know how I’m doing. Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe

Sol price wicked to $8.00, sitting at $8.38, from about 12 earlier in the week. Not great. Big tanking energy right now. SolEth headed off a Cliff at .007.Economy as a whole is on the fritz. Tech is down bad. Crypto is down bad, btc, eth, down bad. So yes Solana is also down bad. But it’s down more than other’s due to the narrative being absolutely nuked. FTX, Multicoin, 3AC, numerous defi hacks, a wallet drainer. What do we do? At this point, I’m just holding and looking for spots to buy in for some more. Degods and y00tz to Eth and Polygon. Polygon’s bd strategy of paying to play. Solana Monkey Business is voting to change up leadership. Shrink the board and get Nom in as the CEO. Pumped about it. Bonk! I freakin Called it. Airdrops to communities bringing the whole Sol economy together. Shoe Ventures coming through with some fun in this bear market and giving us something to cheer for. There were hints in the Crypto Duck Punks Dao. Projects I checked out: Ottr finance - kind of like a Venmo for Solana. I deposited some USDC and sent to my wallet. Love seeing super easy ways to on-ramp and these type of projects are awesome. I found a bug that was crashing the app, tweeted out, and they had a fix out in like an hour. So id say that’s a pretty solid team. Read a great thread on the possibilities of Helium’s move to Solana. Decentralized internet coming to Solana! Pair it with the phone coming out early next year and you have a fully operational hardware stack for the internet. Jim Cramer, that’s right, that Jim Cramer, said that only idiots are holding Solana. He’s taking everything I’m working for. But for real, I’ve said this before and I’ll say it again, this guy is like crack to boomer’s and Finish on resiliency. High risk, high reward, we are seeing the other side of the risk right now. It’s tough. People are losing serious amounts of money. I am not overinvested but it takes a toll to be down so much. So anyways I feel for anyone out there and my dm’s are open for anyone needing some positivity. Props on the artwork for this pod, from the DudeDao, @marculinopng on Twitter. Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe

Gm, Gm all! It’s a bear market, fud is all around us, crypto market is down, Solana is down, NFT’s are mostly sideways, but still tons to go over. I’ve been debating the idea of how we move the space forward and have actually come around to the Web 3 narrative and think we should all get behind it. Why? It rebrands crypto, gives a much more positive connotation and also puts together all these different factions of crypto communities giving us one big central idea to push. All the different communities and coins and protocols are too much and the infighting does nothing. I normally cover what’s the biggest fud, and it’s the internal fighting. It’s Eth vs BTC, it’s Eth vs Sol, it’s Solana NFT projects bickering about royalties. It’s actually the biggest users and biggest bulls that aren’t doing themselves any favors. I think a lot of these discussions aren’t meant for the public and are boring af. A lot of this is arguing about the wires that power the internet, not the beautiful applications of the innovation that we can cheer on. I don’t know how we go about changing this, but we gotta start with ourselves and choosing positivity over fud. Solana is a positive add to the web 3 space, and we need to be promoting digital assets that are fun and can be wholly owned and secured. * Solana Price - We’re sitting at $12.19, we had a high of $14.70 and dumped to $11.70. The crazy part about this is that I can’t even tell you why. It got scary on the lows, we recovered, but you know everyone is out there calling for sub $10. * Sol/Eth - nothing burger - sitting at .0100, still down bad.* NFT News - Mara’s minted out yesterday, strong community and dope art from Near, Knittables are minting today and it looks like they are having some issues with the mint page being down. I gotta bring up the Trump drop. He dropped his trading cards and it was a smash. On Polygon. 45,000 individual pieces and they 10x’d before dropping. How do you bring about mass adoption? Bring in the niche communities and show them they can make money. Maga hit a 10x. They are a powerful community with 45 million votes for Trump as president. A former president (whether you like him and his politics aside) launched an NFT project and you’re not bullish on the space? Come on! The way it was done was smart, it was a digital trading collectible. Easy to digest, pay $99, use a credit card if you want, and you get a digital card. Whether they will be able to actually find their wallet is yet to be determined. This proves that the more that we can simplify the wording, narrative, process, the better off we are. Growth is growth. * Defi news - Drift Protocol version 2 is live to everyone. I tested it out and it’s clean AF. I think we need more of these and hope to see them succeed. I also got red pilled on Lifinity and their Flare NFT project as well as their defi protocol. I love everything about this, lock up your NFT for 6 months, earn yourself some tokens, lock those tokens, earn more. Also while you do that you are earning some of the revenue of the defi protocol. So it’s not actually a ponzi, it’s distributing profits. The team seems solid, community has been super welcoming. I also have to bring up some conversations that Toly has been having. He’s been advocating for building out a CEX on Solana. I don’t really know how this would work, but the idea would be something like a centralized organization having all reserves and addresses on chain so that you never have another FTX. I could see this being huge because the centralized experience is generally so much better. I watch Toly’s Twitter debates like an avid sports fan that doesn’t fully understand the sport, like it’s rugby or something but it’s my college so I’m rooting regardless. One of the main guys at Orca actually chimed in saying this is something they will do. Bullish. I tried pinging him in MonkeDao’s Defi channel in Discord but haven’t heard anything back. They also discussed this on the Unchained Podcast in the Episode with Cobie and Chris Burniske. * The quicky of the current thing - Trump, Polygon, multichain, L1’s even profitable, NFT smart contracts being open sourced or siloed to Magic Eden, bear market, Bitcoin development, boredom, DCA. * Best FUD - I think that everyone’s fudding, but everyone is just downbad. I think the biggest fud is people leaving the space because it’s just not as fun. We’re going to be down for a while, find some areas you can contribute to and add something positive. Or just DCA and work. Another thing I’ve been thinking about is how I’m going to actually use the Solana Phone. They start shipping Q1 and I’m an iPhone guy. I’m ready to upgrade my phone and debating getting a new iPhone or just going 100% Solana. I’ll probably keep the iPhone because I don’t want to have those green messages in the group chat and ruin it for everyone when someone likes a post. But we’ll see. Anyways, this is Thomas Bahamas bringing you an okay recap of the week in Solan

Gm, Gm to all! I’ve been thinking about the structure of this and how dumb it is. I think I need to create a good landing page and condense the Podcast with the post. So here it is. I’m also scrapping that intro song because I don’t want to many people to listen to this just for my sing along to having Sol but not being a soldier. I’m also debating writing a script versus having a list of topics and just riffing on them. The whole idea being this is to get better at speaking, and improve at it. Reading and adding a line or two after each part of the script is kind of like how Trump used to do speeches and it’s kind of lame. I think improving my communication through having to think on the spot and just riffing might be a better challenge and something I absolutely improve on. Another benefit I’ve been seeing from this is I get to see just how good or bad my thinking is by listening through it. If I’m trying to piece together important information on a weekly basis and I have a hard time seeing through why the team at Crypto Duck Punks aren’t pumping it, maybe I need to refocus my lens. With that, let’s ride. * Solana Price - We’re sitting at $13.76, dumped under 13 and pumped with the rest of the market to over $14 before settling down. * Sol/Eth - nothing burger - sitting at .01038, moving similarly, wen decouple. * NFT News - Toys R Us, yes that Toys R Us dropped an NFT. Huge news, cool that they dropped on Solana. Minted at 7, they revealed and they are uninspiring giraffes.* Defi news - protocols opening up, total value locked in these protocols is small though. Heard a good theory that Alameda was actually a good thing for defi because they brought liquidity and prevented other wales from moving markets easily. So we would be more of sitting ducks. * The quicky of the current thing - Sam Bankman-Fried arrested, DeGods praised in an article by The Block for positivity in the Sol NFT ecosystem despite token price dumping, small pump this morning from favorable CPI numbers, Polygon hate still here, Binance now facing a bank run with everyone removing funds and they had to halt withdrawals, GBTC discount is at 50% and Grayscale/DCG blowup is looming, FTX hearing ongoing now, SBF was to testify but that fool is locked up, Elon keeps changing things up on Twitter, people are wising up to using hardware wallets, BTC maxi’s are feeling emboldened by some crypto doom, Eth L2’s are heating up and Arbitrum seems like the most interesting one with GMX being a delight to use. * Best FUD - nothing really new here, just continued positivity and data coming out on Solana with good communication from the top. * Topics I riff on:* The roll of Personal finance in Crypto. What’s responsible vs irresponsible? * Value of pump n dumpers in NFT’s. Presale, Whitelist meta and thinking of them as hired marketers. * Conspiracy theory for Crypto Duck Punkz and the Bonk dog coin dropping. * Building your own echo chamber to make the algorithm's your b***h. * Lastly Red Panda Squad is derugging today and by respawning them on a different contract they own. The project was compromised by an anon dev who had the private keys to the project. So they flagged it on Magic Eden and it almost went to zero. I would say they weren’t the best communicators, weren’t clear that they f’d up, but it’s what got me pumped about nft’s and communities so they are back. Appreciate your time, and let me know what you think. Thomas Bahamas (not in the Bahamas) Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe

I also meant to talk about Samo Coin and dog coins on Solana. Shout out to all the dogs out there. We do a little review of price, Polygon, Defi, NFT’s, I make a joke, and if you read this you’re going to make it. Drop a Solana addy in the comments and I’ll send you some Samo’s. Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe

Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe

Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe

Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe

I don’t know why it’s so hard to read 11 and a half f ing minutes without losing my voice and breathing like a freak. Full post: Get full access to The Dramas of Thomas Bahamas at thomasbahamas.substack.com/subscribe