@JukovCrypto

Remember when the $GME craze happened and the Broker Platforms shutted down? solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy solves that.

solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy Trades at $0.57 today btw. First big dip thanks to a market-wide sell-off. You can guide horses to the water, but you cannot make them drink.

GM Asian markets (especially KOSPI & NIKKEI) selling off and dragging down everything else with it: Gold -2% / Silver -5% / SP500 -0.5% / NDQ -1.3% / BTC -2% This is the new normal: > Every dip is bigger than what we've been used to, thanks to a higher overall VIX (& a new Fed Chair who doesn't give any outlook anymore). > But also: every dip could be the beginning of the end. Emotions run higher, adding volatility on top.

Most people simply don’t understand what @backpack really is and are comparing solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy to other crypto tokens. But that's the wrong framework entirely. $BP is not competing with $HYPE or ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3. It's competing with $IBKR. Interactive Brokers sits at $165B valuation. It has a hated UX that looks like it was built in 1998. But still the go-to for retail traders who want frictionless access to global markets. Clunky, ugly, complicated. But it works, and that's why it has a near-monopoly. Backpack is building the same thing, except it abstracts away the clunky and ugly part. Crypto + world wide stocks + perps, all regulated, all on one platform, with a UX that doesn't make you want to close your laptop. At $161M Circ MC ($640M FDV) vs IBKR's $165B, you're not buying a crypto project. You're buying a pre-IPO bet on the next-gen multi-asset broker at seed-round pricing in an Industry which is blooming like never before but still uses terrible Tools with outdated UX. The question is whether it's cheap compared to the incumbents it's actually trying to replace, not some crypto tokens.

Many expected Warsh to be overly dovish as he was Trumps favorite Choice and was pretty much giving giga dovish speeches with lots of nice words towards Trump, Growth-Positive singals and a laissez-faire outlook. I think market needs to digest now (correct here a bit) that there was no dovishness to be found and on top of that also no more (dovish) guidance. A big potential bull-joker just got eliminated.