Theses & replies
trust the process π±π΅ https://x.com/wowdrama/status/2100291163273965732
been studying the $BASECAT chart for hours ππΌππΌππΌ https://x.com/wowdrama/status/2100071437297946682
work your bag and trust the process do like/repost everything with $BASECAT cashtag on X
donβt let price action build or destroy your thesis for you - build your own thesis first π― otherwise every red candle becomes a reason to leave and every green candle becomes a reason to chase π½ https://x.com/wowdrama/status/2098798424451657910
$BASECAT is trading at basically the same price it was 2 weeks ago π the only difference? It went to ~$80m in between and somehow that makes the same price feel completely different today thatβs markets π€·ββοΈ $CASHCAT went from ~$220m to ~$40m and spent weeks there before eventually making a new ATH $TOSHI went from ~$260m to around ~$40m before eventually making a new ATH big corrections donβt automatically invalidate the thesis - sometimes the market simply needs time to reset expectations, redistribute supply and rebuild β³ I believe BASECAT will make a new ATH too the question is whether youβll still be around when it does & patience is part of the position π±π΅
watching one of the biggest $BASECAT holders cut part of his position right as the chart was trying to recover obviously wasnβt pretty and the second order effect probably hurt even more - people who were borrowing their conviction from him saw the sells and followed π€·ββοΈ but strangely this makes me even more bullish - borrowed conviction is fragile π― If someone else selling is enough to make you abandon your thesis - it was never really your thesis to begin with π«΅πΌ a lot of that supply just got flushed - what remains is a cleaner holder base, lower expectations, less leverage on someone elseβs decisions and a market that now has to find its own conviction π maybe $15β25m is where that process finally exhausts itself maybe thatβs where the real bottom gets built still here still bullish $BASECAT to billions π±π΅
the signs will be obvious in hindsight https://x.com/wowdrama/status/2098141119607361699
healthy distribution is necessary if $BASECAT wants to go much higher: early holders take profits -> new holders step in -> supply changes hands -> the chart resets & thereβs no way around it π€·ββοΈ the only question you really need to ask yourself is: after everything weβve seen from Base around $BASECAT does this feel like a comfy hold? to me a comfy hold is something you can buy without feeling the need to stare at the chart every 5 minutes and BASECAT feels exactly like that π― ..too many signals to ignore - now let the distribution happen π± π΅
It's simple: if you're not willing to rub for 1B - you're better off selling now π€π½ the market maker will constantly squeeze out those whose conviction is based on borrowed confidence
wasn't basecat the fastest meme listing on Coinbase in history? (14 years just to be clear) now let's imagine: what if it becomes the first meme in 2026 to reach a billion in the shortest amount of time? higher β πππ
DRAMAβ€οΈ
@wowdrama
Zalupa Capital π "Until death, all defeat is psychological"
- Trades
- 272
- Swaps
- 664
- Volume
- $275.9K
- Avg hold
- 23h
- Total PnL
- +$10K
Top closed
Updated 8h ago218 closed Β· top 5 by realized PnL
- Basecat closed Aug 22 Β· in $5K +$10.6K+213%
- $PRINTER closed Aug 16 Β· in $1.4K +$2.2K+155%
- Touch Grass closed Sep 7 Β· in $2.7K +$651+24%
- Manyways Inference closed Sep 9 Β· in $357 +$373+104%
- $BLUE closed Sep 16 Β· in $610 +$357+58%
Active holdings
Updated 2h ago$24.4K total Β· 26 tokens
-
Basecat #1Value $17K 1M BasecatProfit -$9.4K-29%
-
GROK #2Value $6K 10M GROKProfit +$2.8K+87%
-
Fartcat #3Value $711 10.1M FARTCATProfit +$449+172%
-
RobinVault #4Value $350 1M ROBINVAULTProfit $0-0.1%
-
Gasoline Inu #5Value $275 300.7K GASOLINUProfit -$114-29%
Value at the latest price. PnL is realized + unrealized on the current position, and % is of the amount invested in it. "β" means fomo has no entry price, so PnL can't be worked out.
On fomofeed
- Theses
- 52
- Replies
- 0
- Tokens
- 2
- Avg position
- $17.1K
- Median PnL at post
- -41%
- Last thesis
- 10h ago
Chains
- 51
- 1
Fades on their calls
all βNo fades on their calls yet.

