Thread
Details
- Posted upstream
- 2026-09-11 01:12:34 UTC
- First seen
- 2026-09-16 19:11:42 UTC via trade comments
- Chain
- Base (8453)
- Token address
- 0xb2000000000000000000004c27f6523082f41d01
- Author's older theses
- 59
Other theses on this trade
trust the process 🐱🔵 https://x.com/wowdrama/status/2100570436870246561
trust the process 🐱🔵 https://x.com/wowdrama/status/2100291163273965732
been studying the $BASECAT chart for hours 👇🏼👇🏼👇🏼 https://x.com/wowdrama/status/2100071437297946682
work your bag and trust the process do like/repost everything with $BASECAT cashtag on X
don’t let price action build or destroy your thesis for you - build your own thesis first 🎯 otherwise every red candle becomes a reason to leave and every green candle becomes a reason to chase 🔽 https://x.com/wowdrama/status/2098798424451657910
$BASECAT is trading at basically the same price it was 2 weeks ago 🛜 the only difference? It went to ~$80m in between and somehow that makes the same price feel completely different today that’s markets 🤷♂️ $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 don’t automatically invalidate the thesis - sometimes the market simply needs time to reset expectations, redistribute supply and rebuild ⏳ I believe BASECAT will make a new ATH too the question is whether you’ll still be around when it does & patience is part of the position 🐱🔵
watching one of the biggest $BASECAT holders cut part of his position right as the chart was trying to recover obviously wasn’t pretty and the second order effect probably hurt even more - people who were borrowing their conviction from him saw the sells and followed 🤷♂️ but strangely this makes me even more bullish - borrowed conviction is fragile 🎯 If someone else selling is enough to make you abandon your thesis - it was never really your thesis to begin with 🫵🏼 a lot of that supply just got flushed - what remains is a cleaner holder base, lower expectations, less leverage on someone else’s decisions and a market that now has to find its own conviction 🛜 maybe $15–25m is where that process finally exhausts itself maybe that’s where the real bottom gets built still here still bullish $BASECAT to billions 🐱🔵
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 & there’s no way around it 🤷♂️ the only question you really need to ask yourself is: after everything we’ve 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 🎯 ..too many signals to ignore - now let the distribution happen 🐱 🔵