work your bag and trust the process do like/repost everything with $BASECAT cashtag on X
Thread
Details
- Posted upstream
- 2026-09-15 15:22:19 UTC
- First seen
- 2026-09-16 19:11:42 UTC via trade comments
- Chain
- Base (8453)
- Token address
- 0xb2000000000000000000004c27f6523082f41d01
- Author's older theses
- 67
Other theses on this trade
trust the process π±π΅ https://x.com/wowdrama/status/2100570436870246561
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
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΅