fade we can't all be bullish, right?

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Thesis is the same and seeing how crazy Solana is going, this could be the main running launchpad revenue wise.

Posted
2026-09-19 00:32 UTC
First seen
1h ago via trade comments
Chain
Solana

Other theses on this trade

Consistency with this launchpad will make it do wonders. Reckon 50M +. I was a huge Ember holder and I see more potential in PerpsPad. Especially in a bull run.

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If you wanna share perpspad around, check out my first thesis. You can use it 🫡

perpspad$26.1K+8.6%

Unipcs smash is first candle, then his thesis is a 2nd. That mans motions is crazy.

perpspad$24.6K+2.4%

My thesis on PERPSPAD and why I bought in : STONK proves the market is willing to value a "meme plus trading" asset up to roughly $168M in market cap, which sets a real ceiling for what a token that durably captures attention on Solana can reach. Ember shows you can generate massive traction fast, 2,782 coins and $63M in volume in just 8 days, but its engine runs on fee redistribution and a gamified lottery, meaning it's pure narrative and community engagement with nothing that keeps generating value once the volume cools off. PerpsPad has a genuine structural edge here: every coin is backed by a real, on-chain verifiable leveraged position, so the engine can keep producing buybacks and burns even after the hype fades, as long as the perp stays profitable, which is a far more defensible model over time than a lottery. At only $5.6-5.8M market cap for $PERPSPAD versus $13.9M for EMBER and $168M for STONK, PerpsPad has mechanically much more room to re-rate if its mechanism proves resilient through a full market cycle. The bullish bet is that the market eventually pays a premium to the platform with the real economic engine behind every coin, rather than the one that just has the most viral narrative right now.

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