GM friends,
Weeks like this are the perfect time to make moves and set yourself up for those sweet gains down the road.
Let’s dive into my portfolio moves this week along with some altcoin and NFT alpha.
Let’s go!
Here’s what’s in today’s issue:
- My portfolio updates.
- Jesse has a deep dive on PaLM AI.
- Sam has the top 3 NFT drops.
For any crypto related questions please comment on the website.
Buys and Sells
I am unstaking about 20% of my Injective, shock move perhaps, but I am going to wind down some of this position and move the money into BASE. It is a 21 day unbonding period. So will be a few weeks before I get to fully execute this plan.
I bought a bunch of AERO this week to round out my base exposure, HOWEVER, I am not holding it. I put it into the AERO/USDC liquidity pool. The rewards are insane right now.
I will deposit more here soon I think, I just don’t want to ramp it up too hard too fast. I will probably get hit hard with impermanent loss, but if rewards can stay high enough then it could be a very profitable pool.
The strategy for a while anyway is going to be to compound the rewards back into the pool, aiming to claim once a week or so and then roll those back into the pool. Assuming rewards stay at the insane levels then I will be able to grow the LP position by 5% per week.
I invested in the Foxy private round. This all came together pretty last minute, although it had been earmarked for some time, which is why the announcement did not make it before the public sale. Anyway, I have received my first coins from Foxy, and I am currently holding them.
Airdrops
After seeing this tweet from Scroll the other day, I decided this is probably them signaling that the official bridge might count towards the airdrop. So I did a few more transactions, just in case.
I put a few more Solana into Meteora, a liquidity protocol on Solana that is tokenless, and is made by the same people behind Jupiter. Feels like a potential airdrop here.
I have taken my money out of Kiloex, farmed enough points, and with the airdrop being a vested drop… yeah, I feel like I have enough of this one.
I am also removing my money from Parcl. I have farmed more than enough points, time to deploy that capital somewhere else.
I have removed all liquidity from Starknet and Polygon zkEVM farms. Time to clean and concentrate liquidity.
I am unstaking my Pyth, and I will sell it as soon as the unstake period finishes. So far the airdrops have been small, and I just don’t need yet another coin floating around somewhere in the ether. Time to sell this one.
I will also probably unstake and sell my TIA when the Milkyway airdrop happens. Just too many moving pieces for sanity, plus there have been no good airdrops for a while now for TIA stakers.
I decided to try Farmbase with a small amount of ETH as an experiment to test the platform. The idea is that it moves money around for you on autopilot to create on chain footprint and farm BASE airdrops.
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PaLM AI – Telegram AI Cryptobot
With the potential for anyone who issues the first AI Memecoin to be the next Billionaire, in this landscape, slapping an AI sticker on your crypto project is as simple as calling yourself…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
