👀 3 coins I’m looking at

GM everyone. This is 2036.

Yesterday, the German government sold $951 million of BTC in one day 😬

They’ve got roughly $1.3 billion left.

But here’s the good news: despite the heavy selling pressure, Bitcoin was practically flat on the day.

Many altcoins are in the green. And the whole market is inching higher.

The German selling being nearly over is good news.

So, while we wait for the market to show serious strength again, we can already observe relative strength as pockets of the markets race higher.

I've talked about relative strength before.

We assign relative strength to assets that fall less and recover faster than others during specific periods.

These assets show us what the market wants to bet on next. They're worth considering if you’re looking to deploy or rotate capital.

So, where is the relative strength now?

I hate to say it— but most of it is still in the Solana ecosystem, though not where it used to be…

Here are three coins that are particularly standing out…

1/ $BONK 🐕

Bonk is the original memecoin of Solana.

It was overtaken by WIF in mindshare and price action earlier this year, but the tables have started turning.

Yesterday, BONK flipped WIF in market cap to become the #1 memecoin on Solana. When most coins were flat, BONK was up +22%.

Unlike WIF, BONK still faces selling pressure as its tokens unlock over time. But if BONK's strength continues from here, it’s going much higher.

2/ $BILLY 🐶ྀི

Billy is a $170 million market cap memecoin on Solana. For reference, that’s 1/10th of WIF ($1.7 billion).

And it’s one of the strongest memes I’ve seen in a while.

It’s only a few weeks old, but—

• it’s got a catchy name and a cute mascot

• strong holder growth and distribution

• has already gone through an 80% correction and still made new all-time highs

It’s up +72% in the last week alone and looks to be climbing higher.

… as its name suggests, it could go to multiple billys.

3/ $Retardio 🤡

Now we get into the fun stuff. If you thought memecoins were dumb— you’re going to feel vindicated.

Retardio is a small ($70M market cap) memecoin with one of the cleanest charts in all of crypto right now:

Beautiful, innit?

Retardio just broke out of its range against Solana.

It’s small enough that it doesn’t take much to push it substantially higher. And it’s gaining increasing mindshare among memecoin investors.

Retardio is a risky play (only for a very small percentage of a portfolio), but it could potentially be worth a bet when the market turns bullish again.

As I’ve said before, I don’t know exactly when that’ll be, but I know it’ll happen eventually.

While we wait, all we have to do is make sure we’re well-positioned for the rally.

In the bigger scheme of things, with…

• The NASDAQ making new all-time highs almost daily

• Mt. Gox and the German government about to be done selling

• ETH ETFs live any day now

• Rate cuts coming

• VanEck and 21shares filing for Solana ETFs

• Trump announcing he would end the crypto crackdown if elected

… it’s only a matter of time before crypto rips hard again.

1/ Bullish drivers remain in play despite Mt. Gox and German selling

2/ … so Bitcoin ETF traders are buying the dip

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.