As September, historically the weakest month for BTC, looks set to close green, the question on everyone’s mind is what now?
Although volumes have cooled across the board compared to a few weeks ago, traders still managed to post massive gains. Read on to find out last week’s biggest wins.
In the fomo-verse, the latest product update was the longest yet, with the next one slated to be “insane if you are a web trader.”
Trading is a never-ending learning process. You trade, fail, adapt, trade more, and eventually find your edge. But that can take a considerable amount of time.
The in the trenches podcast offers a way to speed-run this process by learning from the best in the game.
In the latest episode, the host Jason sits down with @cryptoklotz to break down the counterintuitive discipline behind his biggest wins.
They discuss why his highest-conviction trades come from buying pure dread and boredom rather than momentum, the "don't f*** this up" mantra that saved him from round-tripping a fortune during the tariff meltdown, among other useful insights.
Last week, the chipmaker AMD entered the trillion-dollar club as its share price surpassed $600, pushed over the line by a 10% AI chip price hike and a 50% YoY revenue growth in Q2.
The revenue bump comes from AMD's Data Center segment, which surged by 107% to $6.7 billion, fueled by multi-gigawatt GPU commitments from OpenAI, Meta, and Anthropic.
For those wondering how perps differ from spot trading, we’ve put together a short explainer to get you up to speed on the basics.
Disclaimer: Perpetuals ("Perps") are provided by third-party protocols and are not available to US Persons (citizens, residents, or anyone located in the US). Do not attempt to access perps from within the United States.
As September comes to an end, it's time to look at some of the biggest fumbles of the month.
Coming in at no.1, we have @Bayc364 with a nasty $1+ million fumble on ZCAT.
The runner-up fumble comes from @brianhong. At the current price, his PONS fumble sits at $617,000. However, at the peak of the coin’s market cap, it would have amounted to over $1 million. Ouch.
The bronze goes to @fifth_xbt with a $438,637 fumble on KNOTS. What made him sell it at just $8k market cap is a mystery, perhaps just an expensive misclick?
Chin up, soldiers, we live to fight another day.
To view other fumbles, open a closed position for any trader, click the share button, then swipe left to reveal their fumble card.
Have you checked your biggest fumbles?
Trade of the week goes to @macdegods on Super Inu. With an average entry at $2.5 million in market cap, his $63,400 investment is currently up by more than 6x.
The second spot belongs to @ExactTallTakin with a juicy +669% return on his $40,000 investment in Super Inu.
At the third spot, we have @frankdegods with his PAID trade. Unlike the other two trades, however, this position has been closed entirely, netting him +$228,017 in profits after a 2x move.
Naturally, the top trade ranks will flip around as the week progresses. If you wish to stay on track, download fomo and keep your eyes peeled 👀
PAID lets anyone launch a token tied to an X handle, with trading fees going to that account.
On Saturday it shot up from a market cap of $12 million to $50 million, a solid 4x gain in a single day.
Built by Tomas Krnak, a cryptographer who has previously received Zcash Foundation grants, NULLMASK is a privacy protocol that functions as middleware between a blockchain and your wallet, shielding and unshielding transactions.
Even though the product is not yet live to the public, the reputation of the founder was enough to send the coin from $50,000 in market cap to $32 million, achieving a 640x move in just three days.
Keep track of the majors in the “most held” section directly inside the fomo app.
Sender is a new launchpad on Ethereum that differs from the status-quo bonding curve used by most other launchpads. Here, when a creator deploys a token, the same transaction opens it as a Uniswap v4 market with liquidity permanently locked.
After lying dormant at around $500,000 market cap for a week, on Thursday it suddenly shot up by 3,500% in a single day.
The coin was launched on PAID, with creator fees going to Beff Jezos, the main character behind the e/acc movement.
Immediately after launch, the coin rose to a market cap of almost $30 million, only to sell off by nearly 90% all in the span of two days.
As always, the top trending picks will rotate, so make sure you keep monitoring the fomo trending coins tab!
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Until next week!
