The #1 trading lesson that I learned across this past cycle is If you see a fundamentally sound project that dumped 30%+ in a day without FUD nor drastic change to the fundamentals, you start buying/DCA'ing into the dip Best R/R strategy around (assuming you pick the right winner lol) Credit to @CoinGurruu for the strat

agents capital markets tokenization of X conversational agent tokenization of data tokenization of ai applications tokenization of ai models tokenization of ai startups tokenization of intelligence co-ownership of ̶a̶r̶t̶i̶f̶i̶c̶i̶a̶l̶ intelligence

attention capital markets Kaito v. Cookie Top-tier Launches v. Top-tier Launches Yappers v. Snappers $KAITO v. $COOKIE = yappers, snappers, stakers put money where their mouth is ̶n̶o̶i̶s̶e̶ signal

Top teams I'm currently monitoring (not all inclusive) Prediction-based Agents - @aion5100 - @AskBillyBets - @thedkingdao DeFAI - Trading & Yield Optimizing - @gizatechxyz - @Almanak__ (no token yet) - @Cod3xOrg - @FlagshipFYI (no token yet) - @Infinit_Labs (no token yet) - @autonolas StableAI - @theMAITRIXai (no token yet) - @USDai_Official (no token yet) - @gaib_ai (no token yet) Darwinian AI - @opentensor (Bittensor) - @BitRobotNetwork (no token yet) - @AlloraNetwork (no token yet) Bittensor Subnets - SN3 Templar - SN6 Infinite Games - SN10 Sturdy - SN14 Taohash - SN17 404-Gen - SN18 Zeus - SN41 Sportstensor - SN44 Score - SN50 Synth - SN56 Gradients - SN64 Chutes - SN65 TPN Distributed Training - @NousResearch (no token yet) - @PluralisHQ (no token yet) - @gensynai (no token yet) - @PrimeIntellect (no token yet) Distribution Network - @virtuals_io - @CreatorBid Business Process Automation - @TheoriqAI (no token yet) - @openservai - @Gaianet_AI (no token yet) Robotics - @NRNAgents - @codecopenflow - @SamIsMoving / @frodobots - @PrismaXai (no token yet) Application-focused AI - @flock_io Consumer AI / SUI #1 AI Ecosystem - @TalusNetwork (no token yet) Alpha Discovery - @elfa_ai (no token yet) - @GigabrainGG - @HeyAnonai InfoFi - @KaitoAI - @cookiedotfun - @bubblemaps 3D AI Companion - @HoloworldAI - @youmio_ai Data - @grass - @vana Compute - @comput3ai Others - @Nevermined_io (no token yet) - @Mira_Network (no token yet) - @ReiNetwork0x - @CryptoEternalAI - @loomlayai - @Shogun__base - @michaeltaolor - @stratos_vip Disclaimer: I've only invested in a few of these teams (not most of them). Some may be too early, some are pivoting or finding their niche, most are grinding to find initial PMF. Make sure to DYOR. This is NFA.

So... I've been sharing this exclusively on my newsletter for 3-4 weeks already BUT I guess now is the best time to drop it here @michaeltaolor is likely one of the best R/R play right now on @CreatorBid This is akin to investing in Vader for Virtuals that's focused on - Bittensor & CreatorBid alpha/trading analytics — Coldkey swap, ownership changes, subnet catalysts, sentiment shift for subnets & CB agents. This is plugged into Rayon Labs' Squad (#1 Subnet Team on Bittensor) - Heavy-lifting incubator/accelerator — Taolor works closely with incubated projects from strategy, ideation, design, media content, GTM, and more. In exchange for the incubation, $TAOLOR stakers receive % of the incubated projects supply as an airdrop. - Taolor team is a key part of TAO Council on CB — handling partnerships/relationships with Bittensor Subnets. Team heavily plugged in so there's a very high chance they can incubate interesting subnet-powered agents going forward. Rizzy is the first agent that they've incubated, they'll announce % airdrop to $TAOLOR stakers soon. I'm much more excited about their 2nd incubated agent, powered by a prediction-based subnet predicting █████████ prices (can't share much right now, better wait for official announcement lol) As always, NFA / DYOR. The performance of Taolor is heavily tied to CB's success so if CB fail to take off, Taolor also won't take off. However, the relatively low MC ahead of the upcoming v2 agent launches make Taolor a pretty good R/R here.

2020-21 — Emission-based Yields 2022-24 — Real Yields (RWA, Spot, Perp Yields) 2024-25 — Delta-Neutral & Basis Trading Yields 2025+ — Predictions & AI-enabled Yields

The AI alts dynamic this time is a lot more brutal than before - $VIRTUAL acts as a good ETH beta BUT the eco got too many agents that still don't have a product & the ones that do are mostly sub-par + ACP doesn't work well enough yet to attract recurring users, most agents struggle. - Virgen points are worth so much lesser now since most launches have typical/common (not unique) products and are small teams w/ only a roadmap. - $TAO recovered its PA quite well during the last week. Most alpha tokens still struggle to shake Root & stakeholders sell pressure. - $BID PA slowed down because of delay in the first v2 agent launch — hype has been gradually decaying BUT the team has just announced the first agent launch as @rizzy_agent real-time research agent powered by SN22 - High likelihood Rizzy pump due to how BID penalty system works (heavily reduced BID levels if jeet which translates to lower allo for the next launches). I initially thought Trade Compass / Macau would be the first but they're pushing it for later to get the commercial viability/marketing side beefed up first. - Bittensor agents remain the best asymmetric upside bet due to clear & simple tokenomics + positioning as application layer for Bittensor subnets, good gap for CreatorBid to fill in and fill in fast. - Massive recovery for $BILLY ahead of its key catalysts (congrats to After Hour reader if you got in lol) - $REI pa has been outperforming the rest of the market as team constantly push new updates to Core, Units, and Agent2Agent communication. - $CODEC +140% the last 2 weeks off the back of robotics narrative + support by KOLs - $FLOCK on track for price recovery as the team recently won the award for cracking AI in healthcare through federated learning The bottom line here is that the only projects are experiencing the pump this time around are (i) project with product to show for it (ii) project that nail the distribution (iii) project that pump their own token As we go through the wave of pump & dump, the number of projects experiencing the pump get significantly lower Less spray-and-pray, More precision

Just published my most in-depth write-up yet on where Web3 AI is headed next. In this article, I cover - The 4 thesis that I believe will define H2/2025 - Trends no one is watching (yet) - Ecosystem leaders nearing PMF - Challenges that'll separate hype vs builders - My personal short list of tokens worth tracking (Substack-exclusive) This is how I think about the rest of the year. (Link in bio)

̶i̶n̶t̶e̶r̶n̶e̶t̶ ̶c̶a̶p̶i̶t̶a̶l̶ ̶m̶a̶r̶k̶e̶t̶s̶ attention capital markets agent capital markets

Feels a lot more productive after switching to Substack feed X feed is a ghost town with FUD, drama, and yap farming Substack feed is literally pure insights—similar vibes to my X feed before all the AI slopbots and yap farming was a thing BUT 10x better (Not enough Web3 AI content there yet though)