CHESUS🧀's X Spaces Podcasts

Reality Check: $STONKBROKER Launch Pad / $UP / $YARD

### Overall Summary The conversation covers the current crypto market state, highlighting a slight dip in major coins but a notable surge in on-chain activity and ecosystem plays. The speakers discuss Robinhood's impressive revenue as a new L2, the FWA token's recovery, and express skepticism about a newly minted Cole NFT collection with suspicious holder distribution. ### Key Points - Major coins are slightly down (BTC ~$63K, ETH ~$1875, SOL ~$70.75), but on-chain activity is heating up, especially across Solana and the Stonkbroker ecosystem. - Robinhood (as an L2) topped July blockchain revenue with $3.6M, surpassing Polygon and Base, with TVL now over $600M. - FWA is back up to ~$34-36M market cap after the team committed to using 80% of buyback revenue for FWA, recovering from a dip to ~$6M. - FWA's early chart was not a scam pump but a marketing strategy to drive participation in their "Gotcha" game, where users earned FWA allocations. - A new NFT collection by Cole (44,444 NFTs at $17 each) minted out overnight, but the speaker finds it suspicious due to very low unique holder count (~4,086 holders) and the high average holdings (~10 NFTs per wallet). - Despite the skepticism, the project has seen ~382 ETH in secondary volume in under 12 hours, with traits like "Enhanced" selling for 0.8 ETH; the speaker adopts a "let him cook" attitude until proven otherwise. ### Conclusion Stay engaged with the recovering market, but approach hyped NFT mints and projects with caution, doing your own research before jumping in.