Solana Weekly: #22 - F IT WE DO IT LIVE

What’s up everyone! Welcome to Solana Weekly Episode 22. This is Thomas Bahamas and I want to thank you all for joining in on the fun. This has turned into one of my favorite parts of the week and I can’t wait to dive into what’s been going on in Solana. I’m testing out a new way of doin this where I go live on Twitter for a space. My team decided that I needed to create a Twitter profile (@solanaweeklypod) for the pod to separate from my terrible twitter posts. (There is no team.) I figured it would be a good time to test out how this amazing technology works and nobody follows that account yet so I’m hoping no one joins and messes up the flow. If they do, we adapt, overcome, improvise, and download the audio and release as normal. (Update: my Airpods spazzed out so I’m not releasing space.) But we have another great show for you guys, we’ve got the mint of the year coming up today with the Mad Lads, prices remain up, memecoin season came and might be ending, SMB IP is getting transferred and we go over how I fumbled the bag by trying out a raffle. * Solana Price Update: A review of the current price of Solana and its performance over the past week. Sitting at $23.37, down a total of 1.39% after breaking out of it’s range last week it just couldn’t get out of the resistance right below 26. I thought it was going to send, but the selling pressure has been to high around that level. I’ve also been reading that Wintermute has been absolutely dumping the hell out of Solana. They had something like a million Solana and have been offloading to recoup. Not ideal, how long will they continue this? We’ll see. Narrative is there, we will overcome. We saw a massive dip last night, hope it stops. * Solana vs. Ethereum: Down to .01178 with a 4.5% decrease on the week. This was looking really good, but Sol took a dive against the market. * Solana vs. Bitcoin: Sitting at .0007997 which is an decrease of 1.6%. I’m still super bullish on this chart. The White Wolf shared this chart on Twitter saying it’s the generational bottom. It’s not happening now, but this is a chart I’m keeping my eye on. * NFT Happenings: On to what the fun chain does best. Biggest news is Mad Lad’s is dropping today for whitelist and tomorrow for public. It’s going to be huge. Everyone in NFT’s, not just Solana NFT’s is pumped. It’s the best advertisement for the Backpack wallet I could imagine, a hyped mint. We’ll see how it goes, but I’m minting two and freaking pumped. I think this is going to be a pivotal moment for Solana NFT’s with the release of xNFT’s to everyone. Executable NFT’s directly in the wallet. These are basically dApps that you can buy and trade and execute in a secure environment. So I’m pumped and I’m excited to see the expansion of NFT’s into more than just pfp’s. * An example of XNFT’s and the amazing utility of quacking is in the newly released xnft of Crypto Duck Punkz. If you download their xnft you can view all your ducks in it and make them quek! It’s hilarious, but I think it’s also a good demo of the product. Ducks are still doing great, meme’s are hopping, giveaways in discord, useless staking also.* SMB IP is in route to Monke DAO, not exactly sure when the release will be, but the deal has been done and I’m waiting on a Nom post to send my SMB to the moon. This is huge, I can’t imagine a better ending to this story and I’m very pleased that the owner is a top notch DAO rather than a borderline scammer. * The Heist minted yesterday and it was a banger, I skipped it, but the game is live as of today and it looks like people are having a blast playing it. * The Chads are minting tomorrow as well, I don’t know too much, they are funny on Twitter, I’m minting. * I also decided to test out a Famous Fox Raffle and dove right in. I wanted to sell a TFF and a Degen Ape above floor, I watched a bunch of other raffles on Famous Foxes go above floor so I said f it and went for it. TLDR, it didn’t go well. Both went just under floor and I would consider it a massive failure. I assumed there was risk ahead of time and figured that the move was +ev overall, but I felt like an idiot for bit. * Solana Phone purchases are live and I got one baby! Ship out on 4/20 and I’m pumped about it. They are doing a whole slough of rewards and bonuses. They sent out cards to everyone and if it made a good poker hand you got a discount, I got four of a kind and they took $50 off. We are also getting some $ on Magic Eden, and a free mint for a new collection of Claynosaurs. I think I’m going to come out ahead on this one, but I’m also just so pumped with the possibilities here. * Helium merge to Solana is also live as of today. Helium is running on Solana and I get one free month of service from Helium with my phone. So I have no idea how to use it, but I’m going to figure it out. But I’m bullish on other protocols doing their own research and finding what they need in Solana. * Bonk is performing super strong and I think it’s going to outperform Solana in the near future because of the organic ownership and fun it creates. We’re seeing Dogecoin pump again, and I can’t even get myself to buy any, there isn’t anything that it is better at than Bonk other than it has Elon’s heart and soul behind it. * Regulation news: we saw a hearing yesterday with Gary Gensler on the stand and legislators had time to question him. He sounded like an absolute idiot, dodging yes and no questions and did not really have anything of substance to say other than crypto is non compliant with the laws and banks failed because of it. He was chair when FTX went down and is using his press releases as a form of regulation. No clarity and the companies that are trying to be in compliance get no direction. What we did see is the Republican’s come together and rally against him. Legislation was introduced to remove him because of his incompetence and his pushing out of innovation out of the US. Again we see the right is rallying behind crypto and I’m having a hard time not seeing this trend continue. Bullish on the new Trump collection selling out another 45k pieces. * Closing Thoughts: I think we are in a pivotal moment in Solana history this week. We are getting the first crypto native phone that you can run on a crypto native 5g network, and we are seeing novel use cases for cryptocurrency based on the unique properties of Solana. I couldn’t be more bullish on the Solana narrative as I am right now and I hope that this energy continues. We are also seeing the crypto narratives in general being proved out in congress as we speak. We are seeing a shift in the right direction, or at the very least getting started. Let’s have a great rest of the week and thank you for joining in on the fun. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com