FUD priceFUD

Resounding NO's in the replies for the prior chart tweet. Great to see some OG's remember this $BONK chart at its ATH lows in Oct '23 While people were attacking Pengu, others and $BONK that it was a scam, contributors kept working, ignoring the FUD, community kept growing and laid the foundation for what was to come. 2023 largest % gainer on coingecko and today's largest community, memecoin and launchpad on Solana. So Pengu why are you sharing this history lesson? 1) It's easy to assign everything as a scam or rug because of price down but there are teams and communities continuing to grind. There is a BIG difference for those who give up and those who grind. 2) Community projects should keep grinding and ignore price and FUD. Often price is a trailing indicator to value. Resilience is key and the unwavering commitment to working for the project's community. 3) When the tourists leave and the ones left are those with real conviction, many times is the exact moment projects may take off. This was true for $BONK, #USELESS did the same from recently after 90% drawdown and capitulation, then moved ~12,000% and biggest winner in 2025. This is the lifecycle of Memes like @theunipcs pointed out in past post as well 4) Have thick skin like Pengu. People in the cheap seats don't matter. Don't let people who aren't helping you affect you. Don't listen to haters, listen to your real community, adapt and work hard. $BONK was born in the depth of bear market to help the Solana community. Many may not have been here for it but its an important part of the history and DNA and culture of $BONK While haters raged on timeline, $BONK led by @TheOnlyNom and many others continued to work and bet on community all through the months of the grueling bear with no improvements of price to show for it. The focus was on community, not price. This is how $BONK ended up where it is today with a community FIRST mindset This message isn't for the haters or FUDsters. This is a message for the $BONK ECO community projects that continues to show up daily and represent. Keep your head up, keep grinding and with a little luck, believe good things can happen. Pengu has confidence there will be few multi billy winners and several 9 figure runners coming from @bonk_fun . It won't happen overnight and it's not supposed to. That's the point of the process. The strong ones who overcome the adversity of the ups and downs and keep going are the ones that will reach those levels. Pengu may have personal experience with this and here to Win and Help Win It's $BONK ECO SZN and we're just getting started Pengu out

RT @imperooterxbt: Useless down almost 50% since Bonkguy begged me to fud it. Scooter fud motion at all time high. 400m-220m bag holders in…

今天跟群友交流时候，突然想起来。 @pendle 今年 那些YT 被反撸的结果都怎么样了？ 我先来，corn YT 目前亏100%，0空投 兰博这种yt 干了半年，满手积分 还有个最近的项目YT 2000u的yt，给了200u 空投 所以YT还有必要吗？ 此贴开放性回答，没有FUD意思

Insane toxicity that KOLs will spew when being paid Will go to battle and fight for community mindshare. Competition is healthy Since nothing has worked for marketshare, desperation in coordinated FUD is getting absolutely disgusting Motivated more now for $BONK ECO to Win

some weekend thoughts about MSTR, bitcoin treasury companies, and bitcoin outlook from here people asked me if i’m still bullish after this last couple of days the answer is “yes, but” big picture i think most of the “macro” events from last couple of days are BS: tariff panic should reverse faster than last time, nuclear war fud is tabloid-grade and i’m shocked anyone takes it seriously at all, jobs numbers fiasco only increase likelihood of rate cuts. i’m not worried about any of it maybe some volatility but stonks probably recover quickly, alongside bitcoin. but… some other events have shaken my faith in the relentless infinite institutional bid on bitcoin in the immediate term: 1. saylor announced no more MSTR sales ATM below 2.5x mnav. funnily enough for most of my audience this last sentence probably reads like chinese but explaining it is long so i hope interested readers can decipher what this means with grok. importantly MSTR is currently trading around 1.75x. 2.5x is very far away. i didn’t look at precise numbers but in recent month probably like 90%+ of capital raised by saylor was via MSTR ATM so if that stops entirely that means a very material slowdown in his BTC acquisition capacity. to me this means saylor feels MSTR demand can’t support more ATM sales. that’s not bullish imo on the optimistic side, as i’ve said many times, saylor is a “forced buyer” of bitcoin, which means he HAS TO keep coming up with ways to buy bitcoin. so if MSTR ATM is now a no-go, he will do everything in his power to find another way to do it. and he is! STRC is the newest financial instrument that Strategy is offering and had a promising start. it’s possible STRC ATMs will eventually be able to give saylor all the firepower he needs but imo that might take a little time what to look for: once STRC starts trading at $100 (last close was $94), expect to see saylor issuing more STRC and buying more bitcoin with the proceeds (ie infinite bid on btc is back). the only thing i’m unsure about is how long it’ll take before the market is ready for more STRC issuance. we’ll find out! 2. other bitcoin treasury companies besides MSTR: the new crop of treasury co’s had a few months of trading in la-la land because most shares issued to new private investors haven’t been unlocked yet. the unlocks are now upon us. the first of these to have the unlocks is $SQNS and it performed pretty poorly. share price is now lower than what private investors paid in the latest round, and in fact even lower than what it was before the company announced a bitcoin strategy. it is also trading below 1x mnav which limits the company’s ability to raise new capital for now. basically anyone who didn’t sell on the early announcement hyper is now underwater and the company might have some heavy lifting to do to climb out of that. it could be that this one is a singular fluke, but the reality is that many of the other recently announced treasury companies have somewhat similar capital structure (definitely not identical tho) and they’re likely to play out similarly once they go through their own unlocks. these unlocks should start happening over the next 4 weeks. what to look for: if the new treasury companies perform as poorly as $SQNS on unlock, interest from private investors for more of these deals could cool down. but if shares still trade at a heavy premium after unlocks that probably leads to more companies like this popping up and more buy pressure on bitcoin. 3. altcoin treasury companies: the market is way too over-bullish on those still. they have the same problem described above but they don’t even have the benefit of saylor being the ultimate forced buyer of last resort. lower. 4. i still think bitcoin will exceed all expectations this year! but there are some question marks about the immediate term. i think STRC performance will be the best indicator for that so keep an eye on that 🧙‍♂️