BNB has reached a new high, which is basically in line with the logic here. It's just that the other target is Sol instead of Xrp, which is quite magical, as far as I know, the first investors of UPXI are not locked, and there are not a few who choose to ship.
I saw the Galaxy/Pantara article today, which seems to me to be an indicator of short-term sentiment highs. In fact, if you look closely at the S-1 file, Galaxy doesn't make as much as you imagined, and Pantara and the position are not as big as you think. The bubbles here are not small.
Where are the next opportunities? I think it is the currency stockification of small coins and even memes, and there are not a few projects/banks that want to do this at present. This is a relatively fair game, after all, you can see from the file who is the real Builder and who is here to cut a hand.
Personally, I think Pipe's focus is on XRP and BNB, which are two of the biggest benefits from the perspective of the traditional world, which are that compliance issues have been resolved this year, and there is also a relatively clear business/narrative as support. XRP has recently seen a number of hedge funds buying, and it has always been the favorite coin of the middle class outside the circle. BNB should currently be a relatively large target for pipe fundraising after ETH, and as far as I know, there should be three successful fundraising projects, and several are on the way.
Pipe projects can bring not much actual buying, mainly emotional buying. The most suitable buying point is when Pipe launches the first wave, the emotions rise together, and the emotions give rise to a number of Hedge funds, so you don't have to worry about the emotional damage caused by ATM selling stocks at low prices to raise funds. From this perspective, the marginal effect of ETH Pipe's fundraising is decreasing, and judging the next launched pipe target is more speculative.
Sunday is the time to bet, buy and leave the hand and wait for the prize next week~
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