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⌐◪-◪ → CryptoPunk #2306 just sold for 320 ETH ($1.1M), a multi-year low for the “zombie” attribute in terms of ETH. For context, there are 10,000 CryptoPunks and only 88 Zombies. This sale comes in at -43% the average of the last 5 sales:

• 600 ETH, 11/6/23

• 400 ETH, 10/14/23

• 420 ETH, 9/17/23

• 550 ETH, 7/15/23

• 857 ETH, 2/6/23

The seller originally purchased the Zombie for 461 ETH ($947k) nearly 3 years ago, which means this sale resulted in a 141 ETH loss and $150k profit.

I hate to sell shame, but I’d be super upset if I lost 1) the zombie, 2) 141 ETH, and 3) had a taxable $150k gain. Yikes.

The real question is, who is the buyer?

A small part of me thinks they might have been lurking around punk events in NFT NYC and fell in love with the community — but realistically — they are just a smart buyer buying blood.

Check out the full CryptoPunks collection at CryptoPunks.eth (our sponsor) It’s always fun to shop around.

⌐◪-◪ → The hidden winner of the memecoin craze is without a doubt the memecoin launcher Pump, which just broke $2M in weekly revenue and $5M in total revenue.

The platform lets anyone launch a memecoin for under $2 in one click without having to worry about seeding liquidity.

On the buyer/investor side, all coins are “fair launch” meaning there is no presale or team allocation — just how Satoshi dropped Bitcoin in 2009.

They are essentially doing what Manifold and Zora did for NFT, but for memecoins — and the idea is feeling incredibly obvious in hindsight.

Looks like the classic pick-and-shovel play wins again.

Also: Pomp just called memecoins the new lottery ticket on the news.

⌐◪-◪ → Uniswap, the most popular DEX in terms of trading volume, just surpassed $2T in trading volume since being founded in 2018.

To put the massive scale of Uniswap in context:

• Uniswap’s $2M trading volume is larger than Australia, Brazil, and South Korea’s GDP

• Uniswap’s liquidity for ETH/BTC is 3x deeper than Binance and an impressive 4.5x deeper than Coinbase.

• Uniswap led weekly DEX volumes at $21.6B last week, with PancakeSwap (Uniswap fork) 2nd at $9.6B

For a deep dive into DEX metrics, check out this dune dashboard from the founder of Dune analytics himself!

Congrats to the entire Uniswap Labs team, and my new friend Lindsay Lamont (Head of Marketing). Go give her a follow!

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