SCOOP’S TL;DR

🔥 BARBELL’S WEEKLY PICK

• Holder scan + token picks

🔥 THE TRENDING NARRATIVE

• Politifi

🗞️ TOP STORIES

• Mastercard Crypto Credential

• Azalea Launches Token

• Trump x Elon

🏆 WEEKLY WINNER

• Babylon

😡 REKT SECTION

• Ryan Salame

💎 PREMIUM

• SMART MONEY BREAKDOWN

• TIPS TO MAKE $$$ TRADING MEMES

• UNDER THE RADER PROJECT THAT COULD POP IN JUNE

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  🔮 NARRATIVES TO FOCUS ON IN 2024

• - Memes - (you’re not too good for them)

• - AI Infrastructure / Autonomous agents

• - GPU / Cloud Computing

• - Gaming / Game-fi

• - DEPIN (Decentralised Infrastructure)

• - RWA - Real-World Asset tokens

• - BTC Defi / BRC20

• - Parallelization EVM / Modular Blockchains

• - Solana Killers

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🔥 THE TRENDING NARRATIVE

POLITIFI AWAKENS AS TRUMP IS FOUND GUILTY

Just Yesterday:

• Trump found guilty in hush money trial, first ex-president convicted.

• Trump claims innocence, calls trial rigged and disgraceful.

• Judge Merchan was labelled "conflicted" by Trump.

• Trump points to the election as a "real verdict."

• Potential jail time, sentencing on July 11.

• Supporters and protesters clash outside the courthouse.

This Ignited a frenzy in the Memecoin Politif Space:

The Price Action: From Dips to Pumps

• $TRUMP on ETH and $TREMP on SOL both experienced sharp drop in value following the news, with $TRUMP falling by 30%.

• On the other hand, $BODEN on SOL saw a 22%+ increase in value during the same period.

  The Current Status: Trump Coins resurge

• Quickly following the news, sentiment switched and Trump coins rallied.

• $TREMP is trading at $1.15, a significant recovery from its initial drop, maintaining bullish momentum

• $BODEN after its brief surge, has returned to its pre-verdict price

• $TRUMP on ETH pushed back up from $9 to now $14.30, a few dollars shy of its all-time high.

• $MAGA, on the other hand, is still trying to recover from its initial drop and is currently down 24% over 24 hours. (Decent opportunity)

  The Crypto Community's Reaction: Memes and More

• The crypto community has reacted to the news with a mix of humor and skepticism.

• Some users have created new Trump-themed tokens, such as ‘FREE TRUMP’ and ‘NEVER SURRENDER’, in response to the verdict.

• Generally speaking though, if Trump can be a convicted felon and then trump tokens to maintain such positive price action, it clearly shows the demand & strength for Trump-based tokens regardless of negative news.

• This is an attention-driven market, and it goes to show in this case any publicity is good publicity. Trump in the spotlight in the fueling the fire.

  The Future of PolitiFi Meme Coins + Key dates!

• It's clear that these tokens are highly sensitive to political events, with their value fluctuating based on public sentiment and news events.

• Key dates below where we expect there to be positive price action for these tokens over the coming weeks and months:

• June 27, 2024, 9AM: The first debate between President Biden and the convicted Donald Trump is scheduled to take place. This event will likely be a focal point for media coverage, given the unprecedented nature of a sitting president debating a convicted felon.

• July 11, 2024, 10AM: The sentencing for Donald Trump, now a convicted felon, is scheduled to occur. This event will undoubtedly draw significant media attention, with the potential to impact the presidential race.

• July 15, 2024, 8AM: The Republican National Convention is set to kick off. This event will be closely watched by media outlets as the party officially nominates its candidate for the presidency.

• September 10: A second debate between the presidential candidates is scheduled. This debate will likely be a critical moment in the campaign, with both candidates having the opportunity to present their platforms and respond to each other's criticisms.

Despite recent price action being in favour of Trump-related tokens, Smart money remains more bullish on $BODEN, in comparison to $TREMP on Sol. Smart money traders hold 3X more $BODEN than they do $TREMP. However on the ETH side of things $TRUMP remains king for smart money traders.

🏋️ BARBELL’S WEEKLY PICK

In each issue, our Founder ‘Jack Barbell’ delivers a hot rising star crypto asset that is yet to explode.

You can Follow Jack Barbell on X - @thebarbell_

FREE TOOL PICK

HOLDER SCAN

Holderscan is a comprehensive on-chain analytics tool that provides users with detailed insights into token holder trends across various blockchains. The platform is designed to be user-friendly, allowing even those new to the crypto world to easily navigate and understand the data presented.

Without Data in crypto trading, you are literally blind. On top of volume, market sentiment & price action, there is another key metric in determining the health of a token.

Holders…

Price can decline for several reasons, market spooks, black swans & FUD etc, but holder count and holder trends can help predict the future direction of a token.

I recently came across Holder Scan, it is a super useful platform that allows me to:

• Easily assess the holder count, growth or decline of my favourite tokens. 

  • Price may be down, but if holders are growing & the community is growing, it is a telling sign that your tokens are likely going through a redistribution phase, gearing up for a strong recovery.

• Discover how healthy your holder distribution is at the click of a button

• View centralized exchange holdings for Solana tokens

  • Let’s say a project you are in or interested in is mooning, on top of that holders are increasing. You are ready to APE, But you then realise that the top holder is a whale who owns 40% of the supply, and is capable of dumping that chart at any point. Holder Scan easily allows you to see this.

• Easily identify holder trends showing the fastest growing or declining holder across different time frames

  • This function is super helpful in spotting gem tokens that are on the rise or can save you from being left holding the bag in a token that’s on the way out.

Holder Scan is a game changer, I use this tool every day. On top of delivering data-driven insights, what I love most about it is how easy it is to use, it’s super intuitive, has a clean feel and is suitable for anyone to pick up.

DISCOUNT PICKS - EASY RETURNS

A lot of solid Alts are on a major discount at the moment following the recent ALT market sell-off but this means they can return 3-5X’s just by reaching their previous ATH. Remember we are in a bull market, so if you can, take advantage of major dips.

Here are some tokens I have been eyeing up

$DOGE - $0.16- 4.2X to ATH (Still a great pick)

Sooner or later the $Doge will woof. Given its market cap and size it is a relatively safe bet in this bullish environment.

$WIF -$3.45- Leading meme on SOL $3.45 - has been consolidating for 45 days now. Break out will be hard & fast once it goes

$POPCAT $0.43c - Gearing up for its next leg up

$MICHI - $0.22c - Now very sold off / Smart Money favourite / Holder count growing fast.

$BODEN - $0.28c - Heavily solid off - Strong community & Holder count /Lots of Media / attention catalysts ahead

$TREMP - $1.15 - Strong price action - Lots of Media / attention catalysts ahead

Mastercard Crypto Credential - Mass Adoption Gets Closer

At a glance 🔎

• Mastercard has launched a peer-to-peer network.

• The network will allow digital assets to be sent and received across borders.

• It will cover crypto users in Europe and Latin America.

• It is currently in pilot mode but will support transactions on Bit2Me, Lirium and Mercado Bitcoin Exchanges.

🕵️ Scoops take: 

Mass adoption just took one step closer.

Mastercard has 2.7bn cards active worldwide and we know all of these will not convert to Crypto but it is incredibly bullish they are putting so much effort into pushing the digital agenda.

What we love most about this network is the verification standards that need to be met and confirmation that the recipient wallet supports the transferred asset.

Bring on the safer world.

Azalea Launches Token - Celebrity Meta

At a glance 🔎

• Iggy Azalea is the latest Celebrity to drop a new coin.

• She said that she wants a coin “that is actually part of pop culture”

• The issue is that the coin has been faced with insider trading accusations from the get go.

• Around 20% of the $MOTHER supply was purchased by insiders directly from the launch team and over $2m had been sold by the time the post was made.

• The coin is currently sitting at a market cap of $6m with volume at $22.5m

🕵️ Scoops take: 

We don’t want to warn you again but the majority of things celebrities touch, turns to sh*t.

That being said, if you time the executions right, there is money to be made.

However, as each new celeb coin launches, controversy closely follows so our advice is to only trade these coins with whatever you can afford to lose.

Assume the worst.

Trump x Elon - Speculation Frenzy

At a glance 🔎

• Bloomberg reported that Elon Musk is advising Donald Trump on crypto policies.

• Unfortunately, Musk has since denied discussing crypto with Trump but has said he is in favor of things that shift power from government to the people.

• Musk has left the door open for an advisory position should Trump be elected.

🕵️Scoop’s take:

Despite Musk denying the discussions took place, do not underestimate the power of this potential relationship…it could shape the whole future.

Both men are in massively influential positions and hold the power to change public perceptions towards Crypto.

Investor sentiment could be shifted and favourable regulations could follow which will only boost mass adoption.

Trump currently finds himself in a spot of bother after his guilty verdict on the 30th of May.

In typical Degen style, his $TRUMP token dropped from $14.68 down to $10.85 and up again to $14.91 in the space of 1 hour.

Every story will have a price impact on the political coins.

🏆 WEEKLY WINNER🏆

Babylon

The Bitcoin staking project has announced it has raised $70m in funding.

They plan to build staking on the Bitcoin blockchain, allowing proof-of-stake chains to acquire funding from the reserves stored in Bitcoin.

This latest funding round follows the December one, which raised $18m.

😡 THE REKT SECTION 😡

Ryan Salame

The former deputy of SBF has been jailed.

He was a top executive at FTX and following his guilty plea last year to offences linked with the exchange, he has been sentenced to 7 ½ years in prison, plus 3 years of supervised release.

Can’t say that we are too upset at this news.

Feast your eyes on the delights, surprises & Alpha below.

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