Inject Solana Straight Into My Veins

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gm Happy Friday cousins 🍻

Today’s extensive newsletter covers:

📈 SOL flying
🎟️ Raffle details
🎙️ Drop by Cousin
🖋️ Write up by Zach Voell
📍 Crypto Update
💸 Forex Breakdown
😬 AI Girlfriends?
💰 DGOTW: $10 Mill BONK BAG

LFG!

SOL has gone to the friggin moon and this year is up almost 700%. At one point it held a market cap of $42 billion and this week it looks poised to break $100.

One of the craziest stats of the week is for the first time in history Solana surpassed Ethereum in DEX volume on a 7-day scale. According to Yahoo Finance: “DEX volume on Solana soared to $10.1 billion over the last seven days, while Ethereum recorded $8.8 billion in volume during the same period”.

Before we get into today’s letter we wanted to share some positive messages and feedback we have been receiving. Below is just one of the many messages of someone who got a nice bag from our OTsea heads up.

Please continue to share with Cousin or Gannon via DM any wins you make that come from our opinions NOT financial advice. The goal of this newsletter will always be to help you win.

Lastly, we are pushing back the raffle one more week. We had several people share the newsletter with 3 people but nobody shared it with 5.

So we are going to spice up the deal. To be entered into the newsletter all you need to do is share this newsletter below with 1 individual you know that follows crypto. For every person you share it with, that it one raffle entry (meaning the people who have 3 already have 3 entries). The winner will get a Trezor Safe 3 PLUS $100 USD in ETH.

Let’s get straight to it: There is no doubt we push higher.

However, as I’ve said in the past newsletters there are several ‘local’ top indicators. Running down the list there is unwavering euphoria, meme coins going vertical, seemingly no profits taken on a 10 million dollar $BONK long (we will get into that later), open interest and funding continuing to increase - it’s all there.

I personally don’t see a world where we push significantly higher without a big dump first just to reset everything. Sure we could squeeze a bit higher before that, but a healthy correction is becoming beyond due in order for us to move higher. Another frightening greed indicator is I’ve started to have normies start messaging me about crypto for the first time since the 2021 bull run, so definitely will not be taking any new positions until we get that pullback. I believe the next few years will be great for the crypto space, and over the next few years you will be presented with many opportunities from the market, imo FOMO’ing up here would be completely spastic. With that being said, I obviously have capital that is already in the market, over the last few days I have started rotating a lot of that capital into ETH, as I think it has underperformed like mfer and eventually will catch up to likes of Bitcoins and Solanas gains.

The plan remains the same. 2024-25 will be electric, take the time now to prepare, know what you are buying, have an entry and more importantly an exit idea for your plays, and sit tight until the market presents us with the next buy opportunity.

📈 Bitcoin is BACK By Zack Voell

• SEC to make a decision on BlackRock Spot Bitcoin ETF January 9th (@bitcoinlfgo)

• Ark Invest sells $28M of Grayscale Bitcoin holdings (@bitcoinlfgo)

• Elizabeth Warren pushes back against blockchain lobbying (CD)

• Yuga Labs recovers stolen apes with 120 ETH bounty (DC)

• Ledger to reimburse victims of ConnectKit hack (CT)

• Bitcoin Mining firm Marathon breaks own record, mining 125 BTC in 24 hours (@BitcoinNewsCom)

• Lolli raises $8M for BTC rewards program (P)

• 2 men charged after caught operating $25M crypto Ponzi scheme (J.GOV)

💸 DOLLAR INDEX - BEARISH

With Christmas and New Years just around the corner the market will be closed on certain days - therefore it isn’t a high opportunity week to trade.

This previous week's price consolidated for the beginning of the week, and then on Thursday and Friday price sold lower into the Bullish weekly FVG below.

For the final week of the year, I expect Price to consolidate around the weekly FVG, before we see better price action in January.

💸 EUR/USD - BULLISH

Price took out our previous week’s high on Friday. I think the next draw on liquidity is the high that is inside the weekly Bearish FVG at 1.10652.

I don’t think price action will be clear for this final week of the year, therefore my Price target may only be hit in January.

💸 GBP/USD - BULLISH

Price retraced back into the daily Bullish FVG we left behind during the previous week. From there price bounced towards the end of the week.

My target for price is the equal highs at 1.28190.

🗞️ NEWS

As it is the final week of the year, the market will be closed for a couple of days, so there will be no news.

If you’ve seen the movie ‘Her’ with Joaqin Pheonix you already know where society is likely headed. Just recently the first version of “Digi” an AI girlfriend has launched. If you watch the video there’s no doubt it will give you the heebie jeebies. Scarier than this is the fact that 8.4k people bookmarked this.

One can argue that this is a huge technological advancement which is no doubt true. Another could say this is just a slippery slope into the demise of our civilization as we know it. Soon we will be balls of dough in floating scooters like in Walle-E which many laughed when that idea came out but it feels like we are on a lightning speed train to that destination. The hot take here is that just because something can be built doesn’t mean it should.

There is a clear winner of Degen Of The Week and second place is a mile away. This week’s winner is @LaliettesLab who owns over $10 MILLION USD worth of $BONK. People are literally begging him in his first post to take profit - instead, he tells the waitress he’s ordering a double and throws it in their faces.

Wild behavior to say the least considering $BONK is a Solana Doge Coin-inspired sh*tcoin spinoff. Remember that one guy “Dogecoin Millionaire” who had a $3 million USD in Doge and went on multiple podcasts where hosts begged him to sell? The lights were too bright and the fame got to him, he didn’t sell and well we know what happened next. Anyways, legendary degen sh*t but now be smart and make a $10 mill profit king.

• How Cousin Finds His Next 100x Alt Coin

• Santa’s Got A Big Green Bag

• Michael “Hold My Beer” Saylor

• Meme Coins, The Ultimate Local Top Signal

Written by: Cousin Crypto, Gannon

Disclaimer: Heinous Pumps Newsletter does NOT provide financial advice. All content is for informational purposes only. Heinous Pumps is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses. Heinous Pumps is a satire-based newsletter and should not be taken seriously.