Uneasy Money: Hyperliquid's Dilemma After 10/10: Protect Itself or Its Users? - Ep. 954

Bullish:

• $ENA - Strong bullish stance on Ethena with explicit declaration of being a big bull on the project

  • “I'm a big INA bull, so I'll I'll just say that at the outset.”

    Kain·56:24
• $ICO - Bullish on the return of ICO funding model as it creates better alignment by requiring investors to put capital at risk, contrasting with airdrops that expect upside without investment

  • “Super bullish on the ICO meta because I think this idea of not putting your money where your mouth is and expecting huge upside, I think, is a fallacy that I think Web three ran with that I think was not healthy.”

    Luca·4:29
• $PENGU - Founder views Pengu as a cultural phenomenon and proxy for impressions, positioning it as potentially the next iteration of iconic brands like Mickey Mouse

  • “It's a proxy of impressions and do you believe that we are the next iteration of Mickey Mouse”

    Luca·17:34

Bearish:

• $MONAD - Critical of Monad's ICO valuation at $2.5B FDV as being too expensive, limiting investor upside potential to only 2x instead of meaningful 4-7x returns

  • “It's, like, too high, man. You gotta you gotta do these prices where it's not just an easy double. Right? Like, it's an easy four, five, six, seven x.”

    Luca·6:12