Ideas
Evgeny still holds Fartcoin from lows.
Evgeny says he owns some Fartcoin from the lows. He explains that Wintermute pre-hedges OTC sales, so the market often only sees the transfer after hedging, which can cause overreactions; he suggests Fartcoin's post-OTC drop may have been such an overreaction and he still holds a position from low levels.
Perp-only Binance meme listings often dump.
Evgeny argues that a perp listing without a spot listing opens the door for anyone to short a token that previously could mainly be sold by holders. In meme coins, especially Binance perp listings, this has become a self-fulfilling bearish setup because traders expect listed tokens to fall and short them.
Memes and altcoins face oversupply headwinds.
Evgeny expects a potential bear market in memes and altcoins because the market was oversaturated first with VC coins and then meme coins, and now many VC tokens face unlocks. He expects dislocation between tokens available to institutions and those left to the rest of the market, with many retail-oriented alts and memes underperforming.
Institutional-accessible tokens should outperform retail ones.
Evgeny expects tokens with institutional access or ETF paths to outperform tokens available mainly to retail. He notes this is not true for every ETF candidate, citing Litecoin as an asset where institutional interest may be limited.
Regulation lets tokens capture onchain value.
Justin says the SEC dropping lawsuits against Uniswap, OpenSea, and Coinbase is a fundamental regulatory change. He hopes that over the next four years crypto companies can build more meaningful products and tokens can represent onchain value in a way that actually drives value to tokenholders.
Favor quality DeFi with real fee sharing.
Evgeny says clearer SEC/CFTC leadership should allow useful protocols to share value with users through fee switches, distributions, and buybacks. After investors were burned by VC tokens and meme coins, he favors a flight to quality: DeFi protocols with real technology and cash-flow/value-sharing mechanisms rather than speculative tokens.
THORChain faces North Korean flow risk.
Jordi warns that THORChain is processing large volumes of North Korean stolen funds and publicly shrugging off the reputational/legal risk. He notes Chainflip blocked such flows, and says it is not a good idea to be seen as facilitating North Korean hacker money; THORChain may eventually be forced to change.
Solana unlocks are absorbed by long-term buyers.
Evgeny is constructive on Solana even with the large unlocks. He says OTC buyers of the Solana unlock supply were competitive bidders willing to hold long term, not quick 2x flippers; Solana's network handled high load without crashing; and its infrastructure positions it to capture the next DeFi or AI meta beyond memes, while Ethereum looks less winning by comparison.
Staked ETH ETF could revive Ethereum.
Evgeny says Ethereum can flip the negative narrative if price starts rising, especially if a staked-ETH ETF is approved and institutions begin buying. He notes mainnet gas is very cheap because usage is low, but sees the potential for narrative and flows to change quickly with institutional access.
Pump.fun DEX threatens Raydium's flow.
Justin highlights that Pump.fun historically routed graduated tokens to Raydium and effectively made Raydium a key beneficiary of meme-coin activity. Pump.fun is now building an in-house AMM/DEX to capture that value itself, which threatens Raydium's flow and franchise.
This Steady Lads Podcast video, published February 28, 2025,
features Evgeny Gaevoy, Justin Bram, Jordi Alexander
discussing FARTCOIN, Meme coins with Binance perp-only listings, Altcoins and meme coins, Institutional-accessible crypto tokens, Crypto tokens with onchain value, Quality DeFi tokens, RUNE, SOL, ETH, RAY.
10 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Evgeny Gaevoy,
Justin Bram,
Jordi Alexander
· Tickers:
FARTCOIN,
Meme coins with Binance perp-only listings,
Altcoins and meme coins,
Institutional-accessible crypto tokens,
Crypto tokens with onchain value,
Quality DeFi tokens,
RUNE,
SOL,
ETH,
RAY
