Bollish Journey📚

If you're indonesian : https://x.com/99_bollish/status/2065028524084531205?s=46

Hi, wow thanks for 3k subs!🤍

So yeah, leverage as a token. Nothing to babysit. Sitting on top of a perp-backed model. Solid tool if you actually understand how these things work.

Of course, it’s not a magic money printer. Leveraged products come with trade-offs, especially during choppy and sideways markets. Anyone planning to use them should understand that first. But as a product, I think it’s a very interesting direction.

The idea is pretty simple. You buy the token, and the leverage is handled underneath. If implemented well, it could make leveraged exposure much easier for the average user while still keeping everything on-chain.

One feature I’m personally looking forward to is leveraged tokens. A lot of people want leveraged exposure, but most people don’t want to manage collateral, monitor liquidation prices, or actively trade perps all day. https://x.com/perpadfun/status/2064474838509445578?s=46 https://x.com/99_bollish/status/2064689918358737091?s=46

Ok i'm going to afk, brb

So the community was discussing the wizard that Perpad keeps posting, and the Perpad dev asked the community to choose a name for it. WizPerp actually seems like it could become their mascot’s name. So yeah, this is a gamble. NFA. CFEg2aYaj65CWge6jaXEiasTbEEk9G59xWnmVCVZscoC

Just my thoughts.

Again, maybe I’m wrong, and maybe $PERPAD won’t play out the way I expect. But if the team keeps shipping, keeps improving the platform, and keeps attracting new projects into the ecosystem, I think we’re still very early in the story.

You don’t want a coin where the same small group holds most of the supply forever. Over time, distribution becomes healthier, more people become involved, and the community becomes less dependent on a handful of wallets.

Perpad launched only 19 days ago, and we’ve already managed to hold above $200k - $400k mc for around 12 days now after the 1st ATH at $1.4M. One thing I’ve also been paying attention to is the holder distribution. A lot of the early holders who got in during the first few days have already started selling their positions, and those tokens are gradually moving into the hands of newer holders. I actually think that’s important for the long term health of $PERPAD.

This is currently my biggest conviction. In fact, I’m still hoping the market gives me another opportunity to buy under $200k mc. That’s why the current price action doesn’t really matter much to me.

I think $PERPAD is still very early. The project is only getting started. There’s still plenty of room to grow, and there are still many features, improvements, and ideas that haven’t been shipped yet.

Maybe I’m completely wrong and none of this matters. 🤷‍♂️

The average memecoin holder probably isn’t opening leveraged positions on Phoenix themselves. Perpad gives them exposure to a market thesis in a much simpler format.