Musing Mind trading Journal
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I post my thoughts, research and Mind musings about my trades here. DYOR, NFA. Some are highly degen plays. DM at @Prateek_0x Twitter: https://x.com/Prateek0x_
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$HYDX was up 100% today, about 50% still right now. Some wallets profit-booked like all other Base coins. Holding this one for long term as I expect a Gitlawb kinda run once it gets more eyeballs.
They have a $1.3M treasury and $2M Mcap with backing from the likes of DCG, Coinbase, etc. Can check their stats here:
https://www.hydrex.fi/analytics
I think downside is limited on this one with unlimited upside depending on how the market goes over the next few days.
Aerodrome went from $2M to $1.5B in the base Defi summer. Can we send $HYDX to 50-100M pls
Also found the tweet where they ann onboarding Senior Coinbase guy to Hydrex Advisory Board.
https://x.com/HydrexFi/status/1973791333707112503
Bdw Base and Jesse have been shilling it from quite sometime.
https://x.com/baseapp/status/2033618406252155165
https://x.com/base/status/1937574313668087960
https://x.com/jessepollak/status/1993757014334558568
https://x.com/jessepollak/status/1948783218670665951
And Jesse met them in a Conference IRl as well
https://x.com/jessepollak/status/2024530604180853134
Frax been posting about them as well. Frax is a stablecoin project which went few billions
https://x.com/fraxfinance/status/2049886770658238623
https://x.com/fraxfinance/status/2037543294880690457
https://x.com/fraxfinance/status/2028521544587096150
https://x.com/fraxfinance/status/2023808194879918524
Not just 1-2 but tons of tweets out there from tier-1 projects
$HYDX Aerodrome competitor backed by DCG, Coinbase. 2M Mcap, $4.5M rev
What it is
Base-native MetaDEX + liquidity coordination layer. Not just an AMM ā positioning as default infrastructure for smaller Base tokens that Aerodrome ignores.
The bull points
>DCG (Multi bllion dollar company behind grayscale) Invested and listed it on their portfolio page. Sub-$2M MC
https://x.com/HydrexFi/status/2036464509032837253
>Aerodrome competitor on Base ā same ve(3,3) model but with the SPR twist. Coinbase advisor (Coinbase SSE Colin Johnson joined the Hydrex advisory board)
>SPR mechanism is genuinely clever ā every HYDX emitted requires 0.01 USDC deposited into a reserve. Most ve(3,3) forks print tokens into oblivion. This one has a capital floor (~$1.1M USDC reserve backing ~$1.4M MC)
>$4.5M annualized revenue per their site.
>They have a Strategic Protocol Reserve $1.3M which has cBTC, USDC and Eth so that might be RFV itself.
$450M+ monthly volume (Feb 2026 official). Top pools are WETH/cbBTC and WETH/USDC ā legit high-volume pairs, not fake wash volume
$12-14M TVL (DefiLlama confirms ~$12.4M) ā real, all on Base
>Backed by Base and Coinbase, Base ecosystem grants ā Growth Grant, Send app powered by Hydrex, Coinbase builder grant, Base Guild quest
>40+ Base project partnerships ā Frax Finance (frxUSD forex program), Morpho (USDC/WETH vaults as Omni Liquidity source), Metacade, and counting
Bootstrapped ā no VC round, no presale, no KOL campaigns. Team tokens are permanently locked
>Live Data- They did over $100M vol and $160k revenue just this month
https://x.com/HydrexFi/status/2051700951824666764
https://dexscreener.com/base/0x51f0b932855986b0e621c9d4db6eee1f4644d3d2
CA:
0x00000e7efa313F4E11Bfff432471eD9423AC6B30While its base seazon. There's a coin on Base which is officially backed by a multi-billion dollar fund, Coinbase etc sitting at sub $2M mcap. Total revenue is like $5M
Any guesses?
A few people asked me how I think about meme markets. Here's the actual playbook.
Memecoins are all about attention. The more attention something gets, the better it does. Most people don't get this until it's already happened.
The whole playbook is betting on whether something will get attention at a point in the future. If it works, you make huge money. If it doesn't, you lose some.
If something has even a 20% chance of going viral and the upside is 10-50-100x while my max downside is just my entry size, the skew is mispriced in my favour. That's the mental math. Bet heavy when the probability of attention is much higher than what the market is pricing in.
Attention creates price. Price creates more attention. That feedback loop is what makes meme markets so violent on the upside and brutal on the downside.
TBH that's how the whole market works. A lot of traders don't actually trade stocks. They don't trade tickers or financials. Your job as a good trader is to find what could get max attention in the next few days/weeks/months or even a few years, and buy into that.
The only difference between memes and stocks is the parameters for success. Memes are about how viral it will get and the emotional appeal. Stocks are about financials, future revenues, promises, not just current growth.
Multicoin framed it best in their "Building The Attention Economy" piece. They said the price of any stock has two components, DCF value (intrinsic) and memetic value, and historically most stocks didn't have significant memetic value. Memes are just stocks where the memetic value is 100% of the price.
https://multicoin.capital/2025/10/23/building-the-attention-economy/
Elon said it back in 2017 and I just can't forget this tweet. "Whoever controls the memes, controls the universe."
A lot of people think memecoin traders are retards. They fail to understand the same mfers are insanely good at spotting shit early. They understand the skew between something with low attention now and what becomes insanely viral later.
Being an elite trader, investor or founder is all about spotting stuff when no one is looking, not when it becomes a consensus trade.
Same mental muscle as the chads who bought NVDA in 2022 before the AI rally, or joined OpenAI and Anthropic before ChatGPT existed. They walked away with 10M, 100M or billions. Humans get paid for spotting trends early and going all in. Memecoin traders just do it on a faster clock.
Doesn't matter if you trade memes, perps, prediction markets or stocks. You're always betting on attention. Just that memes are the purest and rawest version of that game.
https://x.com/Prateek0x_/status/2056056566122741991
Eagerly waiting for TradFi bros to heavily trade $SPCX on Hyperliquid next week.
Cerebras IPO on HL was a massive hit. Hundreds of millions in volume and Bloomberg + WSJ already quoting HL's price as the reference.
Now SpaceX is coming to HL. Expecting even crazier TradFi attention.
Super bullish for both $SPCX memecoin and $HYPE.
The best way to get SpaceX IPO exposure is the actual stock. Only institutions get access rn.
Here's the chain reaction I'm betting on:
-Retail buys hard into the IPO
-Those who feel missed out chase space stocks as beta and pump the fuck out of them before/after the IPO
-A lot of retail apes into memecoins like Asteroid ($150M) as the SpaceX mascot and many dig up the OG SPCX memecoin sitting on Ethereum since 2024 which is currently trading at $3M
I might sound retarded rn for being bullish on SPCX meme. But when the whole world talks about SpaceX, when everyone and their grandma is trying to sell their house to buy into the IPO, this is where the attention flows.
Maths is simple. Odds are great. That's what helps me build conviction early and hold when it's early.
The ticker is $SPCX GL. Degens
https://dexscreener.com/ethereum/0xb2896002662372b95086a4fcaaf7dfa6c7727b4a
Repost from Mlm onchain
TradeXYZ bought the $SPCX ticker on HIP-3 10 minutes ago.
They will likely launch an IPOP for SpaceX sometime in the next few days.
https://hypurrscan.io/tx/0xf7f5fe86e25f02d3f96f043b9c57500201b5006c7d5221a69bbea9d9a152dcbe
Repost from SpyDefi
Achievement Unlocked: x7! ā”ļø
@MusingMind made a x7+ call on SPACEX4200.
$1M ā”ļø $7.5M
š View Call š View Stats
š¦ DEGEN - TRENDING #2
Repost from Watcher Guru
JUST IN: SpaceX reportedly set to trade under ticker $SPCX as early as June 12.
@WatcherGuru
Repost from Market News Feed
SPACEX PICKS NASDAQ AS LISTING VENUE FOR ITS INITIAL PUBLIC OFFERING, AS EARLY AS JUNE 11TH, SET TO LIST SHARES ON JUNE 12TH, UNDER THE TICKER SPCX - SOURCES ...
Repost from Market News Feed
BREAKING: SPACEX IS REPORTEDLY TO PUBLICLY DISCLOSE ITS IPO PROSPECTUS FILING AS SOON AS NEXT WEEK, PER CNBC ...
