June 5, 2023

🥛 Crypto prices: 2 winners. 1 big loser 📊

Today’s edition is brought to you by Trezor – stop losing sleep at night and know your digital assets are secure.

GM. This is Milk Road – the crypto newsletter that's so addictive, it should come with a warning label.

Side effects may include uncontrollable bursts of laughter, random “WGMI” chants, and saying "Satoshi bless you" when someone sneezes.

Here’s what we got for you today:

  • Market movers: winners & losers 📊

  • 2 things to watch this week 👀

  • Google searches for “crypto” have plummeted 🍪

Prices as of 10:30 AM ET


Crypto prices are hard to keep track of.

One moment, they’re up big. Then you blink…

And they’re crashing back down.

Lucky for you, the Milk Man has been keeping a close eye on prices over the last week. Here are a few tokens that got his attention…

He’s got 2 winners and 1 loser.


1/ The Sandbox ($SAND) is up 11%

What is it? $SAND is the token that powers the Sandbox metaverse – a virtual world where users can buy/sell digital assets (like land), build cool experiences, and monetize it through a “create-and-earn” model.

It’s web3 meets Minecraft meets Roblox.

Why it’s up: Metaverse tokens have seen an increase over the last week in anticipation of Apple’s new VR/AR headset being released later today.

Many people think that Apple’s big release could be a catalyst for everything “metaverse” related.

2/ Terra Classic ($LUNC) is up 13%

What is it? $LUNC is the native token for the Terra blockchain. It’s just the rebranded version of the original LUNA token. (R.I.P)

That’s right, the token that went from being worth $40B+ → being worth less than the lint in your pocket is quietly making a comeback…

Why it’s up: A new upgrade proposal has been submitted – v2.1.0. The changes include:

  • Validators receive a minimum 5% commission as “promoting fair compensation”

  • Multichain capability to expand to Cosmos and other blockchains

The proposal still needs to be voted on and approved, but it’s drummed up a lot of investors’ attention for the OG project.

Remember – Terra first blew up because of the founder (He-Who-Must-Not-Be-Named) not because of the developers. It looks like the few remaining devs are trying to make a comeback from the dead.

And now, onto the…


1/ $PEPE is down 20%

What is it? A memecoin on Ethereum.

It launched in April, the price soared, and it kickstarted the latest Memecoin Mania.

Why it’s down: The hype behind memecoins has plummeted and lots of the early $PEPE investors have been cashing out on their gains.

In the words of Bill Nye the Science Guy: What goes up, must come down.


There are two things I always keep stashed away:

1/ My crypto

2/ An extra pack of Oreos (ya never know when you’ll need it)

I won’t tell you where the Oreos are. But I will tell you where the crypto is…

Trezor’s hardware wallets. These are physical devices that keep your private keys and crypto secure. They also give you full control over your assets vs storing it in a centralized exchange.

(Remember – not your keys, not your cheese.)

There are a ton of different hardware wallets – like Trezor, Ledger, and more – so we created a whole guide for you Roadies. Check it out here!

WARNING: Trezor’s hardware wallets might make you feel invincible. Side effects include walking with a swagger and bragging about your “security hygiene”.


We know you’re busy people. So guess what? We did you a favor…

We rounded up the 2 most important things you need to keep an eye on this week. (You’re welcome)

Here they are:

1/ Token Unlocks

Last week we talked about why token unlocks are a big deal and why investors need to keep an eye on them.

The TLDR – Where there is a token unlock, there is price volatility. (Milk Road Rule #58)

Well, there are a bunch more happening this week:

  • dYdX (DYDX) is unlocking 6.5M tokens (worth ~$14M)

  • Aptos (APT) is unlocking 4.5M tokens (worth ~$40M)

  • Hop Protocol (HOP) is unlocking 20M tokens (worth ~$1.5M)

  • GMX (GMX) is unlocking $22k worth of tokens per day, starting on June 8th

These projects could have a Rocky Road in the week ahead (and we ain’t talking Ben & Jerry’s).

2/ Apple’s WWDC Event

Today is one of Apple’s biggest events for the year…. drumroll….

WWDC (Worldwide Developers Conference). It’s kinda like EDC – except instead of a festival for music ravers, it’s a conference for nerds. And instead of drugs, they get high off new tech product releases.

This year, everyone is waiting for Apple to drop one thing: its new VR/AR headset.

Seriously, I haven’t seen people this hyped for a pair of glasses since Juni Cortez was rocking these in Spy Kids…

So, what does this have to do with crypto? Many investors think the new VR/AR tech could bring attention to metaverse tokens.

In fact, many of these tokens are already going up in price. Check it out…

All eyes will be on Tim Cook…


Google searches for “crypto” have plummeted to levels we haven’t seen in years. It hasn’t been this bad since Jake Paul dropped a rap song back in 2020…

Atomic Wallet users get hacked for $35M+ over the weekend. Another week, another hack. Sigh

JPMorgan is teaming up with six major Indian banks to test out a new blockchain-based platform. The goal? Enable interbank settlement of U.S. dollar transactions.

Coinbase Derivatives Exchange will offer its institutional clients “institutional-sized” Bitcoin and Ethereum tracked futures. The new feature is set to roll out later this week.

Do Kwon gets released after being granted bail in Montenegro. Kwon will be on house arrest and will be closely monitored by the local police.



Advertise with Milk Road to get your brand in front of the Who's Who of crypto. The Roadies are high-income crypto investors who are always looking for their next interesting product or tool. Get in touch today.



DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.