GM. This is Milk Road Degen, the newsletter that’s like ordering mystery meat from a food truck, you don’t know what you’ll get, but you’re here for the ride.
Here’s what we got for you today:
- ✍️ These 3 tokens could be big (but maybe not)
- 🎙️ Milk Road Degen Podcast: Pudgy Penguins, Pengu Token & the Future of Crypto Culture (+ Abstract Airdrop?) w/ Luca Netz
- 🍪 Elon’s lawyer to chair $200M Dogecoin treasury
$FUN is one of the leading tokens in Web3 gaming. Discover how it’s powering the next wave of innovation.
Prices as of 8:00 AM ET.
THESE 3 TOKENS COULD BE BIG (BUT MAYBE NOT)
Yo degen,
Before you read this, pay attention to ONE thing today: the launch of $WLFI. I think it could shake markets, if it hasn’t already.
Last Friday I broke it down for Degen PRO members - potential liquidity drain, plus my list of September-dip buys.
For today’s piece, I usually write these over the weekend, focusing on 3 tokens that hit my radar. So by the time you’re reading this, today’s list could already be at a discount.
Remember: these are fringe plays. One tweet away from a 10x. One whale dump away from a -50%. My job is to watch, research, and flag them for you.
Let’s go.
$LAUNCHCOIN - The token that doesn’t die
Remember how massive this was? It hit $340M (now $57M), got VC spinouts, and briefly wore the crown as “the new Virtuals”. Then it imploded: founder drama, bots everywhere, vaporware projects, plus the death sentence of being a roadmap-heavy product on Solana. It was so big I even dedicated a newsletter to its tickers.
But now? It’s quietly bouncing. Already +60% off lows (before last night’s dip). Fits my eternal philosophy: buy projects that keep building after the hype fades.
The bull case
The team posted their first podcast last week, and many took it as serious alpha:
- They are building a flywheel, meaning revenue will come back to users. They referenced HyperLiquid and Zora as inspirations. New launches might be paired with $LAUNCHCOIN.
- They want to be the ICM hub, which has cooled as a meta but will likely garner support in the Solana eco.
- They admit they rose too fast, but are “properly ready” for the next run.
Do these claims make me bullish? Honestly, no. But they’ll probably make other people bullish. And if $SOL ever runs to $300, this is the type of token that could 5x.
How I’m playing it
Sidelined for now while $WLFI dominates. Would take a flyer around $45-50M.
Where to buy
- Buy on Milk Road Swap
- Buy on Axiom (use my referral code)
- CA: Ey59PH7Z4BFU4HjyKnyMdWt5GGN76KazTAwQihoUXRnk
BIG BET ON $FUN
You know a project’s doing well when it doubles down on its own ecosystem.
That’s exactly what’s happening with a gaming token: $FUN.
The FUN100x Foundation just committed $10M to supercharge the FunToken ecosystem.
Here’s what you should know about the $FUN token:
- A leading token in Web3 gaming
- Set to be integrated into 40+ upcoming games in 2025
- Listed on Binance, HTX and Poloniex
With $10M behind it, $FUN is primed to level up.
Learn how $FUN is powering the next wave of Web3 gaming.
THESE 3 TOKENS COULD BE BIG (BUT MAYBE NOT) (P2)
$WIRE - The dark horse stablecoin play
On Virtuals, and most tokens there have been sliding. But $WIRE is interesting.
It’s the token for 717ai, a bot that handles crypto settlements (off-ramping stables across chains for businesses). Fees from those services buy back and burn $WIRE. Holders get tools, discounts, and eventually DAO access.
The bot also tweets crypto insights, although I would prefer if it just posted the managed transactions. That’s way more bullish than generic market data.
The bull case
Tons of bull-posting on the timeline for this one last week, most of it focused on:
- They processed 9 figures in USDT settlements in 2024.
- They have a flywheel, where the fees from their transactions go to buybacks
- They are apparently buying a bank? Haha I’m not sure about that type of claim but lets see how it plays out.
To be honest I find the litepaper to be a little weak and their cover art to be low effort - but that could all change with a V2 or a big announcement.
How I’m playing it
Long-term watch. Not ready to fly yet.
Where to buy
- Buy on the Virtuals site
- Buy on Definitive (use my referral code)
- CA: 0x6AF73D4579c70A24D52e4F4b43EeCB2A75019F94
$RCAT - Trading bot on Virtuals
A gem that may have already run. $RCAT is Replicat’s first agent: a no-code AI trading bot platform where users can launch, copy, and monetize strategies. Runs portfolios across crypto, RWAs, and TradFi.
They launched on Virtuals in January. The token died. Now pumped back with the testnet launch.
The bull case
There are many such AI projects. So why this one?
- They are super well connected. Circle (yes, USDC Circle) has amplified them a few times.
- Virtuals needs another ponzi winner and will support teams that deliver.
- Respected Virtuals voices are bullish: NickPlaysCrypto, 100xDarren (who called this at $300k = clean 10x).
How I’m playing it
Looks legit. Entry around the $1M cap feels right. But Virtuals is full of low-cap legit teams, so picking survivors is the real challenge.
Where to buy
- Buy on the Virtuals site
- Buy on Definitive (use my referral code)
- CA: 0x6AF73D4579c70A24D52e4F4b43EeCB2A75019F94
Wrapping up
None of these are safe.
They’re fringe plays, sitting at the mercy of one good tweet or one big dump.
But that’s exactly what makes them interesting during a volatile week like this.
Stay cautious, size right, and don’t forget: survival > chasing every pump.
FRESH DEGEN PRO AMA COMING UP!
The next DEGEN PRO AMA session is coming up, giving you direct access to LG. 🚀
🗓 When? Tomorrow, September 2 at 11 AM EST 📍 Where? In our PRO Discord.
Markets move fast, and so do questions. If there’s something on your mind, whether it’s trends, strategy, or what’s next, now’s your chance to ask.
LG will go through them and break down the most valuable ones live.
Not a Degen PRO Member yet? Join here & don’t miss out!
BITE-SIZED COOKIES FOR THE ROAD 🍪
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Myriad just crushed $10M in USDC trading volume with over half a million users on board, no fluff. The DeFi prediction‑market protocol has logged 5.4 million bets since launching its USDC markets in March
$PENGU token loses 20% in August amid Pudgy Party game launch. The game hit top 10 on iOS with 50K downloads in days, but the token still dipped as hype failed to turn into solid price action.
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