🥛 3 tokens I’m circling for uptober 🔄

GM. This is Milk Road Degen, the crypto newsletter that shows up like that one friend who always calls the top… and still goes long.

Here’s what we got for you today:

✍️ 3 altcoins that I think could pop
🎙️ Milk Road Degen Podcast: Brycent Reveals How He Made $200K on Pump.Fun
🍪 Morgan Stanley advises up to 4% in crypto

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Prices as of 8:00 AM ET.

3 ALTCOINS THAT I THINK COULD POP 💰

Degen, wake up - it’s Uptober.

The time we’ve waited for is finally here: the most bullish month of the most bullish cycle yet.

And honestly, it almost feels too bullish. The “experts” have been calling Q4 2025 the melt-up phase for over a year, and it’s playing out almost too perfectly.

In fact, if you believe in crypto astrology, today might be the exact cycle top - down to the minute.

Source: @Jampzey

Regardless, things are absolutely ripping. And if you feel sidelined, you’re not alone - we can never have enough $ETH or $BTC, and it’s impossible to catch every single meta that comes along.

But while we hold our majors and pray we time the top (or hold to the fabled “cycle extension”), we still need to hunt. We’re looking for tokens with high upside that are either brand new or have wild catalysts coming up.

Here are three I’ve been watching closely - two oldies and a newbie.

$SNX - The darkhose perp DEX

Synthetix Network was early to the perp DEX game - arguably too early. They’ve been around for years, but have been hard at work on their upcoming V3.

How it works: users supply deep LP pools that power perp trading on the platform and earn a portion of the fees. It’s one of the few truly decentralized setups, and it doesn’t rely on external market makers. You can play the bank here instead of just betting the house.

Source: @captainaltcoin

Why you could be bullish

A massive trading competition launches this month with several big-name KOLs rumored to join (including DegenPing and Degen Spartan).
The competition coincides with the rollout of Synthetix V3 - essentially acting as the promo campaign for the product.
All other info is kind of unknown right now; no news of buybacks, burns, and not much revenue info to go on. At their peak in 2022, they pulled in $600k+ in a single day.

How to trade

The token is already up 2x since late September, but it’s an OG horse in a hot new meta. Those influencer signings could lead to a sell-the-news moment, but short-term momentum looks solid.

Source: @route2fi

How to buy

Available on Optimism, Base, and Mainnet
Buy on Definitive (My Referral Code)
Perp trade on Hyperliquid

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3 ALTCOINS THAT I THINK COULD POP (P2) 💰

$HYDX - The new Base DEX play

Hydrex is a new DEX and liquidity hub on Base that aims to fix the clunky LP experience of platforms like Aerodrome and Uniswap.

It lets users provide liquidity easily - even single-sided LPing - and offers a “Base Swap Guarantee” that matches better rates found elsewhere. With $100M+ in volume already and growing adoption from Base-native projects like Backroom, Hydrex is shaping up to be a sort of Meteora on Base.

The platform shares 100% of its fees with LPs and holders, has a clean interface, and is already positioning itself as Base’s go-to DeFi venue. The cabal loves this type of stuff.

Why I’m bullish

Aerodrome sits at a $1B market cap and $650M TVL; Hydrex is at just $18M cap and $10M+ TVL.
Smart money is accumulating (top 10 across all chains last week).
No VC unlocks, no heavy vesting cliffs.
The CEO publicly compared Hydrex to Aerodrome and outlined exactly why it’s better.
A senior Coinbase engineer just joined as an advisor (you know this is bullish)

Source: @jonesrida

How to trade

We might be too early - or just right. I think this could go to $2 or $3 if it catches the attention of the base cabal (it’s currently just below $1).

How to buy

Buy on Definitive (My Referral Code)
Buy on their site (use $ETH or $USDC)
Note: The LP situation is a bit odd; it doesn't display well everywhere. You can see it for real here on GeckoTerminal. There is $5.5M in liquidity for the $USDC poo l.

$TWT - A giant in waiting

Trust Wallet is massive - over 200 million downloads, multichain support, and full Binance integration.

But surprisingly, the onchain revenue just isn’t there. Somehow, they make less than $1M a day, while smaller browser wallets are pulling multiples of that.

Source: DeFiLlama

So why am I talking about it? Because of CZ and YZi Labs.

We wrote about them a few weeks ago - they’re the secret sauce behind many of Binance’s strongest ecosystem plays. The Binance meta has cooled slightly since $ASTER retraced below $2, but the Trust Wallet relaunch could reignite the fire. Or at least prove a good infra play.

Why you could be bullish

YZi Labs’ CEO is openly shilling the new Trust Wallet launchpad.
CZ is publicly pumping it as well.
They’ve promised buybacks, funded by new roadmap products (gasless transactions, perps, prediction markets, AI integrations, and more).

How to trade

Whales loaded up around September 20th after CZ’s endorsement - and none have exited yet. Clearly, they’re waiting for a second leg up.

I’m personally waiting for a clear volume breakout before getting involved again. But it’s Uptober, and this thing could move fast.

Just… maybe not this fast:

Source: @notEezzy

How to buy

Buy on Definitive (My Referral Code)
Buy on Binance

Wrapping up

Markets feel euphoric right now, and that’s both thrilling and dangerous.

It’s Uptober, so the meta might rotate daily and these picks all have one thing in common: real catalysts. Big names, product launches, or strong narratives backing them up.

If I had to rank them: