🥛 3 tokens that are due ⏳

GM. This is Milk Road Degen, where fallen angels get a second look, and maybe a 3x.

Special Note from LG: We’re making a small change to the newsletters, and removing the Monday edition. There’s tons of alpha out there and it’s hard to focus on the winners when we’re spread across three weekly editions. Going forward, Milk Road Degen will publish a Wednesday edition and a Friday PRO report. Thanks for reading!

Here’s what we got for you today:

✍️ 3 tokens that might have finally bottomed
🍪 Jupiter launched F1 Mexico GP prediction market

Milk Road Swap is a DEX that makes trading crypto simple, cheap and fun. Trade on Milk Road Swap now.

Prices as of 8:00 AM ET.

3 TOKENS THAT MIGHT HAVE FINALLY BOTTOMED

Listen up, degen.

I’ve got a brand-new trading strategy. It’s revolutionary. Never been done before. Truly galaxy brain stuff.

I call it… buying the bottom. 🫢

Genius, right?

No more chasing green candles. No more top-blasting every token that trends on CT. I’m looking for the fallen angels now - the tickers that were once “the next big thing”, got abandoned by their KOLs, and have since been left to rot.

And yet, they still have solid fundamentals. They’ve been beaten down 80%, feel completely unsexy… and that’s exactly why they’re interesting again.

So as Uptober rallies for what could be its grand finale, here are three tokens that might be ready to rise from the ashes.

$PNKSTR - How is this still under $100M?

Hard to believe Punk Strategy mania was only a few weeks ago - it peaked at $300M on October 5th and now sits below $70M.

Seventeen days. Gone.

But here’s the thing: $PNKSTR doesn’t need hype to grow. It’s a perpetual token-buying machine that automatically buys back its own supply as the price of Cryptopunks rises. Oh, and it’s also the third-largest Punk holder in existence.

Source: DEXscreener

Why it could pump (again!)

There are so many reasons to be bullish in the future:

CryptoPunks could moon. The Punk floor peaked near $1M last cycle and sits around $170K now. If $ETH keeps running, Punks could double and $PNKSTR is perfect beta to that move.
Technical support looks solid. It’s bouncing around the 0.786 FIB - roughly an 80% drawdown, which screams “bottom zone”. I’m not a big TA guy though.
New NFT strategy adoptions. Chimpers and Good Vibes Club have officially integrated $PNKSTR strategy tokens into their ecosystems, meaning more volume, more fees, and more burns.
The vault holds 31 Punks worth $6M. If those ever get sold (they are listed at 50 ETH, and the floor is currently 40 ETH), that capital fuels buybacks.

How to buy

This is on Ethereum Mainnet
Trade on Definitive (my referral code)
Warning: You pay a 10% fee each time you trade this token

THIS DEX SOLVES AN ACTUAL PROBLEM

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3 TOKENS THAT MIGHT HAVE FINALLY BOTTOMED (P2)

$AVNT - The Coinbase perp DEX

Okay, not technically a Coinbase product - but close enough to matter.

Avantis launched its token this summer and quickly became a Base favorite during the perp DEX gold rush. It peaked at $2.60, now chilling around $0.60. That’s an 85% markdown.

Source: DEXscreener

Why it could pump (again!)

Base meta still strong. Coinbase clearly wants its L2 ecosystem to shine, and Avantis is one of the few projects worthy of that spotlight.

Source: @gammichan

Buybacks are coming. Although tbh, I think they are being a bit cheap about it. They promised buybacks once they averaged $200k/day in revenue, when they would spend 30% of that on token buybacks. Yet they can barely crack $100k/day right now. Once the platform picks up a bit more, ideally they cross that threshold and start the buybacks - or just toss money out of the window and spend all their rev on it.

Source: @avantisfi

How to buy

This is on Base
Trade on Milk Road Swap
Trade on Definitive (my referral code)

$TIBBIR - The secret VC frog

This one’s less “bottomed out” and more “quiet before the storm”.

$TIBBIR is a mysterious meme on Base and Virtuals - “Ribbit” spelled backwards - and it’s rumored to be linked to Ribbit Capital, the VC firm led by Micky Malka.

People have been following the breadcrumbs ever since the project launched, connecting the not-so-secret dots. Plus, Micky recently went on Real Vision with Raoul Pal to discuss “the new internet of money”, and responded with “I have no idea” when asked about it by Raoul (who is clearly in on it).

Source: Raoul Pal The Journey Man/Youtube

Why it could pump (again!)

Big green candle yesterday (+20%) before the afternoon pullback.
The official account wiped all tweets and cleared its bio. Something’s cooking.
They own a CryptoPunk and airdropped soulbound NFTs to holders earlier this year.

Even big names like Bob Loukas show up in the comments.

Source: @DeeZe

How to buy

This is on Base, but only paired with $VIRTUALS (for now)
Trade on Milk Road Swap
Trade on Definitive (my referral code)

Wrapping up

There’s free money lying on the floor, degen.

Sure, these tokens could fall another 50% - but they could also easily be 3-5x if Uptober finds new life.

In this market, fortune may or may not favor the brave… but it definitely favors the bottom buyers.

Stay sharp, anon.

OUR PORTFOLIO JUST GOT A MAJOR UPGRADE 🥛

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BITE-SIZED COOKIES FOR THE ROAD 🍪

Hong Kong just approved the world’s first Solana spot ETF. It launches Oct 27 via ChinaAMC, offering 100 $SOL per lot and trading in HKD, RMB and USD as altcoin ETF szn begins.

Jupiter DEX just launched an F1 prediction market for the Mexico Grand Prix. Built with Kalshi on Solana, it lets users bet up to $1k on yes/no contracts paying $1 per win.

Bealls now accepts crypto at over 660 U.S. stores. The 110-year-old retailer uses Flexa to support 99+ tokens and 300+ wallets for seamless in-store payments.