Welcome to the 16th version of the Degen PRO Report.
Dear degen,
I’m thinking about you. I know it hurts.
It’s not easy being a degen; why can’t our tokens just moon already, right?
Sure, we could follow the Milk Road mantra of “Spot & Chill” - but that would mean turning off the gamble radar that makes us tick.
Not possible for me, tbh.
So even in weeks when my latest bets get hammered, I stay optimistic. Or rather, confident.
We’re in the right place to capture massive upside - it just takes patience.
And I’ve got tons of it.
Let’s get into this week’s report.
🧠 VIBECHECK
I’ve got a feeling the end of Q4 is going to be one of the wildest stretches of crypto we’ve ever seen.
Majors are trying to recover - and by all means, they should. It’s been a huge week on the macro side: earnings, QT ending next month, and a wobbly outlook for rate cuts. The setup for a big green candle is right there; it's just hard to time its arrival.
(Side note: if you want to learn all that “macro right-curve” stuff, sub to the Milk Road Macro newsletter - that’s how I learned to sound confident with my last statement.)
But the real story is the return of the trenches.
Late September through early October saw a full-on liquidity suck in small caps. Some blamed big tokens like $XPL, $PNKSTR, and $ASTER eating the flow. Personally, I think whales just derisked hard.
Now? The tone’s shifting. Across Solana and Base, we’re finally seeing life again. A few rallies got cut short, sure - but winners are emerging. I think November’s going to bring bullish news, fresh catalysts, and real momentum back into the trenches.
📚 WEEKLY RESEARCH
Farming alert: PRJX on Hyperliquid
Did you notice something this week? $HYPE barely flinched while everything else swung like crazy post-FOMC. The more I try to time cycle tops, the more I realize I’m not bullish enough on Hyperliquid as an ecosystem.
And there’s a clear airdrop play staring us in the face.
I’ve talked before about Project X, a cross-chain DEX built on Hyperliquid by KOLs Lamboland and Bobby Yield; the same duo behind Pacmoon, which kicked off the InfoFi meta back in the Blast days.
They’ve nailed the attention game and built a very slick tool, and now they’ve rocketed to the top of Hyperliquid’s revenue charts, still teasing an unreleased “Phase 3”.
They’re now the most profitable app on Hyperliquid, which has been the biggest winner of this cycle. With the DAT launching next month and 38% of supply still locked, the setup here is absurdly bullish.
I’ve moved a ton of liquidity over to farm points (yes, they’ve got a points system). Be sure to use my referral link for a 10% boost when signing up for PRJX.
And keep reading: I put out a Degen PRO Signal this week on another Hyperliquid ecosystem token that’s cooking nicely.
💼 DEGEN TRADES
Spot trades
- $MET: Airdrop sold. I wanted to believe in Meteora, and as a product I still do. But the token’s underperformed badly; the market originally had it pegged around a $1B FDV, and it’s now sitting 60% below that. I took profits and moved on.
- $MEGA. Bid the ICO. The MegaETH sale ended up raising $1.39B over 3 days, which is impressive given current conditions. I think some traders hesitated on uncertainty around the January TGE. I committed roughly 10% of my stack. I’ve followed MegaETH closely, and I still think it’s going to be a monster when mainnet and apps go live.
Uh-oh, the rest of this report is for Degen PRO and All Access members only.
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WHAT’S LEFT INSIDE? 👀
- Hyperliquid bet of the month
- Base gem reload
- Privacy token comeback
- 5 tokens for giga November
Upgrade your subscription today to unlock access to all of the milky insights above, PLUS:
- 🧠 LG’s full trade diary — every buy, sell, and rug
- 📈 Real-time buy/sell signals in discord
- 🎤 Twice-monthly AMAs with LG
- 🧪 Access to the upcoming Degen Portfolio Tracker & Token Screener
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ROADIE REVIEW OF THE WEEK:
