• Hyperliquid (HYPE) is the clearest watchlist candidate: reported monthly revenue of $65.7 million and 99% fee-funded buybacks support the thesis, but consider entry only if revenue holds and price confirms a recovery above its key level.
• Pump.fun (PUMP) may be worth monitoring if revenue and buybacks recover while the token price remains weak; verify current figures and valuation before acting.
• Avoid chasing PONS/Pawns based on past gains: the name is unclear, and reported revenue declines prompted the original trader to sell.
• Before investing in any token, check recent 30-day revenue, buybacks, and valuation; treat CARDS as speculative because no valuation or price target was provided.

PONS / “Pawns” (Robinhood launchpad token)

• The speaker says the token was tied to a meme-coin launchpad on Robinhood. He bought because launchpad revenue was rising and 80% of revenue was used to buy back the token.
• He first bought around a $65 million market cap when fees had risen from $380,000 to $637,000. Revenue later reportedly exceeded $2 million per day, prompting him to add to his position.
• When revenue fell sharply, he began selling. Most sales were around a $600 million valuation, with his final sale around $400 million; he says most of his average entries were below $300 million.
• The transcript refers to the token inconsistently as PONS, Ponds, and Pawns, so the exact token name or ticker may need verification.

Takeaways

• The speaker’s thesis was that rising revenue and token buybacks could support a higher valuation—but he sold when revenue no longer supported that thesis.
• Track whether revenue and buybacks are continuing, rather than relying on past growth. The speaker’s account illustrates that revenue can reverse quickly.
• The transcript describes a highly volatile trade; its historical entry and exit points are not a price target or a recommendation to buy now.

Pump.fun (PUMP)

• Pump.fun is used as a comparison for the launchpad trade. At one point, the speaker estimates its circulating market cap at just under $2 billion, its total valuation at just under $4 billion, and its fees at about $1 million per day.
• The speaker says PONS was valued at about one-sixtieth of Pump.fun while generating about one-tenth of its revenue at the time—a comparison he considered attractive.
• Later, the speaker says Pump.fun was generating nearly $70 million per month and using a substantial portion of revenue for buybacks.
• He also describes a period when Pump.fun’s token price fell to about $0.00014, while revenue declined by only roughly 40–50% and subsequently began recovering.

Takeaways

• Compare a protocol’s valuation with the revenue it uses for buybacks, but treat the resulting multiple as dependent on revenue continuing.
• The speaker views a recovering revenue trend alongside a lagging token price as a potential opportunity; the comparison can weaken if revenue or buybacks fall.

Hyperliquid (HYPE)

• The speaker says Hyperliquid generated $65.7 million per month and used 99% of fees to buy back HYPE.
• He describes the token as having fallen from nearly $100 to the mid-$70s, while revenue was only slightly lower and broadly consistent.
• He identifies a possible “swing failure” below a key price level as a potentially bullish technical signal, but says a recovery above the level would need to be observed.

Takeaways

• The speaker’s positive thesis rests on substantial buybacks and relatively steady revenue despite a lower token price.
• Treat the technical pattern as conditional, not a confirmed signal. The transcript does not establish that revenue will remain steady or that the price will recover.

Collector Crypt / CARDS

• The speaker describes Collector Crypt as a Pokémon-themed card-collecting game generating $18.2 million per month and says it buys back its own token, referred to as CARDS.
• He attributes the token’s recent strength to this revenue and buyback activity.

Takeaways

• The discussion presents CARDS as an example of a revenue-producing app with buybacks. Check whether revenue and buybacks persist before relying on that thesis; no valuation or price target is given.

Stonk Fund

• Described as similar to the Robinhood launchpad example, but on Solana, with token buybacks.
• The speaker does not provide a revenue figure, token ticker, valuation, or specific recommendation.

Takeaways

• The example supports the speaker’s broader screening approach, but the transcript does not provide enough specifics to assess its valuation or investment case.

Aerodrome (AERO)

• Aerodrome is mentioned as sharing revenue with users who stake tokens. The speaker does not provide figures or a detailed investment view.

Takeaways

• The transcript identifies revenue sharing as a feature to investigate, but does not establish whether AERO is attractively valued.

Uniswap (UNI)

• Uniswap is listed among protocols that do buybacks. No figures, valuation, or further analysis are provided.

Takeaways

• The mention alone is not a specific buy recommendation. The speaker’s framework would require checking the scale and consistency of buybacks alongside revenue and valuation.

Aave (AAVE)

• Aave is named in a list of protocols being reviewed, without specific revenue, buyback, or valuation details.

Takeaways

• No asset-specific thesis or recommendation is provided in the transcript.

Lighter

• Lighter is mentioned in a list of protocols, but the transcript gives no details about its token, revenue, or buybacks.

Takeaways

• There is not enough information in the discussion to form an investment view.

Other cryptocurrencies mentioned: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Zcash (ZEC)

• These assets are mentioned as tokens that can be traded through the promoted FOMO app. The transcript gives no asset-specific analysis, price targets, or recommendations for them.

Takeaways

• Their inclusion is about platform availability, not an investment thesis.

Revenue-and-buyback screening approach

• The speaker recommends using DeFi Llama to review protocols’ 30-day fees or revenue, then comparing that activity with market capitalization and token buybacks.
• His preferred setup is a protocol with growing revenue and buybacks while its token price is stagnant or falling.
• He notes that higher valuation multiples assume revenue will continue for longer. He also says newer, less-proven tokens have a lower profitability rate than more established altcoins, and recommends avoiding speculative newer tokens.

Takeaways

• Use revenue, buyback activity, and valuation together rather than treating revenue alone as proof of value.
• Monitor changes in fundamentals: the speaker’s PONS example shows that falling revenue led him to reduce and ultimately exit his position.
• FOMO is promoted as the trading venue in the episode, and the speaker discloses that the video is sponsored by FOMO. This is platform promotion, not independent evidence of the platform’s suitability.