
0xWizard|Aug 31, 2025 04:00
solana ai (meme) This one, I chose Spark, built a position between 12m and 15m, less than 1%.
To be honest, at this point in time, it’s pretty risky. Note that this isn’t the second wave—it’s betting on the first wave of the on-chain trend, because the real wealth effect hasn’t emerged yet to confirm the start of the trend.
At the same time, Spark’s market cap is relatively low, with an FDV currently at only 12m. Be careful not to FOMO.
Now that I’ve mentioned the risks, here are my reasons for building a position:
1️⃣ Narrative
After looking around at the recent FOMO-worthy projects, I picked one that, in my personal opinion, has the most interesting narrative, some originality, and a team that’s still actively making moves.
2️⃣ Accumulation Phase
Previously, it bounced from 14m to around 40m, then dropped back down. It feels like there’s an accumulation zone, but we still need daily candles to confirm. If it breaks below, the risk is it could drop back to 2-3m.
3️⃣ Trend
Personally, I don’t think the overall market is done yet. On-chain and altcoins should see better liquidity in the coming months.
So, in the BN sector, I picked BAS (currently 3x); in the WLFI sector, I picked Block (currently slightly profitable); and in the Solana sector, I picked Spark.
If my trend judgment is wrong, then so be it. This is both an opportunity and a risk.
One more time, I want to emphasize: this doesn’t align with the second-wave theory. This is betting on the first wave of the trend.
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