A $12T Flood Is Coming For Crypto
- Spot Socials
- 5 hours ago
- 7 min read
Written by Jason Krutzky, Chartered Meme Technician at Spot Trading.
This week was a tricky one in the markets. The majors started off looking weak, and I had the sense that it was time to get defensive, but memes told a different story. Specifically, my feed seemed happier, lighter, and more fun. The trenches were buzzing. This was an interesting signal, and just as I was noticing it, the news hit:
A $12T Flood Is Coming For Crypto.
Yep, you heard right. Twelve trillion dollars that have been locked away in retirement accounts will soon have access to crypto.
Insane.
On this news, strength returned to the majors. By Friday, the big boys were looking quite more constructive, with Ethereum leading the charge. Seems there is indeed more gas in the tank for our beloved coins, and I'm excited to talk about everything I'm seeing below, but first:
WTF is Gorbagana?
The Ibiza Final Boss Changes Lives
How I Fucked Up My Biggest Trade Ever
Tradfi Has An Eye On Memes
4 Clues To My Next Big Buy
In this game, you've got to stay on your toes. Things can change on a dime, and you must be prepared. Let's dig in.
Majors On The Move
$BTC (+3.73%)
Bitcoin keeps looking solid, holding steady for a third week just under its all-time highs. Last weekend gave us that perfect bounce right off the May high, and this week's sharp V-shaped recovery tells me we could make new all-time highs any day now.
You know how much I lean on Anchored VWAPs – they're honestly one of the most reliable tools in my toolkit – and I've got another key one to show you today. We're talking about the Anchored VWAP from that June low.
Sure, we dipped below it briefly last weekend, but the price snapped right back, got tested on Tuesday and Wednesday, held like a champ, and has been cooking ever since.
The real test is where we're sitting right now – around $118.6k. See those bars on the right side of the chart? That's showing you volume at each price level. More volume means more potential pushback. If we can string together some solid closes above this zone over the next few sessions, that's your signal that the sellers have thrown in the towel and price is ready to run higher.
$ETH (+19.90%)
Ethereum is just an absolute monster, but I guess that's what happens when key tradfi analysts parrot $16k price targets on every news channel, every day.
I must admit, it took me a while to see it, but I'm realizing that ETH is the new "normie" coin.
Picture this: you're a younger investor with some cash to deploy, you're in the markets but not glued to charts all day, and you're hunting for that next big play. Right now, every major outlet is basically force-feeding you Ethereum. It's everywhere.
What we're seeing on the chart is pretty definitive, too. We're breaking through March and December 2024 highs, and a proper weekly close or two over those levels is key. From here, I think you want to see the price just keep grinding higher, towards all-time highs. If it fails up here after sweeping all of those highs and drops back below the light green box, that could spell trouble.
$SOL (+10.85%)
Solana was front and center for me this week, and I've got to be honest – I was pretty worried about it. Had this nagging feeling we might be setting up for new monthly lows.
That's why I zeroed in on $175 as the make-or-break level. Get above it? I'd start feeling good about higher prices. Stay stuck below? Yeah, those monthly lows could be coming.
So why $175? Simple – it's last month's 50% level.
Here's the thing you need to get: price is constantly hunting for liquidity, and it finds that juice at the highs and lows.
Stay above July's 50% mark, and suddenly it makes a lot more sense for the price to reach toward new monthly highs above $206.
Drop below that 50% level? Now we're probably headed for new monthly lows under $145.
The fact that we're trading above the all-time high Anchored VWAP is encouraging, but honestly, everything comes down to that $175 line for me. Bullish above, bearish below. It's that straightforward.
Chart Of The Week
$ASSDAQ
Normally, I highlight charts that have already made big moves, but this week I'm switching it up.
After watching $URANUS and $TROLL take off, I'm hunting for setups that look eerily similar. You already know I'm watching $GOR, but $ASSDAQ is checking all the boxes, too.
This thing has a picture-perfect 'cup-and-handle' structure; a rock-solid multi-month base and flagging out right at all-time highs.
It looks loaded and ready to rip. I'm thinking a couple of daily closes above $8m market cap could be the catalyst.
The fact that tradfi guys like JC and Louis are already talking about it (jump to 23 minutes in)... That's just icing on the cake.
This screams accumulation to me. It's one of the most constructive charts I've seen in the lower-cap memecoin space.
At minimum, there's clearly a practiced market maker behind this, which suggests the team behind the coin knows what they're doing. I tried reaching out for some inside intel, but they're staying quiet for now.
Bottom line: I'm watching this one like a hawk, and you should be too.
Cross-Chain Buying Is Effortless On Spot
Before Spot, buying across different blockchains was a nightmare.
First, you'd often need separate wallets on different exchanges. Then, you'd need to know how to bridge tokens between networks, and you better not mess up a transaction somewhere along the way.
It was enough friction to keep most people completely out of these explosive opportunities.
But here's where Spot changes everything: one platform, zero complexity. In one portfolio, you can hold $HYPE, $AERO on Base, and $BOSS on Solana – all bought seamlessly through Spot without jumping between different apps or dealing with bridges.
While everyone else is still trying to figure out how to access these fast-growing altcoins that aren't available on Coinbase, Robinhood, or even Moonshot, Spot users are already positioned in the best plays across every major chain.
Pump Fun Announces Glass Full Foundation
After weeks of berating the Bonk eco and its figureheads for being 'one trick ponies' that 'only know how to throw money at their own coins', all of CT is now cheering Alon & co. for doing the exact same thing.
Pump.fun has established the Glass Full Foundation (GFF) to inject liquidity into promising projects within its ecosystem. The foundation has already deployed $1.69 million to support various tokens, although the specific criteria for selecting these projects and the origin of the funds have not been disclosed.
This strategic move aims to foster growth and stability for community-driven memecoins, helping projects gain traction and enhance their utility. The initiative follows a significant drop in Pump.fun's daily revenue, from over $7 million in January to about $200,000 recently, and comes as rival launchpads like LetsBonk.fun gain ground.
In short, The Launchpad Wars are accelerating
A $12T Flood Is Coming For Crypto
Well, lads. The day has finally come. The floodgates are opening. The boomers are coming for your coins.
The $12T 401(k) market that's been sidelined from our crypto world, stuck in boring assets like the S&P 500 and T-Bills, will soon be able to buy our bags.
In a major policy shift, the Trump administration has introduced new rules that pave the way for alternative assets like cryptocurrency and private equity to be included in 401(k) retirement plans.
This change, long sought by the financial industry, could potentially expose retirement accounts to these higher-risk, higher-reward investments.
The move is framed by supporters as a way to "democratize" investing and give everyday savers access to the same opportunities as wealthy investors, potentially boosting retirement outcomes for millions of Americans.
Literally all they had to do was learn how to use the blockchain, but I guess 'head in the sand' is a position.
Imagine what just a small percentage allocation from this big of a market will do for the total crypto market cap...
In many ways, this will represent a new 'day one' for the entire space, and I, for one, am here for it.
Jupiter Lend Will Revolutionize Memes
If you're looking for the big 'what's next' for memecoins, I think Jupiter is paving the way.
This week, they announced the private beta launch of their new lending protocol, Jupiter Lend, developed in collaboration with Fluid.
The platform is designed to be "Better for Borrowers and Simpler for Lenders," offering features like high loan-to-value ratios (up to 95%), isolated risk vaults, and minimal liquidation penalties.
For lenders, it provides one-click vaults with automated yield optimization. The private beta is starting cautiously with borrow caps of $1 million per vault and a limited set of six initial assets, a deliberate choice to prioritize user safety and gather feedback while multiple security audits are being completed.
The full public launch is scheduled for later in August, and I think that's when my thesis will better take shape.
What is my thesis around Jupiter Lend as it relates to memes, you ask?
I gotchu, dog:
Increased Utility and Legitimacy: Eventually, this will enable memecoins to be used as collateral for loans, giving them a real purpose beyond just trading, which might make people hold onto them longer.
Enhanced Liquidity and Price Stability: Instead of selling, holders might be able to borrow against their memecoins. This means less selling pressure, which can help keep the price more stable.
A New Flywheel for the Jupiter Ecosystem: Jupiter becomes a one-stop shop. You can launch a coin, trade it, and now lend or borrow with it, all in the same place. This makes Jupiter's ecosystem much stronger.
In conclusion, as my good friend Riley likes to say, "The world is moving at Godspeed."
We are on the precipice of the greatest advancements in our lives, and they will only accelerate from here. I'm thrilled to have a front row seat to the action, and I will continue to be your steadfast reporter from the trenches.
HMU if you have any questions, have a killer trade idea, or just want to talk shop. I'm always available at jasonk@spot.dog
