As we’ve seen previously in the past few months, most altcoins nuke significantly despite a slight BTC correction. The Trump vs. Musk drama causes the market to dump. However, the impact isn’t as significant as previous market-moving events like the Tariff war.
In this sixth edition of the weekly crypto narratives, we’ll review the previous week, analyze the market, and find some alpha from the crypto community.
This Week’s Contents
- Crypto News Roundup
- Market Update
- Altcoin Pitch Deck
- Alpha and Analysis
1. Crypto News Roundup
The Donald Trump vs Elon Musk drama continues.
Circle launched a successful IPO. The initial stock price is $31 and now sits at $107 (June 9), giving investors more than 3x profit.
Pumpdotfun $1b token sale at $4b valuation puts it as the third biggest ICO in crypto. Only EOS and TON have bigger ICO valuation than Pumpdotfun.
2. Market Update
This week’s winners and losers:
The Fear and Greed Index is still in greed with Bitcoin holding above $100k and altcoins nuking for the past two weeks.
It is still Bitcoin season, and the chart has been in sideways since March 2025. Hopes for the altcoin season were squashed as numbers continue to go down since mid-May 2025.
The Bitcoin dominance chart continues its grind up after a slight correction in the 2nd week of May. Altseason hopefuls may need to put their dream to bed as the market keeps doubling down on BTC.
Furthermore, the altcoin market cap chart (TOTAL3) topped at $940 billion and continues its downtrend. There is a confluence at around the 50 and 100-day EMAs, which also acts as previous resistance. Turning this area into support (around $840b) provides a bullish scenario for altcoins.
3. Altcoins Pitch Deck
Grass as an AI Infrastructure Project
@alpha_pls explains his opinion on why GRASS is an asymmetric bet on decentralized AI infrastructure.
Hyperliquid $120B FDV Potential
@redactedres claims that Hyperliquid’s FDV could reach $120b within one year. Redacted Research argues that this is possible due to Hyperliquid’s all-in-one “everything exchange” model, where the technological stack can cater to various use cases.
Disclaimer: Don’t forget to DYOR (Do Your Own Research), this is not financial advice.
4. Crypto Alpha and Analysis
Prompt for Detailed Crypto Fundamental Analysis
@cryptohoem’s detailed guide for using prompts to create an institutional-grade analysis on crypto projects.
Spotting and Choosing Crypto Narratives Early
@DefiIgnas shares his formula for spotting, selecting, and evaluating crypto narratives early.
8 Airdrops You Need to Pay Attention To
@cryptohoem on eight projects worth paying attention to if you are farming airdrops.
Guide for Evaluating New L1 and L2
@13300RPM presents his detailed guide on how to value new L1 and L2 in the crypto space.
Stablecoin Summer On Its Way?
@TaikiMaeda2 calls for a stablecoin summer after a very successful Circle IPO. He mentions several projects in the stablecoin narrative.
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In addition to trading, Pintu also allows you to learn more about crypto through a wide range of articles on Pintu Academy, updated weekly!
All articles from Pintu Academy are intended for educational purposes only and do not constitute financial advice.