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DeFi Alpha: Play to Airdrop with Pirate Nation

Together with

the-defiant

gm Defiers! Here's today's alpha:

  • Market analysis (chopsolidation)
  • Dispatch from the trenches (LayerZero airdrop, memecoins fizzle)
  • Farm Pirate Nation BOOTY Season 2 for Free

Market Analysis

The summer doldrums continue as crypto markets dropped this week but stayed within the previous week’s range, frustrating traders on both sides.

Bitcoin and ETH slipped around 4%, with BTC set to close the week in a few hours below the key $65,000 support level. This is a warning sign for bulls, and I would like to see that level reclaimed quickly to maintain my short-term bullish bias.

Most of the top 100 digital assets posted losses, with WIF, Notcoin, Starknet and Celestia plummeting 20% or more. Pendle and Tron (TRX) were the only major tokens to post gains over the week.

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