A few thoughts on how the Apes market is going to play out and how it’s evolving.

The relative strenght of Apes this month has been nothing short of insane. We are back at pre ~150k airdrop levels, on top of a 50% run in usd for ETH. We just hit usd ath. Wild. Everyone trying

to fud you out of your monke “cause they care” pre $APE drop, then post $APE drop, then pre $ETH run, then after the run, before/after the MAYC drop, they all got rekt. Thing is, nobody has a fucking clue. Including me ofc, especially me. Hence why it’s important for you to know

how, why and on what time horizon you are “framing” your trades ffs.

Back to the Ape market. What we are seeing right now is a “run to forverapes” and a “run to commercial rights”. That’s imho the first catalyst for this strenght. With almost 7000 unique owners, and with loyal

committed holders that got gifted a liquid exit if they want it with $APE, less and less of these are moving. Ever. There’s just no fucking apes in the books! And so now, after the “quantity” event out of the way with the $ape drop, people are and will continue to go back to

aesthetics and rarity and IP deal-ready monkes. That’s the second catalyst, and basically an untapped market yet.

More and more I am getting pinged daily to license my apes: wine bottles, tv shows, even an airlane company 😂 Plus of course merch with @wearapesthetics. This

trend will just accelerate from here, and will bring insane returns that will dwarf the $ape drop for a few competent and lucky owners. The more apes embed themselves in pop culture, the stronger this economic and cultural element will become. Plus there’s a bunch of projects

that have been cooking for months and are about to hit the shelves and compound on that: @jenkinsthevalet book, @ApeInProd, Jimmy’s musical band with Universal and oh so much more. Next.

The “store of value” narrative compounds on itself every succesful months, providing

an interest producing ETH usd value hedge to the market. This is very very powerful. And a good segway to the final element of the puzzle: value accrual. As we go forward, Staking will be finalized and approved and render these assets productive of a ~30/40% yeld per year.

That’s about 150K per year at current floor valuations and $APE price. There are a TON of variables at play here, so this is as ballpark and as in flux as it gets. On top of that, we know @yugalabs knows ho to redirect value to the community like no others, so we can assume that

we’ll keep getting airdrops, exclusives, and possibly some land on top of that for even more extra liquid value.
Apes at this point have entered the cultural zeitgest and are unlikely to leave that anytime soon, as well as doubling as some indirect “share” to the strongest Web3

brand the world has ever seen. That’s as powerful a combo as you can get in the space, risk-adjusted.

This is also a good time for the monthly reminder that nothing I say is financial advice, that I’m just a degenerate sharing his brain farts, and that if you ever follow a jpg

monkey for financial advice you should go back to point 2 and ask yourself wtf it is that you’re doing in the space lol.

I am so fucking stoked for the “Otherside” and the entire month of April, and the Land drop in particular. No one has built a metaverse I actually want to