TLDR: Unstable Coin looks good here.
New day, new meta. Creator capital markets have been bubbling away for a few months but seem to have caught fire the past few days. And with it comes more PvP and liquidity moving from most everything to CCM plays except
$PUMP and
$SOL. We are not touching this for a number of reasons and think holding both @pumpdotfun and
@solana are the best ways to play the meta anyways, at least for a fund like Vikara.
This liquidity suck hasn’t spared a token we really like…Unstable Coin (
@usduc_coin). When we first discussed it in our August investor monthly, it was at $0.043. Having pumped to nearly $0.080 in early September, it now sits at around the same price, down nearly 50% from its recent high.
Yet the metrics keep getting better. A comp of our late August write-up versus today:
- Solana Holders: 9,492 vs 11,380 today
- Ethereum Holders: 197 vs 306 today
- X Community Members: 4,300 vs 5,900 today
- X Followers: 8,000 vs 9,125 today
While the Unstable treasury also continues to grow via revenue share through pump.swap.
The team keeps executing:
- Bridge to base built will launch in near future
- Listed on CEXs Kraken and MEXC with Kucoin tweeting Unstable (listing imminent?) with more CEX listings surely to come
Meanwhile, lots of positives for the stablecoin movement so far this month.
- Tether unveiled USA₮, a planned U.S.-regulated, dollar-backed stablecoin
- Paypal is backing Kite, who is building infrastructure for stablecoin payments in agentic commerce
- Crypto infrastructure provider Fireblocks launched a stablecoin payments network with over 40 participants including Circle and Stripe’s Bridge
On the marketing front,
@yishanyugong is making the rounds on pods and spaces. The hard bagworking Unstable team (too many to list) is hosting regular spaces with the first guest crypto OG
@notsofast. Even seeing X rumours of an Unstable stream round the corner.
Memes need motion to become a movement. New eyes who then buy. But you can’t rely just on degens who flip from meta to meta. Stablecoins are a movement we believe transcends all this all given they are ‘the’ use case for now and everyone from the normie to the degen to the Wall Street guy has heard of them.
This is perfect backdrop for Unstable Coin to go higher as it's mission is to flip the market cap of
$USDC which keeps going higher as awareness and adoption grow.
We also continue to believe that larger pools of capital including funds like Vikara know they need meme exposure but are likely concerned about LPs asking why they own a token named after the natural process of releasing gas from the digestive system. Another reason why Unstable Coin makes so much sense and is an easy buy and hold for HNW and insto money.
The link in our original post detailing
$USDUC became unstable (sign?) so we've included a new one below. Full write up in Tokens section starting about 2/3 through the report.
Never, ever financial advice.
vikara.com/vikara-august-202…