(This piece of text was born out of my little twitter alpha thread in which I just got tired of adding one tweet after another)

So, if you know nothing about Spacemesh, here are a few things to know:
- Spacemesh team raised $18M (in 2018, btw) from Tier 1 and Tier 2 VCs like Paradigm, Polychain, Coinbase, etc. It just doesn't get better.

- Spacemesh uses Proof-of-Space-over-Time to secure the protocol. In other words, you mine it with your disk space, so it's basically Proof-of-Storage instead of Proof-of-Stake or Proof-of-Work. The same consensus mechanism is used by Chia Network ($200M) - another member of my portfolio and another gem I think you must look into. Why does it matter? It makes it unique and it makes it "eco-friendly" while not making it a security.

- The team is strong.

- the twitter is strong as hell - a project with such attention from big guys has no business sitting at $40M capitalisation. Don't believe me? Find me another sub $100M project with such high twitterscore.

- and what I think is the most important thing - the name and logo are really cool.

Okay, now we are ready to move forward.
Since day one SMH has been mined, and still, not a single coin has been unlocked for the private investors. So all the VCs we saw above still haven't made a single dollar in profit out of their investment into Spacemesh. The unlocks for the VCs will only start in August (the red line).

I read it as there was no point pumping the price before (even though it has pumped pretty well, even considering the recent -80% dump).

Here how SMH was trading in the first couple of months when it got listed on only one tier 3 exchange Safetrade. Please, notice that the price bottomed at 13 cents. Here's an interesting fact for you that no one else will tell you - the price at which the VCs got into SMH is 10 cents.

Ask yourself, why a project with such strong backing chose to list at such low tier CEX? My answer is simple: because they didn't want to attract any undesirable passengers. If the only providers of coins are miners and you want to be the sole holder of the coin, you list the coin on the most god-forgotten exchange which retail fears to touch with a ten-feet pole and just vacuum all the supply alone. That's exactly what was happening up until November - that's when the first pump happened - x30 in matter of weeks. Probably it wasn't something the team expected and actually wanted to happen, actually.

Right after the pump and 50% correction it gets listed on the first tier 2 CEX - BingX. It then dumps another 66%.

One could think "okay, this shit has already pumped, time to move on" and then SMH bottoms at $1 and goes to $7.

Btw, you won't find the full SMH chart on any third-party website (like Coingecko or Coinmarketcap), it's like the team doesn't want anyone to see how it all began. All available charts begin at BingX listing - as though sub $1 prices never existed 💀

2 weeks ago a new era of Spacemesh began: it got listed on more tier 2 exchanges - Kucoin and Gate. Again, if it happened in March I would think they just secured themselves more exit liquidity but when it happens at -80% from ATH and the unlock is still 2 months away I can't view it that way. I think they are building a foundation for something bigger. Remember, BingX isn't supported by TradingView, so for retail SMH looks like a new coin. If they plan to send this shit to the moon to then distribute it on the way down to retail who will be buying at a "discount" from the ATH, they can't do it if the chart is down only. They have to list now to make the uptrend visible to everyone when the correction will begin.


Now let's look at something truly interesting.
Here's Solana chart in comparison to Spacemesh.

Got excited? Relax, it's just wishful thinking, pattern recogntion and confirmation bias tendency, nothing more. Solana chart actually isn't that similar to Spacemesh.

Actual SOL chart from day one:

Actual SMH chart from day one:

Completely different micro cycles, no accumulation in the beggining, second leg up has already happened with the full retracement to the previous lows.

But there are similarities nonetheless:
Mcap of Solana before the "big run" was $56M

Mcap of Spacemesh today is $56M

While the investors aren't exactly the same, the caliber is basically the same:
Can you tell me who is who 🙂?

Solana recieved $43M while Spacemesh recieved $18M.

Then, remember that SOL main growth happened AFTER the major unlock; the first SMH unlock happens in exactly one month's time.

All these things considered I see Spacemesh as one of the best buying opportunity in crypto right now because of the possible manipulation. Keep in mind, the project basically been building in stealth mode until last two weeks and only now it starts to show itself to the world. People who say we can't compare Solana to Spacemesh because Solana has ecosystem, users and dapps while Spacemesh is literally a ghostchain, don't realise that Solana was as dead before the first $10B in capitalisation. Ecosystems emerge BECAUSE the price pumps, not the other way around.