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  • šŸ„› Crypto prices: 2 winners. 1 big loser šŸ“Š

šŸ„› Crypto prices: 2 winners. 1 big loser šŸ“Š

PLUS: We haven't seen this since 2020... šŸ‘€

Todayā€™s edition is brought to you by Trezor - stop losing sleep at night and know your digital assets are secure.

GM. This is Milk Road - the crypto newsletter that's so addictive, it should come with a warning label.

Side effects may include uncontrollable bursts of laughter, random ā€œWGMIā€ chants, and saying "Satoshi bless you" when someone sneezes.

Hereā€™s what we got for you today:

  • Market movers: winners & losers šŸ“Š

  • 2 things to watch this week šŸ‘€

  • Google searches for ā€œcryptoā€ have plummeted šŸŖ

Prices as of 10:30 AM ET

MARKET MOVERS: WINNERS & LOSERS šŸ“Š

Crypto prices are hard to keep track of.

One moment, theyā€™re up big. Then you blinkā€¦

And theyā€™re crashing back down.

Lucky for you, the Milk Man has been keeping a close eye on prices over the last week. Here are a few tokens that got his attentionā€¦

Heā€™s got 2 winners and 1 loser.

2 WINNERS

1/ The Sandbox ($SAND) is up 11%

What is it? $SAND is the token that powers the Sandbox metaverse - a virtual world where users can buy/sell digital assets (like land), build cool experiences, and monetize it through a ā€œcreate-and-earnā€ model.

Itā€™s web3 meets Minecraft meets Roblox.

Why itā€™s up: Metaverse tokens have seen an increase over the last week in anticipation of Appleā€™s new VR/AR headset being released later today.

Many people think that Appleā€™s big release could be a catalyst for everything ā€œmetaverseā€ related.

2/ Terra Classic ($LUNC) is up 13%

What is it? $LUNC is the native token for the Terra blockchain. Itā€™s just the rebranded version of the original LUNA token. (R.I.P)

Thatā€™s right, the token that went from being worth $40B+ ā†’ being worth less than the lint in your pocket is quietly making a comebackā€¦

Why itā€™s up: A new upgrade proposal has been submitted - v2.1.0. The changes include:

  • Validators receive a minimum 5% commission as ā€œpromoting fair compensationā€

  • Multichain capability to expand to Cosmos and other blockchains

The proposal still needs to be voted on and approved, but itā€™s drummed up a lot of investorsā€™ attention for the OG project.

Remember - Terra first blew up because of the founder (He-Who-Must-Not-Be-Named) not because of the developers. It looks like the few remaining devs are trying to make a comeback from the dead.

And now, onto theā€¦

1 BIG LOSER

1/ $PEPE is down 20%

What is it? A memecoin on Ethereum.

It launched in April, the price soared, and it kickstarted the latest Memecoin Mania.

Why itā€™s down: The hype behind memecoins has plummeted and lots of the early $PEPE investors have been cashing out on their gains.

In the words of Bill Nye the Science Guy: What goes up, must come down.

There are two things I always keep stashed away:

1/ My crypto

2/ An extra pack of Oreos (ya never know when youā€™ll need it)

I wonā€™t tell you where the Oreos are. But I will tell you where the crypto isā€¦

Trezorā€™s hardware wallets. These are physical devices that keep your private keys and crypto secure. They also give you full control over your assets vs storing it in a centralized exchange.

(Remember - not your keys, not your cheese.)

There are a ton of different hardware wallets - like Trezor, Ledger, and more - so we created a whole guide for you Roadies. Check it out here!

WARNING: Trezorā€™s hardware wallets might make you feel invincible. Side effects include walking with a swagger and bragging about your ā€œsecurity hygieneā€.

2 THINGS TO WATCH THIS WEEK šŸ‘€

We know youā€™re busy people. So guess what? We did you a favorā€¦

We rounded up the 2 most important things you need to keep an eye on this week. (Youā€™re welcome)

Here they are:

1/ Token Unlocks

Last week we talked about why token unlocks are a big deal and why investors need to keep an eye on them.

The TLDR - Where there is a token unlock, there is price volatility. (Milk Road Rule #58)

Well, there are a bunch more happening this week:

  • dYdX (DYDX) is unlocking 6.5M tokens (worth ~$14M)

  • Aptos (APT) is unlocking 4.5M tokens (worth ~$40M)

  • Hop Protocol (HOP) is unlocking 20M tokens (worth ~$1.5M)

  • GMX (GMX) is unlocking $22k worth of tokens per day, starting on June 8th

These projects could have a Rocky Road in the week ahead (and we ainā€™t talking Ben & Jerryā€™s).

2/ Appleā€™s WWDC Event

Today is one of Appleā€™s biggest events for the yearā€¦. drumroll....

WWDC (Worldwide Developers Conference). Itā€™s kinda like EDC - except instead of a festival for music ravers, itā€™s a conference for nerds. And instead of drugs, they get high off new tech product releases.

This year, everyone is waiting for Apple to drop one thing: its new VR/AR headset.

Seriously, I havenā€™t seen people this hyped for a pair of glasses since Juni Cortez was rocking these in Spy Kidsā€¦

So, what does this have to do with crypto? Many investors think the new VR/AR tech could bring attention to metaverse tokens.

In fact, many of these tokens are already going up in price. Check it outā€¦

All eyes will be on Tim Cookā€¦

MILK & COOKIES šŸŖ

Google searches for ā€œcryptoā€ have plummeted to levels we havenā€™t seen in years. It hasnā€™t been this bad since Jake Paul dropped a rap song back in 2020ā€¦

JPMorgan is teaming up with six major Indian banks to test out a new blockchain-based platform. The goal? Enable interbank settlement of U.S. dollar transactions.

Do Kwon gets released after being granted bail in Montenegro. Kwon will be on house arrest and will be closely monitored by the local police.

MILKY MEMES šŸ¤£

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

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