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BrokeCoin is a meme-meets-utility cryptocurrency project operating under the ethos of Transparency, Community, and Respect. Formally registered as an LLC in Wyoming, USA, BrokeCoin is building an expansive ecosystem that combines light-hearted spirit of meme culture with real-world crypto utilities—spanning gaming, staking, NFTs, web services, and an e-commerce platform. Brokecoin believes in developing useful and interesting meme-inspired utilities to both service the crypto industry, and generate value for holders.

Brokecoin

$BROKE.X is generating buzz as its community rallies around upcoming milestones like staking and a mobile app launch, with community members actively promoting the project and celebrating its growth. The token's availability on a centralized exchange and recent contest completion are also key talking points. Bullish sentiment is high as the community anticipates further gains and aims for the top trending spot.

its a Meme token and beta to Troll The "Lenny face  is a text-based emoticon, ( ͡° ͜ʖ ͡°), used to convey a range of emotions, particularly mischief, sexual innuendo, or a hidden meaning. It's often employed in online discussions to add a playful or suggestive tone to a message, or sometimes even to spam threads, according to Wikipedia. The symbol is visually interpreted as a face with two eyes (small circles), a nose (squiggly line), and a mouth (curved line).

Lenny

$LENNY.X is trending as a 'cult' coin powered by the iconic Lenny face meme, with the community emphasizing conviction and long-term holding. Discussions highlight the strong community, 'Lennyrgy', and the potential for significant growth within the meme coin landscape. Believers are calling for others to join before the next 'leg up'.

"Shina Inu is a decentralized meme token on the Ethereum blockchain. Its mission is to give back to the crypto community, give to charity, and win the heart of the greatest token of all time, Shiba Inu!   Shina Token is a very fun meme token project that has sold many rare and beautiful NFTs. NFT sales are used to support the team and provide upcoming features such as exclusive access to events and rewards that will soon be announced."

Shina Inu

Shina Inu is trending as the community anticipates a potential breakout, citing bullish chart formations and strong buying energy. Some community members believe SHI is Shiba Inu's girlfriend and will incorporate burns for charity. Others are comparing it to similar tokens and suggesting that it has the potential for significant upside.

Dog (Bitcoin) is a fully decentralized memecoin on the Bitcoin blockchain, backed by a community dedicated to onboarding millions of people to Bitcoin.  Dog is secured by the Bitcoin blockchain and exists on Bitcoin L1, marking a significant innovation compared to Bitcoin with just BTC. Dog is a Bitcoin Runes token with a minimal on-chain footprint, native to Bitcoin, and stored in UTXOs, just like Bitcoin.   What is the project about?  Dog does not do any paid promotion and is fully decentralized just like Bitcoin. Every influencer who chooses to post about Dog either received the airdrop or bought on secondary. Dog leverages the CC0 license to ensure that Dog is not owned by any single entity but rather by everyone. This had lead to the "DOG Army" independently creating art, apps, lotteries, plushies, websites, podcast, magazines, X account, IRL meetups, clothing lines, PFP collections, Telegram groups, and TikTok/Instagram about Dog.  What makes your project unique?  Dog was airdropped in the fairest memecoin launch ever. In early 2024, the Bitcoin Ordinals ecosystem came together in a full volunteer initiative that rewarded early adopters of the Ordinals Protocol. There was no team allocation, and 100% of the supply was airdropped for free. The airdrop algorithm favored neither whales nor influencers; it was determined by the community and made open-source for maximum transparency.

Dog (Bitcoin)

$DOG.X is trending as a Bitcoin-native meme coin, launched via the Runes protocol, and the community is touting its fair distribution and strong ties to the Bitcoin network. Discussions center on its potential to outperform other meme coins and its strong community support, with some predicting significant gains. The coin's unique position within the Bitcoin ecosystem is a key talking point.

This platform is engineered to unlock the full potential of Real-World Assets (RWAs) by bringing them onto the XRP Ledger with unparalleled efficiency. Our purpose is to democratize access to high-value assets by providing a streamlined, end-to-end solution for tokenization. Functionally, we offer tools for asset verification, compliant legal wrapping, and the minting of RWA tokens. The project's core utility is twofold: for asset owners, it unlocks immediate liquidity and access to global capital markets; for investors, it offers fractional, transparent, and liquid access to investment classes like private equity and infrastructure bonds. We leverage the XRPL's native speed and built-in DEX to ensure low-cost transactions and instant settlement, setting a new standard for RWA interoperability and finance.

VOLT

VOLT ($XVM.X) is trending as a potential real-world asset (RWA) coin, drawing comparisons to $XRP.X and $XLM.X. The community is excited about its potential, with many highlighting its low market cap and anticipating significant gains, while also discussing where to purchase it.

The Graph is an indexing protocol and global API for organizing blockchain data and making it easily accessible with GraphQL. Developers can use Graph Explorer to search, find, and publish all the public data they need to build decentralized applications. The Graph Network makes it possible to build serverless dApps that run entirely on public infrastructure.  GRT is the native token of the network that’s used to coordinate work. GRT is an ERC20 token. Node operators, called Indexers, stake and earn GRT for processing queries. Anyone can delegate GRT to Indexers to secure the network and earn rewards. Curators organize data on The Graph by signaling GRT on useful APIs, called subgraphs. Indexers, Delegators, and Curators work together to organize the data for the crypto economy and maintain a useful global API for DeFi and Web3.

The Graph

The Graph is trending as the community discusses its potential within the AI narrative and web3 data infrastructure, with some pointing to its support for Solana and other chains. Technical analysis and price predictions are circulating, while others debate its current performance and future prospects. Community members are weighing whether it's a good time to buy or if the project is underperforming compared to others.

Clippy, the virtual personal assistant from Microsoft Office Applications, makes his way to the Solana blockchain with $CLIPPY

Clippy 

Clippy ($CLIPPY.X) is trending alongside other memecoins, with community members actively discussing its potential for significant gains. Conversations mention a related token, $GASH.X, with some users suggesting coordinated efforts to increase its value, similar to other recent memecoin rallies. The coin was launched on Ethervista, a DEX known for supporting memecoins and using liquidity locks.

Simplifying DeFi through composable on-chain AI agents

BuzzCoin

BuzzCoin is trending as users discuss its availability on different exchanges and speculate about potential listings on major platforms. The community is also sharing links to resources like CoinMarketCap and the official BuzzCoin website. Mentions alongside other cryptocurrencies like XRP and XLM suggest interest in its potential within the broader crypto market.

Melania memes are digital collectibles intended to function as an expression of support for and engagement with the values embodied by the symbol MELANIA

Melania Trump

$MELANIA.X is trending as community members discuss potential catalysts, speculate on price predictions, and analyze wallet activity. Some traders are drawing comparisons to other meme coins associated with the Trump family, while others express concerns about potential scams and insider selling. Overall, the conversation revolves around the coin's potential for growth and the risks associated with its volatility.

Precipio, Inc.is a cancer diagnostics and reagent technology company, which provides diagnostic products and services to the oncology market. Its products include ICP, HemeScreen, and IV-Cell, and services include primary diagnostic, SmartPath, SmartGen, HemeScreen Panel, and ICE COLD-PCR. The company was founded on March 6, 1997 and is headquartered in New Haven, CT.

Precipio Inc

Precipio Inc (PRPO) is trending as investors discuss its potential for significant growth and a possible buyout, fueled by the company's improved financial position and confidence in future capital raises after terminating its ATM instrument. Community members are pointing to the low float and strong financials as indicators that the stock is undervalued, with some anticipating a breakout and potential triple-digit gains. Bullish sentiment is high amid discussions of consolidation, accumulation, and favorable signals from the company, though caution is advised due to thin trading volume.

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Detailed SoFi Earnings Review from the Perspective of a Shareholder: 
 
1. More Financial Metrics 
 
SoFi Bank (owned by SoFi Technologies) posted a 21% GAAP net income margin and an 11.7% return on tangible equity. 
 
2. Balance Sheet: 
 
Balance Sheet 
-- $3.7 billion in cash &amp; equivalents. 
-- $2.9 billion in debt. 
-- Tangible book value per share is now $3.92. 
 
Share count spiked 12% Y/Y as expected via the capital market deals. As a reminder, the impact of those capital market deals is neutral to GAAP profit per share as the dilution is offset by more profits (via reductions in interest expense). 
 
SoFi’s total capital ratio improved from 15.3% to 17.3% Q/Q due to those same aforementioned capital market deals. It does not plan to use this excess capital ratio leeway (regulatory minimum is 10.5%) in 2024 due to macro uncertainty and pessimism. That could quickly change if the backdrop were to brighten. It has $20 billion in annual origination capacity while staying comfortably over its capital ratio requirements. 
 
4. Annual Guidance &amp; Valuation 
 
SoFi slightly raised its implied revenue guidance, which beat estimates by 1.3%. This still assumes -6.5% Y/Y lending growth and 20% Y/Y tech platform growth. That means the raise is coming from financial services. The capital market deals led to its tangible book value guidance rising from +$400 million Y/Y to +$900 million Y/Y. It reiterated adding at least 2.3 million members in 2024 for 30%+ growth. 
 
From a profit point of view, it raised its annual EBITDA guide by 1.7%, which beat estimates by 3.4%. Finally, it boosted its $0.075 GAAP EPS guide by a penny, which beat estimates by $0.015. This is despite the 12% dilution because, again, the capital market deals were neutral to profit per share. 
 
Quarterly guidance was light vs. analyst expectations across the board. Considering the annual raises, I don’t really care. 
 
SoFi trades for 82x 2024 GAAP EPS with Y/Y EPS growth expected to compound at a triple digit clip through 2025. 
 
5. Call, Release &amp; Presentation 
 
a. Lending Demand, Capital Markets and Loan Fair Value: 
 
Lending continues to be held back by its conservative and uncertain macroeconomic outlook. 82% of this revenue is now from net interest income (NII) vs. 62% Y/Y as it continues to lower blended cost of capital and command resilient yields. Fair value loan value drags and lower servicing revenue offset all NII growth, leading to 0% Y/Y growth for the segment. 
 
The borrower and capital market demand for its credit remains robust, but SoFi expects lending to shrink 6.5% Y/Y in 2024 at the midpoint. Leadership was asked about why their stance is remaining so pessimistic in lending. They called it more uncertain than pessimistic and said they have the demand and ample balance sheet capacity/flexibility to lean into originations if things are better than expected.  
 
A key piece of things actually being better is robust capital market demand… and that demand remains promising. The company was able to place about $1.9 billion in total capital market loan sales during the quarter including $1.26 billion in personal loans. The personal loan sales were executed at a robust 5.7% blended gain on sale margin, while student loan sales were conducted at 4.9%. Both of these sale execution levels are comfortably above the respective current fair value markings on its portfolio. Clear sign of markings being accurate. Personal loans are marked at 104.2% vs. 104.9% Q/Q, while student loans are marked at 103.8%, which is stable Q/Q. 
 
For personal loan capital market transactions, the structure was similar to other recent deals. Most of the premium being paid by capital market buyers is within the servicing rights bucket. There’s also the same loss sharing provision that builds in a loss rate buffer beyond expected levels. 
 
b. Fair Value Inputs: 
 
While it says default rate stayed at 4.8% Q/Q, it did actually rise by a few basis points. 
 
Loan Stats: 
-- $15.06 billion in personal loans held for sale at fair value vs. $15.33 billion Q/Q. 
-- $6.83 billion in student loans held for sale at fair value vs. $6.72 billion Q/Q. 
-- Origination volume overall rose by 22% Y/Y.  
-- Personal originations rose by 11% Y/Y, student by 43% and home by 274% (small base &amp; newer product). 
 
c. Credit Health: 
 
The other big piece of SoFi gaining confidence in getting aggressive with lending again is credit health. As we just highlighted, the very small uptick in personal loan default assumption is encouraging; its borrower quality also remains strong: 
 
-- Personal loan average borrower income of $169,000 and average FICO of 746. 
-- Student loan average borrower income of $146,000 and average FICO of 768. 
-- Average depositor FICO of 744. 
 
Its personal loan net charge off (NCO) rate plummeted, but for a specific reason unrelated to improving credit performance. It sold off $62.5 million in late-stage delinquent personal loans during the quarter. This is rare for them, but they were able to realize “positive value from both recovery and servicing value.” This helped NCO. This also greatly reduced the 3% of outstanding loans from borrowers that it would no longer originate in today’s environment. 
 
90-day student loan delinquency rate was stable at 0.13%. For personal loans, it continued to tick up to 0.72% vs. 0.58% Q/Q as expected. While that’s not ideal, the team remains “extremely confident” in life of loan loss rates peaking at 7%-8% for this cycle and not breaching that previously set target. That is great to hear. There are a few reasons for this conviction beyond cross-cycle underwriting experience. First, the recent upward trend we’ve seen in NCO (excluding the delinquent loan sale) is expected to slow materially. This is because SoFi is experiencing higher prepayment rates and demand for shorter term loans. That means front-loaded net charge-offs, and fewer charge-offs later in loan terms. That front-loading has now largely played out. Furthermore, SoFi’s credit vintages since tightening its parameters in Q3 2022 are showing real signs of strengthening: 
 
-- Q1 2023 vintage has 20% better loss rates over 12 months of loan maturation vs. Q3 2022. 
-- Q2 2023 vintage has 20% better loss rates over 9 months of loan maturation vs. Q3 2022. 
-- Q3 2023 vintage has 40% better loss rates over 6 months of loan maturation vs. Q3 2022. 
 
d. Funding Sources, Balance Sheet Optimization and Net Interest Margin (NIM) 
 
NIM fell a bit Q/Q, but expanded 43 bps Y/Y to 5.91%. The team remains highly confident in NIM staying over 5% for the foreseeable future, just like it said last quarter. Cost of funding optimization is an important part of this conviction. The company pockets an added 226 basis points of margin (vs. 219 Q/Q) when shifting from warehouse-funded credit to deposit-funded credit. Using these deposits to fund loans is one of the main perks of having its charter. It added another $3 billion in deposits during the quarter while adding about a quarter billion in total loans to further optimize its funding structure. This allowed it to shed $2.4 billion in warehouse usage during the quarter. 
 
-- 90%+ of deposits are from direct depositors. 
-- 50%+ of SoFi money accounts are setting up direct deposit by day 30. 
-- Still has $3.9 billion in expensive credit to displace between brokered CDs, warehouse credit and revolving credit. 
 
e. Financial Services: 
 
Financial services continued to rapidly grow by 86% Y/Y and 8% sequentially. And as you can see above, contribution margin is exploding higher too. This is despite losing $100 million annually on its credit card and investment products to perfect and scale the offerings. SoFi is now seeing outperforming credit card loss rates and encouraging traction within that product bucket. Leadership told us on the call that it will aggressively pursue growth here in 2024. 
 
Debit spend tripled Y/Y to $1.9 billion to reach $7.5 billion in annualized spending levels. This is the direct result of its high yield savings account and sticky deposit customers inevitably using their deposits in day-to-day life. SoFi money accounts rose 61% Y/Y to keep top-of-funnel for this debit interchange cross-selling humming. SoFi Invest products in circulation rose by just 1% Y/Y, but rose by 24% Y/Y when excluding the impact of closing its crypto business (had to with the bank charter). Annualized monetization per product continued to briskly rise 31% Y/Y to reach $59. That shows strengthening engagement. 
 
f. Tech Platform: 
 
Growth was driven by strong ramps from new customers including a large bank deal signed in Latin America. Demand was again called strong, but we heard nothing more about the proof of concept with a top 5 U.S. bank. 
 
6. Take 
I’m not going to turn sour on a company or a report because the stock price reacted negatively to it. As I said in the preview last weekend, the stock is about as noisy and volatile as they come. But what was the overall takeaway from that preview? That if the signs of profitable compounding and marching to 2026 targets remained clear, I would remain pleased and patient. That is what happened. SoFi the company is executing at a level that makes me happy to wait out the immensely frustrating price action. 
 
This quarter gave me everything I wanted from a fundamental point of view; reiteration of a 7%-8% peak loan loss rate; more outperformance despite a fair value loan drag this quarter; more rapid leverage; more guidance raises; more success. Works for me.

StockTwits Web

Bradley Freeman

SoFi Technologies Inc

@Stockmarketnerd lots of green highlighter for a stock that&#39;s bright red.

Jeoman

Captain Shill

Chad lay

Mr. Pug

@PugzNoDrugs Feel free to double check results vs. expectations for yourself!

@Stockmarketnerd 
Expectation: at least get back to NAV price of $10 after beating earnings expectations quarter after quarter.

Result: the market is convinced it’s just a bank and deserves a -30% price from NAV (or maybe even lower).

But it literally doesn’t matter what you or I think, market sentiment is everything.