Everyday Im $HUSTLE (ing)

Given its proximity to the ticker, I recommend watching Rick Ross’s iconic Hustlin’ music video before reading this article to get your mind right.

Key Insights

• ◆There are about 3 million SOL ($600 million) locked in launchpad liquidity pools, plus billions more in stagnant liquidity for tokens trending to zero. Teams want to migrate for various reasons, but migrating a token requires significant capital and technical expertise.
• ◆Migrate.Fun is a platform for projects to migrate their liquidity pools to new networks. The benefits include creators receiving 100% of the LP rewards, ownership over the LP after the lockup, and control over the metadata.
• ◆The first migration was the platform’s native token - from TNSR to HUSTLE. Overall, 78% of the community opted to migrate their tokens which resulted in 92% of the existing SOL liquidity ported to the new network. 
• ◆The first cohort of projects is set to migrate in early August. All teams will begin their migration on the same day for max virality. Leaks suggest the range of market caps goes up to $75 million including tokens listed on CEXs.
• ◆In our base scenario at a 2.5% fee, Migrate.Fun generates over $500,000. In the Bull and Mega Bull scenarios, platform revenues exceed $1 million and $5 million respectively per year.

History and Problem

Migrate.Fun was born out of necessity. In December 2024, during the peak of the AI‑agent craze, the team launched Tensorium ($TNSR), an AI wallet on Pump.Fun. The token’s market cap quickly surged to $20 million, but as the project scaled, the team encountered several critical issues:

• ◆No access to liquidity-pool rewards
• ◆No control over token supply
• ◆Inability to update the project’s cover image

After reaching out to other teams, they learned that many projects were dealing with these same challenges. Thus, the idea for Migrate.Fun was born.

Enter Migrate.Fun

Migrate.Fun workflow overview

There are about 3 million SOL ($600 million) locked in launchpad liquidity pools, plus billions more in stagnant liquidity for tokens trending to zero. Teams want to migrate for various reasons including LP fee access, supply control, narrative pivot, attention resuscitation, etc., but migrating a token is not easy, as it requires significant capital and technical expertise.

Over the last six months, the Migrate.Fun team has honed the best way to migrate. The high-level process is as follows:

1. ◆Project Setup

The creator goes to Migrate.Fun and inputs basic details about the project, including contract addresses, ticker, liquidity pool details, destination details, and migration parameters.

1. ◆Scenario Analysis

Migrate.Fun returns a detailed migration plan and scenario analysis.

1. ◆Community Notification

The creator notifies the community about the pending migration.

1. ◆Migration Window

The migration window opens for the preset period of time. Community members visit the site and click a button to migrate.

1. ◆Threshold and LP Deployment

Once the threshold is met, the creator deploys the LP on Migrate.Fun (there is a 30 day lockup).

1. ◆Optional Community Rewards 

The creator can run snapshots, airdrops, and other incentives.

1. ◆Swap and Recovery 

All migrated supply is market sold in one candle, and the team recovers the LP to seed the new LP on the destination network. 

Creators receive 100% of the LP rewards, ownership over the LP after the lockup, and unmigrated tokens from the new contract. Note migrations vary slightly depending on the origin and destination.

Feel free to test the migration calculator out yourself.

TNSR → HUSTLE Migration

TNSR to HUSTLE migration tracker

Note, TNSR is not to be confused with the ticker of Tensor the NFT Marketplace.

In May, the HUSTLE team launched a six-week social media campaign announcing the migration from TNSR to HUSTLE. In early-July, the migration window opened for seven days. In the first 24 hours, 51% of the supply migrated; after 72 hours, 60%; and by the end of the week, 78%. 

Once the week ended, all 78% of supply was market sold in one candle, and the team recovered 92% of the SOL in the existing liquidity pool for $140,000, which was 70% of the liquidity they seeded on Raydium. A resounding success.

Migration Math

ChillHouse migration example

On Pump, to have a successful migration, you need roughly 30% of the total supply migrated. If you hit that threshold, you can recover about 75% of the total LP. There are diminishing returns due to the Pump bonding curve, but the math works out to 50% of supply migrated yields 80% of the LP, and 75% migrated yields 90% of the LP.

What’s Next

With the successful in-house HUSTLE migration, the core team is now onboarding external protocols. After spending a few weeks reviewing and refining the process, the first cohort of projects is set to migrate in early August. All these teams will begin their migration on the same date for max virality. Leaks suggest the range of market caps goes up to $75 million with tokens listed on CEXs. 

After the initial cohort(s) successfully migrate, the platform will become permissionless and open to any project. An implication of this is community members beginning to demand more from the core teams and threaten CTOs. The public market game theory is about to go to another level.

Hustle Token Utility and Valuation

The HUSTLE token is the utility token for both Migrate.Fun and Agent Hustle (more on this later). As of July 2025, the HUSTLE token is primarily used in the Agent Hustle terminal, where it pays for premium features, gas, and in the future stake based discounts. However, the core team has hinted that Migrate.Fun will be using platform revenue to buy back HUSTLE and is evaluating ways to further integrate HUSTLE into the platform.

Revenue per project model

Annual revenue scenarios

Using the ChillHouse example from above, we can model out revenue scenarios for the Migrate.Fun platform.

In our base scenario at a 2.5% fee, Migrate.Fun generates over $500,000. In the Bull and Mega Bull scenarios, platform revenues exceed $1 million and $5 million respectively per year. Note, these figures have a wide distribution given the amount and size of projects Migrate.Fun can work with.

Looking ahead, deeper HUSTLE integration (e.g., fee discounts for staking HUSTLE, rewards denominated in HUSTLE, or tiered pricing) will further amplify platform take‑rates and token utility. This analysis does not include the Agent Hustle protocol.

Agent Hustle

Agent Hustle activity is at all-time highs

Agent Hustle is a DeFAI protocol that combines an LLM interface with a full-featured onchain DeFi terminal. Through natural language commands or drag-and-drop workflows, users can automate DeFi actions like token swaps, cross asset management, LP positions, and more. Additionally, the protocol has an alpha tab that has up to date information and data on crypto. I would describe the Agent Hustle protocol as a combination of AIXBT and ORBIT.

Team

The core development team behind Migrate.Fun and Agent Hustle comes from EmblemVault, founded in 2016 by Shannon Code. Shannon is the platform’s founder and lead architect, with crypto experience dating back to 2013. EmblemVault has worked on a variety of projects since its founding, including wrapping BTC NFTs (e.g., Rare Pepe cards) for trading on Ethereum.

The core team consists of Shannon Code (founder and lead architect), CEO Jake Gallen, Product and Strategy lead Chris Devv, and Marketing and Community lead Adam McBride

They are highly responsive and engaged on X, regularly interacting with the community and releasing information. They fit the crypto founder mold.

Conclusion

Given the failure of the Pump token launch and the deflated ecosystem, people want to leave. Migrate.Fun is their gateway out and the timing could not be better. Migrate.Fun enables a fast and easy way for teams and communities to CTO and move their projects to new platforms. The benefits of this for teams include control over the LP rewards, ownership over the LP after the lockup, and ability to control the metadata. Additionally, it brings teams a fresh start with a new narrative and renewed attention – an onchain revival.

The platform will generate revenue for supporting these migrations, with scenarios showing $5 million or more in annual revenue. Additionally, the HUSTLE token is the token of Agent Hustle, a DeFAI protocol hitting all-time highs in activity. 

The core team has been building this protocol for months, and the timing could not be better. Migrate.Fun has a chance to revive the trenches, and be the next meta.