I think this is somewhat true, but def changing/has changed a lot over the last year or two.

Few observations as a CEX trader who trades memes too

Around 80/100 CEX traders I talk to trade memes, but most stick to the memes listed on CEX and have only ever lost money buying memes on Solana. I think 1-2 years ago a much higher % were dismissive of all memes.

CEX traders on average are older, many have been in the space for a number of years and had to suffer for a long time before making good money. They dislike seeing zoomers making 6-7figs on shitcoins and quickly assume there was some shady extractive shit going on.

CEX traders have no idea which memes are culturally significant and have cultish communities. They struggle with intangibles. This may be because they are typically older and not on tiktok etc, or because they haven't spent time in the trenches.

CEX traders I know have been more receptive to memecoins like $DOG (The fractionalized doge nft), or coins that have a real narrative or story behind them. Generally I feel CEX traders are more bullish on provenance coins that the average kid in the trenches trading short term attention

This isn't really my personal view, but some thoughts

added a small utility project cause it looks interesting, will share more in a bit

added a small cap degen utility play - Brume Wallet

my entry is about 800k

Brume Wallet offers seamless cross-chain functionality allowing users to manage their assets across multiple blockchains in one intuitive interface.

- Private eth wallet with Tor
- Won a hackathon (ETH Brno)
- No VC, no grants

not much details, so can be risky, but i think it seems legit tho i haven't tested it out

remember dyor, cause im still reading more into it

chose to share a bit earlier because its green candling fast (does not mean no risk)

0xf938596b738e058f2c70e93f9a0436f1b20ac495

https://x.com/BrumeWallet
https://juicebox.money/v2/p/748?tabid=about

two months later hpos10i

this is gonna blast once it breaks out, esp now with murad loudhailing his thesis

i'm actually quite keen to long eigen here

i feel like sentiment for it is atl rn

i'll start building longs here and assess as we go on

we got’em bros

https://x.com/HawkOfCrypto/status/1842910648776409589

imo popcat trailblazed by reaching 1b without spot listings and it should be the norm moving forward as per my prev post

this should also quell the listing fears that people had for hpos10i due to ticker issues etc.

i'm pretty excited for hpos to breakout and i think it will pull mog levels

+ effectively the first recognisable meme that kicked off the cycle
+ more than a year of consolidation
+ very cultish and the cult is still strong af
+ in murad's top 10 list, which means you have a loudhailer shilling for you
+ one of the most organic memes out there

definitely one to watch

took initials on brume, letting the rest ride and will trim along the way up

likely to rotate all profits into hpos10i

coming out next week (?)

https://fxtwitter.com/Bitcoin_Teddy/status/1763585793660997675

wow very divided almost 50/50

definitely wasn't the case a month or two back

in any case, if popcat flips wif its a full on cat cycle

forget about your dog coins

gonna be a cat-eat-cat world

the result of the market piling into murad's top 2 picks, giga and spx

spx pulled a 30x and people are slamming giga as the next runner

https://x.com/DegenerateNews/status/1842908899147477212

this^

murad becoming a key figure and if i may he is more influential than ansem rn (or soon) because ansem used up his influence during his arc earlier this year

i also see people using "murad's thesis" as a way to shill their lowcaps

honestly mumu is a v frustrating hold and its being outperformed heavily by most other memes

but i would rope if i rotate out after holding it for so long and if fills the wick after

the chart is good, its holding well too

probably pulls a violent pump out of the blue like it did previously

also added some $mini recently

+ impressive chart
+ on murad's list and lagging wrt the rest
+ cat coin
+ volume picking up
+ 6 months old and still around

better to bid breakouts or retests

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