Solana DEX volume

(Mid march spike is where BOME launched)

VC makes comically-huge tweet to answer the question “Why are all these low float / high FDV coins down bad?”

According to him, none of these:

1) The VCs/KOLs are dumping on retail

2) Retail is rage quitting these coins and just buying meme coins instead

3) There is too little supply for there to be meaningful price discovery

The answer according to this VC?

“the Middle East, trust me bro”

Jfc bro, how retarded do you think we are?

One of the dumbest giant tweets I’ve ever seen on crypto twitter.

Real reason: the top few platform coins had a pullback, as always happens when MVRV gets too high during bull runs, and all these smaller coins just followed their pullback. Simple, obvious, backtestable. On top of that, the current trend is memecoins, of which none of those coins are.

GTFO with your middle east BS.

Crypto VCs staying retarded as ever.

Dumb af

And he tops it all off with the “everything is complex and multifaceted bro” “nothing can ever have any simple dominant cause bro”nonsense that lying AIs like to use

VCs down bad

Average joe rise up

Memecoin Summer

GOLD

GM

We’re so back

Good for memecoins