POV: you shorted $ETH

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heh

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Good old nominative determinism

(Not endorsing)

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Throwback to the first of the modern, pure memecoins,

= $PEOPLE, i.e. ConstitutionDAO

Originally a token with a kind of “utility”, until it totally failed at its sole utility, decided to go pure meme

— and then blew up in value far more than it likely ever would have, had it succeeded in its “utility”

And so the modern pure memecoin wave was born,

though it’d have to wait to really take off, as the whole market crashed soon after

— What many forget, memecoins are not really about the memes

Rather they’re about movements, rallying people around a mission.

Movementcoins would be a better name, if it weren’t so long, and yes I’m aware of the double meaning, which makes it even better.

Memecoins are about rallying people.

Why are so many bad at identifying the top memecoins?

Because most are terrible at rallying people, have a terrible sense for what would get the early adopter types hyped up.

Memecoins are about rallying people, bringing together the best early adopters, even if it may not be clear exactly what the cause is yet.

Movements not memes.

(No, dogecoin wasn’t first pure memecoin, as it had mining, and therefore a major plausible utility of being a fallback of last resort, shouud bitcoin ever get hijacked. Not pure meme. Maybe there were other pure memecoins before, but $PEOPLE felt like the first modern one to me.)

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And it’s nearly always the guys with ~0% of their wealth in crypto

What a coincidence

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$SOL ETF

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GM memecoin & altcoin season coming

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Lots of memecoins down hard while awaiting the highly-anticipated $100k $BTC

Wild guess — When there’s a highly-anticipated upward movement of the majors, then all of the money heads to those,

and then only once those are anticipated to be nearing a local top, then do the gains from those head back into the smaller coins & memecoins.

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