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Degens Deteriorating
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Imagine buying $TRUMP and being down 90%

No wait, this is $BTC’s price chart, where it was down 90%

By comparison, $TRUMP is down 76% from its peak

Not quite sure where $TRUMP will eventually go, but… man people these days have no idea what it really means to HODL

(And man, you really probably gotta get in early or not at all on these. Don’t sleep.)

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$SOL dumps back below $200

$197 $SOL

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Pearl Harbor 2.0

Fire up the money printers

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Would bet that the true zero-sum massive capital sink this cycle

— is perpetuals platforms

Those truly sucking up billions to create absolutely nothing, not even communities

The perp platforms aren’t even trading the real underlying coins, it’s all virtual contracts

Pumpfun still bad and badly misconfigured in many ways,

but overlooking the biggest zero-sum capital sink here

Oh and the real altcoin season is still on the way, always AFTER $BTC gets closer to cycle peak

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Billions getting silently swallowed up by the perps platforms now,

much of which likely would’ve gone toward some kind of value-creating investments,

instead now being used for something of true zero value creation, afaik

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Alts performance vs. BTC, measured from BTC cycle bottoms

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