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
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
— 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
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯4🙏1
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
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
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
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯5