82reggie

Memecoins aren't dead because of hold times or bundles or any of the million conspiracy theories. It's the lack of marginal buyers If a trencher buys 1% of a coin at 100K mc for $1K and the coin somehow goes to 10M Doesn't matter if the coin cures cancer, 99% of lowcap trenchers will mercilessly unload clips if they're up 6 figs In order to offset their sells, you need 100k net new buys at 10M Pair this with nearly no net new buyers in a year, we're out of willing buyers at the higher MC's Pair that with the fact that dudes are obsessed with buying 3, 4, 5, 10% sub 1M... Bonding curves are solved The desire to speculate isn't dead and I'm happy to be proven wrong but until there's a new mechanism, I don't expect ceilings to be broken

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Ye had the biggest streaming day of any rapper this year on Spotify with 57.6M+ streams on March 28th‼️🤯