@doodles Has this launch or when will you launch because there’s a doodle corn ready on Solana and people are wondering if it’s real or not please let’s us know
@ColdBloodShill Completely agree with you the crypto world has completely gone to shit so many rug posts so many people losing money I’m making money but I feel bad about it. I’ve made over $2 million and I don’t understand it
Exchange listings used to mean something.
A large exchange listing was seen as a Stamp of approval, it added authenticity - which is why it was always bullish for price and why people wanted to see it.
Exchanges have done almost no innovating in the last 12 months, instead focusing on listing dogshit in the quickest time possible.
It’s time for something new.
The memecoin environment is so aggressive and a complete money shitpit right now.
Of course this has always been the case, but the current environment has arguably never been worse.
1. We used to have established majors for memecoins
2. Lifespan was relatively long but shortened over time
3. Lifespan went from a couple of years to a couple of months to a couple of days, and now we're looking at a couple of hours
4. The market is in "it pumped over 25 seconds, sell the bag" mode
This all changed and is exemplified for me on the listing of CHILLGUY.
CHILLGUY had 12 days of price action onchain before Binance listed it.
It was the last major memecoin mover I remember with ACTUAL onchain price action resiliency and social input before it was listed.
Fastforward to January and it took Binance a little over 24 hours to list VINE from launching onchain to perps being active.
No surprise what happened to the price action as a result.
The gold rush of exchanges looking to provide these coins quickly to their audience is harming the environment for everyone.
Onchain coins have no price action to be able to develop
Social channels are killed immediately because price dumps
Communities only form because hodl'ers are now in panic mode
Exchanges will end up with a ton of no volume perps markets that will be delisted within 6 months
The participants naturally want to get long because you've seen huge gains, people making money on chain and so when it comes to exchange listed the mindset is very much long focused
Exchanges are listing these things aggressively to provide for their audience, but it's all just a money grab and fight for listing some of the biggest dogshit and harmful coins.
They are literally stacking their exchanges with shit to give you 24 hours of trading enjoyment before no one cares about it again.
The environment for memecoins is more aggressive than ever, it has lower odds than ever, and instead of isolating things to onchain and encouraging projects to launch and to develop we're in a time where listing as quickly as possible to "help" the end user is the priority.
You aren't helping anything.
You're listing dogshit to make a quick $.
You're harming the end user by giving them access to this with leverage and acting as though you're pushing the boundaries for centralised exchange offerings.
It's all shit and it needs a major overhaul.
Stop listing rapidly, let things exist onchain for longer, stop pretending it's anything more than a money grab.
TLDR Fuck these rapid exchange listings and onchain deaths.
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