Last night I came to the realization that I wanted to go see the @Swatch X @AudemarsPiguet collab line with my own eyes, so I decided to head over to Time square and check it out.
What I saw were hundreds of people lined up, for a Pocket Watch that costs $400, with a resale estimate of $1,200-$1,600.
I decided to ask someone on line a few questions, his name was Jeremiah. I first asked how long he and the others around him had been there, he said 4 days. Then my second was if he had ever heard of memecoins, which he said no.
I think this whole collab has been such an obvious example of how detached the outside world is from memecoins in general. These people are willing to wait on line for days at a time in the cold, just to 3-4x $400.
Now the opposite of this, the black sheep would be to just buy the Royal Pop Memecoin, which surged from 30k to 2.5M market cap in just under 2 days, offering a 83x return.
$400 Royal Pop x 3 = $1,200
$400 of Royal Pop Memecoin at 30k Marketcap = $33,000
I know what I’d pick.
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