KOLmarkets
11 posts
1 - More and more onchain drillers
2 - A lot of people got literally stoned past two years
3 - Low liquidity market
4 - The effort needed to pump a coin from 100k to 500k+ is insane (comparing 0 to 50k)
5 - Very very few communities work for their bags
We live the trenches we deserve.
Frank@frankdegods
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
English
@frankdegods frank what's your thoughts on the lack of bagworking these days compared how it was?
English
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
English
