USDCBULL1 @usdcbull1
USDC BULL USDC Dominance to 40% Pronouns: Stable / Buck Joined March 2022-
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Memecoins are a great pysop to increase $USDC price vs other coins. Creates more buckets than there is water, which leads to nothing being able to sustain a pump after a while... Which means you all get scared and sell for $USDC.
Memecoins are a great pysop to increase $USDC price vs other coins. Creates more buckets than there is water, which leads to nothing being able to sustain a pump after a while... Which means you all get scared and sell for $USDC.
Pretending to like "the tech" = Big game hunting, you are luring in the next generation of wealthy boomer exit liquidity Pretending the memes are funny = playing winner keeps all russian roulette with your impoverished Gen-Z friends. Pathetic.
@setanimals @CryptoEthan nah i think you underestimate the need for a fugazi narrative that justifies their buys xrp replaces swift is powerful bait funny dog coin is not
This is unironically completely correct, also why I believe this will be an abbreviated cycle, the veil has completely come off and people aren’t even pretending there’s real value in “web3” anymore
This is unironically completely correct, also why I believe this will be an abbreviated cycle, the veil has completely come off and people aren’t even pretending there’s real value in “web3” anymore
For too long, most of the media has treated all of crypto as one. Good to see more mainstream coverage that exposes some of the vaporware.
For too long, most of the media has treated all of crypto as one. Good to see more mainstream coverage that exposes some of the vaporware.
IMO memecoins are destroying crypto. I still maintain the opinion that memecoins are a net negative to this space. They are disinteresting from a technical perspective and don't offer anything other than a pure ponzi. They are predatory in nature and usually create a market…
fyi, about to save the market
Most memecoiners soon
This rings true more than ever. People are looking back expecting the same result from 2017/21 but the market has changed drastically and that isn't possible anymore.
This rings true more than ever. People are looking back expecting the same result from 2017/21 but the market has changed drastically and that isn't possible anymore.
The comments here are hilarious. Seems like a lot of people still think a 2021 style bullmarket is possible. It's not. Too many alts. If your memecoin didn't "moon" yet, it's not going to. So many people in this thread I have 0 mutuals with. Very interesting.
The comments here are hilarious. Seems like a lot of people still think a 2021 style bullmarket is possible. It's not. Too many alts. If your memecoin didn't "moon" yet, it's not going to. So many people in this thread I have 0 mutuals with. Very interesting.
No we shouldn't. When you buy a memecoin, you aren't actually buying the meme. Your memecoin can still go to zero even if the meme it's attached to does well. There are tons of $PEPE coins that went to zero despite pepe being a popular meme.
No we shouldn't. When you buy a memecoin, you aren't actually buying the meme. Your memecoin can still go to zero even if the meme it's attached to does well. There are tons of $PEPE coins that went to zero despite pepe being a popular meme.
Come to daddy :) $USDC🔥🚀
the new meme was USDC.
most memecoins have more unlocked insider tokens waiting to be dumped than traditional vc scam coins, with infinitely less incentive to hold the price up send tweet
most memecoins have more unlocked insider tokens waiting to be dumped than traditional vc scam coins, with infinitely less incentive to hold the price up send tweet
Crypto is the most pathetic market tbh. Most of the participants think of themselves as gigachad risk takers but at the first sign of trouble they panic sell their entire stack. Boomers are the true chads. Stonk market was the real zhupercycle.
They all come crawling back.
Because they want you trading memecoins and scams. It's peak consoomerism, they don't want crypto to challenge the current financial system, they just want it to be a thing where you simp for influencers. Memecoins are a psyop
Because they want you trading memecoins and scams. It's peak consoomerism, they don't want crypto to challenge the current financial system, they just want it to be a thing where you simp for influencers. Memecoins are a psyop
grown men logging on every day this week to simp for a man theyve never met 😭😭😭
very relevant in light of the newest wave of meat riding
very relevant in light of the newest wave of meat riding
influencer extractable value strikes again
influencer extractable value strikes again
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@adamscochran Now we know who the infinite 4k seller was 🧐 if only you knew Gary was about to try to declare eth a security
Awesome to see Stripe getting back into the crypto payments game! It seems like they'll start off by supporting Ethereum mainnet, Polygon PoS and Solana. I bet they'll quickly add L2 support with Base being at the forefront as imo Base is the perfect payments layer for USDC.
@setanimals @CryptoEthan nah i think you underestimate the need for a fugazi narrative that justifies their buys xrp replaces swift is powerful bait funny dog coin is not
@setanimals I don’t think that’s true, look at every single non-native retail buyer of any non-meme token, they’ll all tell you about the “fundamentals” of their chosen coin, LINK ADA XRP HBAR ICP some prime examples
This is unironically completely correct, also why I believe this will be an abbreviated cycle, the veil has completely come off and people aren’t even pretending there’s real value in “web3” anymore
Memecoins are making people realize nearly all of the “tech” in crypto is a smokescreen designed to sell you a token that does nothing marked up 100x from the private round This is why VC’s don’t like memecoins - it threatens their core business, selling vapor
Even Forbes knows these things are duds, yet I still see clueless corpos dabbling with them.
Forbes research published a list of 20 crypto billion-dollar zombies. These are L1s with high valuation but "are unproven and have little utility other than for speculative crypto trading." Notable mentions: $STX, $ICP, $FTM, $ADA, $EOS...
Cardano trades solely based on the popularity of the creator, Charles Hoskinson. "He claimed to have dropped out of a math Ph.D. program at the University of Colorado, Boulder, but the school says Hoskinson was an undergrad who didn’t complete his degree."
"Algorand, which has a market cap of $2 billion and $500 million in its treasury. Once regarded as an “Ethereum killer” because of its reported ability to process 7,500 transactions per second, it brought in only $63,000 in blockchain transaction fees in 2023."
"Tezos raised $230 million in a 2017 initial coin offering (ICO), and the current market capitalization for its XTZ token is $1.2 billion." Tezos "$5,640 was earned in February 2024 and $177,653 for all of 2023. "Tezos has $700 million in its treasury"
"Ethereum Classic (ETC) holds the unique distinction that it actually is the original Ethereum chain. [...] Ethereum Classic has a market value of $4.6 billion but generated fees of less than $41,000 in 2023."
Some fun quotes: "Ripple Labs is a crypto zombie. Its XRP tokens continue to trade actively, some $2 billion worth per day, but to no purpose other than speculation"
Forbes research published a list of 20 crypto billion-dollar zombies. These are L1s with high valuation but "are unproven and have little utility other than for speculative crypto trading." Notable mentions: $STX, $ICP, $FTM, $ADA, $EOS...
@functi0nZer0 I’ll be honest, you seem like an aimbot+wallhacker
You wouldn't last an hour in the asylum where they raised me
in case it wasn't clear, @coinbase is going to MASSIVELY push stable value transfers on @base via USDC this cycle and try to grow it into something which could legit rival the legacy payment processors and it will help provide crypto with a new set of "productive" use cases…
What if pizza worked like money? You’d probably lose your appetite. Crypto moves money (and pizza) forward. coinbase.com/updatethesystem
BTW obviously this post has a lot of angry people quote tweeting me because: 1. They are the high IQs and they don't like me exposing their grift 2. They have succumbed to financial nihilism and generally just think the space is fucked so they've turned so pessimistic they…
IMO memecoins are destroying crypto. I still maintain the opinion that memecoins are a net negative to this space. They are disinteresting from a technical perspective and don't offer anything other than a pure ponzi. They are predatory in nature and usually create a market…
ignoring the incrddibly naive take that meme coins are fairly distributed (lol) "meme coins are good scams because other scams exist" idk, man, just admit they're scammy ponzis init
cope and seethe idiots @a16z, people are tired of your technical coins that you buy at private rounds and launch at 10b FDV. You know what undermines crypto? Non-fair distributions. The reason we like crypto is because it is permissionless and doesn't care how regulators see…
If you ask most ppl anywhere in the world, they will say that they'd love to find a way to earn on their savings or "make their money work" for them. It's just that most ppl don't really have savings. But those that do would certainly benefit from more open financial tools.
Memecoin discourse continues until we converge on the harrowing realization that 99% of the world does not need sophisticated financial tooling, they need a way to save and earn in a money that cannot be debased by central banks. (I am the 1% that’s good at trading perps btw)
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