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Rani pfp
Rani
@4484
my lingering theory is that pumpdotfun and the various derivatives obliterated any chance of bull run to maintain momentum in 2024. sucked in all liquidity that should have went to actual projects, 95% of users lost money to scams, and winners cashed out. completely extractive. "memecoin supercycle" narrative incredibly dumb.
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BrixBountyFarm 🎩
@brixbounty
Counter take continuous unlocks of legit projects (Arb, etc) have soaked up price action as teams struggle to maintain FDV …and the economy doesn’t have the outside forces (stimmy etc) which may have pulled forward demand during the last cycle. Also what new projects this cycle have captured mind share from those outside of the space before the cycle started. Also don’t necc disagree with your take,
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@bias
fml, it’s all true I really hate that this is the truth 😮‍💨
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grant 🌈 🎩 🐸
@grunt.eth
Idk, Whattabout sell in May?
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↑ antaur ツ
@antaur.eth
interesting theory, not outlandish. What were the inflows into those platforms though? I heard that new retail hasn't arrived and the ETF inflows hardly would have made it onto pumpdotfun, no?
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@rue1776
Damn, that makes a ton of sense. What a fkkn bummer for all of us lol
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