farcasterunion

Got some interesting replies, and tried to test some hypothesis with data (other replies were interesting as well, but not tested by me). 🧵
First, @mvr pointed out to zoom out. 
- The downtrend of Jan. and Mar. '25 is part of a larger downtrend that's started on May 22nd, 2024.
- The uptrend from Feb till end May was (imo) driven by the innovation of frames, and degen tipping. Interestingly enough also on May 22nd, 2024 there was the news that Farcaster raised $150M. https://cointelegraph.com/news/degen-token-surges-17-farcaster-raise-150-million The Theory of Contrary Opinion would suggest that such good news is always around the top.