A REMINDER THAT:

• 60% of all memecoin traders lost money trading memecoins.

• 4.7% made no money.

• 24% made less than $100.

• 11.2% made more than $100.

• 3% made more than $1,000.

• 0.5% made more than $10,000.

• People who have made more than $10K can barely… https://t.co/ADakThjOcX

Kermit 🐸

https://x.com/crypto__kermit/status/1858852191638892664?s=46

Building FOSS via @frames, /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

I wonder what this looks like for DraftKings.

probably similar, although memecoin trading seems to have more big winners (1000x +) so it probably needs more losers to make up for it