David Furlong
@df
pure memecoins are a pyramid scheme that will collapse as soon as A) the same people keep winning (as this means the average person is losing $ consistently) and B) new buyers entering the system are exhausted (there's a limited amount). A is already happening (KOLs are driving token prices top down) & not sure how much of B is left. History rhymes - exact same thing happened with NFTs.
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gogol on meth (🔵,🔵)
@gogol
But NFTs have some utility (artistic, IP, whatever), the memecoins of this cycle werent even funny, just influenzas low-effort pump and dumps.
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