cryptoplaza

67% of traders on pump..fun lose money - and I think its safe to assume this statistic holds across the larger memecoin market. Memes are transient - they are hot for a moment, then are quickly forgotten about and fade into nothing. 

40,000 - 50,000 new memecoins are created every day, all competing against each other in this zero-sum casino. Its a hostile economy where everyone is trying to buy before everyone else, hype the project up so they have some exit liquidity, dump their bags, and then do it all over again.

I won’t be buying any memecoins this cycle. I’ll be investing in assets & projects that have utility, are innovating with new tech, and generate revenue in some way. These are the projects that will still be around 5+ years from now, and these are the projects that will create generational wealth for investors. Not memecoins.

NFA DYOR

Pure Facts 💯💯
Thank you @taylorwebb.eth for enlightening us

Moxie maxi • solidity dev • prev mechanical engr • EVMav#1256 • we all die - the goal isn't to live forever, the goal is to create something that will