the token that performed best today did not have velocity or pump after launch yesterday

it was sniped, bid up, dumped and stagnated

and then it was memed

coin price in the minutes or hours after launch is relatively insignificant, but users mostly don't seem to think that is true. fascinating to me

founder /openventures | /proxyswap | tokenbot @clanker

the scenario for 95% coins is:

snipooors apes in first
joe public come slowly in via uniswap
coin pumps
snipooors dump
joe public panics dumps at a loss
coin dies

tbh this is the perfect time to start buying (snipooors/ dumpers out) into a coin IF the meme/ community is strong it will pick up momentum.

i’m the dude. i make art. i make memes. but, i don't make money.

market follows the money and right now that’s clankers.

Agreed on later part but mostly Joe public doesn’t bid the random stuff, snipers in and out

We are starting to see a lot more coins run from 100k to 1m, lots of attention on Clanker & Farcaster eco