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

‘sniping, bidding up and stagnating’ is the imminent reality of the memecoin as it exists multiplied by the ease of deployment which decreases the chance of building up a community. but if someone is endorsing the token, yeah, it changes the game.

my example: i lost $53k trying to recover $CTO. unfortunately no one casted about it a word although the token is created ‘by Dune’

that is what makes people dump on other people, fear of loss