Individual memecoins become more -EV to trade the more the asset class grows

There are inflections points like right now with large liquidity inflows into crypto, where we were here early and it has been easy to just sit on coins and watch the number go up

This was essentially a market inefficiency that we identified ahead of time, and now the gap is being filled

It’s not always going to be like this

this sounds generally correct BUT

a lot of money was made after BAYC launched, at the peak of 2021

however this time around we’re getting all the tokens before retail gets here

so not sure what happens when the masses show up

Thanks for sharing your thoughts. It'll be interesting to see how things unfold when the masses arrive.