The reason price went down 95% is because the biggest whale, who is still the biggest whale, dumped $500K of their $2.5M stack 🤡 🤦‍♂️

token launch was a cabal, ruined an otherwise strong memecoin

https://warpcast.com/martin/0xe4e7f404

salvino sold a ton, he also mostly sold on the way up. you wouldn't bag hold 500k if a token went to 100m, don't lie that you would. 

He still holds a ton, a lot more than he's sold. He was just really early, and higher went up a lot, it is what it is

founder /openventures | /proxyswap | tokenbot @clanker

nice analysis …

looks like the same pattern for pretty much every major Farcaster meme coin (Degen, Hams, etc.)

🎩 first, but I like being part of this experiment that is the Farcaster network. 

highs to absolute lows must have been an even closer range I imagine

since ATH (marketcap) 

Degen is down 87%, Ham is down 91% and Higher is down 70%

Degen went to 1.1 billion - 150m today
Higher went to 100m - 33m today 
Ham went to 14m - 1.1m today

hard to compare assets in such different ranges, but ya all track the same general trend

Patterns repeat. This pattern is across all markets. Take a look at all the US SPACS from early Covid. 

To not understand the pattern and volume profiles is the true crime. 

Hype into realization early into now the prove it stage. Still a long way to go. But yeah. Never h8 the seller. Or your just a blind wagmi baggie. 