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https://opensea.io/collection/memes-77
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harris wang
@lumos-why
The current rapid dumping of memecoins on BSC essentially stems from the market's "collective disenchantment" towards meme coins. The market has reached consensus on the following: 1. Building = Pumping the price to dump on the fools 2. Diamond hands = Fools 3. Community = Those who have already bought in, trying to lure newcomers to dump on 4. Shilling = Dump and move on to the next one
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harris wang
@lumos-why
The "hot potato" game can only continue based on "collective fascination" - when people are simultaneously enchanted by certain events or expectations (FOMO), market forces align to push prices up. Unfortunately, memes can no longer "enchant" this market.
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