Warpcast

The biggest meta of 2024 has absolutely been memecoins in web3. Some people are fans. Other people aren't. 

What I chose to write about for CoinDesk on this one is that regardless of where you stand on memecoins, they're simply not easy money. Especially easy as the way people are made to believe when they think about trading them.

Unlike other critics of memecoins, I'm absolutely in favor of people trading them as much as they'd like, and I do believe if you're good about them, they do seem like the easiest way to generate large amounts of personal capital very quickly. 

In light of all the high FDV, low float infra tokens that have launched this year at bloated valuations that leave no upside for retail, it only made sense that memecoins would take off. A place where retail could earn double and triple digit on their money in a short period of time.

Cofounder @morphl2 l Consultant UNICEF CryptoFund l VP Foresight Ventures l prev @gitcoin

Thank you. The data proves this, most people lose money. But saying so hurts the narrative and some people don’t like that.