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

One thing that is different from 2021 is its way easier to launch the asset (memes vs nft collections)

So maybe we mature faster and actually very few new tokens reach $1B

Yeah i mean more like long term (next decade +), i think the memecoin asset class grows but individual memecoins get harder to generate outlier returns. Kind of like stocks

For this cycle i think there’s plenty room to cook

retail will create and buy new tokens

a few tokens will be lindy enough to attract some retail interest, but i think pump and clanker are more likely to be the winners of retail flooding in, not individual tokens

When the masses show up, they’ll most likely go toward the next big "meta" trend whatever that is. 

People are always looking for something new. BAYC NFTs were a hit because they offered something new,  a sense of fun, and lets not forget the clubhouse vibe.

The Solana meme is still strong and continues to draw attention, but retail need something new !! A new narrative maybe its  AI who knows?