Nat Eliason on Warpcast

Nat Eliason pfp

Already hit the point in the Clanker meta where it’s almost pointless to try to catch the new coin of the day if you don’t have inside knowledge and you should just buy tokenbot instead.

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jp 🎩 pfp

maybe it is time for “coins of the day after” to come back from the dead and surprise

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Nat Eliason pfp

Unlikely to happen, liquidity is lower than it seems and is just moving from yesterdays project to todays. Not worth holding anything unless it seems like it could break out into CT or get a Coinbase listing

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Ray 🎩 pfp

there are a few that have broken out into CT ghffb47yii2rteeyy10op is one of em

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Nat Eliason pfp

Then it dumped 50% as people cashed out to buy BLONDE. BLONDE peaked at 10m today, I suspect 3-5m range tomorrow as the liquidity goes to the next thing. There will be exceptions but this is the name of the game now.

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Ray 🎩 pfp

yes but that is typical memecoin behavior. 50% is pretty mild. the good ones come back after being battle tested like this. $degen was down 90% a few times before running up to make new highs.

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Nat Eliason pfp

Degen launched during a time when there weren't new liquidity sinks launching every could hours though. Had time to build a community, utility, etc.

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Ray 🎩 pfp

with that logic, why did degen drop 90% several times then?

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Nat Eliason pfp

for the reason I just said

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Ray 🎩 pfp

yeah but it doesn't quite actually explain it to me. the reason why it dipped 90% is not because degen had time to build a community and there wasn't a bunch of launches every few hours. truth is, there was but perhaps you weren't in the trenches to really see it. the difference this time, is the trenches have come to farcaster thanks to clanker. memecoins still go through their cycles of 50-90% dips. communities form around the good ones and buy up supply during dips, and then they make new highs.

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