Pain
@painofweb3
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This is how the most succesful memecoins work. They start with a cabal with strong hands, that needs to bring in many buyers, fast. This second wave of buyers needs to be gradual, and loud, and not get dumped on by snippers, making a third wave of people, some of whom are pissed for not being earlier, to FOMO in, while the earlier guys rejoice, as they just exerted mental dominance over others forcing them to buy a yet worthless coin priced in the millions, who then make more buyers to FOMO in, and so on and on, and with the passing of time a tribe forms, and if the tribe manages to keep volume and engagement high, eventually it gets exchanges interested, as they want the trading fees, and once tier 1 exchanges list the memecoin, then the coin finally reaches escape velocity, as the true plebs come in en-masse to buy while onchain holders dump and the cabal goes to buy themselves some houses while the second wave gets lambos and the third wave gets Pateks. Capisce. 0 reply
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