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I’m torn on memecoins.

They legitimately feel like a fun new social primitive. Addicting and always something new to talk about with friends.

They’re also a zero sum attention vacuum. I don’t feel good when I pay attention to them.

Memecoins: passing fad or glimpse of the future?

Building /bright-moments - minting onchain art IRL | /purple #15 | FID 129 #magikarp

Rome, Metropolitan City of Rome Capital, Italy

I see memecoins primarily as a speculative instrument to make more money

There are very few memecoins that are more than that (meaning they have cultural impact, etc.), so my guess is these memecoins (e.g. Pepe) will continue to be relevant in the future

After this bull cycle is over, 99,9% of all memecoins will likely go to literal $0

But Pepe and a handful of other memecoins may manage to hold value in years to come