David Furlong
@df
pure memecoins are a pyramid scheme that will collapse as soon as A) the same people keep winning (as this means the average person is losing $ consistently) and B) new buyers entering the system are exhausted (there's a limited amount). A is already happening (KOLs are driving token prices top down) & not sure how much of B is left. History rhymes - exact same thing happened with NFTs.
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Reeeny
@reeeny
It also depends what the community makes of it. I try to release a weekly collection on Drip.haus for /howdy as a community member, others produce content etc. But ofc you are right...I am a bag holder for many that took a profit on my neck.
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