Base is full of paperhands 🫠

Just buy tokens you like and *hold*

Also people are allowed to exit — that's the whole point of investing! I hate when people try to make others feel bad for selling just because they round-tripped something. Taking profits is a responsible thing to do and is a natural part of an asset's lifecycle: one person sells, another one buys.

?

https://warpcast.com/zinger/0x2f9eb92d

father, husband, css golfer, ux engineer, silently defining variables as /sdv sdv.wtf

Taking profits is good! I'm talking about people who buy in, price goes down a little, and they immediately panic sell. Or ones who make a tiny profit and then just nuke the chart.

/new-york by day 🗽 /latenightcrew by night :) Fan of eating tacos and bringing people together, often at the same time 🌮 oh and /untzuntz 😈

It's all just a numbers game of arbitrage. Lots of this gets automated, sometimes to extreme amounts.

If you can guarantee 0.1% profits 100% of the time, you just have to do it 10000 times to come up 10x on your initial (not counting for gas).

Though most of the human activity is just quickly reallocating funds to a stickier coin. It's all just monetized attention after all.

Doesn't seem to happen as much on other chains 🧐

Sure, programmatic arbs happen on all chains but there's a reason that top Solana coins are orders of magnitude larger. Very few traders seem to have serious conviction in Base memes.

Please say sike.

Otherwise Solana would like to have a word with you.