State of web3

(Almost certainly a scam but lul)

$BOME - Fastest ever to $1B market cap

(From tokens where a non-trivial fraction was sold to the general public, obviously.)

$Bome remaining at a high fraction of that cap to this day, with high liquidity

13.3x cap:liquidity ratio

(Plus big additional liquidity on binance, but which is harder to measure.)

Absolutely legendary.

So how long until $BOME gets unseated from this title?

Days? Years?

Why was $BOME the #1 fastest to 1 Billion ever?

Multiple factors,

But among the top ones was this chart of $SOL price, and $BOME’s 3/14 launch date.

(And this chart doesn’t make it instantly clear to you the incredible timing of BOME, and how that hugely contributed to its record-breaking success, then GTFO of trading or investing and never give anyone advice ever again, ya moron.)

Major coin launches who had previously had been scheduled for today, and who are apparently trying hard to be legit non-rugs, now delaying another 2 weeks.

Trend is your friend.

Now looking like $BEER may not have been a total rug after all,

…despite being promoted by known fraudsters (but fwiw so was 2011 bitcoin)

So, alternate theory,

— Was the beer crash the consequence of what happens when you don’t have multiple deep pullbacks along the way to shake out weak hands, leading to a much bigger dump to eventually happen later on?

Notice how:

+ $BEER had a very unusual, almost a stairstep pattern on almost the whole ramp up, never dumping much

+ Lots of people naturally take a strategy of “I’ll keep holding until it drops ~30% or more, then dump”

+ But with this stairstep movement, nothing to shake out those out along the way

…until finally a ~30%+ shakeout happens, and it’s enormous

Who knows.

i.e.

retardation knows no bounds

Curious to see what will be the actual consequences from this.

Seriously.

Can name half a dozen in both the great and terrible directions.

Absolute state