Last night: Rather predictable sell-on-good-news dump, upon expected FOMC good news, and with Fed rate cut in September odds now skyrocketing to nearly 90%.

Medium-term: Numerous strong signs of an explosive August and September, likely with “China bans Bitcoin” pullbacks along the way, which this cycle seem to be mostly of the “Country dumps Bitcoin” flavor.

Hot markets ahead.

Makes sense.

Eliminating the need to fill the LP pool first, eliminating all need to put down anything of real solid value to bet on a new coin’s success

…is a HORRIBLE idea.

Mofos headed in exactly the opposite direction of where they should be heading.

Liability theory of value.

Edit: they do put down value, but just makememenow does it initially, and turns out their “everyone can create a coin” implication was a big fat lie. Interesting.

Ok, but what initial SOL liquidity that’s put into the pool?

Can already guess that the answer to this question will be something totally insane.

Let’s see.

Ok, so here’s the pool creation transaction for $CTO

— And makenow.meme added ~$15,738.06 worth of SOL themselves?

So obviously makenow.meme is picking and choosing which twitter accounts can invoke launching a token,

and their “lets anyone launch a meme coin” claim is an obvious lie?

Sus af

They do initially keep control over both 100% of the liquidity and 100% of the coin

So in theory they could enable anyone to do it, if they had infinite funds

…Or as long as the ongoing amount they’re making from selling the coins continues to outstrip the $16k needed per coin launch

…which sure seems like a stretch

If it was just ~$200 per launch, then sure, perhaps

But at $16k per launch, nah

So pretty obvious the won’t literally let everyone create a coin with a tweet. hmm

Somehow makememenow is proud of this massive rugging

…Not so healthy of a structuring…

Were the insiders Raydium or makenowmeme?

Makenowmeme sure would be best positioned to insider snipe their own launches.

Absolute state of lucrative desk jobs in the US, and much of the world rn

Been increasingly this way since 2011

If at this point, you’re clueless enough to still think it’s all just a meme, then you deserve all the commie pain that’s coming

They’re jesters

but jesters comically showing the truth

State of web3

Realer than real

Didn’t see it in your workplace?

That’s because the commies only march through the institutions with big money or power first, not yours, ya loser.

Long march.

tbf, scuttling the nukes on the way out, when it was clear the commies would win, was probably a good move