Meanwhile, twitter AI is convinced that this animal meme everyone’s obsessing over must be porn
And I mean, yeah, can see why it would think that
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
And I mean, yeah, can see why it would think that
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
🤣7
Why is $MOODENG not quite a BOME-level success?
Other than that $BOME hit $1B+ in just 3 days,
Biggest difference is that —
$MOODENG has very thin liquidity = $300M market cap but just ~$1.8M in SOL liquidity
= ~150x cap-to-reserves-ratio at $300M cap = thinner, harder to cash out without crashing the price
Whereas $BOME had an unusually thick cap-to-reserves-ratio
= ~30x cap-to-reserves-ratio at $300M cap = thicker, can cash out far bigger without crashing the price
How does a coin increase the thickness of this ratio?
Two ways, which anyone can do:
(A) Adding more SOL liquidity at the creation of the pool
(B) Adding more liquidity via addLiquidity, to make it thicker, or do a removeLiquidity to make it thinner.
But there’s a shocking thing you find when you analyze the onchain history of these charts
— Virtually no one does (B), it’s ~100% about (A)!
And it makes sense, incentives-wise, why no one does an addLiquidity post-launch — because on today’s coins it’s considered “bad” for the liquidity not to be “locked” and LP tokens burnt — So no one is incentivized to add more liquidity!
So whatever SOL vs tokens ratio is put in by the creator at the start, is basically the amount the coin is stuck with, especially if LP tokens are burnt, which is almost always the case.
I.e. Locking liquidity, as is usually done, makes it impossible to make the ratio thinner, and though technically anyone could make the pool thicker, doing so effectively means the SOL you deposit is are gone forever, unless you own a massive percentage of tokens = coin stuck at the ratio it starts with.
= biggest difference between $MOODENG and $BOME is that many people could actually hugely cash out of $BOME without dropping the price much,
and this illustrates something very interesting about coin creation that AFAIK no one ever really analyzed in public before.
I.e. $MOODENG reaching $1B means less for crypto than $BOME did, because far less can be cashed out and fed into other memecoins.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Other than that $BOME hit $1B+ in just 3 days,
Biggest difference is that —
$MOODENG has very thin liquidity = $300M market cap but just ~$1.8M in SOL liquidity
= ~150x cap-to-reserves-ratio at $300M cap = thinner, harder to cash out without crashing the price
Whereas $BOME had an unusually thick cap-to-reserves-ratio
= ~30x cap-to-reserves-ratio at $300M cap = thicker, can cash out far bigger without crashing the price
How does a coin increase the thickness of this ratio?
Two ways, which anyone can do:
(A) Adding more SOL liquidity at the creation of the pool
(B) Adding more liquidity via addLiquidity, to make it thicker, or do a removeLiquidity to make it thinner.
But there’s a shocking thing you find when you analyze the onchain history of these charts
— Virtually no one does (B), it’s ~100% about (A)!
And it makes sense, incentives-wise, why no one does an addLiquidity post-launch — because on today’s coins it’s considered “bad” for the liquidity not to be “locked” and LP tokens burnt — So no one is incentivized to add more liquidity!
So whatever SOL vs tokens ratio is put in by the creator at the start, is basically the amount the coin is stuck with, especially if LP tokens are burnt, which is almost always the case.
I.e. Locking liquidity, as is usually done, makes it impossible to make the ratio thinner, and though technically anyone could make the pool thicker, doing so effectively means the SOL you deposit is are gone forever, unless you own a massive percentage of tokens = coin stuck at the ratio it starts with.
= biggest difference between $MOODENG and $BOME is that many people could actually hugely cash out of $BOME without dropping the price much,
and this illustrates something very interesting about coin creation that AFAIK no one ever really analyzed in public before.
I.e. $MOODENG reaching $1B means less for crypto than $BOME did, because far less can be cashed out and fed into other memecoins.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
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