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Degens Deteriorating
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Over 322K new tokens created on Solana in last 7 days, as memecoin craze heats up

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Always liked the high mutual followers signal, or at least high-quality mutual followers

β€” that is, if you’ve very carefully chosen who you’ve followed

Like a proxy for the β€œnerd heat” signal

What do you guys think will happen?

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Barts from August, September, October

50% drop
15% drop
30% drop
15% drop

In for another tonight?

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$BTC pushing against ATH

$SOL pregamed the surge earlier this week, now looking on skeptically, waiting to see what $BTC does next

Meme market amplifying the short-term hype or fear even more, now skeptically watching for what $SOL does next, receding a good bit in the past 2 days, though if the majors break out, could very quickly make those losses all back and more

All on you $BTC

β€” That reminds me, no good memecoin overall chart really exists. At least none where you have any clue what it really means. Suppose I should make that soon.

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Coingecko does have some kind of memecoin market charts

β€” But zero idea of what this actually represents, no explanation anywhere

More than likely extremely heavily-weighted toward the top few memecoins, i.e. in the β€œmiddle” of the crypto market in riskiness & market cap.

β€” Which can drastically differ from the new upcoming memecoins at the β€œbottom” of the market.

TBH though who cares about the middle. Top is safest. Bottom has biggest ROI potential. Midde is best at nothing.

Need a chart for that upcoming β€œbottom” of the meme market.

Maybe I’ll make that tonight, using the price data on all ~50k pumpfun coins ever launched that I’d made code to gather the other day.

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