1M follower twitter account got hacked

Now keeps posting pumpfun links, rugging them, deleting the tweet, and then posting another

Many such cases

Many

— And this is why it’s always very important to firmly establish provenance

A tweet from the famous person’s account, by itself, often just isn’t strong enough proof of provenance — unless it has a video of them endorsing it or something

Need more

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(A) Pure memes,

Where no one really likes the coin for any reason other than numba-goes-up

— Let’s be honest, would you really still love the meme, if you lost a bunch of money on it?


= Fall back to earth hard, when number stops going up,

because numba-goes-up was all they liked,

so when that dissapears suddenly there’s nothing

When they dump, they dump hard, and often permanently


—vs—

(B) E.g. startup coins, which still have big price volatility,

But when price pulls back it’s not like they suddenly have nothing anymore,

People can still be fanatic about a product or strong movement even if the price tanks for a while

Not just evaporating into literally nothing the moment the price goes down

I.e.

MANY possible reasons the coins could have value,

— But if you’re still investing based on pure memes,

i.e. liking the thing JUST because the price goes up, if you’re being honest with yourself, with literally nothing else redeeming about it

— Then you’re an absolute idiot and there’s no saving you at this point

Memecoins are not really about the memes

They can be about many different things, anti-establishment movements like $PNUT, they can be about startups, they can be about many things, they can be about someone rich or famous not wanting to ruin a reputation that they greatly care about, or not wanting to lose big unhedgeable money that they put on the line

Memecoins can be about MANY different things

— But memecoins are NOT about the memes,

Not just about making the price go up

Or else price instantly crashes down just as hard

0-days old early-stage investing was never about technical analysis, never just about price movement, though that can have some minor role

— This was never the domain where technical analysis reigned

Entirely different type of investment assessment always reigned in this 0-days old domain

Memecoins are not about the price alone

Memecoins are not about the memes

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