Now let’s study the top winners on meme-filled pumpfun
And… wait a minute
Suddenly not 100% “memes”
Suddenly very few of the top ones are just “memes” — and when you look closer, you start to wonder if a single one was actually a case of just a good meme
Look at them,
+ Startup / AI startup type coins $GOAT, $ACT1, $ZEREBRO, $VINE, $JELLYJELLY, $GRIFFAIN, $LMT, $ARC
+ Or spinoffs from the rich startup coins, e.g. $FARTCOIN
+ Movement type coins, that are all about the people and not their flag, $PNUT, $ELON4AFD
+ A few around a viral moment but not at all about the depicted “meme”, which is neither a meme nor recognizable at all, e.g. $UFD
+ A MINORITY exceptions which may actually be meme + huge money insiders getting onboard from the start, e.g. $MOODENG, $MICHI, $CHILLGUY, $WOULD
+ Some which appear to be pure memes, but if you look closer were started by & backed by major rich celebrity VCs, e.g. $PIPPIN
The “meme” in memecoin is a lie
Meme coins are not about the memes
Winners study winners
Losers study losers
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
And… wait a minute
Suddenly not 100% “memes”
Suddenly very few of the top ones are just “memes” — and when you look closer, you start to wonder if a single one was actually a case of just a good meme
Look at them,
+ Startup / AI startup type coins $GOAT, $ACT1, $ZEREBRO, $VINE, $JELLYJELLY, $GRIFFAIN, $LMT, $ARC
+ Or spinoffs from the rich startup coins, e.g. $FARTCOIN
+ Movement type coins, that are all about the people and not their flag, $PNUT, $ELON4AFD
+ A few around a viral moment but not at all about the depicted “meme”, which is neither a meme nor recognizable at all, e.g. $UFD
+ A MINORITY exceptions which may actually be meme + huge money insiders getting onboard from the start, e.g. $MOODENG, $MICHI, $CHILLGUY, $WOULD
+ Some which appear to be pure memes, but if you look closer were started by & backed by major rich celebrity VCs, e.g. $PIPPIN
The “meme” in memecoin is a lie
Meme coins are not about the memes
Winners study winners
Losers study losers
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯7
In memecoins, the reason has to be some arguably-rational expectation-of-future-value-creation reason
— As opposed to “let’s just refuse to sell bro” zero-sum type reason, which does NOT work out well in memecoins at all
Irrationally refusing breaks down in reality, e.g. the MANY ”What if we all held” coins that keep appearing, e.g. this one from yesterday ^
Instead to be some rational expectation of value creation
Note: You do NOT have to AGREE that it’s a good rational future-value-creation reason, just any people with enough money must agree that it is a real rational future-value-creation reason
— Not just zero sum holding and no one ever pulling out… Or zero sum hoping to lure in other suckers on a zero-sum ponzu
Such ponzus can stay alive in other situations, where the ponzu operators enforce restrictions preventing their collapse
But that doesn’t work in memecoins — nothing to stop the “let’s just hold bro” ones from VERY QUICKLY collapsing, which they do
I.e. yes, mechanically, it works out to some not selling
— But the type of REASON as for why they’re not selling is HUGELY important in determining whether the thing will survive long enough to reach huge market caps
E.g. pure ponzu-style let’s just not sell, to attract more people who also won’t sell, and nothing more than that — Very bad reason, works very briefly, but then collapses fast, in memecoins
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
— As opposed to “let’s just refuse to sell bro” zero-sum type reason, which does NOT work out well in memecoins at all
Irrationally refusing breaks down in reality, e.g. the MANY ”What if we all held” coins that keep appearing, e.g. this one from yesterday ^
Instead to be some rational expectation of value creation
Note: You do NOT have to AGREE that it’s a good rational future-value-creation reason, just any people with enough money must agree that it is a real rational future-value-creation reason
— Not just zero sum holding and no one ever pulling out… Or zero sum hoping to lure in other suckers on a zero-sum ponzu
Such ponzus can stay alive in other situations, where the ponzu operators enforce restrictions preventing their collapse
But that doesn’t work in memecoins — nothing to stop the “let’s just hold bro” ones from VERY QUICKLY collapsing, which they do
I.e. yes, mechanically, it works out to some not selling
— But the type of REASON as for why they’re not selling is HUGELY important in determining whether the thing will survive long enough to reach huge market caps
E.g. pure ponzu-style let’s just not sell, to attract more people who also won’t sell, and nothing more than that — Very bad reason, works very briefly, but then collapses fast, in memecoins
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯5
Utility coins are just one of many arguably-rational value-creation options
(As opposed to purely zero-sum, let’s just hold bro.)
E.g. the movement coins, raising money for supporters of a movement, who the rich movement supporters genuinely believe creates net value that will be returned to the people — Note that often only the FIRST major coin of its kind covering a certain people movement works, in these cases.
Endless arguably-value-creating method possibilities,
Though realistically they break down into a few categories being most common general categories
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
(As opposed to purely zero-sum, let’s just hold bro.)
E.g. the movement coins, raising money for supporters of a movement, who the rich movement supporters genuinely believe creates net value that will be returned to the people — Note that often only the FIRST major coin of its kind covering a certain people movement works, in these cases.
Endless arguably-value-creating method possibilities,
Though realistically they break down into a few categories being most common general categories
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯5
DoomPosting
Now let’s study the top winners on meme-filled pumpfun And… wait a minute Suddenly not 100% “memes” Suddenly very few of the top ones are just “memes” — and when you look closer, you start to wonder if a single one was actually a case of just a good meme…
$LUIGI very clearly in the “flag of a people movement” category,
(1) Not funny at all, not to anyone, basically
(2) Not about the thing being depicted at all,
$LUIGI about taking down the evils of insurance and health care, not as much about the one schizo dude himself
$PNUT about taking down the horribly-behaving big state, not so much about the one squirrel itself
$ELON4AFD about the movement and what it stands for and hardly about elon himself,
Etc
Memecoins are not really about the memes
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
(1) Not funny at all, not to anyone, basically
(2) Not about the thing being depicted at all,
$LUIGI about taking down the evils of insurance and health care, not as much about the one schizo dude himself
$PNUT about taking down the horribly-behaving big state, not so much about the one squirrel itself
$ELON4AFD about the movement and what it stands for and hardly about elon himself,
Etc
Memecoins are not really about the memes
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯5
DoomPosting
FWIW, memes are definitely something that should have some humorous nature (First definition says typically, but more accurately to say definitely, and any cases otherwise are simply someone misusing the word meme) Not humorous in any way to anyone — not…
Apparently controversy over the meaning of meme is so common that many of Google’s top suggestions are about this dispute
Probably caused by the dude who coined the word “meme” being a retard and trying to change and shape the word into some meaningless bs over the years, instead of allowing the linguistically useful concept he accidentally discovered take control
Real words are discovered, not invented
No different than Satoshi, who half-incorrectly-discovered the Bitcoin mechanism, coming in and saying we must revert to how he originally coded it
= essentially using cumulative work forward — instead of cumulative work backward
— Which was a HORRIBLE mistake that would instantly destroy Bitcoin if reverted to now, making it instantly cheaply attackable
— No one would accept this “reverting” to that “original” Bitcoin meaning, no matter what the original Bitcoin author wanted
Same with all real words
Just because the dude who half-incorrectly-discovered and coined the thing originally has some retarded idea, doesn’t mean he gets to dictate the meaning
Real words are discovered, not invented
Death of the author
La mort de l'auteur
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Probably caused by the dude who coined the word “meme” being a retard and trying to change and shape the word into some meaningless bs over the years, instead of allowing the linguistically useful concept he accidentally discovered take control
Real words are discovered, not invented
No different than Satoshi, who half-incorrectly-discovered the Bitcoin mechanism, coming in and saying we must revert to how he originally coded it
= essentially using cumulative work forward — instead of cumulative work backward
— Which was a HORRIBLE mistake that would instantly destroy Bitcoin if reverted to now, making it instantly cheaply attackable
— No one would accept this “reverting” to that “original” Bitcoin meaning, no matter what the original Bitcoin author wanted
Same with all real words
Just because the dude who half-incorrectly-discovered and coined the thing originally has some retarded idea, doesn’t mean he gets to dictate the meaning
Real words are discovered, not invented
Death of the author
La mort de l'auteur
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯4
DoomPosting
Apparently controversy over the meaning of meme is so common that many of Google’s top suggestions are about this dispute Probably caused by the dude who coined the word “meme” being a retard and trying to change and shape the word into some meaningless bs…
Guess another way of looking at why people who insist on blending together many different concepts under the single word “meme”
— Is them being just like the retarded primitive tribes, who blended together all color names into just one of: black, white, or red.
I.e. stage 2 primitive retards on the “Color Terms Hierarchy”
Yes, if you insist on blending together words with wildly distinct meanings, even when it wrecks the usefulness of the word for the tasks at hand
— You’re literally being a primitive tribe retard
Basic Color Terms Hierarchy, and the Universality of their Evolution
Words are discovered, not invented
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
— Is them being just like the retarded primitive tribes, who blended together all color names into just one of: black, white, or red.
I.e. stage 2 primitive retards on the “Color Terms Hierarchy”
Yes, if you insist on blending together words with wildly distinct meanings, even when it wrecks the usefulness of the word for the tasks at hand
— You’re literally being a primitive tribe retard
Basic Color Terms Hierarchy, and the Universality of their Evolution
Words are discovered, not invented
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯3🔥1
$GYAT
— Will it survive or collapse?
Influencer dude saying he’s going to try his best, do much more in the future for it
See discussions in the chat
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
— Will it survive or collapse?
Influencer dude saying he’s going to try his best, do much more in the future for it
See discussions in the chat
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀2
DoomPosting
$DOGSHIT2 - Law firm suing Pumpfun made a coin 3 months ago, So now ofc the degens are trying to pump it On the plus side, it does have MSM news potential BUT, bad market conditions pretty bad at the moment for memes Let’s see what happens 🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
$DOGSHIT2 pumpfun-lawsuit lawyer coin back on the rise today
Will MSM eventually pick this up?
Will it send when that happens?
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Will MSM eventually pick this up?
Will it send when that happens?
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀2
TBH, whenever I see any variation of “good meme”
— I immediately think horribly bearish for that coin
If that’s the best first top thing you can think of for the coin,
then the coin is in huge danger
At best, short super-steep spikes that collapse right back down and leave many rekt
Memecoins are not really about the meme
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
— I immediately think horribly bearish for that coin
If that’s the best first top thing you can think of for the coin,
then the coin is in huge danger
At best, short super-steep spikes that collapse right back down and leave many rekt
Memecoins are not really about the meme
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯4
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Savannah, Georgia construction site now has huge “We’re Hiring” truck parked right in the middle of it because all their workers were illegal and are in hiding from ICE and Border Patrol
He says there were all Venezuelans, Colombians and Mexicans
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
He says there were all Venezuelans, Colombians and Mexicans
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀6⚡2😁2