Today memes collectively chose to lie flat. DOGE +1.6%, SHIB +0.9%, WIF -1.8%. Over the weekend volumes shrank as it churned for two days—there isn’t a single one that’s actually any good.
Where did the money go? It went digging up graves.
$FTT +34%, FTX’s liquidation after bankruptcy has been lying there for nearly two years. Every time the overall market steadies, people bet it might rise again. With 7 million U, they pushed the price straight up. In this kind of market, you don’t need to look at fundamentals—sentiment is enough.
$LUNA +13.8%, same playbook. The orphaned survivors of a crash—no one brings up any technical roadmap anymore. What’s left is all emotion. Emotion is its only fundamental.
$SAGA +44%, number one on today’s gainers list. The two-year-declining modular chain got smashed to the floor. Then suddenly some capital came in to light the fuse, with trading volume reaching 33 million U.
The logic is pretty clear: in a ranging market, nobody wants to take the bag at the high end of popular memes. Instead, funds love to look for "things that are dead through." A zombie reanimating is where the odds are.
BTC 81k, Fear & Greed Index 70—risk appetite isn’t low, it’s just that there’s no direction. In times like this, I might use a small position to poke at zombie charts, but I know this—sure, the corpse can bounce once, but it doesn’t mean it can stand up and walk. If it breaks down, you leave—don’t talk feelings.
Which one are you trying to pump today?
Where did the money go? It went digging up graves.
$FTT +34%, FTX’s liquidation after bankruptcy has been lying there for nearly two years. Every time the overall market steadies, people bet it might rise again. With 7 million U, they pushed the price straight up. In this kind of market, you don’t need to look at fundamentals—sentiment is enough.
$LUNA +13.8%, same playbook. The orphaned survivors of a crash—no one brings up any technical roadmap anymore. What’s left is all emotion. Emotion is its only fundamental.
$SAGA +44%, number one on today’s gainers list. The two-year-declining modular chain got smashed to the floor. Then suddenly some capital came in to light the fuse, with trading volume reaching 33 million U.
The logic is pretty clear: in a ranging market, nobody wants to take the bag at the high end of popular memes. Instead, funds love to look for "things that are dead through." A zombie reanimating is where the odds are.
BTC 81k, Fear & Greed Index 70—risk appetite isn’t low, it’s just that there’s no direction. In times like this, I might use a small position to poke at zombie charts, but I know this—sure, the corpse can bounce once, but it doesn’t mean it can stand up and walk. If it breaks down, you leave—don’t talk feelings.
Which one are you trying to pump today?