Update on my thoughts about memes
1. Big coins and rb chain have been hyped for a month, and market sentiment has already been stirred up. Riding the lively atmosphere, memes will also have trading opportunities.
2. Big coins are talking about new narratives. Since Solana has no new stories to tell, the capital on it can only trade memes. After this round of Solana meme speculation is over, you can treat Solana as the end of mid-cycle narrative and liquidity.
3. Meme in the crypto-stock sector is still worth paying attention to—for example, Robinhood’s chain pegged to Nvidia’s AI, or pengu, a crypto-stock meme that’s causing trouble in the US stock market. Every bull market brings the launch of a new way to issue assets, and this time is no exception.
4. There are simply too many memes. It’s challenging aesthetics, and you need to balance certainty with risk-reward. But one thing is certain: those that can run ahead first generally won’t be bad. Take mubarak as an example—at least there’s still a chance to double again from a recent low after a drawdown.