When prices rise, the whole feed is full of bullish hype. When they fall, everyone online quits.
For the past few days, crypto Twitter in both Chinese and English has been full of complaints and wailing.
This pullback has completely drained many people’s morale.
At first, everyone thought the early bull-market retracement wouldn’t be too deep.
But in the end, on-chain tokens broadly crashed by more than 80%.
A lot of people who scan chains full-time have fallen into utter confusion.
Meme coins have entered hell mode.
Launching a token takes no effort, capital is scattered across chains, and everyone’s attention is severely diluted.
Today’s projects have no vision. Devs see no retail buyers ready to jump in, can’t even be bothered to support the price, and just rug at lightning speed.
The lifespan of meme coins has been compressed to almost nothing. Lasting three days makes you one of the best.
Going all in and betting everything on getting rich is ultimately a case of survivorship bias with vanishingly small odds.
The vast majority of players who go all in end up with nothing—or even leave in debt.
$BNB
For the past few days, crypto Twitter in both Chinese and English has been full of complaints and wailing.
This pullback has completely drained many people’s morale.
At first, everyone thought the early bull-market retracement wouldn’t be too deep.
But in the end, on-chain tokens broadly crashed by more than 80%.
A lot of people who scan chains full-time have fallen into utter confusion.
Meme coins have entered hell mode.
Launching a token takes no effort, capital is scattered across chains, and everyone’s attention is severely diluted.
Today’s projects have no vision. Devs see no retail buyers ready to jump in, can’t even be bothered to support the price, and just rug at lightning speed.
The lifespan of meme coins has been compressed to almost nothing. Lasting three days makes you one of the best.
Going all in and betting everything on getting rich is ultimately a case of survivorship bias with vanishingly small odds.
The vast majority of players who go all in end up with nothing—or even leave in debt.
$BNB