There are 5 stages of FOMO in crypto…
Step 1: Your friend Steve tells you about a new crypto narrative.
Step 2: You think it’s stupid so you ignore it.
Step 3: A week later, Steve sends you a selfie from his new yacht. He’s a gazillionaire!
Step 4: You question every life decision you’ve made.
Step 5: You finally do some research and get your “aha!” moment. You become a believer.
It happened with Bitcoin. It happened with DeFi. It happened with NFTs.
Now, it’s happening with… memecoins. And over the last 24 hours, they’ve been leading the crypto rally.
The memecoin market cap is up +10%, while the rest of the crypto market is down -0.2%.
So, why are they pumping? 3 big things happened yesterday…
1/ A trillion-dollar asset manager dropped a report on memecoins
Franklin Templeton is an asset manager with $1.5T in AUM. #BigBaller
Yesterday they dropped a new report called “The Value Between Meme Coins and Their Native Networks.”
