RE: A Lot Of FOMO Traders Are Becoming Trench Meat 🍖 🥩🙈
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I really hate what most of the meme sector has become but it has also pulled in a lot of crypto.
Seeing a lot of the stuff that was cranked out last cycle was brutal and then seeing a lot of this stuff makes me sick.
They will just take some logo and the same name from previous cycles and launch it again. Recently I saw Kitteh which was something that launched in 2014.
Or someone will just take the Nike logo and launch that. Or just take Dogecoin and launch it on the New Robinhood EVM chain and the stuff will be getting volume for 6 hours and then people hyper rotate to the next garbage.
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That stuff that was happening over on HyperLiquid for a time was pretty crazy.
I never got deep in the trenches on HyperLiquid yet but i can imagine.
It's a strange industry and we keep seeing different evolutions of it. I just remember how projects used to come up with a white paper and try to sound all technical and now with these launch pads memes are being puked out at some insane clip. It would be like a thousand / second across all these ecosystems all over the world. Maybe that is way low. A million / second or something crazy.
Yeah, times have definitely changed quickly!