I always found it funny how much Crypto Twitter yearns for the “good ol’ days of trenching”, instead of adapting and accepting the new paradigm.
As if the trenches going to 0 wasn’t always a certainty?
0 barrier to entry -> millions of meme coins launched daily -> dilution -> fewer runners -> more PTSD -> more ruggers -> -EV
Obvious.
Crypto is one of the greatest technologies mankind has ever seen and these people thought its final end state was going to be anonymous penny stock gambling?
Meme coins aren’t valuable because of “runners”.
They are valuable because they allow for the formation of financially aligned decentralized network states.
They are valuable because incentive structures are aligned in ways that me and some random spanish dude, I’ve never met, can work together to create the greatest fitness ecosystem in the world.
If you can’t see the immense value in that, maybe you shouldn’t be yearning for the trenches to return, you should be yearning for a lobotomy.
$GIGA
some of my biggest life changing wins were on Solana ($TRUMP at 200m being the best)
but the bitter truth is solana will never have those type of runs or days again, at least not if things remain the same.
we now have kids making 10 SOL pnl videos and boasting about it lol, glorifying in/out trading mentality with average hold time being 8 seconds lol.
it was fun while it lasted
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