On memecoins running

“You may be wondering why the hell are memecoins running so hard? Let me tell you a secret: Nobody knows how to price them.

Just like a few years ago most participants didnt know how to price ADA, MATIC and all the other vaporware tech with no actual users, nobody knows the actual valuations of a dog wif a hat or the last zoomer trendy slang.

Market matured in a way though, moving from: "I don't know what I'm doing but XYZ fundamentally good project because tech is complex so price must go up" to "I don't know what the fuck I'm doing but send it anyway".

Basically the market finally accepts the fact nobody knows shit and memecoins having most of the mindshare is how this all translates imo.

A memecoin has no ceiling or floor, you're literally trading culture, attention and emotions at the fastest pace humanity has ever seen.

It's an insanely unique environment for a human when you think about it, definitely not easy to thrive in it but absolutely possible.

At the end of the day we're just playing a game, understand the rules, adapt and always move”.

Link to the original tweet: https://x.com/wronguser000/status/1846574280156323860