People are really calling top on memecoin season when BTC hasn't even crossed ATH yetMeme coins are a global shelling point for speculative liquidity

CN
7 months ago

People are really calling top on memecoin season when BTC hasn't even crossed ATH yet

Meme coins are a global shelling point for speculative liquidity. Anyone from any country can access them much more easily than any stock in the world. That's why Doge could rip so much harder than Gamestop. This is a multi month global momentum trade the froth of which you cannot possibly imagine. Total Memecoin market cap last cycle was $100b last cycle, and we usually get multiples on MC highs every cycle

It's not just retail that are coming in, but also HWN traders, hedge funds, etc. Last cycle we saw 11 fig crypto and trad funds enter the doge trade. Elon's family office owned billions. Dogecoin millionaires went on national television, the entire world waited for Elon to mention Doge on SNL and you had Doge lambos in every major city.

Coinbase breaking the other day was just the starting gun, we have a ways to go. Do yourself a favor - check the chart - and step away from the sell button


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