Try as I might I will never understand the idiocy of the people in the trenches
You are never going to make lasting money chasing momentum and following kols to become their exit liquidity.
Yet everyday, that is exactly what people want to do. I can think of half a dozen coins right off the top of my head, two of them I hold decent positions in, where there was tons of volume during the bundle phase, sniper phase, PVP phase...
But as soon as all that shit is over, people leave to go to the next one. Will someone please explain this to me, because it is a huge mystery. Why on Earth would you leave after all the scammers are gone and it's time to start pushing the coin freely?
$Loom should probably be a $100 million coin right now. It is the original name of the Solana blockchain (The blockchain that has become synonymous with meme coins), it was the first token to start paying Sol rewards to its holders. It's top holders are notorious diamond handers. And half of its community is made up of members from the
$Cate community, who happen to be the loudest and hardest bag working community in crypto.
There's no snipers, no bundlers, none of the treacherous kols that are constantly dumping charts on their followers heads...
Yet when I stopped in and checked a little while ago the market cap was only 980k.
Somebody please try to make it make sense...
Then there is
$USDC (unconditional support dog coin).
This one really makes no sense. This is a token with a real world narrative. The US government announced that they were going to issue a series of legal tender coins (meaning you can spend them) based off of working dogs. This token represents the first of those coins.
As soon as it came out it was pvp'd by three other tokens. It won. During that PVP it ran up to about 650k.
When the pump fun PVP didn't win, they had another trick in store: One of their kols had snatched up 6% of the token as soon as it dropped. He waited till about 2:00 in the morning, when most people were asleep, and tried to nuke the chart.
$USDC survived that, barely, and at one point had dropped all the way down to 30k.
Then another pump fun kol flunky (Jack Duvall, who is one of the most scandalous dudes in crypto, and was the second biggest holder) woke up to find his bags depleted and instead of doing a little research to find out what happened, immediately dumped and started bad mouthing
@LaunchOnSF, blaming them and imaginary bots for something one of his PF cronies did.
$USDC survived that.
So you have a token with a real world narrative that is relevant and immediate, and will keep recycling through the news for the next couple years as each new coin is brought out.
It's a reflection token and drops usdc straight into holders wallets from the transaction tax every couple of minutes.
It proved in the first 24 hours that it had over 1,300 diamond handed holders willing to sacrifice their bags before giving into PF shenanigans.
And yet it currently has a market cap of 48k, with minor volume.
Both of these tokens (and there's many more of this caliber) are exactly what trenchers should be looking for. They've already been through the wars, they've already been through the scams, they've already proven they can run, and they're sitting there with clean slates and communities already bonded to them
And yet the trenchers want to follow these scandalous kols around and keep being exit liquidity. It's the same people everyday that I hear in the thesis tabs on fomo crying about Frank or Rasmr or Dopaminefeen dumping on their heads again.
Wake up people. We are approaching the bull run, and you need to think about what you want to do.
I'll leave both cas, and for anyone looking to build or join an honest community, click on the telegram link in my bio and join the group.
$USDC
EtSVEVHfw75944qMeJs8JZKy3TpgU69pTXY78JvduBY1
$LOOM