one of the worst parts of contemporary memecoin trading is the degree to which the launchpad factors into the markets valuation of the underlying coin.
in the case of
$neet traders are obviously holding off on bidding and holding it because it was launched on pumpfun - a launchpad which rightfully is the subject of max hatred and derision by market participants at this time.
I remember last year in the aftermath of the pf Vs bonk war, when people were max bullish on pumpfun, alot of people were bidding neet as a pumpfun leveraged beta, which I think is the most utterly banal way of both playing and valuing pure memes.
neet would be the same coin no matter the chain it is on, it is pure, unique and destined. if you are fading it purely because of the chain it was launched on, then you don't deserve a penny of the upside when it hits a dollar.