good thread, clukz is a goat. couple things to point out and some hopium about the future of memes and on-chain 1. when less ppl are “trenching” the same ppl control the floors usually, as there is less competition for lower entries. there was bundles last year and ppl raping coins as hard as they are now at low mcaps, posting p&ls of making 200 sol at 100k mcap just wasnt as normalized as it is now, so people weren’t aware of it happening as much as they are now but it was still happening. 2. Volume and floors have more impact than “multi-wallets” (point 1.) when there’s cat and dog memes at multiple billions of mcap then people speculate for higher floors on the new pairs, when these memes drop 20x in price then people are looking to get out of memes at the first sign of weakness since they can’t speculate for higher mcaps i.e “this is the next popcat” (for cat memes) or “this is the next sigma” (for TikTok memes) sounds a lot better when popcat is at 2b and sigma is at 160m. these floors were ruined from trump and the following hype launches that made everyone rotate out of them, not “multi wallets” or “too many people being too good at the game” volume is cyclical and only time will tell but as far as I can see we are very close to the bottom or are bottomed out. People are comparing the state of memes to modern day NFTs but NFTs faced a very different problem than memes. In a world where attention spans are getting smaller and everyone wants to make their profit fast or realize their losses fast and move on the concept of waiting months for a nft mint, listing and waiting for someone to buy ur nft just wasn’t cutting it anymore, especially for the new generation. I believe the core problem is not multi wallets or “people being too good at the game” it’s the ceilings on memes. and the people who are “good at the game” realize that the ceilings on memes is very low post-trump, so they sell a lot earlier aswell or at the first sign of weakness. Only time will tell but I believe an extended on-chain bear for memes (6months - 1 year+) is and was needed after Trump for the ceilings to correct themselves again. I think most of the mass-rotation hype coins are behind us now, and nature will slowly heal ceilings with strong believers on the top memes again that bring ceilings up and let people believe in stupid internet memes retiring them again. A rising tide lifts all boats.

good thread, clukz is a goat. couple things to point out and some hopium about the future of memes and on-chain 1. when less ppl are “trenching” the same ppl control the floors usually, as there is less competition for lower entries. there was bundles last year and ppl raping coins as hard as they are now at low mcaps, posting p&ls of making 200 sol at 100k mcap just wasnt as normalized as it is now, so people weren’t aware of it happening as much as they are now but it was still happening. 2. Volume and floors have more impact than “multi-wallets” (point 1.) when there’s cat and dog memes at multiple billions of mcap then people speculate for higher floors on the new pairs, when these memes drop 20x in price then people are looking to get out of memes at the first sign of weakness since they can’t speculate for higher mcaps i.e “this is the next popcat” (for cat memes) or “this is the next sigma” (for TikTok memes) sounds a lot better when popcat is at 2b and sigma is at 160m. these floors were ruined from trump and the following hype launches that made everyone rotate out of them, not “multi wallets” or “too many people being too good at the game” volume is cyclical and only time will tell but as far as I can see we are very close to the bottom or are bottomed out. People are comparing the state of memes to modern day NFTs but NFTs faced a very different problem than memes. In a world where attention spans are getting smaller and everyone wants to make their profit fast or realize their losses fast and move on the concept of waiting months for a nft mint, listing and waiting for someone to buy ur nft just wasn’t cutting it anymore, especially for the new generation. I believe the core problem is not multi wallets or “people being too good at the game” it’s the ceilings on memes. and the people who are “good at the game” realize that the ceilings on memes is very low post-trump, so they sell a lot earlier aswell or at the first sign of weakness. Only time will tell but I believe an extended on-chain bear for memes (6months - 1 year+) is and was needed after Trump for the ceilings to correct themselves again. I think most of the mass-rotation hype coins are behind us now, and nature will slowly heal ceilings with strong believers on the top memes again that bring ceilings up and let people believe in stupid internet memes retiring them again. A rising tide lifts all boats.