Trenches idiocracy
Down in the on chain trenches, it is pure PvP. Idiocracy abounds, and if you don’t understand how the food chain works, you are the food.
Section
Memecoins, cabals and survival on chain.
Down in the on chain trenches, it is pure PvP. Idiocracy abounds, and if you don’t understand how the food chain works, you are the food.
I had launchpads open, tokens saved, NFT projects I wanted to watch, Bubblemaps supporting the chain immediately and enough people talking about Arc that finding the actual runner was already…
Before Arc became public, native USDC on the chain was already becoming its own little market.
In 2021, the action happened on WallStreetBets with $GME.
If you wait until a ticker hits the top of DEXScreener, you are the exit liquidity.
Paper gains are a fugazi. It’s fairy dust. It doesn’t exist until it hits stablecoins.
Consider this scenario: a trader apes $40k into a project around a $1m market cap.
The most profitable market actors don’t fight liquidity, they engineer it using public visibility:
The market is hot, let’s be honest, it’s possible that the worst of the bear market has already passed, Bitcoin looks strong at $79,000, Ethereum for the first time in a long time is moving well even…
In recent years, the center of almost every success story has had one factor in common, memecoins.
The overpopulation of tokens has created a submarket colloquially called the trenches where attention is the only thing that matters, when something happens, an internet event, something that catches…
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