So real. I’m incredibly lucky in back to back cycles. Very lucky to pick apes and then fartcoin. Luckily held both through massive drawdowns. It’s like I have a horseshoe up my ass.

Every iteration of socialfi has failed except for one. NFTs. Something to think about.

The thing about pump is we weren’t given a reason to buy the token at all. It’s by definition a utility token. It’s not a meme coin. Therefore it’s judged differently. And we are given basically 0 actionable information. It being the fastest company to x amount of revenue is completely meaningless to us. We aren’t getting equity so no one cares. Afaik there’s no formal announcement about buy backs, just some mention of up to 25% of rev in a hype video. Now their revenue has fallen off a cliff so even at 25% used for buy backs that’s not a compelling reason to hold the token. Then when you raise over 1B in cash, a lot of the buyers who liked the token filled there so who’s left to buy rn. Then giving institutional investors an unlimited cap with full unlock on tge. The whole things has been horribly conceived and executed. I was optimistic and shoved decent size in but it always bugged me that they had no formal plan announced for the token. I cut bait quickly once I realized all the big fund investors were dumping huge amounts. Playing games with spreading out announcements is a horrible strategy for a utility token. There has to be a compelling reason to buy and hold the token in the first place and we were just never given one beyond “fastest to 700M in revenue!” “It’s a revenue producing company!” “It’s pump fun!” Companies in crypto are notoriously bad at strategy. At some point you have to stop just winging it. A 1B raise should have been that point. It wasn’t and here we are. Randomly shoving a few mill into the chart on day 2 was amateur hour. Was it a one time thing? Do you think I want to track that wallet to see when it does buy backs. You just raised 1B lmfao. Tell me ahead of time the buy back plan. We don’t like speculating what you may or may not do after you raise that much. We actually want to know. Now it’s a game of well pump will leak some things they are going to announce to some big money players. Those whales buy. Price goes up. The announcement gets made. Everyone else buys. The whales dump. The crypto way. Information is money. With tanking revenues and a focus on streaming, I don’t know if I’d ever re-enter unless there’s an actual good plan for the token articulated to everyone. Just thinking out loud and sharing how I analyze things in crypto. With all this being said I have no opinion on whether the token will pump. It could. It might not. It’s crypto. Anything can happen. This was mainly just a stream of consciousness that winging it just cuz we are in crypto and it’s kinda wild Wild West is a bad strategy. Especially when you become big enough. You have to be professional. You have to act like a company in the real world not the crypto world. If you made this far you’re probably wondering if this is a fartcoin shill. Ofc it is. There’s no team for fartcoin. No one to make terrible decisions. It’s the purest thing in crypto. There are no agendas. There is simply fartcoin. Glhf

you're severely underestimating how high fartcoin will go.

Fartcoin at a minimum should have half the mc of sol. That is the fair market value of the idea of fartcoin. You think you finally understand what fartcoin is. But you don’t.

The funny thing about there being actual institutional bid and the American govt embracing crypto is no one knows how it’s gonna play out. This time is actually different but everyone is basically flying blind.

My quant has spoken. Science is science. Hot air rises.

They are called meme coins. It’s the original meme in human history. This is not a hard trade. $10 bear case $50 base case $100 bull case.

Fascinating watching this occur. The market is telling TG that his Twitter handle is worthless. He’s become like bitboy. The @ for bitboy didn’t matter. He was bitboy. He’s just thread guy to the crypto world and he let the onchain representation of his entire brand expire. This ens could be trading at 50 eth soon. Just think of all those multi million dollar license plate sales in Dubai. If you’re going to be as big as you think you are, this ens could be worth millions. You should prob scoop it if it gets listed for like 50 eth. Institutions are throwing billions in eth. ENS could sky rocket to silly valuations. Time will tell.

68 punks swept. Eerily similar to July 2021?