Recently, there's been excitement in the Solana ecosystem, mainly due to the impressive rise of memecoins. We've seen the likes of BOME, SNAP, and today, SLERF is performing well. There have been promising announcements regarding cex adoption, with platforms like Bitget, MEXC, and OKX all joining in. SLERF has already achieved a market capitalization of 400 million in just a few hours. The hype is crazy. Are you holding any?
These days i wouldn't see twitter trending as important signal. It's really thing from the past and unusable for me. It's just crypto bro circle jerk with paid shouts, full of hate and bot invasion unlike we have ever seen. Elon said it would end bots but it's more horrible then ever. I remember when it was fun 10 years ago...I am thinking i am trying binance square or something else next. I was mainly using it for checking crypto stuff, but there are so much better places for that now.
And $587M starting point for the meme coin marketcap that it is when i am writing seems like a bad idea for a meme investment. People make insane profits with meme tokens because they they start with next to nothing in marketcap valuation and they have room to grow. All those buyers from the start that made that huge valuation are just looking for profits tells me meme coins reminds me of these other crashes when people were sure about their profits, they just kept investing the trend until everything started crashing.
I might be early with my prediction but i am seeing all the signs that there's a crash for meme coins coming. That doesn't mean that they die, even though many people are hoping for that. They will probably rise again at some point during in this same bullrun.
