Good to see some utility on Solana in this bloodbath my lords.
Don’t have a whole pile of info & was only alerted through Toly’s RT but $MEDDY chart looking good, will ape heavier if details come out on what they’ll do with the token. Burn or dump?
Was too demoralized by my bag of day in $WHACKT to really lump it.
The only reason to buy a memecoin is ultimately to trade it, in the hope of making a profit.
You can say you get to be “part of a community”, but it’s still reliant on other people investing in the hopes of cashing out higher.
With utility plays, the tokens MUST be bought for a use in a project. This is true PvE. No longer are you competing against other traders.
The problem is that so far, there have only been a handful of quality utility projects where the token needs to actually be bought for the project to work.
This is the next logical step in the market, after the recent shitshows we've seen.
And - we all have the same general train of thought as to why this is.
However, one key reason for this is that there are pretty much zero solid bets on Solana right now, because every "builder" has focused on developing garbage.
Memes explicitly have no intrinsic value & are fine to speculate on but when shit hits the fan in the market (as we are seeing now) - they will revert to stables.
Can somebody tell me where the next buy for Popcat or WIF is coming from? No.
The market is CRYING out for something solid, this will be the next leg of the bull cycle.
The liquidity has been badly sucked out of the market over the past while & every launch I've been aping has left me rekt.
The last couple of days I've pivoted to scoping out the cults which have bottomed. Been using @Unit01Trading to do this, to see any cabals adding & also to track the diamond hodlers.
On top of this advanced analysis for cults & long-term holds, I caught $LUX at a 140k mc due to the wallets aping via Unit01 (although I fully exited at $8m 🫠)
With 15 tools in one place, it's a lot better than scanning GMGN, Neo BullX & then aping off a Trojan. Split seconds can cost thousands when trading as we all know - definitely see Unit01 being an essential tool for the smart wallets in 2025 ⚡️
Are we at Euphoria or Hope stage right now in the crypto cycle?
While the crypto market is definitely euphoric after the $Trump memecoin, the bears are out there calling it a top 🌚
However, Trump's Crypto Czar David Sacks has just publicly stated that the reign of terror against crypto is over - and innovation in America for crypto has just begun.
The market has just been validated & while crypto bros are certainly at euphoric stage - the macro market might just be at hope.
It's illogical to think the most powerful man in America officially validating crypto is a top signal.