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infinitybanyan
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what happened here? $dis
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infinitybanyan
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aaaand fartcoin somehow back above $1, lmao p funny in light of recent events and mkt movement
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I think Elon took his job and mandate at DOGE seriously, and was likely met with resistance or dismissal, i.e he was used as a facade for Americans to get excited over change, which, as we’re all seeing given this admin’s lackluster impact on anything promised (even going the opp way wrt spending) was never really going to materialize.
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You either make it as a shitcoiner or live long enough to see yourself become a bitcoin maxi
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In thinking about it, 0% chance pump fun raises the full $1B. Business and metrics aside VC are going to ask, “what for?”. And if their answer is a chain and an ecosystem, well, look at recent raises for new chains and ecos. Fractions of $1B for working capital. So if it’s just a cash out, why would VCs put in $750mm to a losing trade (pump fun losing steam, L1’s and L2’s commoditized, native tokens near worthless when stablecoins become prominent unit of value) to a founder just looking to exit?
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Watch them raise $1B and it’s a governance token no claim to revenues 😂😂
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