To be honest, the era of rushing into sh*tcoins following a bunch of KOLs is over.
In the past, everyone thought that if a KOL shouted, they should rush in quickly; but now it’s the opposite— the more KOLs shout about a sh*tcoin, the more likely it is to crash later. #美联储FOMC会议
This has become a phenomenon.
Many people initially became famous by catching sh*tcoin opportunities, making money from the trend, and then suddenly becoming 'opinion leaders'. They shout, retail investors follow, and the result is a lot of people getting stuck.
Honestly, this way of playing will only make Meme coins harder to play with.
When a coin is too hot and too many people are shouting about it, it’s like telling the market makers: Bro, this vehicle is too heavy, we can’t move it!
Because liquidity is really poor right now; the same group of people is still around, and the funds are limited. Without new capital coming in, how can we push it up?
Especially those narrative coins that are so hot they could explode, they tend to be short-lived.
On the contrary, the 'golden sh*tcoins' that have been able to survive recently, like Labubu, Useless, Kled, all have a few common traits:
They all possess sustainability and haven’t had a one-day spike.
Very few KOLs have jumped on board, and at least there are hardly any public shout-outs.
In short, when KOLs collectively rush into a coin, it’s not necessarily an opportunity for retail investors; more often, it’s a trap.