SOL plummets - The largest gambling house in the crypto market is being checked.
The owner of the house cashes out, withdrawing liquidity from the house rather than reinvesting, leading to an increasingly illiquid market.
Gamblers leave to seek out more attractive houses like BNB, HYPERLIQUID in hopes of finding the 'promised land' and recouping losses.
But in reality, with the current illiquid phase, the more you play, the more you lose if you don't cash out early. The jeet ratio of the devs is terrifying as the market approaches this phase.
Westerners blame CZ for BROCCOLI and TST because this house is beginning to capture the market share of SOL. With 5 CA, Richard still doesn't know which is the BROCCOLI with the strongest community. I hope to get feedback from the community.
But the story we see in this cycle is that the West is self-sabotaging, sabotaging the entire market. Behind a sabotage is a collective of many individuals and reputable projects in the market.
Take, for example, the story of $LIBRA – the national coin of Argentina issued by the president of this country. Behind that coin is a collective of OG players combined with top projects, along with personnel from Asia to Europe.
The insider crew exposed includes: Jupiter, Meteora, Moonshot, KIP Protocol, insider MELINA. Currently, Toly has also spoken up to prevent the situation from getting too bad.
"Memecoin is just a worthless investment." – verbatim quote from Toly, founder of SOL.
This season can be described as fierce. Asian folks get rug pulled 1 time while Westerners playing according to US hours get rug pulled 10 times with the super cycle of memecoin.
A whole lineup of memecoin celebrities disappeared last month. And the peak was after the TRUMP listing.
And now everyone is starting to remember the uptrend from 4 years ago.
Perhaps Do Kwon isn't too bad.
Perhaps Sam Bankman-Fried isn't too bad.
Perhaps Gary Gensler isn't too bad.
I miss the good old days of the 2021 cycle.