Quick thread on token launchpads, pump fun dominance, and th | MikeIppolito_ on Binance Square

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Quick thread on token launchpads, pump fun dominance, and the memecoin market 🧵

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$200M exploit and Sui and barely sold off, study SOL price action post outage

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$30M swing in 1 hour 🤯

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Ethereum is quietly winning right now. 1. DeFi - Ethereum is straight up running away with the category 2. Scaling - real time proving and 4-8X blob throughput and 10X gas limit in Fusaka 3. Leadership - @tkstanczak and @dankrad Don’t let PTSD cloud your mind, it’s a new era.

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I can’t get behind the idea of cults. I’m not sure when this word got normalized or became something to aspire to. I joined this industry because it innovates insanely fast and I’m here for non sovereign money. Grown men advocating for cults on the internet is beyond lame.

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To anyone opting to build a cult instead of revenue, I wish you *the best of luck. Bitcoin is a snowflake in this regard, it can't be replicated today. Most assets are valued via DCF, it's unlikely you are the exception, so you may as well start building revenue today.

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