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beast_ico
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if i ever end up in a studio quality memecoin video with Banks just assume it was against my will and probably bc my loved ones were threatened
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beast_ico
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Had the privilege of testing out the MVP from @Euphoria_fi a couple days ago and can’t get the idea out of my head. It’s a brand new derivative but extremely intuitive to use. Any analogy I’d try to assign wouldn’t do it justice, so I’m not going to bother at this stage (and I promised I wouldn’t share anything). The biggest interest point for me is that I can see a scenario where it becomes wildly popular outside of crypto in addition to the degens here enjoying it. Like there’s a world where Robinhood or one of the other consumer finance apps would want to acquire it and the underlying tech to bring as a product offering to the masses. I want apps and financial instruments that transcend our small CT bubble. These are the kind of new and unique primitives and projects that really get me excited these days…there aren’t many of them.
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Positive flywheels are incredible for asset price on the way up, and extremely damaging when they start to unwind. Ethereum experience two such major waves: 1) extreme demand for ICOs, which began to unwind as project teams sold their warchests 2) DeFi summer, which began to unwind as yields collapsed and vamp L1s sprung up offering higher multiples Solana’s first run up was largely fueled by SBF and co doing all sorts of incredible financial engineering. During its resurrection it felt the benefits of its first true native asset demand flywheel - pumpfun. Now it faces the dangerous reality of that flywheel unwinding…and the market has warned that this was coming for months now. What do you think happens to Solana the asset if every pump coin post-TGE becomes automatically paired with asset/PUMP instead of asset/SOL? Or what do you think happens to demand if pumpchain comes into existence? I am thankful that there really aren’t any of those flywheels currently active on ETH. We may still have a chance.
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Pumpfun is conducting a token sale at almost 20x the valuation of Blast Pumpfun originally launched on Blast but didn’t really get any support so focused heavily on Solana Feelsbadman
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Thought I can’t get out of my head today is what happens to Solana when Pumpfun has their ICO and makes their own chain? Feels like every product on SOL right now is either 1) a memecoin launcher or 2) a defi product that lets people generate fees from memecoin activity
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At this rate Trump is going to have his own chain before Monad goes to mainnet 😭😭😭
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