We built a live clock to show how much money is being extracted by deployers in the solana trenches
In the last few months $194 MILLION DOLLARS has been extracted from traders
Happy Holidays from the frenzy team
frenzy.fun/deployer
coming soon™
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embrace the FAFO zone
To break out of a local maximum you need enter the FAFO zone.
This means taking on a bunch of uncertainty and also usually going down/backwards for a period of time to get to the Global max (or a new higher local maximum).
It's best to have fun with it and embrace the chaos. It's part of the process.
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I joined farcaster in the summer of 21 (different acc, iykyk)
one of the things i admire most about dan/varun is just how incredibly truth-seeking they are
early on, i remember they vehemently pushed back on some funny things (like.. having a mobile app for instance)
but when reality contradicts, they pivot their a...
I’m old enough to remember when dan was vehemently against using tokens and trading to grow the network, to the point that the community was begging him to experiment more.
fast-forward a few months, and the strategy has shifted so drastically that I barely recognise him or farcaster anymore. what happened?
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This chart is the first thing people pull up when they try to make the “memecoins = NFTs 2.0” comparison
But you can’t anchor an analysis of memecoins to a chart that conveniently begins right before 2024
The first major memecoin launched in 2013 ($DOGE)
And memecoins have shown up in every cycle since:
~ 2017/18 —...
The comparison doesn’t go far enough: Memecoins are this cycle’s NFTs, but worse.
Early on in NFTs, you could use a unique image to acquire status and distribution on social networks: https://farcaster.xyz/tldr/0xeffb0c9b
Memecoins don’t have any grounding to offer, and this is a large part of why they only retain a
$DOGE
$150K 6h vol
$330.39M
0.64%
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> "Memecoins are to this cycle what NFTs were for the last cycle"
The default outcome is that Don is right.
But let me steel-man the other side and make the case for why Memecoins might be more resilient than NFTs.
The case:
NFT traders were implicitly trading attention flows while Memecoin traders are explicitly t...
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