Tried to buy MLTL at 1.8m but couldn’t because farcaster wallet currently can’t route USDC trades (clearly not an issue for fomo btw) Now it’s at 5m Yea that’s it for me guys, last straw, going elsewhere
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‘Select new token’ How about select new wallet instead?
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Imo there are two main problems (that aren’t purely structural): -The last cycle preventing the natural progression from onchain degen to CEX alt trader, because there were barely any CEX alts we’re buying; the r:r was infinitely worse for CEX alts than in 2021. The result is that you have a bunch of 7-8 fig port traders still onchain, they buy multiple percentages of supply, and ofc, they don’t hold - The memecoin supercycle promoted left curving, and with that came this 85IQ schizo style of shilling which replaced the more thoughtful thread style that dominated in ‘21. We have elevated this new style of shilling, but the fact is that those who are best at it are also those who are always at the front of the next rotation, which obviously implies they’re actively creating these rotations (financial incentives) Then add the pumpfun effect, now the fomo app effect and yea….hard to see how we move past all this.
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