16.7K @joao_wedson Whales are going long on Dogecoin, while retail traders continue to hold short positions.
This rapid shift in sentiment occurred precisely at the latest market bottom.
We will need to monitor whether this interest persists or is only temporary. https://t.co/mZVMsGauRu
16.7K @joao_wedson @Alphractal https://t.co/GAE2zIRy8w
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231.6K @virtualbacon With CLARITY on the table, here's my filter for memecoins next cycle. A meme only survives if it fits the SEC rulebook: a digital commodity with its own L1, like Dogecoin's proof-of-work chain, or a digital collectible, like WIF. Everything else has nothing to look forward to.
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930.1K @blknoiz06 930.1K @blknoiz06 when you think about the average person in society this makes sense, people spend 4-6 hours a day on tik tok/instagram/X, how many hours a day do people spend in their banking app? maybe 5 minutes
dogecoin went so high because it attracted a set of buyers who were simply never going to buy stocks, but they would buy a memecoin attached to a person that they know and a meme that they can relate to, & it also attracted large funds who started trading it once it was large enough to make money on, once an asset reaches escape velocity it becomes tradable for a much larger set of individuals
boomers dont like memecoins because they dont understand how much the younger generation relates to memes/culture/content on the internet, but crypto is very unique in that tokenization is one of the only ways people can speculate on these societal trends, the next unlock will be how do you convert this kinetic energy of attention from retail speculators and turn it into something that also generates long term value outside
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