#PEPE captured roughly a 60% decline 📉📉 https://t.co/qlLlQhuVgg
#PEPE captured roughly a 60% decline 📉📉 https://t.co/qlLlQhuVgg
Ansem's right and wrong here
Right because $PEPE running to $2B+ was a massive stimulus and changed people's imagination on how high a culture project could go
It brought back belief and real conviction
Wrong because $PEPE was in 2023, pre-Pumpfun. Before you could make a token in 60 seconds. Before devs and KOLs would craft every possible way to max extract with bundles, sniping, etc.
Any funds airdropped now (especially on $SOL) will eventually rotate back into trend coins and scam coins that go to 0 -- aka right back to the extractor's pockets
It's happening as we speak. $ANSEM ran to 9 figs and there are 50 beta plays where deployers are extracting
With that being said, I think what @blknoiz06 is doing here is a step in the right direction for invigorating traders who have been beat down for a bit
And there are cases where the airdropped funds or smart traders will make life changing money
There's an old say that applies here:
Don't hate the player, hate the game
Like Ansem predicted, I think yo
We needed a coin we all pile into tbh
“Pepe spawned in these conditions”