trenches are TOTALLY cooked. the only coins going up are bundled hard and pumped with hard injected funds to pump, and then they realize its not worth it and they slow rug it, nobody wants to lose their own money right
there is no organic volume, pure PvP, zero HODLers
you can invent the next bitcoin or launch next PEPE and ppl will still sell for 10% gain, there's no way anything sends organically like $MANEKI, $WIF, $MEW, $PEPE, PNUT and all the OG coins did, there were real traders with real money and with real convictions
the only winners nowadays are good snipers, and bots, even insiders can't win at this point
any coin that surpassed $10M cap lately has been a manipulated scam with 90%+ supply bundle and hard injected money, and they all ended up the same
remember $lizard? every corporation was tweeting about it, even Walmart, Binance, Kraken was literally shilling it every 2 minutes, and what did it do, couldn't stay above $10m for longer than a day, why? because it wasn't bundled and manipulated and organically it had zero chance in this market
now you see $USDUC and some other coins doing insane numbers in this market, believe me, its all manipulated, there simply isn't that much real volume
manipulated isn't always bad, and it doesn't mean it's a scam, it can be good or even great if they have enough funds and experience to take it all the way up and then seal Coinbase/Binance listings, and even then they need to hope that volume in memes come back and they can exit to cover their investment in this scheme
it all became forced, everyone looks like a scammer, even if they aren't, because the market is oversaturated, interest is low, and we are still getting millions of tokens launched daily, meaning supply far surpasses the demand
memecoins are long over imo and $lizard was a perfect example just like NFTs were done in 2023
this definitely doesn't mean that "crypto" is done or the top is in, just the category is done
imo @pumpdotfun and @bonk_fun both end up like @MagicEden and @tensor_hq and we'll see new interesting "category"
but what will it be?
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