I monitor the trenches for signs of cult formation.
I'm seeing a lot of group chats have an enthusiasm for a new bonk platform-launched PFP style memecoin called 'joe' to an extent that strikes me as rare.
Grabbed a small bag, was looking to add on a dip, but it's been a weeklong grind up, holder count has gone up steadily. Not only have I not gotten that dip, price has lifted up and away from this support.
I can't say "this is the one" or "this is going to 100m, 1b", or whatever else, because I don't know, and many of these eat shit, but this one is showing signs of community/cult formation and memetic extensibility in a way that I only see once a month tops. There's all sorts of arcane stuff that happens to where I can't say this is "organic accumulation" with 100% certainty, but it *feels* like it.
Keeping an eye on joe. Will add to my bags higher as this develops more chart history/survivability.
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