this tweet is emblematic of what I observed the other day
"memes are dead, tech meta is here to stay"
cue 99% of plasma-related posts boiling down to "yeah I have significant supply of the main memecoin runner on this new tech play. gas it y'all!"
again, I think perps dexes and other new tech coins are a refreshing thing to have happen and diversify things a bit, but the irony here is palpable.
this isn't a commentary on memes reasserting ultimate dominance or being "better" - new memecoin launches are as extractive as anything the space has ever seen, but meme pumps/activity are just a very simple reflection of liquidity, and I think they come ripping back in a matter of weeks, assuming BTC reapproaches its prev ATH and/or lurches past it.
very predictably, the loudest timeline overtures to "memes are dead forever" will have happened during the absolute nano-low couple of weeks of the sector's performance, a story as old as time.
5 days after the mainnet launch and plasma has flipped base in TVL, seems like every chain is just bleeding $ to plasma
tron next
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