i'm sharing the full message blurred in the quoted tweet since many keep asking it was posted earlier in a group chat in response to a comment about 'top blasting' USELESS and whether it has '$WIF-like potential' ------ i think for something that has run super hard (i.e. from $4m to $150m in ~2 weeks) there will be a cool down at some point before an eventual, more explosive leg up i mean for memecoins, especially one that has rallied with many being sidelined, it's generally bullish to shake off a bit of unbelievers who are up a lot before a more super aggressive move to higher, insane valuations it's hard to say exactly when this would happen though, because many expected a pull back way before the current levels, and even though i have very optimistic targets for USELESS, even i did not expect it to just go on a 'no breaks' pump from $4m to $150m in just a few weeks tbh what i'm super confident about, regardless of short term moves, is that this is eventually a billion dollar memecoin i'm saying this based on the memetics, lore, group of core holders, as well as other on-chain metrics (which Nansen, Stalkchain, and Sunflow have been talking about a lot recently) i also know from being close to the CTO team that T1s and CEXs have taken active interest in this one and discussions are ongoing; ofc it's hard to say where discussions end, but there's a level of interest from them that seems unusual this early for a memecoin then you have: - other form of engagements from respectable CEXs that are not t1s: Kraken Co-CEO and a listing manager publicly memeing it just last week, listing it organically yesterday (they rarely do this!), Kucoin listing for free, etc - confluence from a lot of savvy memecoin guys, including those early to WIF and Fartcoin - it being the first solid memecoin to come out from the trenches since TRUMP; i can't think of anything that has been sticky since then - way too many people getting sidelined on this rally; this is evident on CT, even in the trenches, etc (many will try to position on the next significant pullback) - the fact that a higher market cap makes it more interesting i.e. a $500m 'USELESS coin' is more memeable than a $100m USELESS coin, for example. good case in point is the convo involving [redacted] in this chat the other day: smart folks are naturally going to get triggered by this doing insane valuations when it's hard for 'good stuff' to get funding and traction, and that will only fuel press which helps it. it should also fuel industry wide criticism at some super high valuation, for many reasons but more so for the fact that it is 'insulting' and 'ridiculous' that some memecoin deriding the entire industry as USELESS is trading 'THAT HIGH!!!' - i should also add that Wintermute recently reached out to me highlighting its strength; i never pitched it to them and haven't had discussions with them in ages. knowing how they operate, the fact that they reached out indicates that they're seeing interest in it from big money or CEXs USELESS coin has all of the ingredients of a blue chip memecoin and interestingly every single WIF OG i've seen in it do not just believe it has ingredients of a 'wif style' move, but they actually think it has potential for a higher ceiling compared to wif... because the meme is 'not as niche' compared to WIF so, i do think this has all the ingredients even more so because it had a lot of buzz when it first came out and CT did a whole circus around it when it retraced 90% from $40m to $4m, denouncing it as dead, only for it to pull a 3,000% move from $4m to $150m... so even if it does get a significant pullback, i don't think anyone will consider it 'dead' this time around. people will simply find an opportunity to position and the FOMO from the next move will be more than the current one that being said, i do personally think a scenario in which it gets a form of pullback + consolidation before the next leg up will be bullish for a few reasons: - it gets more power brokers in; so much salt from sidelinoors rn, so it doesn't hurt if a few get a good entry that allows them to push it hard since they would have vested interests - it should result in a lot of 'new money' that are up 1,000% to 3,000% getting out now which should create less resistance in the future - it makes a statement about the longevity of the memecoin: 'it keeps surviving major corrections'
waking up to @theunipcs 100,000 character schizo-analysis of memecoins is the highlight of my day nobody does it like this guy. a true gem.
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