Pretty wild how quickly the AVAX presale meta went away again.
The last remaining "hyped" presale, $BOI, had its TGE yesterday and basically went to zero in hours.
The other hyped AVAX memecoins are all down badly from ATHs:
$WINK: $150M USD -> $2.9M USD.
$BLUB: $90M USD -> $1.7M USD.
At ATHs the top allocations were worth high five to six figures each.
Not dunking on the teams, it was inevitable that the house of cards would collapse as soon as the sell shaming became irrelevant (because there were no new good TGEs in the pipeline).
If you’re on one of the sell shame boards is that now a badge of honor?
@Telcier People called me names when I posted this and sold my BLUB allo for $40k
AVAX memecoin presales have been cooking lately, with $KET, $WINK and $BLUB making the top allocation presalers six figures each.
While I think this is all less extractive than previous launches and the teams certainly did a great job when it comes to marketing, a question remains as to how long this can last.
The reason "ShameFi" (in other words, projects that track what you do with your allocation) works is not really because of "shame" (personally, idgaf about what people do with their money), but because it keeps you from getting access to future presales.
People who instant dumped their $WINK allocation didn’t get $BLUB, people who instant dumped their $BLUB tokens won’t get the next one, etc etc.
This is very effective as long as the new launches are super lucrative, but that will end sooner or later as we get more and more presales and coins (and not all will go on a similar run), especially when market conditions look bleak.
AVAX Foundation can offset some of that with strategic buying, but they're not Jeff Bezos either.
I personally think we will have diminishing returns pretty soon, which will show that "ShameFi" was in fact "PonziFi".
But until then, let’s enjoy the run
1,87k
0
Innholdet på denne siden er levert av tredjeparter. Med mindre annet er oppgitt, er ikke OKX forfatteren av de siterte artikkelen(e) og krever ingen opphavsrett til materialet. Innholdet er kun gitt for informasjonsformål og representerer ikke synspunktene til OKX. Det er ikke ment å være en anbefaling av noe slag og bør ikke betraktes som investeringsråd eller en oppfordring om å kjøpe eller selge digitale aktiva. I den grad generativ AI brukes til å gi sammendrag eller annen informasjon, kan slikt AI-generert innhold være unøyaktig eller inkonsekvent. Vennligst les den koblede artikkelen for mer detaljer og informasjon. OKX er ikke ansvarlig for innhold som er vert på tredjeparts nettsteder. Beholdning av digitale aktiva, inkludert stablecoins og NFT-er, innebærer en høy grad av risiko og kan svinge mye. Du bør nøye vurdere om handel eller innehav av digitale aktiva passer for deg i lys av din økonomiske tilstand.