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created at
2025-11-04 05:29:39
updated at
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Out of all the speculative assets in crypto, memecoins are THE most speculative. If I had to draw it out on a chart, it’d look something like this:This is crazy to me because even the left side of crypto - BTC / ETH / your L1s / alts, is already considered highly speculative relative to traditional investing. Tell any tradfi you’re buying Bitcoin - they’ll think you’re some Gen-Z Zoomer who knows nothing. Even after the Bitcoin ETF, I’ve had friends going to digital assets conferences hosted by big traditional banks, telling me that the attendees were convinced this would “all get shut down soon”. Yet, this week we’ve seen the following:BOME presale, where you could put in 10k and turn it into 1 million at the topThis caused presale mania, where someone even sent a few million in SOL into the burner address, causing presales to go insane about losing money (the token then mooned, which of course it did) And before that, you had general memecoin mania - with WIF / PEPE / MOG / memes on ...
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0xkyle
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