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Bonk Eco continues to show strength amid $USELESS rally
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Pump.fun to raise $1B token sale, traders speculating on airdrop
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Boop.Fun leading the way with a new launchpad on Solana.
Market was oversupplied with tokens (as a response to ridiculous token valuations.
We can't unsupply the market & there are simply too many tokens for a broad bid.
Thus, the answer is boring — earnings compounding over many years to get rich.
25.7. klo 17.08
One concern of mine is that we have simply run out of crypto-native capital to bid alts beyond prior cycle peaks. If we look at total alt notional market cap peak in Q4'21 and Q4'24 it tops out at roughly the same number: just under $1.2 trillion. Adjusted for inflation its almost the exact same number between cycles. Perhaps this is how much retail capital there is in the world to bid what is 99% vapourware?
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