Good take
Meme ceilings have been compressing, which makes sense due to factors like dispersion, meme fatigue, and less capital sloshing around on chain. Remaining on chain participants are also more savvy/cynical leading to capital being more mercenary
You need to look for value more than ever, the billion dollar runner is becoming more of a thing of myth
Now it’s more like the 100-300m runner. Observing many capping out here (Aura, Useless, Moodeng, etc.) despite the timeline shouting that 1B+ is inevitable
Good thing to comment on
People tend to associate these old memes from 22/23/24 as safe but realistically they keep getting people rekt over and over again
Look at wif, popcat, fartcoin or whatever else, how much money do you think people made on them after their initial runs?
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