Vesper retweeted
the few, the bold, the $HAMSTER army.
delusional optimists always win in the end.
we will uplift the entire space on the way up.
Vesper retweeted
memecoins have no cash flows, no product, no revenue
the only thing holding the price up is people choosing not to sell
that's what community is, delusional bulls who stand side by side until retirement
every meme that went to billions had it, every one that died didn't. community is EVERYTHING
$HAMSTER has the most delusional holder base I've seen in years. that's why i'm extremely confident it starts the onchain renaissance
Vesper retweeted
we've all been saying that onchain has become untradable and this is why
a few dozen devs launching hundreds of thousands of coins, bundling them and extracting millions
i came back to lowcaps a couple of weeks ago and honestly couldn't believe how bad it had got. it took me a while to realise it wasn't me being out of practice. the whole thing is set up so the average person can't win, you're just feeding the same few groups over and over
something has to shift, otherwise nothing will change and the average person will keep losing
that's why i'm so convicted on social trading platforms, i believe they'll cause a shift in memecoins
i truly believe $HAMSTER will be the inflection point. every trade on the token comes from a real profile on a social app, it's the best way to keep the extractors out
memecoins 2.0 is coming, hamster is leading the way
be the change you want to see onchain
Vesper retweeted
exactly this, most people have never tried to build anything in this space, so the instant reaction is to call people "scammers"
most people just act way too emotional, it's as though people would rather @LucaNetz had tge'd knowing the token would go straight to zero. that would've been the actual extraction
yes it sucks that people spent time and money on abstract but he took the path any sensible founder would take. cut off a failing product before it dragged pudgy down with it
he took the path any sensible founder would take and cut off a failing product before it sent pudgy down with it
however i do think abstract users deserve some recognition for their efforts though, even if it's just an sbt, the people who showed up shouldn't walk away with nothing to show for it
Kept a big solana:2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv bag for the sake of boost of the airdrop, onboarded several people to @AbstractChain. Luca said Pudgy Penguins will eat. Well we aren’t.
Now Abstract is shutting down and it hurts some more some less. But a lot of people built there, spent money there, and believed in the consumer-chain pitch.
The outcome is not what we wished for, but calling @LucaNetz a scammer for winding it down misses what actually happened.
@IglooInc spent the last 18 months funding Abstract out of the Pudgy Penguins business. Millions gone and still no product-market fit. The costs that never matched revenue.
The easy move was the one crypto usually takes - launch a token, run an ICO to pocket millions, and let new buyers subsidize a chain that wasn’t working and shut it down a few months later. They didn’t.
They chose not to keep pulling from Pudgy and community to keep an unsustainable L2 alive.
That is the decision.
Not “we’re abandoning the community.” It’s “we’re done taking from the thing that actually works to prop up the thing that doesn’t.”
@pudgypenguins is the brand. The toys, the IP, the NFTs, $PENGU. That’s what has a real shot at reaching people outside this industry. Splitting focus and capital forever was the bigger risk to holders, not closing a chain that had already stalled. I kept saying that there is not enough focus on Web3 and right now after Abstract will be out of scope time will come to innovate the space under Pudgy Penguin logo.
If you never ran a business you may not understand. Hard calls aren’t the same as bad faith. Sometimes protecting the company means killing the side bet. Pudgy Penguins will be back sooner rather than later and you need to Penglieve 🐧
Vesper retweeted
every cycle a new cohort of KOLs comes out of CT. this cycle's cohort hasn't been decided yet, not many are standing out from the crowd because no one has made a difference onchain YET
people assume the seats are taken, the opposite is true. the timeline is engagement farming and people looking for EL. not many are putting in the effort to get behind one project and ride it to glory, which is why we haven't seen a shift
same with the coins, a market where everything pumps once and dies isn't a good market
rotating from launch to launch every 72 hours doesn't build anything. people get burnt, get bored, and eventually stop
and when they stop, the money doesn't leave. it ends up in the few coins that actually have a community behind them, the ones that are still here after the flush. right now those are the coins nobody wants to touch, and that is exactly what the start of every meme run has looked like
better coins and better people pioneer the next leg. so people need to do real work, show their reasoning, be right out loud and wrong out loud and most importantly act with integrity
be the change you want to see onchain
i will do this with $HAMSTER. if it works out, it works out. if it doesn't, it doesn't. but i won't back down
Onchain is for the most part untradable right now
The number of sheep drones following public trading accounts who are blatantly and knowingly vamping other coins is disgusting
Not to mention the amount of tek larp vapor and launchpads running up once and no relief bounce ever straight to 0
If you aren’t in the one or two coins that is winning for ~72 hours your position is slaughtered. If you are in a winning coin then you have about 3 days before the same idea launches with an even more cracked dev which will pump once and then never again
Not to mention little appetite for anything a week old and 0 appetite for several month old cult die hard community memes
Feels like we need a flush
Or we just need better coins to win, and better people to pioneer the next leg
Otherwise if this is what onchain is like during the real bull then it’s only deployers and bundlers who will win
Vesper retweeted
the longer the consolidation, the bigger the move.
however a slow bleed to zero looks almost identical to accumulation until the breakout actually happens.
the chart only becomes "the pattern" in hindsight. the edge is knowing which wallets are buying during the accumulation.
Vesper retweeted
StonkFun Revenue
(Sept 11th)
Revenue: $2,205,092
Buybacks: $1,269,778
Burned: 5.27M
stonkfun.xyz/revenue
gamefi season seems to be coming back.
@projectmars_rh is a very interesting ponzi. the loop is simple: drill, earn $DRILL, land owners take a cut in eth. almost $500k paid out already.
people forget how fast these charts explode when the tokenomics are deflationary and the game gives everyone a reason to keep buying.
the game seems to have high retention and is gaining mindshare rapidly.
$DRILL looks ready.
I put together a live dashboard for $UPONLY
A @flapdotsh token where every trade funds a vault that can only buy dips and burn. It reads the buybacks straight from BNB Chain so anyone can verify them as they happen.
Contract, for anyone checking the figures: 0x06f7aeabc9c37d457922a9368f291c5d57c07777
I didn't launch this and I'm not the developer. It doesn't need one, the mechanism is automated by @flapdotsh contracts. I hold a position, this is my own research, not financial advice.
Thesis on where it could end up coming in a longer piece.
uponlybnb.com/
-Lem
The longer writeup has been published here: teapawt.org/xLemoneee/status/20980…
Anyone can move a stock now but we haven't seen a proper short squeeze since the GME movement.
It doesn't matter how high a stock goes if there are no trapped shorts. That's what makes QUBT special: there are trapped shorts, and the bear case is off the table. This is a company sitting on ~$1B in cash. It is not going bankrupt.
It would take shorts 7 days to cover, because there isn't enough stock traded daily. If this squeezes, they are forced to buy, no matter the price.
I believe bet we see a proper short squeeze on a stock using on chain as the mouthpiece. It may be QUBT and $QI, it may not. But when it happens, there will be no price targets. Forced buying has no ceiling.
Up only.
Not financial advice.
-Lem
