Because of pumpfun and hyperliquid this didn’t even feel like a bear market
They made sure opportunities were always there
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this bear market should make you more bullish on memes than you’ve ever been before
CT has been in a constant civil war for the past few months; collectively arguing over trading community coins versus new pairs, launch modes, etc
and yet the retention rate of the trenches has been just as good as more well-established corners of our industry such as perps, CeFi, etc
if our entire ecosystem is collectively hung up on arguing - rather than leaving the ecosystem altogether - we are in for an incredible run when market conditions improve
anyone who says "memecoins are over" simply doesn't understand that the journey has barely even started.
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i understand where the “just donate to charity” people are coming from, i do … but my view on this is different
the reality is that, through charity coins, charitable orgs will raise more money than they would otherwise, as many of the same people who can’t afford to straight-up “donate” are indeed willing to take a financial risk in the name of charity if it means that they have at least a chance to get something back from it
for most, it’s not that they wouldn’t donate to charity if they could — it’s that they literally cannot afford to just give their money away (despite being good-hearted people)
these charity coins have — in a single day — done tens of millions of dollars in volume … that’s tens of millions of dollars that people were (are) willing to risk in the name of charity with the possibility of making something back that they likely would not simply “donate” without any possibility of return
bottom line: many of the good-hearted people in this world cannot afford to donate their money to charity — they don’t have the disposable income to do that without any chance of return … but many of those same people will absolutely take a financial risk (with potential reward) in the name of charity
no matter what way you look at it, this simply results in more money going to charity than would otherwise
We’re getting a bunch of requests to verify new charities for the @Pumpfun Charity Coin update!
If you have a charity you’d like to see supported, post it below or message me and we’ll add it as soon as we can (pending eligibility)
imo, people are mid-curving the charity tokens narrative for now, partially because it is trendy to hate on pumpfun recently
for the first time, directly through pumpfun, these tokens are verifiably redirecting fees to charitable organizations through legitimate off-ramps
if these coins can sustain volume, the donation “receipts” (verifiable, legitimate — no shady middle-man) should, in theory, fuel the narrative, bringing yet more volume; resulting in even greater donations, compounding the positive impact made by “memecoins,” further fueling the narrative surrounding that impact
most participants simply want charts to trade — they care more about the chart than the narrative … if these coins can print good-looking charts, and bring volume to them, i think it is greatly +EV to trade them vs. charts that most often end up purely extractive
personally, i’ve always thought that this sort of narrative has the potential to change the memecoin industry forever — it just hasn’t been done right
i’m not sure if this is them doing it “right,” but until we see how this develops, we can’t know … but for now, i’m thinking this narrative is being mid-curved by most
then again, i am someone who has been a fan of this narrative for a long time, so perhaps i am biased
time shall tell!