The social trading meta around FOMO and PUMP right now is really interesting. A lot of these accounts are basically playing a weird version of the prisoner’s dilemma. They’re up enormous amounts of UPNL, while their main doxxed wallets are completely transparent for everyone to watch. There will absolutely be winners here that eventually get listed on venues with much deeper liquidity. But at current liquidity, a lot of these positions simply cannot be exited anywhere near the price they’re marked at. Some of the PNL you’re seeing could realistically be 3–4x what could actually be realized if someone tried to get out. And once everyone knows that, the game becomes pretty interesting. Also, shout out to @theunipcs. True talent at this game. Midas touch at this point.