meme coins

“You buy a meme coin to become part of a community. And by buying into that community, you make the community more valuable.”

“If you look at all of these, right, the general trend, and you can talk about like mini pumps in between or whatever, is that they've all like traded like a 10th or a quarter of where they peaked out briefly, right?”

“Interestingly, I actually have no formal way to prove that, right? Because it's reasonable. And I was like, because he's like, could I have in theory created other wallets and been the one that made it moon and then sold it? In theory, I guess I could have, an…”

“The 20, 25 version of the tools and the infrastructure around this stuff is so dramatically better than like the early NFT, which was also an attempt at doing narrative investing, but it was a pretty bad attempt at narrative investing. This is like a much more…”

“It costs like 20 cents to like create a meme coin because it is just sending a message, right?”

“When you start thinking of this consumer products and communities and memes you want to drive, there's all this like pretty basic infrastructure that's like shockingly bad or doesn't exist yet.”

“At this point, most, but I think Ethereum has probably the most valuable ones, but by sheer number of launches per day, I think it's like, was peak over a 100,000 per day. I think it may be like 20 to 50,000 right now.”