USELESS COIN (USELESS)

一个重大错误是很多人假设像我这样的memecoin持有者在这些低位时对所有memecoin都抱有妄想般的看涨

不要误会：

i’m not!

i 完全预期在新牛市启动时，99.9999%的memecoin将彻底死亡

the select few that survive, however, could fuel one of the biggest wealth transfers to retail we've ever seen

and i don't even think it's that difficult to identify which ones are most likely to survive and eventually make new highs

to give a few examples...

pure memes:

• $USELESS: this pretty much describes 99.99% of the space, and everything that's happened since 10/10 has only strengthened that narrative. the relative volume, OI, and continued whale accumulation further reinforce the thesis. hard to imagine a stronger memecoin narrative!

• $FARTCOIN: it's not just an incredibly funny memecoin that mocks the entire industry—it's hard to think of another memecoin that has commanded more mindshare over the past few years, aside from President Trump's own memecoin

advanced memes:

• $FLOKI: arguably the strongest multi-cycle memecoin that is still relatively low-cap and can absorb meaningful size. it was one of the dominant memecoins alongside $DOGE and $SHIB in 2021. while DOGE and SHIB have yet to make new ATHs since that cycle, FLOKI reached a $3.5B ATH in 2024 and could very well do it again

• $BONK: synonymous with Solana's culture and history, with an ATH above $4B. it's objectively difficult to name a stronger contender for another major run among the advanced memecoins

i call these 'advanced memes' because they've evolved beyond being just memes

they've built real utility that generates revenue and directly supports the ecosystem. in other words, they benefit from both meme-driven attention and revenue-generating products. both projects, for example, have bought and burned millions of dollars worth of tokens using fees generated by their products

my conviction isn't based solely on the products or the revenue

it's because they've consistently:

- gained meaningful traction across multiple products
built cult-like communities that have survived every type of market environment
- secured spot and perpetual listings across virtually every major exchange, making them obvious liquidity destinations once market conditions improve
- they're available on Robinhood, Binance, Coinbase, Revolut, and 100+ other exchanges

of course, this list isn't exhaustive

but i do think it's going to become increasingly difficult to make money in memecoins over time

why?

1. dispersion caused by launchpads like https://t.co/KXWNj9gS7Z
2. a completely different market regime. people now have far more ways to speculate, and buying memecoins is no longer the contrarian, anti-establishment bet it once was. the sitting US president even launched one!
3. increasingly sophisticated trading tools and an extraction-heavy culture that make new launches far more dangerous for the average participant

that's exactly why i believe being extremely selective matters

i think anyone can comfortably park meaningful size in any of the projects above and simply wait for liquidity conditions to become euphoric again, without constantly worrying about getting rugged