Welcome Avatar! On today’s episode of “just one winner bro” “just one 10x” “not asking for much man" “I believe in Celeb who tells me I’m trash publicly”, we had numerous scam coins launch (and rug) while others attempted to launch a coin on the back of Donald Trump’s name. People who are supposedly rich and set for life are still out there looking to outright scam people with fake backers and marketing. That’s where we are right now. And. Retail is falling for it!
The main signal from all that noise? Retail is dead broke. For a bull market to continue we really need to see significant interest from institutions. After months of PvP of pump and dump coins, tons of retail investors have lost their crypto while a few winners mad enough to pay the bills for a year or so (yes we’re sure the top 0.1% crushed as always). Main point is the same, net value extractive so majority of retail is still down.
The good news? We don’t really need them anymore. The boomers are here to pump your bags.