Today's hypothesis: the Overton window for memecoins has closed.
Get out or get rekt.
Memecoins were always an "attention economy" play.
What happens in the US at the moment captures the attention of all the crypto world. It is so momentuous, so significant, it sucks the air out of all the unrelated stories.
It is even about to come to Europe, and that is saying a lot.
Memecoins were always a lazy story, gamblers fiddling out of boredom.
That has suddenly been sweeped away. Trump's election, his nomination in key positions of people who appear to really "mean it", has galvanised the whole cryptoverse.
In retrospect, the launch of $TRUMP and $MELANIA will be seen as the swan song of the brainless "meme" mania.
Let's buidl meaningful new crypto narratives! The potential is huge.
It would be time to get back to building some serious stuff in crypto. Surprisingly, there are some nice things on Solana too, overshadowed by this meme coin mania. The blockchain itself is too centralized for my taste, but the tools and money are there...
Die they bann memecoins in the US?
Of course not 😄