Practically all meme cash and NFTs are DED from the beginning
“Wanting throughout all wallets that had an absolute acquire or lack of greater than $1,000, we discover a complete of 15,431 wallets. Out of those, 86.07% of the addresses have realized losses amounting to $251 million.”
-Nansen Analysis with regard to Meme Cash
There was a time when memes have been simply inside jokes of the web — wonderful, ridiculous, and fleeting. Now, they’re funding autos, spun into memecoins and NFTs that flood the blockchain like confetti after a championship win. The issue? Most of them are nugatory. However, buried beneath the ocean of digital junk, there’s a way to the insanity — one that may make early movers absurdly rich.
The rise of memecoins has been explosive, fueled by FOMO, insider buying and selling, and absurd hypothesis. Political-themed cash like LIBRA have made and destroyed fortunes in a single day. The playbook is predictable: a handful of insiders get in first, social media ignites the fireplace, and retail merchants pile in, solely to be left holding the bag when the liquidity dries up.