The existence of pump-and-dump coins and quick-flip/scam schemes stems from market demand. > For funding providers of pump-and-dump coins: Pump-and-dump coins are a form of investment—a potential way to achieve monthly returns of over 10%. This is exactly what capital providers want. > For retail traders: Retail traders’ attention spans are shrinking; they simply cannot hold assets long-term. Therefore, they seek high-cap, high-volatility assets. This translates into the strategy: “holding time = geometrically increasing risk.” As a result, the market consensus favors short-term, fast-turnaround trading methods—namely, derivatives and memecoins. You could say the consensus around memecoins is the consensus of a mob. But from the participants’ perspective: As long as someone else is willing to buy later, they will make a profit. It’s like betting on TikTok’s algorithm: The first person to see a video gets paid by everyone who sees it afterward. In this case, what people are really trading isn’t the coin itself—it’s the content distribution algorithm. In other words, what they’re trading is the narrative. > Where there is demand, there will always be supply. All these derivative pump-and-dump coins and on-chain quick-flip scams? They’re exactly what retail traders want—and exactly what they get.

The operations team is still not fully occupied.

Thanks @2lambro for having me. I don’t think “crime tokens” are bad. They’re market-born games—a natural equilibrium of demand. If you’re a developer, study the psychology behind them and build around it. This could be our PMF. Virtual currencies are a manifestation of market demand; there’s no need to demonize them. Instead, understand the psychological logic behind this demand trend. The more舆论 opposes them, the more they reveal themselves as the right answer.

FOMO’s trading experience is like a side street, so why is it still so powerful? Because making money with memes and “trading skill” in spot/contract/prediction markets are completely different things. Spot trading, prediction markets, and contracts bet on price forecasts. No matter how much you shout signals, you can’t change the probability of Trump winning the presidency or tomorrow’s oil price. Meme coins judge counterparty behavior and whale intentions. Your signals might attract some counterparties, but the capital volume controlling the market is so massive that even if you bring in buyers, it doesn’t mean you’re the one profiting. But memes are different. As long as you enter early enough, anyone who buys after you—so long as you exit quickly—guarantees you profit. So the “winning formula” for memes is just two things: > Enter low enough > Be loud enough “Shouting” doesn’t have to mean traditional signal-calling. On-chain, publicly buying with real identity is shouting. Influence determines how many follow. Followers determine your guaranteed profit. If you lack both abilities, you’re gambling on whether someone else who can shout will still attract buyers after you enter. The Two Saints, Vlad, Trump, Musk— or even abstract consensus and narratives— all describe the same thing. But none are direct. None guarantee wins. What guarantees wins? Buy low. Shout hard. Memes are CX—not trading. Every follower you attract is real, realized paper profit— like a company’s revenue multiple. A trench is essentially a CX sales system. Each verified account is a community leader. Through FOMO’s social trading product “thesis and algorithms,” liquidity from the trench is efficiently directed. Just like livestream e-commerce on Douyin: telling retail traders where to concentrate liquidity. After all, retail traders only buy what they see. Meanwhile, community leaders earn infinite commissions with zero responsibility. This is also why行情 on every chain eventually fragments: because fragmentation creates positive EV for those within the fragment. PVE is a fleeting illusion. PVP is the long-term Nash equilibrium. Many KOLs once declared: “Memes are dead—who buys memes when you can buy US stocks on-chain?” But in reality, meme infrastructure—launchpads, trading terminals— often earns more than Hyperliquid. They don’t understand why memes still live. They think it’s a conspiracy—exchanges, VCs, big KOLs manipulating things. They never realize it’s simply market choice. Memes thriving long-term is normal. Only long-term viability turns it into a real career for most people. Trading cycles with bull and bear markets. But sales industries only have peak and off-seasons. The lesson for us as project builders: Don’t just vaguely say “build a gambling platform.” Understand why it can be a sustainable real business. Build platforms where ordinary people can directly improve their outcomes through effort. Sales > Trading. After all: The ultra-disciplined, the great fortune-tellers, the chosen ones with luck— these are extremely rare among the global population.

Clarity failed, but it was the best news for Crypto natives over a period of time. Historically, no Song Jiang has had a good outcome. Stick to your core base.

I’m all in on BSC ecosystem Max conviction

Currently, launch platforms primarily follow two paths: One is the news-driven path represented by @fourdotmemezh and @Pumpfun, which rapidly launches tokens based on trending news topics. The advantage is that trends are endless—the world becomes your dealer. The downside is that most of these tokens strictly follow the principle of propagation-based pricing, rapidly pumping and then collapsing without any central manipulation. Thus, the dominant strategies are either scripting automated campaigns to capture trends or organizing conspiracy-style pump groups. In news-driven launches, bottom accumulation and traffic diversion are two near-guaranteed winning tactics, akin to the “central cannon” in Chinese chess. — This mechanism has an optimal solution. As a result, the final survivors are conspiracy groups with on-chain coordination capabilities. The other path is represented by @flapdotsh, which I call “Bottom Pool DeFi.” Butterfly’s core innovation isn’t solving the problem of “fast token launches,” but rather solving “how to build mechanisms within tokens” and leveraging liquidity pools. Early projects like Snowball and RWA established Butterfly’s brand identity as a “ground-up token” platform. For the pump scene, this was a critical infrastructure innovation—since most token launches merely rely on lock-ups, fee-sharing dividends, or airdrops. Butterfly’s treasury eliminated the need for project creators to outsource technical development, and as a “public good,” it also reduced user trust barriers—significantly better than asking users to install TestFlight. At that time, Butterfly served users who were outside mainstream crypto media channels and lacked on-chain propagation coordination skills, relying instead on grassroots promotion. Together, these two paths constitute nearly the entire on-chain ecosystem—both above and below the surface. But regardless of which path, every platform has one core mission: to provide promoters with angles, content, and attention. Whether it’s “mass media” Pump Fun, the Two Saints, Vlad, Toly, or today’s Cedric/Principal—all are year-round generators of topics and perspectives. Because meme finance is finance driven by propagation: above-the-surface dissemination needs topics; below-the-surface dissemination needs endorsement. Both require constant artificial creation. Whoever influences public opinion controls the market. This is the only truly essential capability of any platform—and this principle applies universally, not just in crypto. So you’d better hope the platform you’re playing on can casually generate a topic that pushes a $20M or $30M market cap overnight. Without the power to influence the market, you won’t survive in it.

Fruit flies trade on Hertzflow @Hertzflow_xyz Be like fruit flies

Good evening, major liquidity providers, Due to being occupied offline all day, I didn’t get a chance to post an update for everyone. Many participants in the 100U Survival Challenge have mentioned that the fees feel high—here’s some clarification: Actually, @Hertzflow_xyz’s average fee for opening and closing positions is 0.5 basis points (5 per ten thousand). However, there is a special mechanism: we pre-deduct fees and refund them after the trade is completed. As a result, during trading, users may perceive the fees as high—but the “high” portion is not actually charged. That said, we acknowledge that there are indeed some areas where the user experience lacks precision and attention to detail. We’ve collected this feedback and will be rolling out updates over the next day or two. Feel free to ping our team or me anytime with questions. @heroyangv @richpeach888 We’re here to serve you wholeheartedly.

Here we are Let’s see how far you can go