Simonon

Major launchpads like PumpFun, Zora etc have now pumped out over 28 million unique tokens.
The aggregated mcap for all of them is around $3.2B.
We’re looking at an average mcap of $113 per token.
Read that again. Not $113 million. $113.
The trenches are dead.
Bullish.

$TROVE just had its TGE and immediately dumped -95% within the first hour.
Might be a new record lol.
Jokes aside, it’s pretty obvious Trove was just a straight-up scam and cash grab, and the team isn’t even trying to hide it.
You might want to remember all the KOLs who shilled Trove’s TGE to you, they were clearly paid. Looks like most of the tweets and affiliate badges have already been deleted.
“But it’s obviously going to pump because it has 100% unlock at TGE”…right?!???!

To everyone who thinks they’re early and smart for chasing the precious metals trade right now:
You’re not.
Silver is on track to overtake BTC’s performance since the Q4 2022 bear market lows.
This bubble will burst too. And when it does, guess where that capital will flow next.

During altseason, everyone is a winner.
Yes, even the worst of the worst veritcal called GameFi.
These are just early signs of what the rest of the year will look like.

$600M FDV for a new ecosystem that offers nothing beyond a DEX, barely any onchain liquidity and a ponzinomics fishing game?
This will bleed out like every other useless long-tail chain.
FOGO = no-go