@jiggadrin_@HalieyWelchX I really trusted the girl that was drunk one night and said she's spit on that thing on video. Can't believe she'd do something like this..
King Charles $KING thesis & my thoughts
I missed the initial run-up and started to DCA all the way down to $5.7m.
Most of the memes that had a historic run to $100m+ had a few things in common:
- Catchy chant to spam across the timeline
- Cultural relevance
- Perfect timing
- Virality
This is the perfect environment for a billion dollar dog runner, BTC hit ATHs, Gold feels topped out, FARTCOIN indicating a risk-on summer, trenches getting pumped and dumped on left, centre, right. What we are missing is a single animal meme for the whole of CT to get behind to pull off a WIF, MOODENG, PNUT like run to kick off yet another memecoin szn.
Right now I think people are tired of all the pump and dumps from 'Internet Capital Market' vapourware. I’m really sorry to tell you this, but the normies coming in won't be buying that shit but instead buying memes like Chillguy, Moodeng, Pnut, and PA in the last weeks have proven this. Moo Deng leading memecoin revival with $3.3bn in volume and got a Robinhood listing. The script has been written, the question is are you going to read it?
Just like MooDeng, the token price will be dictated by the virality of Charles. It’s seen millions of views, but for it to reach 9 figures it would need more. For it to have the possibility of reaching a billion, it would need mass adoption, CT acceptance, CEX FOMO, BTC to not shit the bed, and many other catalyst's that has not happened yet.
A dog meme has an already well-developed precedence with normies and crypto natives. It is historically the best-performing meme. It is easy and feels somewhat safe to buy for most, in comparison with others.
Let’s take a look at the possible chants and commentary some of CT are picking up:
"Kings on Top"
"Alpha Dog"
"This is how Kings are made"
"One king to rule them all"
"Alpha Male of the Dog Kingdom"
There is a lot to meme and chant about.
We haven't had a dog going to 9 figs since Billy
We haven't had a dog going to 10 figs since Neiro
We haven't had a dog reaching crypto cultural defining status since WIF; this is by far IMO the best chance of doing that since April 2024, almost exactly one year ago.
Some other things, although small, sometimes can make a massive difference "Alpha" probably one of the most recognisable word on CT. Ticker: "KING" is perfect if the ticker was "charles" it would have made a difference.
There is currently a $780k pool on Meteroa where 88% ($683k) is SOL. What this means is that there is a huge bid wall at a certain range below the current market cap.
I started DCA'ing because I saw @muzzyvermillion expressing his take on this. I saw the vision and agreed with it. NFA ofc, take a small punt, you never know it might just be the runner you are waiting for.