Sean

Addicted to pickleball, skiing, and volatility. $MONG $JUICE

[Sean @TooLegitCrypto]

@NicholasD76949 @VentureCoinist @chiefingza You dont need a graph to understand what pump has done to the trenches. It’s a race to the bottom

[Sean @TooLegitCrypto]

@GeneSteratore Cope harder @MichaelRyanRuiz

[Sean @TooLegitCrypto]

@JoshuaBorne Not a football move

[Sean @TooLegitCrypto]

For as long as I've been in the space there have always been scam and scammers reinventing themselves. The difference was the "KOLs," or the people the space looked up to were all like BTC and ETH OGs that had at least some semblence of a moral compass.

The OGs have since retired and have been replaced by this new wave of attention-seeking tiktok generation KOLs like @blknoiz06 who have grown an audience of mostly-retarded lemmings. It's been refreshing to see people starting to push back a bit.

[Sean @TooLegitCrypto]

@grimy_trades @blknoiz06 What's crazy is the extent they have to go in order to continue to dupe the trenches into generating liquidity in order for them to continue to funnel it into their pockets, like Pump is a platform of the people.

[Sean @TooLegitCrypto]

@blknoiz06 What if I told you the dream is always greater than the reality? You're the guy who has constantly shilled that memecoins and celebrity coins will be what drives retail. Do you understand what a ridiculous take that is?

[Sean @TooLegitCrypto]

@blknoiz06 @FinanceFreeman Sometimes I feel like you have the logic of a 21 year old. It's definitely not "objectively a good thing."

[Sean @TooLegitCrypto]

@redban Amature hour

[Sean @TooLegitCrypto]

The greatest lessons are learned the hard way.

The only point of buying a memecoin is to try to sell it at a price higher than the one you bought it at.

The only point of a kol writing a grand thesis is so they can sell their audience a dream to push up the price and create volume that the kol can sell in to.

Anyone who doesn't know this is either new to the space or is lying.

[Sean @TooLegitCrypto]

Everyone is in this space for the same reason. Nobody shills bags they no longer own. It’s really logical that ansem wouldn’t sell the tokens everyone is watching when the token is named after him and he wrote a thesis on it. But crypto kols from the beginning of time have made their money by selling a dream.

[Sean @TooLegitCrypto]

@ToddTownsend @zerohedge The best titles are the one’s people click.

[Sean @TooLegitCrypto]

No he doesn’t. He’s not going to sell the supply that’s public. Is this your first week in this space? Let me explain how the hustle works.

1. Buy up a buttload of supply from private wallets.

2. Put that supply in the hands of marketmakers with plan to liquidate.

3. Write a grand thesis to generate volume. Shill the fug out of it. Launch a half-baked product to drive volume further.

4. Marketmakers unload private supply into volume.

Once out of that sellable supply, there is no incentive to continue shilling outside of providing a soft landing for broke-boi-bagholders. The tweets about $ansem come at less and less frequency while tweets about the coins he’s rotated the ansem profits into increase. An occasional tweet or $ansem mention is simply PR management.

$ansem continues to bleed, never able to regain that inital hype and liquidity. On to the next one.

[Sean @TooLegitCrypto]

@Kub1_9_8_4 @ChainRacingClub @mongs_nft $MONG

[Sean @TooLegitCrypto]

it doesn't get fixed because there is no incentive to put in the work to develop a legitimate memecoin project. The lemmings have all been conditioned not to believe in anything and rotate 6 seconds later. The launchpads have lowered the friction and have become the demise of what was awesome about memecoins. It's been a race to the bottom ever since pump

[Sean @TooLegitCrypto]

@blockgraze Agreed. Having been a part of the $MONG experience in 2023, things were so different.

[Sean @TooLegitCrypto]

Another clueless and contradictory take by
@blknoiz06

One day you're telling everyone how great PumpFun is and how much it's done for the space. Then the next day you're going on about how building " requires actual work."

Pump doesn't incentivize building. It incentivizes serial deployers and rotation. I've been in the space 10+ years and it's been a race to the bottom with nobody more to blame than the casinos like pump who incentivize garbage and KOLs like yourself talking about how many millionaires will be made from the same garbage.

[Sean @TooLegitCrypto]

@RNR_0 Did he say “this could be good for bitcoin”?

[Sean @TooLegitCrypto]

@CryptoWizardd Classic Burj pattern

[Sean @TooLegitCrypto]

I've been thinking about exactly this a lot lately and the truth is I don't think many inside our little bubble take the industry seriously anymore. It's become increasingly hard for me to.

There has always been garbage and scammers in crypto for as long as I can remember. The difference is, years ago, the leaders in the space were real ones who deeply cared about advancing the space and the technology. Today, all the leaders in the space care about is taking your money by selling you these dreams about becoming millionaires trading memecoins on pump.

The analogy I think of is like going from the rap era with like Wu-tang and Nas to arriving at Lil Yachty and Playboi Carti talking about lambos and gucci earrings.

The dream has always been greater than the reality when it comes to crypto and the space has just been completely squeezed and diluted of everything that used to mean something. I personally don't think there is any combing back from this, because it's not just crypto it's today's society in general. You have people like @blknoiz06 talking about celebrity coins onboarding retail, etc. and maybe it's just I'm getting old, but it just sounds so stupid. Every time we get a wave of retail they get rinsed and never come back, rinse repeat. I just read one bad take after another from today's KOLs and it makes more and more sense why the younger generation aint getting laid.