Robinhood also tweeted a cashdog about 4 years ago.
https://t.co/GV29xVYpKC
With cashcat's domain being hacked, it's time for cashdog.
here has been lots of PVP recently and with solana and raydium going against robinhood. This is the PVE we need.
$CASHDOG
@cashcat_token You know you have a good community and smart people/traders when you get hacked but they don't care and believe in something.
The hack didn't even matter, it's all about believing.
Memecoins turned into pure PvP because they became the ultimate degen casino: infinite supply of low-effort tokens, hyper-speculative participants, and mechanics that reward speed, ruthlessness, and exiting before the greater fool.
- Devs/insiders often hold big portions and dump at peak.
- Sniper bots and smart money front-run retail.
- Traders hop between coins looking for quick flips (liquidity hopping).
- Short attention spans + FOMO mean coins pump on hype then crash when momentum fades.
Anyone can create a coin in seconds for pennies. This leads to thousands of copycat coins competing for the same attention and liquidity. Bonding curves mean early buyers get massive advantages as the price rises with buys, incentivizing snipers and bots to jump in instantly
No real fundamentals or value creation
Most memecoins have zero utility, revenue, or use case. Their price is driven purely by hype, social media virality, and speculation (greater fool theory). For you to make money, someone else has to buy your bags at a higher price.
PVP (Player vs. Player) in memecoins refers to the highly competitive, zero-sum trading environment where one trader's profit comes directly from another trader's loss. It's predatory: early buyers snipe launches, hype the coin, then dump ("rug") on later FOMO buyers.
@blknoiz06 You know that feeling when you dev the derivative of a coin blowing up knowing you dev'ed something good but nobody buys.. then another dev with motion devs that same coin and rips to ATH's.
It's just unfair, even when you say believe in something..
The PVP just gets out of hand, you can ask my older sibling @cashcat_token
Imagine a blockchain where people can trade without anyone needing to worry about losing money. If only you said this to 2 years ago during that memecoin era.