The beanstalk is sprouting stronger! ✨
Teaming up with Gassy Jack to climb the beanstalk. Collect beans through quests and unlock epic rewards in our gas-free world. Who's in? 👀
https://t.co/VxZuRLM4WC
https://t.co/VxZuRLM4WC
Just unlocked my Gas ID via ETHGas 🪪
I'm a Teen Jack with 0.9568 ETH spent on gas since Beacon Chain - now fueling my climb to the Gasless Future and earned 490 Beans already.
Reveal yours at https://t.co/RtddXsMRAH
This is a high-quality article. This article introduces the origin of Wangchai in detail and the reasons why members of the community are optimistic. Because it is too long, I can't directly present all its contents to you. Therefore, in order to preserve the integrity of the article, I strongly recommend that members of the western community can use Ai to translate it!
Thank you for your writing. 🫡
I have sent the article to Tom.
@longjuanfenggo
I think this is an article worth reading, believe my brother!
@SolportTom
i've come to an important realization after being through multiple cycles in the trenches
almost every major runner that has emerged follows a three-step process:
1. a small, introductory pump fueled by hype around its launch. many get too excited here and declare it the future of finance, but the next step is almost always inevitable
2. a massive, aggressive pullback with long periods of consolidation at its lows
this step is pretty much a rite of passage for runners that end up going mainstream—but it's also where many give up, as they consider a runner or narrative dead when this phase kicks in
- it happened to SHIB, which suffered a 90%+ correction shortly after launch and consolidated for months before pulling an explosive move that pumped thousands of Xs
- it happened to BONK, which also saw a 90%+ correction shortly after launch and consolidated for almost a year before rallying hundreds of Xs
- it happened with SPX, which went through a 90%+ correction after launch and consolidated for a year before pumping hundreds of Xs after Murad picked it up
i could go on and on, but almost every major runner we have today went through this phase
it is extremely hard to see strong, ORGANIC runners go mainstream without passing through step 2
3. an explosive rally after a very long period of consolidation (usually months!), where the runner starts pumping 'out of nowhere'. the pump may be triggered by a catalyst (SHIB's was the memestock moment, SPX's was Murad, etc) or for seemingly no reason (BONK's was spontaneous, without any obvious external driver)
while many tend to focus on what the catalyst is at this stage, the reality is the project would likely have pumped regardless of the catalyst. of course, how high it pumps without the catalyst is another matter entirely
the problem we have today is that many are attracted to memecoins because they see projects in their Step 3 rally phase. they see their favorite KOLs attributing the pump to some random narrative—and then assume that narrative alone is the reason for the pump
so they expect every good coin with a good narrative to pump immediately and aggressively—and to keep pumping without pause—because 'that’s how it’s supposed to be'
they expect an instant 100 or 1,000x on new runners with 'a good narrative.' and when that doesn't happen, they immediately conclude that the narrative is 'forced' or the coin isn't good enough
then they declare the trenches dead
sorry to break it to you, but you're playing this game wrong if you assume that a runner needs to immediately pump to crazy levels—or else it's dead or forced
you're not going to make it in the trenches if you don’t have strong conviction and aren’t willing to HODL
it’s always been this way, and it’ll likely always be this way
@BoochieOnEth boochie It's a degenerate with a soul, a symbol of failure that turns into triumph if you accept it. I mean, it's a symbol of degenerate culture on the crypt. So we have a cult😄