GM, comrades
Burnie is the most mispriced memecoin by engagement metrics, content quality, and holder intellect. The meme is a masterclass, and the number of people outside CT who recognise it is stunning.
There are only two scenarios from here:
1. @toly and Solana psyopped everyone by hinting at backing but led it to a slow bleed to 0 (Pumpfun takes over with USDC pairs and Solana loses all credibility regarding memecoins that scaled their chain).
2. This current $burnie price is a generational entry point for those who actually understand why this coin was created and what mission it serves. Burnie hits 9 figures and gets the backing that has been teased. Several comrades hit 6- to 7-figure PNLs.
My bias is scenario 2. That’s why I doubled my bag over the last few weeks. I was there from 2m to 24m and will be here from 3-4m to 9fig+.
The ingredients to make Memecoins paired with Sol great again is here.
one observation that really saved me a lot of money...
when a meme makes the first strong leg up, dumps, then tries to go back up again but fails below the previous high, that’s usually a weak signal for me. i usually look at the 4H timeframe.
it means buyers tried again but didn’t have enough strength to reclaim the old top.
doesn’t mean the meme is dead. news or one big buyer can change everything, but without a catalyst, that second weaker leg usually tells you momentum is fading and the chart probably needs to go lower or chill before the next real move.
every time i see this, i derisk and keep cash to buy lower, because most probably the 3rd try will be lower than the second one, and it keeps going like that until it finds a bottom and a new structure starts to form.