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Last week i revived my comment that memecoins are a leveraged bet on how long a joke will last and it appears to have struck a nerve with many. Reflecting on it made me realize why memes are no longer sustainable, and it goes beyond vamps and rugs and sniper bots. every modern memecoin is just an oracle that tracks offchain attention. but normies aren’t buying your bags, so you’re betting on the wrong type of joke. PEPE, DOGE, SHIB, BONK - these jokes mean nothing to non-crypto users, and that’s what gives them sticking power. They can retain better value because they will always be funny/significant to the subset of degens that makes these tokens move. the fast way to blow up is by using leverage, the fastest way to blow up is by using leverage to trade how long people will pay attention.