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Don't remind me again today

a big part of murad's early thesis around memecoins was the tendency for crypto founders to be extractors



tokenomics also provide messy incentives for founders - a 5 person founding team might get 70% of a token supply, they can all get rich without making anyone else rich

memecoins are the antidote - through rapid expansion/contraction they distribute wealth, there's little to no execution risk, no insider information to be traded on

IMO that's why memes can do well in bearish conditions (Pepe 2023, arguably DOGE, the trenches in general)

the death of memecoins has been greatly exaggerated
PEPE4.41%
DOGE3.1%
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