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@benjanad

growth @chognft | collector | prev. berkeley | turning bad ideas into fun experiments | NFA
CHOG WORLD ORDER chog.xyz Joined September 2014
3.3K Following 44K Followers 100K Posts

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benja 🍌 Verified account @benjanad
trenchers are cooked, liquidity is drying up, and people are looking for something exciting.

here’s some alpha: chog.

i can’t wait to announce our expansion and the solution we’re building to tackle a problem this space is facing, but we gotta be patient.

only a handful of people know what we’re building. those who think they know, they don’t.

in the meantime we’re continuing onboarding key figures, making preparations, and closing a few partnerships.

(if you think you can make a difference and want to be part of what we’re building, my dms are always open)

have a good friday ✌️
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benja 🍌 Verified account @benjanad
my experience with the current state of the trenches and why you literally can’t win in this market:

- traders are being conditioned to day trade instead of hodl; the average holding time is just 1 hour
- coins get vamped almost immediately; no one knows which one to buy
- liquidity between memecoins rotates daily with new memes and narras popping every single day
- pumpfun pays KOLs to shill, not to hodl, so KOLs no longer care about their bags
- @zachxbt has left the space because there’s too much crime for one person to keep up with (luckily, we still have @bubblemaps)
- traders have no edge, so they keep tailing scammers, giving scammers (and deployers) the momentum they need to keep launching new coins
- bundled coins are being normalized so we accept them as long they’re “good” bundles (??)

alt szn won’t come if this continues because there’s no wealth effect when the majority keeps losing money to a small group of extractors.

we’re in need of a reset of the current market dynamics, one way or another (and i believe we’re already starting to see that shift happen) - more people are getting fed up, the “real” KOLs are starting to expose others, and memes are barely pumping past a few million anymore.

be the change you want to see. stop tail trading, stop buying coins from known scammers and serial deployers, and stop giving them a platform to keep exploiting the market.

sorry had to rant lol. no crying in the casino btw, just know what you signed up for