Trenching used to be fun.
Hunting for new memes, aping in, holding with the boys and doing moon math on how many X's it can pull.
Now that everything gets vamped, even if you find a meme early and buy the first token, there is a 95% chance you'll get cooked through no fault of your own.
the barrier to entry for launching tokens has gotten way too low. Protocol tokens are much more interesting because they are unvampable if you have a great product.
$HYPE is a great example, many teams have tried vamping them but none have succeeded because the tech is simply too good.

X (Twitter) · 6 days