another one. bookmark my quote tweet. read it everyday zero. no exception

Now that ANSEM is down 86% from ATH, people are defending it by saying, “He sent this meme to $400M in a bear market. You should be grateful.” First of all, 70% or more of the supply was controlled, so the effective market cap was less than $100M. Even now, 50–60% of the supply is controlled, which means it doesn’t even rank among the top 10 memes on Solana by effective market cap. And I don’t understand this idea that if a memecoin goes to hundreds of millions and then goes to zero, people should be cheering about it. If it went to zero after going to 100s of millions that means that the insider cashed out millions and they don't care now. They already made the money. Like most things in crypto. Your Layer 1s and Layer 2 and VC backed tokens. The whole idea of a generational meme is that it never dies. Has most of CT forgotten that? The end goal of a memecoin should be to become a tradable asset that does millions in daily volume and provides value to LPs, holders, community, exchanges, apps, and protocols. DOGE, PEPE, and SPX are examples of such memes. At least, that should be the goal with NEET or any other coin with a huge community Billions in valuation. A multi-cycle Lindy meme. Never dies. Also, if I had 10% of a coin given to me at zero cost basis and it went to millions, I would post about it every day and talk about nothing else. It would become my sole focus and my only project and token. He controls 50%+ of the supply, yet he doesn’t promote it. No memes, no content, no bullposting, no culture. Why should holders believe in it if you don’t believe in it yourself? Now contrast that with Murad. He doesn’t even have 10%, yet he posts about SPX and only SPX. He’s been doing so for the past two years, and that’s far more admirable. Can it get back to ATH? It probably can, but that requires talking about it daily, relentlessly bull-posting, spreading the culture, and building positive sentiment. Instead, we get the typical crypto founder response: “Big things are happening. You need to patient. We’re building something huge in the background.” Its a creator coin at the end of the day and if the creator doesn't show up it goes to zero. You can't do anything about it. Its not a culture coin. Its not a movement coin. Its not a narrative coin. Its a creator coin. And finally, adding revenue or utility to a meme is the fastest way to send it to zero. CT is telling me that I should be cheering for -$21M of uPNL and only 2.3% of wallets in profits because it went to $400m