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It feels like the Bsc meme is about to go down the same old road as brocolli. There is only so much liquidity in the market, with part of it being on-chain, part of it being alpha, and part of it in the secondary market. An alpha coin can go to 100 million, and if there are 5, that's 20 million each. In the secondary market, one can go to 500 million, and if there are 5, that's 100 million each. The more that are listed, the lower the ceiling will become, and once the ceiling of the previous layer lowers, it will also squeeze the next layer.
But it seems that there is no solution, because to promote the launchpad for meme rush, it is necessary to increase the coin volume. Otherwise, without the next layer of liquidity support on-chain, it will get colder and colder, and who would still want to participate?
I am contemplating the next strategy, and the second phase approach clearly has a low risk-reward ratio in a situation where liquidity is increasingly being diluted.
So when playing on-chain, you either play a small market cap strategy, investing early and then selling to others as it goes up, or when the market cap is high, you definitely don’t want to take the risk.
Either look for opportunities to short those meme coins that have already been listed on CEX in the secondary market, because these profit-taking positions will definitely gradually decline after reaching their peak on CEX, as they move to chase new projects.