Thread by @ChainLinkGod

This meme has never been more relavant than with the $SHIB nonsense

Driven entirely by TikTok retail investors, some have generated an ROI of 400,000x (turning $17 to $6.5M)

However, given the liquidity profile, 99% of $SHIB holders will never realize any profits

https://twitter.com/FrankResearcher/status/1392040068123176961

There are aspects of the crypto economy I love like the democratization of finance through DeFi

However, the reality is that when you give people permissionless freedoms, they are free to do as they wish

Thus, we have these dog coins consuming a majority of Ethereum's bandwidth

This leads to exuberant fomo where users are paying $265 in gas fees to buy $40 of tokens

They need a 6.6x to just break even and a 13.2x if they want to break even after selling

Seems ridiculous but if you feel you have the chance of making 100,000x....

https://twitter.com/lawmaster/status/1391835686962073612?s=19

This is not a shill of these dog tokens, they offer zero fundamental value and are driven entirely by retail investors who missed out on $DOGE and don't understand what market cap is and simply want to "get rich quick"

This is not going to end well for the majority of hodlers

For those wondering, these are the people on the far right side of the IQ bell curve, you have to think and ape like a brainlet to generate the ROI like a brainlet during a bull market

https://twitter.com/AK_Bull_Worm/status/1391957751933267969?s=19