xiyu|Sep 15, 2026 17:28
When a product gets tied to a meme, its weakness often lies in the meme itself.
When supply is nearly infinite, the attention rent of a single meme gets arbitraged away quickly.
So the equilibrium ends up being extremely high turnover, very short half-life, and a brief monopoly of a few symbols.
Going viral and holders making money are often inversely related—going viral often means old tokens are being distributed to newcomers.
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