Some late night thoughts post $DOG's Kraken listing 🧵 Prior to the $DOG airdrop I spent all of my time obsessing over a single question: What makes a memecoin valuable? I came to the conclusion that there were three fundamentals that a memecoin needed to succeed: 1. Community 2. Narrative 3. Liquidity Notice that none of these have anything to do with price and none of them can be achieved in a day In fact they each take years of nurturing and even then you will fail to be even half as good at them as BTC is I knew that if we reverse engineered what made BTC so successful then focused on nailing those fundamentals then $DOG's price would work itself out in the end This is why the day-to-day $DOG price changes don't mean anything to me $DOG's price going up and down is exciting and the roller coaster of emotions that comes with volatility is a critical ingredient that makes memecoins so entertaining but it is not the most important thing Price fluctuation is a hype tool that gets people to pay attention but it is not the real focus or real progress Insiders and market makers can financially engineer short term pumps but what is the point if in the end instead of going to the moon everyone gets rugged? I don't care if $DOG's price goes up an down a gazillion times, all that matters is that we achieve our singular goal of going to the moon And to go to the moon we have to wake up every single day and build on the fundamentals of community, narrative, and liquidity Today we made massive progress with $DOG's liquidity Today $DOG was spot listed on a highly reputable, US based, tier-1 CEX This listing not only creates an easy and trusted onramp to $DOG for 330 million Americans but it also adds legitimacy to $DOG for hnw individuals and institutions Understandably many of you have been think about today's $DOG listing on @krakenfx in terms of it being a catalyst for short term price action and maybe it could have been but that was never what today was actually about Today was about $DOG taking a major step forward by adding a fundamental piece of infrastructure that is required for going to the moon The way you achieve very big things is by breaking them up into many little things: 1. Set goals 2. Achieve goals 3. Set more goals Our job is not done This was only $DOG's first tier-1 CEX listing But today we achieved a goal that we set as a community over a year ago which was to get listed on a tier-1 CEX without paying a listing fee or providing market makers Many called us crazy for thinking this was possible and maybe they were right It took 14 months and an insane amount of effort but in the end we proved a few very important things: 1. Decentralization isn't dead and you can fair launch a coin with the same ethos that Satoshi Nakamoto did 16 years ago 2. Insiders haven't completely captured the crypto industry yet and you do not have to bend the need and participate in their corrupt practices 3. Retail still has a voice and there are good companies and people out there who will support and treat retail fairly Today was never about $DOG's price, it was about something much greater I look forward to continue waking up every single day and building on $DOG's fundamentals with you all It will not be easy but in the end it will be worth it $DOG go to the moon!