this kanye coin was a pretty good indication of where we stand in the market here's what I personally took from the $YZY coin launch today 1) there is essentially no retail here trading, the only buyers for this token were crypto native everyone who is here wants to make money, but there is no retail so we're just handing money back and forth to each other -------------- 2) the people who are here are all flippers, and after the first pump there are zero buyers this happens with most tokens these days, and it has been like this for months coins get one pump, maybe two pumps, and then slow bleed forever. then on to the next coin I used to make tons of money creating floors on tokens with good volume and timing bottoms, but now there are no bottoms on coins and they can (and will) bleed to zero without relief very few believers these days, especially on coins like this -------------- 3) many coins these days are insider cabal plays designed to extract, the kanye token was almost entirely bundled and I heard from at least 10 different people it was happening today tons of people knew this coin was coming, and they did it in a way to where people were "ready" but no one knew what to expect -------------- 4) people knew that kanye sold his account months ago, and they still aped the coin anyway there was volume and liquidity, so people aped anyway -------------- 5) the space is maturing we already know celeb coins are bullshit, and there were tons of people who completely passed on this coin because the risk to return wasn't there people remember Libra, and learned from their mistakes so they sat it out -------------- on top of all of this, kanye isn't as popular as he once was but crypto twitter has this weird obsession with him for some reason people on here were treating this as if it was a huge deal, but there are tons of influential people who are more popular socially than him now don't know why so many people cared about this coin launching to begin with, but I'm glad it's over so we can move on