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Meme Coins in Bear Markets: My Risky Bets During the Bloodbath
The crypto market's looking like absolute garbage right now, and I'm watching my portfolio bleed out daily. Yet here I am, still drawn to those ridiculous meme coins. Why? Because I'm either a masochist or secretly brilliant - the jury's still out on that one.
Let me share some meme coins I'm eyeing during this carnage, though I'll probably regret it later. Just don't blame me when your money vanishes.
5 Meme Coins I'm Foolishly Considering
Flockerz - This hen-themed nonsense has somehow raised $9.1M in presale. Their "vote-to-earn" gimmick tries to distinguish it from the sea of garbage tokens, with some comic book story about "King Birb" who lost his Bitcoin fortune. I'm intrigued but skeptical as hell.
Wall Street Pepe - Riding on the GameStop saga nostalgia, this token pretends to democratize gains for small investors. Yeah, right. They've raised a shocking $47M, proving people never learn. Their "WEPE Army" promises trading insights - just like every other pump and dump scheme.
Solaxy - Claims to be Solana's first L2, but let's be real - it's just another frog picture with Einstein hair "surfing the stars." They're dangling that 350% APY carrot which absolutely screams sustainable business model, doesn't it? The art is kinda cool though.
Unicorn Fart Dust - I'm not making this up. This $200M market cap joke was created by a YouTuber who doesn't even believe in meme coins! It's literally named after a video game move where unicorns fart on opponents. And people wonder why traditional finance doesn't take crypto seriously.
Peanut the Squirrel - A token commemorating a dead squirrel. Seriously. Trading at 910,000% above launch price with a $569M market cap. This madness got listed on major exchanges while actual utility tokens struggle for recognition. What a world.
My Bitter Conclusion
During bear markets, the best meme coins are probably those still in presale - they haven't had the chance to disappoint you yet. I might throw some gambling money at Flockerz or Wall Street Pepe, though I'll likely regret it when the inevitable rug pull happens.
The fact that tokens like Peanut and Unicorn Fart are showing green while legitimate projects collapse tells you everything wrong with this market. But hey, I'll probably FOMO in anyway because I never learn.
Just remember - I'm not responsible when you lose your money on cartoon animals and mythical creature flatulence. We're all degens here.
Price watching these absurdities while my "blue chips" crash is the definition of crypto insanity.