Meme Coins Are 'A Pure Ponzi' And 'Destroying Crypto,' Says Trader Who Thinks Dogecoin Was Different
Meme Coins Are 'A Pure Ponzi' And 'Destroying Crypto,' Says Trader Who Thinks Dogecoin Was Different
In the midst of the meme coin super cycle frenzy, swing trader Picolas Cage has taken a stand against meme coins, arguing that they are harmful to the overall cryptocurrency ecosystem.
在模因币超级周期狂潮中，波段交易员Picolas Cage采取了反对模因币的立场，认为模因币对整个加密货币生态系统有害。
What Happened: "They are disinteresting from a technical perspective and don't offer anything other than a pure ponzi," the trader writes, emphasizing their lack of substance.
发生了什么：“从技术角度来看，它们无趣，除了纯粹的庞氏骗局之外没有其他任何东西，” 该交易员写道，并强调它们缺乏实质内容。
IMO memecoins are destroying crypto.
— Picolas Cage (@Picolas_Caged) April 25, 2024
I still maintain the opinion that memecoins are a net negative to this space.
They are disinteresting from a technical perspective and don't offer anything other than a pure ponzi.
They are predatory in nature and usually create a market...
IMO 模因币正在摧毁加密货币。
— Picolas Cage (@Picolas_Caged) 2024 年 4 月 25 日
我仍然坚持这样的观点，即模因币是这个领域的净负面影响。
从技术角度来看，它们无趣，除了纯粹的庞氏骗局之外没有其他任何东西。
它们本质上是掠夺性的，通常会创造市场...
He criticized their predatory nature, suggesting that they create an unfair market environment where less informed participants are pitted against more knowledgeable traders.
他批评了他们的掠夺性质，认为它们造成了一个不公平的市场环境，在这种环境中，知情程度较低的参与者会与知识渊博的交易者对抗。
What's The Process: According to Picolas Cage, savvy traders exploit meme coins by accumulating large positions through liquidity pools and MEV bots without significantly impacting prices. They then promote these meme coins to their followers, creating artificial demand and enticing less experienced investors to buy in.
流程是什么：根据Picolas Cage的说法，精明的交易者通过流动性池和MEV机器人积累大量头寸来利用模因币，而不会对价格产生重大影响。然后，他们向追随者推广这些模因币，从而创造人为的需求，并吸引经验不足的投资者买入。
This process, he argues, perpetuates a "Player vs Player" dynamic masquerading as "Player vs Environment," where large accounts sell off their holdings to unsuspecting individuals hoping for massive returns.
他认为，这一过程延续了伪装成 “玩家与环境” 的 “玩家对玩家” 的动态，即大型账户将其持有的资产出售给毫无戒心的人，希望获得丰厚回报。
He also notes that meme coins divert attention away from genuine technological innovations and potential wealth-generation opportunities in the broader crypto market.
他还指出，模因币将注意力从更广泛的加密市场中真正的技术创新和潜在的财富创造机会上转移开来。
Also Read: Are Dogecoin And Shiba Inu Primed For The Next Leg Up?
另请阅读：狗狗币和柴犬准备好迎接下一轮涨势了吗？
Why It Matters: Cage traces the bullish phase of meme coins back to Dogecoin's (CRYPTO: DOGE) previous pump cycle, fueled by "normies" using profits from GameStop stock investments to enter the crypto market and show "crypto bros" the proverbial middle finger. This, however, contrasts with the new generation of meme coins that Cage sees as purely extractive.
为何重要：凯奇将模因币的看涨阶段追溯到狗狗币（加密货币：DOGE）之前的暴涨周期，其推动力是 “常态” 利用GameStop股票投资的利润进入加密市场，向 “加密兄弟” 展示众所周知的中指。但是，这与凯奇认为纯粹是提取性的新一代模因币形成鲜明对比。
In conclusion, Picolas Cage's critique raises important questions about the impact of meme coins on the crypto market and the risks they pose to uninformed investors.
总之，Picolas Cage的批评提出了有关模因币对加密市场的影响及其对不知情的投资者构成的风险的重要问题。
What's Next: The influence of meme coins and Bitcoin as an institutional asset class are topics expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
下一步是什么：Benzinga即将于11月19日举行的数字资产未来活动预计将深入探讨模因币和比特币作为机构资产类别的影响。
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
该内容部分是在人工智能工具的帮助下制作的，并由Benzinga编辑审查和发布。
Image: Shutterstock
图片：Shutterstock