Friends,
All the hubbub about memecoins might $TUMP some and $MELL-ANIA a little funky to others. Personally, it dragged me down a rabbit hole — “research” is way too generous a word — that crash-landed on a site called pump.fun. This site lets anybody with cash to burn buy into a gazillion available offers. You can even start your own memecoin, if you’re so inclined. As I perused the potential portfolio, a few things struck me.
- It takes zero talent or taste to launch a memecoin.
- Way too many people have way too much time and money to burn.
- Donuts are a surprisingly popular meme.
As you get your morning started, may I suggest a hot black coffee, a sweet, flaky cronut — and if you’re tempted to “invest” in a meme, come on down to my place, you can save some time and flush your money down my toilet.
Happy Friday!
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