X @wale.moca 🐳

Ordinals were a big extraction, just like most early trends we've seen since 2021.Not too different to early NFTs when majority of teams also raised millions of dollars without ever building anything.SocialFi did the same but here influencers were the "teams".Memecoins, ICOs, and maybe even InfoFi to an extent.Teams capitalize on early hype and the speculation that this will be "the next big thing".That's usually where the real money is made, you can still make profit by trading as an user, but it rarely wo ...