Tonight $MEME spawned. Its basically a coin to say fuck you to the 80 year old CEO of AMC that has publicly spoken against tokenization.
I think it has potential to run much higher if it gets picked up by mainstream and a few catalysts are playing out right. The tokenized AMC has also now repegged to $2.9 which is the equivalent to the pre market price. The dump from ATHs was caused by that repeg. Not pure sell pressure.
Whether that coin is a good invest is a gamble on catalysts and I took a little position just because I missed the initial run up.
What this really shows is how bullish it is for long pairs. MEME has already made 850k+ in fees that will get distributed to the top long eco coins. AI and Boner should really feel this wealth effect very soon.